{"id":23771,"date":"2023-11-20T10:31:54","date_gmt":"2023-11-20T15:31:54","guid":{"rendered":"https:\/\/coincentral.com\/?p=23135"},"modified":"2023-11-22T15:11:45","modified_gmt":"2023-11-22T20:11:45","slug":"best-crypto-credit-cards-review","status":"publish","type":"post","link":"https:\/\/coincentral.com\/best-crypto-credit-cards-review\/","title":{"rendered":"We Searched for the Best Crypto Credit Card So You Don’t Have To"},"content":{"rendered":"

The reward credit card shtick is something familiar to most everyone living in the modern financial era\u2013 “sign up today and receive 500,000 Goobly-Gooble Points today!”<\/p>\n

Crypto credit cards are no different in this regard, but they tend to include some notable cryptocurrency perks.<\/p>\n

The crypto rewards vary by card, including cash back paid in BTC,\u00a0 welcome rewards, gift cards, and travel bonuses\u2013 just like your traditional run-of-the-mill credit card.\u00a0<\/span><\/p>\n

But, crypto credit cards are built for and suited to the desires of crypto users, with perks attractive to both long-term enthusiasts and complete beginners.<\/p>\n

The following guide will cover crypto credit cards, how they differ from crypto debit cards, the best crypto credit cards, and promotions available.\u00a0<\/span><\/p>\n

What Exactly is a Crypto Reward Credit Card?<\/span><\/h2>\n

Crypto reward credit cards are similar to most traditional rewards credit cards; they can be used to transact through payment processing networks such as Visa and Mastercard, as long as the card you\u2019ve chosen is recognized by that network.\u00a0<\/span><\/p>\n

So, chances are your crypto credit card is accepted anywhere that accepts cards, but there may be some limitations.<\/p>\n

Instead of traditional rewards such as airline miles, cash back, or points, owners earn rewards in the form of Bitcoin and other cryptocurrencies. These include Bitcoin rewards for buying groceries, cash back for trading, and additional bonuses after meeting specific spending caps.\u00a0<\/span><\/p>\n

Most companies will give users the option between a virtual crypto card or a physical swipeable card.\u00a0<\/span><\/p>\n

It’s important<\/span>\u00a0you don\u2019t confuse crypto reward credit cards<\/span><\/strong>\u00a0with<\/span>\u00a0crypto rewards debit cards<\/span><\/strong> as they have very different functionalities and features<\/span>.<\/p>\n

What Are Crypto Rewards Debit Cards?<\/span><\/h3>\n

Crypto rewards debit cards let users spend crypto without having to directly withdraw it from a crypto wallet.\u00a0<\/span><\/p>\n

Previously crypto owners could use their crypto holdings to either HODL or trade. <\/span>To use the cryptocurrency for the vast majority of real-world purchases, holders would need to transfer their crypto into fiat. Not only was this slow and inefficient, but it also created a tax liability every time someone “exited” their crypto position.<\/span><\/p>\n

All of this reduced cryptocurrency use as a real-time means of exchange.<\/p>\n

Crypto reward debit cards overcome this problem by giving cardholders easy access to their crypto.\u00a0<\/span>Each card works like a traditional debit card, but instead of being backed by a bank, it\u2019s supported by a user\u2019s crypto wallet.\u00a0<\/span><\/p>\n

It doesn\u2019t really have the same functionality as a traditional debit card\u2013 think of it as more like a prepaid debit card that must be regularly reloaded.<\/strong><\/span><\/p>\n

To use the card, a user must first choose a fiat current to convert their crypto into through the card.\u00a0 <\/span>Once sent, purchases are made in that chosen fiat currency with rewards provided as a cryptocurrency that comes with the card.\u00a0<\/span><\/p>\n

Most crypto debit cards earn crypto rewards on day-to-day spending on networks such as Visa and Mastercard and allow you to withdraw cash from ATMs worldwide, which makes them pretty useful for day-to-day purchases.\u00a0<\/span><\/p>\n

In comparison, crypto credit cards allow the same user experience,<\/strong> but you essentially open a line of credit with the issuing company. So, you don’t need to have the actual cash or crypto in an account somewhere to use your crypto credit card, and as long as you pay your balance every month (or whatever the period), you won’t accrue any fees.<\/p>\n

With these differences in mind, we\u2019ll be looking at the top 7 crypto credit cards in circulation including their rewards, their different tiers, and the cryptocurrencies you can earn.\u00a0<\/span><\/p>\n

The Best Crypto Reward Credit Cards<\/span><\/h2>\n

The Gemini Credit Card: Big Spending Bonus For Dining & Groceries<\/span><\/h3>\n

Easily one of the best crypto credit cards, the Gemini Credit Card lets cardholders earn rewards in the form of Bitcoin and 60 other cryptocurrencies. It emphasizes dining and grocery shopping, with 3% cashback on dining up to $6000<\/strong>, 2% cashback on groceries<\/strong>, and 1% on any other purchases, <\/strong>making it a great fit for people who have large shopping bills and want to earn crypto rewards.\u00a0<\/span><\/p>\n

Unlike most cards that reward monthly, Gemini rewards are instant<\/strong> and can be sent directly to a cardholder\u2019s\u00a0<\/span>cryptocurrency wallet<\/span><\/a>\u00a0without a fee, removing the hassle of having to transfer between wallets. <\/span><\/p>\n

The card has a variable APR between 13.24% – 24.24%, and there\u2019s no annual fee for card ownership.\u00a0<\/span><\/p>\n

Another great feature is that Gemini charges no fees for foreign transactions<\/strong>, making it a great option for those who like to use their credit card on international travels and avoid those pesky exchange booths.\u00a0<\/span><\/p>\n

\"Gemini<\/p>\n

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If interested, you can complete your crypto credit card application for the Gemini Credit Card on its <\/span>website<\/span><\/a>.\u00a0<\/span><\/p>\n

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The Brex Card: For Corporates<\/h2>\n

As of May 2021,\u00a0 Brex Cardholders can redeem Brex rewards points for cryptocurrency like Bitcoin and Ethereum. It’s one of the first, if not the first, crypto rewards programs<\/a> specifically designed for businesses.\u00a0 As of writing, 100 points earn about 70 cents worth of crypto. Coinbase facilitates the crypto rewards exchange. Cardholders can also redeem those points for statement credit, gift cards, or travel.<\/p>\n

The card’s rewards points are as follows:<\/p>\n