The BlockFi Rewards Visa Card comes with no annual fee and no foreign transaction fees. Because crypto prices fluctuate rapidly, that means you may receive more crypto one month over the next (or vice versa), even if your points rewards are the same. You’ll earn rewards as points, which are paid out in crypto once per month at the current market price. However, if you spend at least $50,000 within a year, you will earn 2% back in bitcoin for purchases beyond that threshold. In fact, this card is not eligible for balance transfers.RewardsĪfter the introductory period in which you can earn 3.5% back in crypto, regular purchases accrue rewards at a rate of 1.5% back. This card does not offer an introductory APR for purchases or balance transfers. If you spend more than that, you’ll earn the standard 1.5% rate. Introductory Offer This bonus is capped at $100 back, which you’ll reach after just under $3,000 in spending during that period.
While the BlockFi Rewards Visa Card does not offer a traditional sign-up bonus, you can earn a higher rate of 3.5% back in crypto during their first 90 days of account opening. The BlockFi Rewards Visa Card is a crypto credit card, or a type of rewards card that earns cryptocurrency instead of cash back or rewards points.
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Just remember, crypto prices are highly volatile, so there’s no guarantee you’ll get the same value for your rewards as you would earning cash back or points.Comes with Visa Signature benefits including access to concierge services, travel opportunities, sporting events, upgrades through the Visa Signature Luxury Hotel Collection, and moreOnce your crypto rewards are redeemed into your BlockFi account, you can hold or trade them through BlockFi or move them to another crypto walletCrypto rewards are paid out once per month, and you can only be paid rewards in once cryptocurrency at a time, though you may change your chosen crypto each payout periodEarn 0.25% back in Bitcoin on all eligible trades made through BlockFi (up to a maximum of $500 in Bitcoin per month)No annual fee and no foreign transaction feesVariable APR of 14.99% to 24.99%BlockFi Rewards Visa Card Full ReviewCard Type You’ll need a BlockFi account to open the card, and can choose between several types of crypto, including Bitcoin and Ethereum. ProsĮarn crypto rewards on your spendingGraduate to a higher earning rate of 2% after you spend at least $50,000 on your card within a yearNo foreign transaction feesYou can move crypto to another wallet or exchangeGet pre-approvedConsYou must open a BlockFi account to applyHigh APR for spendingCrypto rewards fluctuate in valueDoes not allow balance transfersNot available to New York state residents The Bottom Line The BlockFi Rewards Visa Card offers 1.5% back in cryptocurrency on all your purchases, and a boosted 2% back on any spending over your first $50,000 spent in a calendar year. Intro offer: 3.5% Cryoto Rewards Annual fee: $0 Regular APR: 14.99% – 24.99% (Variable) Recommended credit score: 670-850 (Good to Excellent) Rewards rate:Įarn 1.5% back in crypto on every single purchase. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Opinions expressed therein are solely those of the reviewer. BlockFi Rewards Visa® Signature Card Editor’s Score: (N/A) Editor’s Score: (N/A)Last updated February 2, 2022All reviews are prepared by NextAdvisor staff. BlockFi Rewards Visa® Signature Card Learn More Editor’s Score: (N/A) Editor’s Score: (N/A)Last updated February 2, 2022All reviews are prepared by NextAdvisor staff. For more information, see How We Make Money. Some links on this page - clearly marked - may take you to a partner website and may result in us earning a referral commission.
We want to help you make more informed decisions. Holly Johnson is a credit card expert and writer who covers rewards and loyalty programs, budgeting, and…
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