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Increasingly, the world is going digital, and that includes everyday spending. Crypto enthusiasts know the cryptocurrency space is quickly evolving, which is why our team regularly monitors trends and new product launches to keep our thumb on the pulse of the industry. One new trend that is quickly gaining in popularity is the crypto rewards credit card.
As more and more crypto cards are becoming available, consumer interest is growing to earn rewards in this new way on everyday spending. Crypto credit cards function much like traditional credit cards, except that they source funds and pay rewards using digital currency, like Bitcoin. Backed by popular card networks like Visa and Mastercard, you still enjoy flexible spending with enhanced rewards through cryptocurrency.
To find the best crypto credit cards today, we regularly research and analyze several critical factors. This includes not only the rewards structure but also associated pricing and fees, cryptocurrency options, payment methods and exchange options.
As one of the first crypto cards, the Crypto.com Visa card fits into your life seamlessly with tons of rewards that make sense for daily life.
To get started, you will need to purchase Crypto.com's CRO tokens and stake them in your Crypto.com wallet. Prospective cardholders will need to stake CRO tokens for 180 days before they can apply for the card. How much CRO you have staked will determine the card tier.
Although sometimes referred to as a debit card, the Crypto.com card is, in fact, a prepaid card that uses Crypto.com's own digital currency. There is no maximum allotment per month for transactions involving currency exchange, allowing you to make as many exchanges as necessary.
Depending on your card tier, cardholders receive a 100% rebate for their most-loved subscriptions including Amazon Prime, Netflix and Spotify. The two highest card tiers offer all three. Royal Indigo/Jade Green offer Spotify and Netflix, and Ruby Steel provides a Spotify sub.
Rewards vary based on the card tier, with cards offering 1% to 5% CRO back and other rewards. If you catch the travel bug, there are rewards there, too, with 10% back on Airbnb and Expedia purchases for the Obsidian and Frosted Rose Gold/Icy White cards. You also receive exclusive airport lounge access. There are no ATM withdrawal fees for most cards and exclusive currency exchange rates when you maintain a higher monthly limit.
Crypto.com is compatible with more than 90 different cryptocurrencies, making it one of the most flexible crypto cards available today. The card itself is made of metal and certain tiers give cardholders a choice in color. You can use your card anywhere Visa is accepted, and the exclusive Crypto.com app helps you manage your account on the go.
Gemini automatically earns crypto rewards that are compatible with more than 60 different cryptocurrencies. While there are no exchange fees, it is important to note that exchanges are not guaranteed. There isn't an annual fee, but there is no welcome bonus, either. Fees on transactions range from 0.5% to about 4%, depending on your specific card. The Gemini card is issued by WebBank and runs on the Mastercard network, allowing users access to all merchants that accept Mastercard. A convenient app also helps you manage your account, like freezing and unfreezing your card, and 24/7 live customer support will be available.
Gemini has a unique rewards structure that is paid in real-time and can be redeemed in several ways:
All rewards from eligible purchases are paid out via Bitcoin or another cryptocurrency accepted by Gemini. Members also receive access to Mastercard exclusives, such as special savings on purchases at Lyft, DoorDash, HelloFresh and a ShopRunner membership. Mastercard's signature Mastercard ID Theft Protection and Zero Liability and Price Protection benefits are also included.
Founded in 2012, Coinbase was already a leading crypto exchange when it launched its Coinbase Visa card. The Coinbase Visa works like any other Visa card, except it's compatible with any asset in your Coinbase portfolio.
It draws from your Coinbase balance (not from Coinbase Pro, Wallet, Prime, or Commerce accounts), so you simply pay with a PIN or withdraw from an ATM as you would with a normal card. There is a daily spending limit of $2,500 and a daily $1,000 ATM withdrawal limit.
Cardholders have the choice of earning either 1% back in BTC, ETH, DOGE, and DAI or 4% back in XLM and GRT whenever a purchase is made.
Accepted anywhere that Visa is accepted, the Coinbase Visa gives global spending ability with no international limits. There are enhanced security features that include two-step verification, plus you have the option to instantly freeze your card through a hearty mobile app that keeps you in the driver's seat of your account. Bookkeeping is also made easy with the option for account notifications, digital receipts, and transaction summaries.
However, it is a fee-heavy debit card. Although there is no issuance fee, you will pay several other fees, like a Coinbase wallet currency conversion fee of 2.5%. This fee is per transaction and applies to any assets other than USD, USDC, or any supported crypto on Coinbase. There is also a 1% penalty when you withdraw above your maximum limit. Although crypto rewards can reach as high as 4% on eligible purchases, that 2.5% transaction fee could leave you with only 1.5% gains. Still, customers remain generally happy with the credit card and appreciate the additional security and convenience features this card has to offer.
The Wirex card offers international spending power without the steep exchange fees. In addition to free international ATM withdrawals, this card is compatible with more than 150 currencies and is accepted at more than 80 million outlets across the globe, including online and in-store merchants.
Wirex uses staked tokens called WXT to fund your account and provide access to benefits. Wirex also introduces a new kind of rewards system called Cryptoback that gives you up to 8% back in X-Points rewards -- based on your plan -- for eligible in-store or online purchases. If you refer new members, Wirex offers up to 1000 WXT in rewards. That is in addition to the standard 2% back on eligible in-store purchases.
The Cryptoback program is a 12-month subscription service. Depending on the price plan cardholders choose, the card will earn 2% to 8% back in X-Points for purchases. X-Points can be exchange for cryptocurrency. To earn 2% is free, 4% will cost $10 a month or $102 annually. To earn 8% back cardholders will need to pay $30 monthly or $306 annually.
Wirex features a straightforward fee schedule with no annual fee. However, there is a transaction fee of 2.5% that can eat into your total rewards. There are no fees for fiat-to-fiat exchanges, and there are 18 currencies that all enjoy exclusive over-the-counter or interbank rates. You will pay a 1% fee to fund your account with cryptocurrencies.
Wirex also has its own app, allowing you to set instant alerts, track your spending, and maintain a budget. It is an easy and more affordable way to switch from one currency to another while you are traveling, allowing for more streamlined global purchases, no matter where you are in the world.
The BlockFi Rewards Visa Signature is a card that allows users to accumulate interest based on Bitcoin holdings. Here, cryptocurrency is the default rewards structure for your BlockFi card. Rewards include 1.5% back on purchases, paid out in one of several crypto assets and held within your BlockFi account. You can use your card anywhere Visa is accepted for greater spending power, and there are no foreign transaction fees when you are traveling.
In fact, there are no transaction fees at all, saving you precious rewards. Plus, there's a welcome bonus of 3.5% back in BTC for every purchase for the first three months, with a max earning of $100 in BTC. Cardholders can also enjoy an upgraded 2% rewards structure when they spend more than $30,000 each year. If you refer a friend, that is an additional $30 in Bitcoin rewards. Cardholders will even earn 0.25% back in crypto for eligible trades, up to $500 in BTC per month.
Similar to a traditional credit card, the BlockFi card does have a credit limit. There is no annual fee with a straightforward reward structure to help you earn. Many cardholders appreciate the fact that there is no sliding scale or complicated rewards structure to track in order to receive their earnings. With its Visa insignia, it is a card that acts like a traditional credit card with all the modern benefits of cryptocurrency.
Today, there is an increasing number of companies entering the cryptocurrency space. With cryptocurrency a newer concept overall, it can easily invite a lot of confusion as to which company is the best.
To find the best crypto credit cards for rewards in 2022, we considered a number of factors:
When you are shopping for a new crypto credit card, you will quickly find that each card can differ significantly from the next.
To help you find the right crypto credit card that meets your needs, there are a few factors to consider:
Crypto rewards credit cards use digital currency known as cryptocurrency to withdraw cash and make purchases at both in-person and online retailers. Crypto cards can be similar to traditional credit cards in that funds can be sourced from a line of credit, or you can link to a digital wallet.
You can apply for a crypto card from a cryptocurrency exchange, although some cards may be waitlisted. An account and a digital wallet are typically required to get started, and some fees may apply.
Crypto cards feature partnerships with major credit card networks like Visa or Mastercard. That means you can use your crypto rewards card anywhere that Visa or Mastercard is accepted.
These four best crypto cards are far from the only options available in today's market.
Other options for your crypto rewards credit card include these:
No matter which card you choose, you should always carefully read the terms and conditions to ensure that you find the best crypto credit card for rewards that works for your spending needs.