7 Credit Cards With Crypto Rewards – NerdWallet

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Among rewards credit cards, the most common incentives remain cash back, points and miles. But credit cards that earn crypto are beginning to crop up everywhere.
These products allow you to either earn cryptocurrency directly through your spending or convert rewards into cryptocurrency.
Whether you want to join the crypto bandwagon or just add to your growing stash, earning crypto rewards with credit card spending can be a low-risk way to do that. Here are credit cards with crypto rewards that are currently available or coming soon.
» MORE: Should you get a crypto-earning rewards credit card?
BlockFi Rewards Visa® Signature Credit Card
Upgrade Bitcoin Rewards Visa® Credit Card
SoFi Credit Card
Brex Card
Venmo Credit Card
Gemini Credit Card
Unifimoney Visa Credit Card
» MORE: Can you buy crypto with a credit card?
Rewards: 3.5% rewards rate for the first 90 days. After that, 1.5% cash back on purchases, which is then converted into cryptocurrency and held in cardholders’ BlockFi account. Cardholders will earn a 2% rewards rate on spending over $50,000 each year. Cardholders can choose from among about a dozen currencies, including Bitcoin, Ether, Litecoin and multiple stablecoin options. You can change your rewards option once a month.
Sign-up bonus: N/A
Annual fee: $0.
The BlockFi Rewards Visa® Signature Credit Card, which debuted in summer 2021, earns crypto as its default rewards option, so it's seamless. To get approved for the card, you'll need good or excellent credit (FICO scores of 690 or higher).
» MORE: Review of the BlockFi Rewards Visa® Signature Credit Card
Rewards: 1.5% back on all purchases in the form of bitcoin.
Sign-up bonus: N/A.
Annual fee: $0.
With the Upgrade Bitcoin Rewards Visa® Credit Card, you'll earn an unlimited 1.5% back in bitcoin, but you won't receive the rewards until you pay off your purchases on the card. As you make payments on your purchases, bitcoin will be purchased on your behalf and held in a wallet provided by NYDIG, a custody and trading platform. You can sell your bitcoin, after a 90-day holding period, and receive the proceeds in the form of a statement credit. You’ll have to pay a 1.5% transaction fee when you sell your bitcoin.
» MORE: Review of the Upgrade Bitcoin Rewards Visa® Credit Card
Rewards: 2 SoFi Rewards points per $1 spent on all purchases.
Sign-up bonus: Earn up to $100 when you open and fund a SoFi Checking and Savings and a SoFi Invest account after getting approved for the SoFi Credit Card (See Terms).
Annual fee: $0.
The SoFi Credit Card earns 2 points per $1 spent. You can redeem those points at a value of 1 cent each when you deposit them into an eligible SoFi account, including a SoFi crypto account. (Direct statement credit is also an option, but points are worth only 0.5 cent each when redeemed that way.) Currently, Bitcoin and Ethereum are the only cryptocurrency redemption options. And as of this writing, crypto redemption isn't available to residents of Hawaii, Nevada or West Virginia.
» MORE: Review of the SoFi Credit Card
Rewards: The Brex Card baseline rate is 1 point per $1 spent. But if you make it your only company card, you'll earn higher rates through its Exclusive rewards program:
7 points per dollar spent on rideshares and taxis.
4 points per dollar on travel booked through the Brex portal.
3 points per dollar on restaurants.
3 points per dollar on Apple products purchased through the Brex dashboard.
2 points per dollar on recurring software expenses.
1 point per dollar on all other purchases.
Sign-up bonus: Get 10,000 points when you spend your first $1,000 on your Brex card, another 10,000 when you spend $3,000 in 3 months on your card, and 20,000 more when you link payroll to your Brex account.
Annual fee: $0.
The Brex Card, which is targeted toward startups, recently added a new redemption option: As of May 12, 2021, cardholders can redeem their Brex rewards for cryptocurrency; specifically, for Bitcoin and Ethereum. The company calls it the first crypto rewards program for businesses. It's worth noting the redemption ratio: 100 points earns 70 cents worth of crypto, for a 0.7 cent value per point. The crypto rewards will be exchanged through Coinbase, a cryptocurrency exchange platform. Cardholders can also redeem points for statement credit, gift cards or travel.
» MORE: Review of the Brex Card
3% cash back in your top spending category for the month (from one of eight possible categories).
2% back in your second-place spending category for the month (from one of the remaining seven possible categories).
1% back on all other purchases, including any purchase that doesn’t fall into one of the spending categories listed below.
Sign-up bonus: None
Annual fee: $0
Cardholders of the Venmo Credit Card can opt to automatically purchase cryptocurrency using cash-back rewards earned from their card, with a feature called Cash Back to Crypto. You can choose from four cryptocurrencies to purchase: bitcoin, ethereum, litecoin or bitcoin cash. Users will then be able to choose to sell or hold their crypto through the Venmo app.
When you opt to enable the auto-purchase feature of the Cash Back to Crypto option, you won't incur an additional transaction fee. But a cryptocurrency conversion spread will be built into each monthly transaction. That means Venmo will charge a small spread (or margin) between the crypto market price and the current exchange rate. You can change which crypto you want to purchase, and the auto-purchase feature can be turned off at any time.
» MORE: Review of the Venmo Credit Card
3% back on dining (up to $6,000 in annual spending, then 1% back).
2% back on groceries.
1% back on all other purchases.
Sign-up bonus: None.
Annual fee: $0.
Like the BlockFi Bitcoin Rewards card, the Gemini Credit Card earns crypto rewards automatically. The rewards are available in bitcoin as well as more than 50 other cryptocurrencies on Gemini, a cryptocurrency exchange. The card was announced in early 2021 but had a waitlist at the time. Now, applications are open to the public in all 50 states.
The details on this forthcoming card are still fuzzy. The company hasn’t announced the rewards rate, sign-up bonus or annual fee. Here’s what we do know: It’s expected to launch in fall 2021 in partnership with U.K.-based Railsbank. Cardholders can earn rewards in bitcoin, gold or equity investments.
The card will be available to Unifimoney customers first; you can sign up on the website.
About the author: Kimberly Palmer is a personal finance expert at NerdWallet. She has been featured on the "Today" show and in The New York Times. Read more
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