blockfi bitcoin credit card

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BITCOIN -0.80% 0.02015

What is BlockFi's bitcoin rewards credit card?

BlockFi, a cryptocurrency-based lender, says it will launch its Bitcoin Rewards Visa Credit Card, the first credit card to offer rewards in bitcoin, in early 2021. Cardholders will earn 1.5% back on each purchase, all in the form of bitcoin. The waitlist for the card is already open to BlockFi account holders and will open to the public in January.

How does the BlockFi card work?

The card earns 1.5% rewards on all payments which are converted to one of several types of crypto, including Bitcoin, Ethereal, Litecoin and others that you choose in your BlockFi account monthly. The card functions like a cash-back card that is automatically used to purchase crypto every month.

What is the first Visa credit card with Bitcoin rewards?

Incredibly excited to work with Blockfi to bring to market the first Visa credit card with bitcoin rewards. Another company that is working with Visa to launch a bitcoin rewards card is Fold, which advertises its Fold Card as “the first bitcoin rewards card.” The card is currently in beta and interested users can join its waitlist.

Are stablecoins included in the BlockFi credit card bonus?

Stablecoins are excluded from this bonus. The BlockFi credit card comes with a $200 annual fee. Outstanding balances are liable to be charged a variable interest rate between 14.99% and 22.99%, which is pretty standard for most credit cards. The BlockFi credit card offers some unique bonuses and some require using the BlockFi Interest Account.