Cryptocurrency credit cards are quickly becoming the hottest new trend in the credit card market, and with good reason. After all, who wouldn’t want to get paid in cryptocurrency (or in cash) just for using their credit card like normal? It almost sounds too good to be true, but it’s not. So this article will tell you everything you need to know.
The annual fee is an important consideration when choosing a credit card. If you don’t plan to use a credit card regularly, it might not be worth paying an annual fee. But if you often travel or spend heavily in one category, like restaurants or gas, then a credit card with crypto rewards with a yearly fee can save you money.
When selecting a credit card, you should also consider whether or not you will pay an annual fee. For example, some cards charge fees as high as $500 per year. If you don’t plan to use your card regularly, it might not be worth paying an annual reward fee.
Sign Up Bonus
The Coinbase Card offers a $10 bonus when you spend $100 in crypto or if you have over $10,000 invested in crypto on Coinbase. According to the experts at SoFi, there’s also a 1% cash back rewards program for everything else. And sign-up bonuses are great, but not everyone has $10,000 invested in crypto.
But there’s another way to get free crypto, and it’s as simple as signing up for a rewards credit card that earns points you can redeem for a wide variety of rewards. Those are our top picks for credit cards with crypto rewards.
If you’re looking to earn rewards with a crypto credit card, you can take two main approaches. First, you can choose a card that earns you cash back on your purchases or one that gives you points that you can redeem for travel and other perks
You can also choose a card that gives you rewards in a specific cryptocurrency, such as Bitcoin or Ethereum. However, it’s important to remember that most of these cards have high annual fees and charge hefty foreign transaction fees.
The rewards or points that come with crypto credit cards can be redeemed in several ways. The primary options are cash back and travel. For example, you can use cash back rewards to pay off your card balance directly or transfer it to an existing bank account. You must first convert travel rewards into airline miles, hotel points, or similar loyalty programs before you can use them for flights and hotels.
Crypto credit cards typically offer additional perks beyond rewards, such as travel insurance, price protection, and auto rental collision damage coverage. However, you should always read your card’s terms to confirm that you receive all its benefits.
The best crypto credit cards reward you for everyday spending by issuing points or cash back. To earn these rewards, however, you need to remember to pay off your balance in full every month to avoid interest and fees.