Author: Dennis King
You’ve probably heard of cryptocurrency. But have you ever heard of crypto credit cards?
In this article, we’ll introduce you to the best crypto credit cards on the market today.
Crypto credit cards are just like regular credit cards, but they’re linked to your cryptocurrency wallet instead of a bank account. This means that you can use your crypto credit card to make purchases anywhere that accepts Visa or MasterCard.
Overview of Crypto Credit Cards
A crypto credit card is a credit card with crypto rewards that enable users to make purchases using regular fiat money and receive rewards in cryptocurrency.
The ability to earn rewards in variety of ways is the primary benefit of the crypto credit card.
Most traditional credit cards only let you collect rewards in the form of cashback, discounts, or travel benefits. Crypto credit cards on the other hand, let users pick exactly which cryptocurrency they want to receive in exchange for their incentives.
As a result, users can earn and spend cryptocurrency in a variety of ways, and make use of many of the advantages of a conventional bank-issued credit card.
There are a few different types of Crypto Credit Cards available on the market. However, not all of them are made equal and some offer more benefits than others. In this overview, we will take a look at the best Crypto Credit Cards available.
Best Crypto Credit Cards
Do you want to use your crypto assets to pay for everyday purchases? Well, a crypto credit card is just what you need.
Crypto credit cards are essentially traditional credit cards that accept cryptocurrencies as payment.
1. BlockFi Rewards Visa Signature Credit Card
BlockFi Rewards Visa Signature Credit Card is one of the first credit cards to make traction. It provides a welcome bonus and yearly spending incentives. It also provides an infinite 1.5% back on purchases.
Pros
- No annual fee
- Zero foreign transaction fees
- Earn Bitcoin rewards
Cons
- Mandatory membership
- Limited rewards redemption
2. Venmo Credit Card
Venmo may be better known to you as a payment platform, but the business also offers a credit card known as Venmo Credit Card. Venmo credit card has zero annual fees and can seamlessly earn cashback rewards, and sync with the Venmo app.
Pros
- No annual fee
- No earnings cap
- You can earn up to 3% of cash back
Cons
- There is no welcome bonus
3. SoFi Credit Card
SoFi Credit Card offers a distinctive welcome bonus, substantial cash back, and a special benefit that lowers your APR after one year of on-time payments. But there are limitations on how to redeem awards.
Pros
- No annual fee
- Competitive rewards for purchases
- MasterCard benefits
- APR may be reduced with timely payments.
Cons
- No welcome APR offers
- Limits on redeeming rewards
4. Crypto.com Card
This prepaid debit card offers several valuable benefits for both crypto fans and non-fans. However, you must stake some money to enjoy the best perks.
Pros
- Access to airport lounges
- Crypto rewards
- Allows you to use your cryptocurrency
- There are no recurring or annual fees.
Cons
- Most benefits necessitate staking.
- No welcome bonus
- Crypto Volatility
- Limitations on rewards
Benefits of Crypto Credit Cards
There are a few benefits of crypto credit cards that make them so appealing. Perhaps the biggest one is that you can use them to spend your crypto assets anywhere credit cards are accepted.
This includes brick-and-mortar stores and online retailers.
Another big benefit is that you can also withdraw cash from ATMs using your crypto credit card. This can be a lifesaver if you need cash in a hurry, but don’t want to sell your crypto assets at a loss. Plus, you can use your crypto credit card to pay for things like rent, utilities, and groceries.
Ultimately, crypto credit cards offer a way to bridge the gap between your crypto assets and everyday life. They make it easy to use your crypto assets for anything you need, without having to worry about converting them into fiat currency.
How to Choose the Best Crypto Credit Card?
Choosing the best crypto credit card for your needs can seem like a daunting task. There are so many factors to consider, from reward programs to annual fees to interest rates. But don’t worry, you can narrow down the search by considering these key criteria.
- Credit limit: Make sure you look at the credit limits offered and pick one that fits your needs. Also, look into any deposit requirements or minimum spending requirements that might influence your decision.
- Rewards: Many crypto credit cards offer rewards programs that allow you to accumulate points and redeem them for cash back, travel miles, or discounts on purchases. Take the time to compare the different rewards programs and decide which one fits your lifestyle.
- Fees & Interest: It’s important to be aware of any annual fees, and other associated costs, as well as interest rates charged on purchases and balance transfers. You should look for a card with low rates so that you don’t end up paying more than necessary over time.
By taking the time to carefully compare different options, you should be able to find a crypto credit card that fits your needs perfectly.
Conclusion
There’s no denying that crypto credit cards have a lot of advantages. They are convenient, they offer great rewards, and they can help you manage your finances better.
However, there are also some downsides to using crypto credit cards. For one, they’re still not widely accepted, so you might not be able to use them everywhere you want to. Additionally, they can be a bit more expensive than traditional credit cards.
