Integration of crypto credit cards to earn rewards

If you believe that cryptocurrency is a good long-term investment, you might consider adding crypto credit cards to your wallet.

A growing number of companies are working to offer cryptocurrency rewards to crypto enthusiasts who want to participate in the digital currency economy.

Of course, this particular type of reward money is not for everyone. It is important to be aware of your risk tolerance for potential market volatility. If you’re new to crypto, check out our complete guide to getting crypto cash on credit cards.

Note that there is no official Bitcoin credit card or Ethereum credit card, but you can earn those or other cryptocurrencies with any of the cards mentioned in this guide.

At TPG, we’re big fans of cards that earn rewards on every purchase — whether it’s cash back, airline miles or transferable points you can spend on travel. Crypto payment cards may appeal to those who have faith in the future of the various currencies that exist.

However, it is important to note that the value of any cryptocurrency, including Bitcoin or Ethereum, can go up constantly and quickly or go down at any time. Therefore, you will want to seriously consider whether or not the risk is worth it before deciding to apply for one of these crypto credit cards.

Keeping the above in mind, these are some of the most popular cards that earn crypto money.

Related: What you need to know about getting crypto on your credit cards

Gemini Credit Card

The Gemini Credit Card* is a MasterCard product with no annual fee. The card earns 4% back on gas and EV charges (up to $200 per month, then 1%), 3% back on food, 2% back on groceries and 1% back everywhere. You can choose to use the rewards as any of the more than 50 cryptocurrencies available on Gemini.

Some of the biggest cryptocurrencies in the Gemini credit card rewards program include Bitcoin, Ethereum, Filecoin, Zcash, Bitcoin Cash, Litecoin, Dogecoin, Tezos, Solana and Polkadot. You can also earn money with stablecoins like USD Coin and Gemini dollar.

This card is a popular choice for cryptocurrency rewards due to its low fees, high reward rates and beginner-friendliness.

Crypto.com Visa Card

The Crypto.com Visa Card* is an annual fee card from one of the most popular cryptocurrencies in the United States. (This is due in part to a major ad campaign with Matt Damon and the naming rights to the Crypto.com Arena, formerly the Staples Center in Los Angeles, California.)

The Crypto.com card is more complicated, with five categories and different rewards depending on your cryptocurrency balance.

The basic Midnight Blue tier requires no crypto holdings and offers no rewards. With $400 or more in Cronos currency (CRO), a native currency created by Crypto.com, you can earn 1% to 5% back on regular purchases, depending on your category.

Other benefits that come with the top tiers include 100% cash back on Spotify, Netflix and Amazon Prime subscriptions, merchant offers through Expedia and Airbnb and airport lounge access. However, those high benefits require holding a total of $400,000 in CRO, which is more than most people could afford or consider.

Venmo Credit Card

The Venmo Credit Card* offers rewards in many forms, including cryptocurrency. Users can select a preferred cryptocurrency to receive monthly rewards, which are automatically applied.

The Venmo card has no annual fee and offers cash back rewards of 3% on your top spend category during each statement, 2% on your second biggest spend category and 1% on everything else.

Venmo only supports a limited range of currencies: Bitcoin, Ethereum, Bitcoin Cash and Litecoin, as well as PayPal’s stablecoin, PayPal USD. Venmo cryptocurrency transactions are done in partnership with Paxos, which charges a fee as the difference between the buy and sell prices, known as the spread.

The card is issued in partnership with Synchrony Bank.

Crypto credit cards have been discontinued

Since crypto credit cards started gaining traction years ago, some momentum has waned as some cards have gradually shut down operations or closed their relationships with cryptocurrencies.

The BlockFi Rewards* Visa Signature Card, which earned rewards transferable to multiple cryptocurrencies, is no longer available to new applicants. The Bitcoin Rewards Visa Credit Card* used to offer Bitcoin rewards on every purchase, but it no longer accepts applications either.

SoFi, meanwhile, stopped offering the option to convert SoFi Credit Card* rewards to crypto in 2023.

*Information for Gemini Credit Card, Crypto.com Visa Card, Venmo Credit Card, BlockFi Rewards Visa Signature Card, Bitcoin Rewards Visa Credit Card and SoFi Credit Card was independently collected by The Points Guy . The card information on this page has not been updated or provided by the card issuer.

Bottom line

If you’re interested in earning crypto, research the supported currencies, annual fees and earning rates associated with the cards you’re considering. Keep in mind that cryptocurrencies have different risks, so there is a chance that your rewards could be very small in the long run.

Also, there is evidence that the momentum of cryptocurrency has decreased, so a crypto credit card may not be the best option to get rewards on your purchases. If you’re not into crypto or prefer to earn rewards like points, cash back or miles, check out our list of the best credit cards to find the card that best suits your needs.

Related: The best rewards credit cards