Overview
The BlockFi Rewards Visa® Signature Credit Card offers a unique opportunity to earn cryptocurrency rewards on everyday purchases. With no annual fee and no foreign transaction fees, this sleek metal card appeals to crypto enthusiasts and beginners alike by providing a low-risk entry into the volatile crypto market.
Key Features
- Rewards Rate: 1.5% back in crypto on all purchases, increasing to 2% after spending $30,000 annually.
- Redemption Options: Convert rewards into Bitcoin, Ethereum, stablecoins, or other supported cryptocurrencies.
- Additional Perks: 0.25% trading bonus on eligible crypto trades (up to $500/month).
Pros and Cons
✅ Advantages
- Crypto-Focused Rewards: Earn digital assets without direct investment.
- Stablecoin Options: Redeem rewards into less volatile cryptocurrencies.
- Global Usability: Accepted anywhere Visa is used.
❌ Drawbacks
- High Spending Threshold: Requires $30K/year to unlock 2% rewards.
- Limited Crypto Selection: Only 15 supported cryptocurrencies.
- No Traditional Redemptions: Cannot use rewards to pay down balances.
- Exclusions: Not available to New York residents.
Rewards Breakdown
How It Works
- Earning: 1.5% crypto back on all purchases (2% after $30K/year).
- Redemption: Rewards deposit monthly into your BlockFi Wallet.
- Flexibility: Choose from Bitcoin, Ethereum, Litecoin, or stablecoins like USDC.
Example Calculation
- Spend $100 → Earn $1.50 in crypto (1.5%) or $2 (2%).
- Note: Crypto values fluctuate daily.
FAQs
1. Is the BlockFi card good for beginners?
Yes! It’s a low-risk way to explore crypto without buying assets outright.
2. Can I redeem rewards for cash?
No—rewards are crypto-only. Stablecoins offer price stability similar to cash.
3. What’s the APR?
16.49%–26.49% (variable). Always pay balances in full to avoid interest.
4. Are there sign-up bonuses?
Currently, no. Earlier offers included 3.5% back for the first 90 days.
5. How does BlockFi compare to Gemini’s card?
Gemini offers more crypto options (50+) and real-time rewards but fewer stablecoins.
Final Verdict
The BlockFi Rewards Card is ideal for crypto-curious spenders who want to passively accumulate digital assets. However, traditional cash-back cards like the Wells Fargo Active Cash® Card (2% flat rate) may suit those prioritizing flexibility.
Pair this card with a grocery/dining rewards card (e.g., Blue Cash Preferred®) to maximize earnings.
👉 Learn more about crypto rewards
Rates & Fees
- Annual Fee: $0
- Foreign Transaction Fee: $0
- Late Fee: Up to $25
Always review terms for current rates.