Check out some of the Gemini Credit Card’s exciting features:
- Real-time rewards: Cardholders will earn up to 3% back on qualifying purchases in bitcoin or any of the more than 30 cryptocurrencies available on Gemini Credit Card. Crypto rewards will automatically be deposited into the cardholders’ Gemini account.
- No annual fee: Earn crypto without paying a hefty annual fee.
- Security-first design: Sensitive information, like the card number, is removed and accessible to cardholders via the Gemini app, which requires two-factor authentication.
- Near-instant access: Once approved, you can access the Blockfi Credit Card and begin making purchases online, in-app, and in stores by directly adding the card to your mobile wallet through the Gemini mobile app.
- World Mastercard Benefits: You’ll have access to exclusive offers with select merchants such as DoorDash, HelloFresh, Lyft and ShopRunner, as well as through Mastercard’s Priceless Experiences. Your card will include advanced security features including Mastercard ID Theft Protection, Zero Liability, and Price Protection.
- 24/7 live customer support
The Gemini Credit Card will be available in all 50 U.S. States and will be accepted wherever Mastercard is accepted. The card will be rolled out this summer, and those on the waitlist will have first access to apply. When approved, you can earn up to 3% back on dining, 2% back on groceries, and 1% back on other purchases. You can also transfer any crypto rewards earned through the credit card directly into Gemini Earn, our new interest-earning program. If you have additional questions about the Gemini Credit Card.
While the cryptocurrency earning for the Gemini Credit Card is straightforward and user friendly, the card does have some drawbacks. As of right now Gemini has not announced any welcome bonus for the card as we wait for the card to be released. In addition, the card only has two bonus categories—dining and groceries. For groceries, you’ll get 3% back on up to $6,000 in purchases annually. Once you hit $6,000 in spend, you’ll drop down to 1% until your limit resets. You earn 1% on all other purchases but there are much better cash-back bonus category cards.
Ultimately, the Gemini Credit Card feels like it could be a solid but not spectacular crypto-earning card. If you want the convenience of your rewards going directly into crypto, this no annual fee card may be for you. However, spending on a cash-back credit card and converting that cash to the cryptocurrency of your choice might present a better value proposition overall if you’re willing to put in the extra work.
