An overview of crypto credit cards that allow you to earn rewards

If you see cryptocurrency as a valuable long-term investment, you might want to consider adding crypto credit cards to your collection.

An increasing number of companies are stepping up to provide cryptocurrency rewards for enthusiasts eager to engage in the digital currency landscape.

However, this specific type of reward currency may not suit everyone. It's essential to assess your risk tolerance regarding market volatility. If you're new to crypto, be sure to check out our comprehensive guide to earning cryptocurrency with credit cards.

Keep in mind that there isn't an official Bitcoin or Ethereum credit card, but you could earn those or other cryptocurrencies with any of the cards listed in this guide.

At TPG, we definitely support cards that offer rewards on every transaction—whether that's cash back, airline miles, or transferable points for travel. Crypto-earning cards may appeal to those who believe in the future potential of various currencies.

It's crucial to remember that the value of cryptocurrencies, including Bitcoin and Ethereum, can fluctuate significantly and rapidly. Therefore, you should carefully evaluate whether the risks align with your financial goals before applying for a crypto credit card.

With that in mind, here are some of the most sought-after cards that allow you to earn cryptocurrency.

Gemini Credit Card

The Gemini Credit Card* is a Mastercard with no annual fee. It offers 4% cash back on gas and EV charging (up to $200 per month, then 1%), 3% on dining, 2% on groceries, and 1% on all other purchases. Rewards can be redeemed in any of the 50+ cryptocurrencies available on Gemini.

Notable cryptocurrencies in the Gemini credit card rewards program include Bitcoin, Ethereum, Filecoin, Zcash, Bitcoin Cash, Litecoin, Dogecoin, Tezos, Solana, and Polkadot. You can also redeem rewards as stablecoins like USD Coin and Gemini dollar.

This card is favored for cryptocurrency rewards due to its low fees, higher earning rates, and user-friendly design, making it suitable for beginners.

Crypto.com Visa Card

The Crypto.com Visa Card* is a no-annual-fee card from one of the leading cryptocurrency exchanges in the U.S. Its popularity is partly due to a major advertising campaign featuring Matt Damon and securing naming rights for the Crypto.com Arena, previously the Staples Center in Los Angeles, California.

The Crypto.com card offers a more intricate structure, featuring five tiers with varying rewards based on your cryptocurrency holdings.

The basic Midnight Blue tier requires no cryptocurrency balance and provides no rewards. By holding $400 or more in the Cronos (CRO) currency, which is Crypto.com's native token, you can earn between 1% and 5% back on everyday purchases, depending on your tier.

Higher tiers come with additional benefits, including up to 100% cash back on Spotify, Netflix, and Amazon Prime subscriptions, exclusive offers with Expedia and Airbnb, and free access to airport lounges. However, these premium perks necessitate a staggering $400,000 in CRO, which is beyond the reach of most users.

Venmo Credit Card

The Venmo Credit Card* provides rewards in various formats, including cryptocurrency. Users can select a preferred cryptocurrency for monthly rewards, which are automatically redeemed.

There is no annual fee for the Venmo card, and it offers up to 3% cash back in your top spending category each statement period, 2% in your second category, and 1% on all other purchases.

Venmo supports a limited selection of cryptocurrencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, along with the PayPal stablecoin, PayPal USD. Cryptocurrency transactions on Venmo are facilitated through a partnership with Paxos, which applies a fee based on the difference between buying and selling prices, known as a spread.

The card is issued in collaboration with Synchrony Bank.

Discontinued crypto credit cards

As crypto credit cards gained popularity over the years, some of the momentum has waned, leading to the gradual shutdown of certain cards or the ending of their relationships with cryptocurrencies.

The BlockFi Rewards Visa Signature Card*, which allowed users to earn rewards transferable into multiple cryptocurrencies, is no longer open for new applicants. Similarly, the Upgrade Bitcoin Rewards Visa Credit Card* that offered Bitcoin rewards on every purchase is also not accepting applications now.

In 2023, SoFi discontinued the option to convert rewards from the SoFi Credit Card* into cryptocurrency.

*The information regarding the Gemini Credit Card, Crypto.com Visa Card, Venmo Credit Card, BlockFi Rewards Visa Signature Card, Upgrade Bitcoin Rewards Visa Credit Card, and SoFi Credit Card has been independently gathered by Dinogo. The details presented on this page have not been reviewed or endorsed by the card issuer.

Conclusion

If you're looking to earn cryptocurrency, it's important to research the supported currencies, annual fees, and earning rates of the cards you’re evaluating. Keep in mind that cryptocurrencies come with specific risks, which means your rewards might lose value over time.

Additionally, there are indications that enthusiasm for cryptocurrency has diminished, so a crypto credit card may not be the most advantageous option for earning rewards on your purchases. If you're not keen on crypto or would rather earn rewards like points, cash back, or miles, explore our list of the best credit cards to find one that fits your needs better.