If you think cryptocurrencies are a good long-term investment, you might consider adding crypto credit cards to your wallet.
An increasing number of companies are working to offer cryptocurrency rewards to cryptocurrency enthusiasts who want to participate in the digital currency economy.
Of course, this particular type of reward currency is not for everyone. It is important to consider your risk tolerance for possible market volatility. If you’re a total newbie to crypto, check out our full introduction guide to earn cryptocurrency with credit cards.
Please note that there is no official Bitcoin credit card or Ethereum credit card, but you may be able to earn those or other cryptocurrencies with any of the cards mentioned in this guide.
At TPG, we’re certainly fans of cards that earn rewards with every purchase, whether in the form of cash back, airline miles, or transferable points to use on travel. Cards that generate cryptocurrencies can attract those who have faith in the future of the different currencies that exist.
However, it is important to note that the value of any cryptocurrency, including Bitcoin or Ethereum, could increase or decrease frequently and rapidly at any time. Therefore, you’ll want to seriously consider whether or not it’s worth the risk before you decide to apply for one of these crypto credit cards.
With the above in mind, these are some of the most popular cards that generate cryptocurrency.
Related: What you need to know about how to earn cryptocurrency with your credit cards
Gemini credit card
The Gemini credit card* is a Mastercard branded product with no annual fee. The card offers 4% back on gas and EV charging (up to $200 per month, then 1%), 3% back on dining, 2% back on groceries, and 1% back on everything else place. You can choose to redeem rewards in any of the 50+ cryptocurrencies available on Gemini.
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Some of the top cryptocurrencies in the Gemini credit card rewards program include Bitcoin, Ethereum, Filecoin, Zcash, Bitcoin Cash, Litecoin, Dogecoin, Tezos, Solana, and Polkadot. You can also cash out with stablecoins like USD Coin and Gemini dollar.
This card is a popular choice for cryptocurrency rewards due to its low costs, higher rewards earning rates, and being beginner-friendly.
Crypto.com Visa Card
The Crypto.com Visa Card* is a no-annual-fee card from one of the best-known cryptocurrency exchanges in the United States. (This is due in part to a major advertising campaign with Matt Damon and the purchase of naming rights to the Crypto.com Arena, formerly known as Staples Center in Los Angeles, California.)
The Crypto.com card is a little more complex, with five tiers and different rewards depending on your cryptocurrency balances.
The base Midnight Blue tier does not require cryptocurrency holdings and does not offer rewards. With $400 or more in Cronos Coin (CRO), the native currency created by Crypto.com, you can earn back between 1% and 5% of your regular purchases, depending on your tier.
Other benefits that come with higher tiers include up to 100% cash back on Spotify, Netflix, and Amazon Prime subscriptions, business offers with Expedia and Airbnb, and free access to airport lounges. However, those core benefits require having a whopping $400,000 in CRO, far more than most people could afford or consider.
Venmo Credit Card
The Venmo credit card* offers rewards in multiple forms, including cryptocurrency. Users can choose a preferred cryptocurrency to earn monthly rewards, which are automatically redeemed.
The Venmo card has no annual fee and offers up to 3% cash back rewards on your top category for each statement period, 2% on your second-largest spending category, and 1% on everything else .
Venmo only supports a small variety of currencies: Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, as well as PayPal’s stablecoin, PayPal USD. Venmo cryptocurrency transactions are made through a partnership with Paxos, which charges a fee as the difference between the buying and selling prices, known as the spread.
The card is issued in partnership with Synchrony Bank.
Discontinued Crypto Credit Cards
Since crypto credit cards started gaining traction years ago, some of the momentum has slowed as certain cards gradually shut down operations or closed their crypto relationships.
The BlockFi Rewards Visa Signature Card*, which earned rewards that could be transferred to multiple cryptocurrencies, is no longer available to new applicants. The Visa Upgrade Bitcoin Rewards* credit card offered Bitcoin rewards on every purchase, but it also does not accept applications.
Meanwhile, SoFi stopped offering the option to convert SoFi* credit card rewards into cryptocurrency in 2023.
*Information for 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 collected independent by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
In a nutshell
If you’re interested in earning cryptocurrency, research the supported currencies, annual fees, and earning rates associated with the cards you’re considering. Remember that Cryptocurrencies carry unique risks.so there is a chance that your rewards will be worth less and less over time.
Additionally, there is evidence that the momentum around cryptocurrencies has slowed, so a crypto credit card may not be the best option out there to earn rewards on your purchases. If you’re not into cryptocurrencies or prefer to earn reward currencies like points, cash back, or miles, check out our list of best credit cards to find a card that best suits your needs.
Related: The best rewards credit cards.
