BlockFi To Launch Bitcoin Earning Credit Card ($200 Annual Fee, 1.5% Cashback On All Purchases)

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Update 2/25/21: BlockFi has added some additional card benefits:

  • 3.5% bitcoin rewards on all purchases in months 4-6 of card ownership, up to $100 in bitcoin
  • 2% extra APY on your average daily stablecoin balance, paid in bitcoin, up to $200
  • 0.25% back in bitcoin for eligible trades on BlockFi, up to a maximum of $500 in bitcoin each month
  • $30 in bitcoin for every client referral, on top of the base Refer-a-Friend program

Hat tip to reader Vasily K

BlockFi has announced it will be launching a bitcoin (BTC) earning credit card in 2021 (waitlist currently available). Here’s what you need to know about this card:

  • $250 in BTC sign up bonus when you spend $3,000 or more within the first three months
  • Annual fee of $200 not waived first year
  • 1.5% in BTC back on all purchases

Honestly this card is useless, the sign up bonus is basically $50 once you pay the annual fee and there are really no benefits to having the card that justify that annual fee. Might as well get a card with a big sign up bonus or high earning rate and then just convert it into BTC yourself.





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