Need a hand maximizing your crypto cash-back? Having the best crypto credit card available can help you get more bang for your buck and grow your cryptocurrency holdings.
In the dynamic landscape of digital currencies, crypto credit cards have emerged as a game-changer. They’re not just a way to spend your hard-earned crypto; they’re a ticket to a new world of rewards and benefits.
But with so many options, how do you know which card fits you best? Fear not; we’ve got you covered. This comprehensive guide will explore the best crypto credit cards, compare the top contenders, and help you make an informed decision.
What Is a Crypto Credit Card?
If you’re new to the crypto market, you might wonder, “What exactly is a crypto credit card?” Well, you’re not alone, and I’m here to guide you through it.
A crypto credit card is a credit or debit card you can use to spend cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) in the same way that you’d drop fiat currency in a restaurant or retail store. That’s right; your favorite digital currency can be used to pay for anything from your morning coffee to flights to a tropical paradise.
But that’s just the tip of the iceberg. The best crypto credit cards also help you earn rewards in cryptocurrency instead of traditional rewards like cash back or airline miles. It’s a fantastic tool for anyone looking to dip their toes into digital currencies without the risk of buying them outright.
Simply put, a crypto credit card is your everyday card with a crypto twist. It bridges the traditional financial world and the exciting new digital currencies and blockchain technology realm. Whether you’re a seasoned crypto enthusiast or a curious newcomer, a crypto credit card helps you to make the most of your digital assets.
Why Should I Use a Cryptocurrency Credit Card?
If you’re interested in cryptocurrencies but haven’t taken the plunge yet, a crypto credit card is a low-risk way of getting some skin in the game. Thanks to your new card’s crypto rewards program, you’ll gradually build up a stash of digital currency without investing large sums of money upfront.
Moreover, crypto credit cards often offer unique rewards and benefits that traditional credit cards don’t. For instance, you might earn a higher percentage in crypto than cash back with a regular credit card. Some cards boast extra perks like free access to cryptocurrency trading platforms or discounts on crypto transactions.
What Makes a Good Crypto Debit Card?
Now that we’ve piqued your interest in crypto credit cards, you might wonder: “What should I look for in a good crypto debit card?”
First and foremost, a good crypto debit card should offer competitive rewards. This could be a high percentage back in cryptocurrency on eligible purchases or unique perks like access to premium features on a crypto exchange. Finding a card that aligns with your spending habits and crypto goals is key. There’s no point earning Bitcoin rewards if you only want to HODL Ethereum.
Crypto debit cards should have reasonable fees. Like traditional credit cards, some crypto cards may charge annual fees, ATM withdrawal fees, or other costs. Always read the fine print and understand what you’re signing up for. Be aware that some card issuers might offer a ‘No Fees’ sign-up bonus but enforce higher fees later.
As always in the crypto space, it’s crucial to consider the card’s security features. Features like two-factor authentication, encryption, and real-time transaction alerts are essential to protecting your digital wealth.
It seems obvious, but you must consider the card’s usability. Do merchants widely accept it? Does it allow you to spend your crypto directly, or must you convert it to fiat currency first? Can you easily manage your account and track your rewards through a simple app? These are essential questions that every cardholder needs to ask.
Best Crypto Credit Cards
Now that we’ve covered the basics, let’s dive into the heart of the matter: What are the best crypto credit cards on the market?
And no, it’s not BlockFi.
These crypto reward credit cards have been handpicked based on their cash back, fees, security features, and overall value proposition. Whether you’re an absolute beginner or a seasoned crypto veteran, there’s something here for everyone.
Remember, the best card for you will depend on your individual needs and circumstances. Take a moment to consider what you’re looking for in a card, and let’s find your perfect match!
1. Coinbase Card
If you’re a fan of simplicity and convenience, the Coinbase card is your new best friend. Brian Armstrong’s sleek and stylish offering is a Visa debit card that allows you to spend any of the cryptocurrencies in your Coinbase account.
But the perks don’t stop there. With the Coinbase Card, you’ll earn up to 4% back in crypto rewards on eligible purchases. Available with both physical and virtual cards, it comes with a helpful, user-friendly app that lets you easily manage your account and rewards.
The Coinbase Card does come with some fees, including transaction fees and a crypto liquidation fee. However, if you’re a regular Coinbase user looking to earn extra cryptocurrency on your everyday spending, this rewards Visa card could be a great fit.
Visit Coinbase to sign up for the Coinbase Card.
- Funded by your Coinbase balance.
- Accepted at over 40M merchants worldwide.
- Physical and virtual cards.
- Convenient supporting app.
2. Nexo Crypto Card
Stepping away from crypto exchanges, take a look at the Nexo Crypto Card. This card is for those who want to integrate their crypto and traditional financial lives seamlessly.
The Nexo Crypto Card is a Mastercard debit card that allows you to spend the value of your crypto assets without selling them. You’re essentially borrowing against the value of your portfolio and settling the bill later. To make things easier, credit line interest rates start from 0%.
This means you can keep your crypto invested and growing while enjoying the spending power you need for everyday expenses. The best part is you avoid paying taxes on purchases because you’re technically paying in fiat currency!
With the Nexo Crypto Card, you’ll earn up to 2% cashback in Bitcoin or NEXO tokens on all purchases. What’s more, the card offers flexible repayment options and no monthly or annual fees, making it a cost-effective choice.
The Nexo Crypto Card also stands out for its user-friendly app, which allows you to manage your account, make payments, and easily track your cashback rewards.
Visit Nexo to sign up for the Nexo Card.
- Up to 2% cash back paid in crypto rewards.
- Borrow against your holdings for payments.
- Simple mobile application.
- Integrates with Google Pay and Apple Pay.
3. Crypto.com Visa Card
For supercharged crypto rewards, look no further than the Crypto.com Visa Card. This card is a real heavyweight in crypto credit cards, offering a range of benefits that can make any crypto enthusiast swoon.
The Crypto.com Visa Card is more than just a debit card. It’s a ticket to a comprehensive crypto ecosystem. Benefits are broken up into card tiers based on the number of CRO tokens you’re willing to stake.
The top tiers earn up to 5% back in crypto rewards on your spending, one of the highest rates on the market. On top of that, the card offers a range of other perks, including full reimbursement on your Spotify, Netflix, and Amazon Prime subscriptions.
If that wasn’t enough, the Crypto.com visa card comes with a sleek metal design that’s sure to turn heads and is accepted by over 60M retail vendors worldwide.
Visit Crypto.com to sign up for the Crypto.com Visa Card.
- Up to 5% crypto cashback rewards.
- Full reimbursement for subscription services.
- Accepted at over 60M merchants.
- Card tier system for top rewards.
4. Binance Credit Card
The Binance Credit Card is a Visa debit card that allows you to convert and spend your favorite cryptocurrencies at more than 60 million merchants worldwide. You can use your Bitcoin, Ethereum, Binance Coin (BNB), and other digital currencies for everyday purchases.
But the perks don’t stop there. With the Binance Credit Card, you can earn up to an industry-best 8% cashback on purchases. What’s the catch? The cashback is paid in Binance Coin (BNB), arguably more volatile than assets like BTC. Your BNB rewards can then be used on the Binance platform for discounted trading fees or held as an investment.
One of the key benefits of the Binance Credit Card is its seamless integration with the Binance platform. You can manage your card and crypto investments in one place, making for a convenient and streamlined user experience.
The Binance crypto rewards Credit Card should tick all your boxes for fans of the world’s largest crypto exchange. If you’re a user of the Binance platform, this card could be a perfect addition to your crypto toolkit.
Visit Binance to sign up for the Binance Card.
- Up to 8% cash back rewards, paid in BNB Coin.
- Integrates with the Binance crypto exchange.
- Spend your crypto at 60M global retailers.
- User-friendly app.
5. Gemini Credit Card
The Gemini Credit Card offers up to 3% back in Bitcoin or other crypto on every purchase. One of the key benefits of the Gemini Credit Card is that rewards are available in more than 40 other cryptocurrencies. This means you can diversify your crypto portfolio while doing your regular shopping.
Gemini is one of the most respected cryptocurrency exchanges in the industry, adding an additional layer of trust and security.
The Gemini Credit Card has no annual fee and offers real-time rewards. This means your crypto rewards are deposited into your Gemini account once your transaction clears. No waiting, no fuss.
Visit Gemini to sign up for the Gemini Card.
- Integrates with Gemini exchange.
- Up to 3% crypto rewards.
- No annual fees.
6. Venmo Credit Card
Last but certainly not least, we have the Venmo Credit Card. The Venmo Credit Card breaks the mold of this list because the financial startup isn’t a crypto company. Instead, it’s a traditional payment platform that offers bank accounts and crypto rewards.
The Venmo Credit Card offers a tiered cash-back rewards system, with different rewards being allocated to different spending categories, like eating out or shopping. Through Venmo’s Cash Back to Crypto rewards program, Venmo cardholders purchase cryptos like Bitcoin using their fiat currency cashback.
The Venmo Credit Card has no annual fee, and the auto-purchase feature can be turned off anytime. This is the perfect crypto card for newcomers who don’t want to dive headfirst into the world of crypto exchanges but still want some market exposure.
Visit Venmo to sign up for the Venmo Card.
- Traditional financial company offering crypto services.
- Up to 3% cash back in crypto rewards.
- No annual fees.
- Good for absolute beginners.
Pros and Cons of Crypto Credit Cards
Now that we’ve explored some of the top crypto credit cards on the market let’s take a step back and consider the bigger picture. Like any financial product, crypto credit cards have their pros and cons.
- Earn Crypto Rewards – This is obvious; who doesn’t love free crypto rewards?
- Crypto Market Exposure – Crypto credit cards can provide a low-risk way to dip your toes into digital currencies.
- Additional Perks – Crypto credit cards offer unique benefits that traditional credit cards can’t match, like higher rewards rates and access to premium features on crypto trading platforms.
- Crypto Exchange Integration – Most crypto credit cards are integrated with cryptocurrency trading platforms, making it easy to manage your card and your crypto investments in one place.
- Fees – Some crypto credit cards come with high fees, including annual fees, transaction fees, and crypto conversion fees. It’s important to read the fine print and understand what you’re signing up for.
- Limited Usability – While crypto credit cards are becoming more widely accepted, they’re still not on the same level as traditional credit cards.
On the Flipside
- To earn a significant amount of crypto rewards using a crypto credit card, you need to already be spending a lot of money or heavily invested in cryptocurrency. For example, to access the top rewards tier with the Crypto.com card, you need to have stake over $300,000 USD worth of CRO.
Why This Matters
Crypto credit cards are a crucial step towards mass adoption and counter the common argument that cryptocurrency has no tangible value or utility in the real world.
Crypto credit cards are generally issued by crypto exchanges in conjunction with providers like Visa and Mastercard.
Crypto cards allow you to spend your cryptocurrency in the same way you use fiat currency and earn crypto rewards in the process.
Yes, you can withdraw money from an ATM using most crypto cards.