Advertiser Disclosure

BlockFi Bitcoin Rewards Review: The Best Card So Far

3.5% cash back blockfi credit card review

On BlockFi's secure website.

Crypto Cards Rating:
Our Rating

Why we love this card:

-Huge Intro Offer: 3.5% back for 3 months
-Get 1.5% unlimited cash back in Bitcoin or dozens of other cryptos of your choice, Plus earn interest on your crypto rewards in the BlockFi App

- Luxurious, black-brushed metal design

- $0 Annual Fee

Easy Approval Process

BlockFi will show you if you're pre-approved instantly without harming your credit score. Begin by clicking "Get Started" to create your BlockFi account and see if you're approved.

BlockFi Bitcoin Rewards

The credit card for Bitcoin believers
$0 Annual Fee
  • Pick the crypto you want to earn
  • 3.5% Bitcoin Back for 3 Months
  • Earn unlimited rewards, backed by Visa®
  • See if you're Pre-Approved with no harm to your credit score.
BONUS OFFER

Details

Editorial Disclosure

BlockFi Rewards Visa®️ Credit Card Review

Who is the BlockFi Rewards Visa®️ Credit Card for?

The BlockFi Rewards Visa®️ Credit Card is for people who want to earn Bitcoin and essentially create a stream of passive income from their credit card rewards. The ability to earn 1.5% back in Bitcoin along with a 2% APY in BlockFi's ecosystem means you have the potential to earn rewards and then make interest on the rewards you've accumulated. Even though BlockFi is a newer card, it is backed by the Visa network and is accepted globally. BlockFi. The average BlockFi user accumulates around $40 in crypto per month, just for using their card on everyday expenses. Read more on how the BlockFi cash back card works.

Pros

Cons

Bitcoin Rewards

The rewards go far beyond the 3.5% and 1.5% cash back. You can earn crypto interest on your Bitcoin rewards, using a 2% APY bonus in Bitcoin on your stable coin holdings. These additional rewards are capped, so you get 2% APY bonus up to $200 a year, which means if you have more than about $10,000 in stable coin, then it doesn't really help that much. However, before you hit $10,000, or if you have $10,000, then you get an extra $200, you get about 0.25% back in Bitcoin on all eligible trades, which is icing on the cake. After your first 3 months of 3.5% cashback, you’ll continue to get 1.5% back in Bitcoin. Also, for the heavy spenders out there, if you spend over $50,000 in a year on the card, you’ll be bumped up to a 2% rewards tier.

No Annual Fee

BlockFi changed it’s initial plan and this card is launching with no annual fee. BlockFi had at one point planned to have a $200 annual fee, but by making the card free to use, it makes it one of the best crypto credit cards on the market. Along with the no annual fee, there are no foreign transaction fees. So if you're traveling to a different country or a different place, there is going to be no foreign transaction fee. Recently, my other credit card raised it's annual fee to $695 so you're getting a lot of value out of a free credit card.

Qualifying Purchases

You are automatically enrolled in the rewards account and BlockFi's interest account so you can start earning interest on your rewards.

Unboxing

Unboxing this card makes you feel like a boss. It's like unboxing $300 headphones. If you're like us, it will feel like opening a present on Christmas morning:

Cautions

Don't spend more than you can afford - a credit card isn't right for everyone. Used wisely, it's a great way to earn rewards and build your credit. The BlockFi card is only available in "qualified states". Your state might not be available, but you can click the "Get Started" button below to check.

Conclusion

The BlockFi Rewards credit card is a game changer in the credit card world. They're one of the first CrossFi cards (crossing DeFi and Traditional Finance) and can turn rewards into an exciting investment opportunity. Bitcoin is volatile so proceed with caution, but this is a way to accumulate with very low risk to you. 66% of BlockFi rewards card users have made this their primary card because they see more value in crypto rewards than traditional points.

Complete Card Details

Rewards Rate

Earn 1.5% in Bitcoin + 2% APY on Bitcoin

Welcome Bonus

$75 + 3.5% back in Bitcoin for 3 months

Typical Credit Score

Good, Excellent

Intro Annual Fee

$0

Annual Fee

$0

Additional User Annual Fee

$0

Foreign Transaction Fee

$0

Intro Purchase APR

None

Regular Purchase APR

14.99% to 24.99% (Variable)

Cash Advance Fee

N/A

Cash Advance APR

N/A

Late Fee

Up to $25

Intro Balance Transfer APR

None

Regular Balance Transfer APR

N/A

Penalty APR

N/A

Balance Transfer Fee

N/A

Return Payment Fee

Up to $37

Minimum Deposit

N/A

Credit Card Network

Visa

Credit Card Issuer

Deserve Inc

BlockFi Rewards Credit Card FAQ

What is the Annual Fee for BlockFi's Credit Card?

There is no Annual Fee for the Blockfi Rewards Credit Card. ​

Is the BlockFi credit card metal?

Yes the BlockFi credit card is partially metal, it feels sturdier and is more durable than a standard plastic credit card.

Does BlockFi have a credit card?

Yes, BlockFi has a credit card that allows you to earn Bitcoin on every transaction. Additionally you can earn interest on the rewards you’ve accumulated and the reward value will go up as Bitcoin’s value increases. ​

What bank is BlockFi credit card?

The BlockFi Bitcoin Rewards Visa Signature Card has two partners: Deserve, Inc. and Evolve Bank & Trust. Deserve handles the underwriting, processing, and issuance of the BlockFi Bitcoin Rewards cards and Evolve extends the lines of credit. BlockFi partnered with these two companies to be able to get the BlockFi card to market. BlockFi handles all of your rewards if you are a cardholder. ​

What is the Regular Purchase APR for the BlockFi Rewards Credit Card?

The Regular Purchase APR for BlockFi's Rewards Visa® Credit Card is 14.99% - 24.99%

Is BlockFi credit card legit?

Yes, the BlockFi credit card is legit as it gets. BlockFi’s card is on the Visa network so it is reliable, safe, and can be used almost anywhere in the world.

What is the Intro Balance Transfer APR for BlockFi Rewards Visa® Credit Card?

The BlockFi Rewards Visa® Credit Card does not support Balance Transfers.

What is the Regular Balance Transfer APR for BlockFi Rewards Visa® Credit Card?

The BlockFi Rewards Visa® Credit Card does not support Balance Transfers.

What is the Cash Advance APR for the BlockFi Rewards Visa® Credit Card?

The BlockFi Rewards Visa® Credit Card does not support Cash Advances.

What is the Cash Advance Fee for the BlockFi Rewards Visa® Credit Card?

The BlockFi Rewards Visa® Credit Card does not support Cash Advances.

What is the Late Fee for BlockFi Rewards Visa® Credit Card?

The late fee for the BlockFi Rewards Visa® Credit Card can be up to $25.

What is the Penalty APR for BlockFi Rewards Visa® Credit Card?

There is no Penalty APR for the BlockFi Rewards Visa® Credit Card.

What is the Balance Transfer Fee for BlockFi Rewards Visa® Credit Card?

The BlockFi Rewards Visa® Credit Card does not support Balance Transfers.

What is the Foreign Transaction Fee for BlockFi Rewards Visa® Credit Card?

There are no Foreign Transaction Fees for this credit card.

What is the Return Payment Fee for BlockFi Rewards Visa® Credit Card?

The Return Payment Fee for this credit card is up to $37.

Best Crypto Credit Cards symbol
Earn Crypto Passively

We select the best products to accumulate more of the cryptos that you love.

No commitment to apply.

General Disclaimer

Crypto Cards is an independent credit card comparison service that provides analysis tools and editorial opinions. We believe in the future of decentralized finance that will provide better financial equality and transparency. Note that we receive compensation from some (but not all) financial products that we review which may impact where we display the products of our partners.

Editorial Disclaimer

The editorial content on this page is based solely on objective, independent assessments by our writers and editors and is not influenced by advertising or partnerships. It has not been provided or commissioned by any advertiser. However, we may receive compensation when you click on links to products or services offered by our partners. This helps us keep this website free and informative.

© 2021 - All rights reserved