In the dynamic world of rewards credit cards, cash back, points, and miles have long dominated. However, a new player emerged around 2020: credit cards that allow you to earn cryptocurrency. These cards either reward spending directly in crypto or enable the conversion of traditional rewards into digital assets. While the initial excitement was palpable, the market has since contracted significantly following the crypto downturn of 2022, which saw major exchanges collapse. Today, the options are fewer, but they still exist for those keen on integrating crypto into their financial habits.
Understanding Crypto Credit Cards
Crypto credit cards function similarly to traditional rewards cards but with a digital asset twist. Instead of earning cash or travel points, you accumulate cryptocurrencies like Bitcoin or Ethereum. These cards are typically issued in partnership with crypto exchanges or fintech companies, bridging the gap between conventional finance and the digital currency world.
It's important to note that these cards don't directly spend cryptocurrency; they spend fiat currency (like U.S. dollars) and reward you in crypto. This distinction is crucial for understanding how they fit into your wallet. The value of your rewards can fluctuate with the crypto market, adding a layer of volatility not present with standard rewards cards.
Top Crypto Credit Cards Available Today
Despite the market shakeout, a few cards continue to offer crypto rewards. Here’s a look at the current options.
Gemini Credit Card®
The Gemini Credit Card® stands out for its straightforward rewards structure and flexibility.
Rewards Breakdown:
- 4% back on gas, EV charging, transit, taxis, and rideshare (on up to $300 in monthly spending, then 1%).
- 3% back on dining.
- 2% back on groceries.
- 1% back on all other purchases.
Sign-up Bonus:
New cardholders can earn $200 in crypto after spending $3,000 within the first 90 days. Terms apply.
How It Works:
Rewards are paid in Bitcoin or any of the 50+ cryptocurrencies supported on the Gemini exchange. There is no annual fee, and the card is available to applicants across all 50 U.S. states.
Venmo Credit Card
The Venmo Credit Card offers a unique, personalized rewards approach with a crypto conversion feature.
Rewards Breakdown:
- 3% cash back in your top spending category each month (from eight options).
- 2% back in your second-highest category.
- 1% back on all other purchases.
Sign-up Bonus:
None.
Annual Fee:
$0.
How It Works:
Cardholders can opt into the "Cash Back to Crypto" feature, which automatically uses cash-back rewards to purchase cryptocurrency. Available coins include Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. While there are no transaction fees, a small conversion spread is applied. This feature can be enabled or disabled at any time directly within the Venmo app.
Crypto.com Visa Signature Card
This card offers a tiered rewards system based on the amount of CRO cryptocurrency you stake on the Crypto.com exchange.
Rewards Tiers:
- Midnight: No stake required. Earns 1.5% back in CRO.
- Ruby: $500 stake. Earns 2% back in CRO.
- Jade/Indigo: $5,000 stake. Earns 3% back in CRO.
- Icy/Rose: $50,000 stake. Earns 4% back in CRO.
- Obsidian: $500,000 stake. Earns 5% back in CRO.
All tiers above Midnight receive a temporary rewards boost for the first 12 months. Rewards are paid in CRO and deposited into your Crypto.com wallet, where they can be held, traded, or used for other services.
Sign-up Bonus:
Varies by tier, ranging from $100 to $5,000 worth of CRO for accounts opened by August 9, 2025.
Annual Fee:
$0.
What Happened to Other Crypto Cards?
The crypto credit card market has seen significant attrition. Several prominent cards have been discontinued or have removed crypto redemption options.
Discontinued Cards
- BlockFi Rewards Visa® Signature Credit Card: Discontinued in 2022 following company financial troubles.
- Upgrade Bitcoin Rewards Visa® Credit Card: Shut down in 2023.
Cards That Removed Crypto Redemption
- Brex Card: Eliminated crypto redemption as of August 31, 2024.
- SoFi Unlimited 2% Credit Card: Removed crypto redemption in early 2023.
Cards That Never Launched
- Abra Crypto Card: Announced in 2022 but never released.
- Unifi Premier Card: Also slated for a 2022 launch that never materialized, with the company citing the difficulty of breaking into the credit card market.
Key Considerations Before Applying
Before jumping into a crypto credit card, consider these important factors.
Volatility Risk: Unlike cash back, crypto rewards can change in value daily. You could earn more or less than expected based on market conditions.
Platform Reliability: Choose cards backed by established, reputable companies. The crypto space is still evolving, and platform stability is crucial.
Reward Flexibility: Some cards pay rewards directly in crypto, while others require manual conversion. Understand the process and any associated fees.
Staking Requirements: Certain cards, like the Crypto.com Visa, require locking up funds to access higher rewards tiers. This reduces liquidity and adds risk.
👉 Compare the latest crypto card offers to find one that aligns with your spending habits and risk tolerance.
Frequently Asked Questions
How do crypto credit cards work?
They function like regular credit cards for spending but reward you with cryptocurrency instead of traditional points or cash back. Rewards are typically earned as a percentage of your purchases and are subject to the volatility of the crypto market.
Are crypto credit cards safe?
The safety depends on the issuer. It's essential to use cards from reputable companies with strong security measures. However, the crypto rewards themselves are subject to market risk, which is different from the safety of your card account.
Can I use my crypto rewards to pay my credit card bill?
Generally, no. Most cards do not allow direct bill payment with crypto. You usually need to sell your crypto for fiat currency first, which can be done through the partnered exchange or app, and then use those funds to pay your bill.
What is the best crypto credit card for beginners?
The Venmo Credit Card is a strong contender due to its straightforward cash-back system with an optional crypto conversion feature. It doesn’t require deep crypto knowledge to start with, and you can opt into crypto rewards when you feel comfortable.
Do these cards have annual fees?
The cards currently available predominantly have no annual fee, making them accessible for most users. Always check the latest terms, as offers can change.
What happens if the crypto market crashes?
If the market declines, the value of your earned rewards will decrease. This is a inherent risk of any crypto-earning product. It's wise to only invest what you can afford to lose and consider diversifying your rewards strategy.
Conclusion
The landscape for crypto credit cards is much smaller than it was just a few years ago, but viable options remain for enthusiasts. The Gemini, Venmo, and Crypto.com cards each offer distinct ways to earn digital assets through everyday spending. When choosing a card, prioritize understanding the reward mechanics, associated risks, and the reliability of the issuing platform. As the market continues to evolve, staying informed is key to making the most of these innovative financial products.