4 Best Crypto Credit Cards
What is a crypto credit card?
A crypto credit card is a card that lets you spend normally but earn cryptocurrency as a reward. It works just like normal credit cards, but what makes it different is that you earn cryptocurrency as a reward at the end of the billing cycle. These are generally cobranded, which means they are issued by a bank but marketed by some brand.
How does the crypto credit card work?
It works just like any other credit card, but you do not earn rewards like cash back. Instead, with crypto credit cards, you will earn cryptocurrency itself, and that depends on which crypto you select. These cards have transaction fees and annual fees. Make sure you read the terms and conditions before selecting your crypto credit cards.
Here are some of the best crypto credit cards for you to choose:
1. Redotpay Crypto Card
Redotpay is a payment solution provider. They offer a crypto card. This crypto card is both physical and virtual in nature for carrying out online transactions. Also, for a short period of time this card can be used for free by the users.
Redotpay supports virtual assets like Bitcoin, Ethereum, Tether, and USD Coin. Redotpay also allows users to withdraw cash from Global ATMs using their actual cards.
For security concerns, they also ask for a PIN code to access the platform and carry out transactions. It is user-friendly and the best platform for people who want to manage their virtual assets and conduct online transactions using these features.
They do not charge any deposit fees. They have a transaction limit of $100,000 and no daily limits. They offer 5 ATm withdrawals per day and 75 monthly. Their ATM withdrawal limit is $100,000 daily and $200,000 monthly.
It is available everywhere. Redotpay does not charge any annual fee as well.
These are some of the best crypto credit cards available in the market. These top the list, amongst others. You should always go through their terms and conditions properly before making any decisions.
2. Nexo Credit Card
Nexo is one of the best crypto credit cards for long-term crypto holders because it allows users to use their cryptocurrency holdings as collateral. Nexo offers both credit and debit cards in dual mode flexibility.
The users can switch the cards as and when needed. The Nexo credit card allows users to make purchases without selling their crypto. Nexo offers both virtual and physical cards. It is also compatible with Google Pay and Apple Pay.
They do not charge any annual fees. Also, Nexo will not charge you any foreign fees up to €10,000 per month, depending on your tier. However, they will charge an amount of 1.99 EUR/GBP per additional withdrawal after five free withdrawals.
Nexo offers five free monthly withdrawals depending on your tiers. The monthly ATM withdrawal limit is Up to $10,000. The daily spending limit is $15,000. The monthly spending limit is $450,000. You can get up to 2% crypto cashback rewards. This Nexo card is accepted worldwide.
2. Brex Credit Card
Brex is not exactly a crypto credit card, but it is a traditional credit card that lets users convert their rewards into crypto. Brex is actually made for businesses specifically; hence, it may not be the one for you if you are looking for a personal use crypto credit card.
Brex is best suited for startups or mid-market companies with a minimum of $50,000 and enterprises with $400,000 monthly revenue. Brex cards are available both virtually and physically. Brex is issued on the Mastercard network; hence, it is acceptable worldwide.
Brex does not charge any annual fees and no personal guarantees.
You will get rewards in points for each purchase you make. For example, you get 1 point for each $1 you spend, but there are also exclusive reward programs that give 7 points per dollar for rideshares and taxis, etc.
You can redeem these rewards in various forms and, of course, crypto. Brex supports two crypto assets: Ethereum and Bitcoin. You will also get a sign-up bonus, for which you will get 10,000 points when you spend $3,000 in the first three months. Brex is available in the US.
3. Venmo Credit Card
Venmo is considered to be one of the best crypto credit cards. Even though it is not exactly a crypto credit card, it offers turning your rewards into crypto. Venmo does not charge any annual fees or fees for sending money to other people.
Venmo, however, charges 3% when you purchase goods and services with a Venmo credit card. You get crypto rewards for these eight categories: travel, dining & nightlife, groceries, entertainment, and bills & utilities, transport, health & beauty, and gas.
You will get a 3% cash back on your top spending category for the month among one of the eight categories. A 2% cash back on the second space category among one of the seven categories. Lastly, you will earn 1% cash back on the rest of the purchases that do not fall into the eight categories.
Venmo offers four cryptocurrencies: bitcoin, ethereum, litecoin, or bitcoin cash. To use their cash back to the crypto feature, you won’t be charged any additional fees. However, they charge a small spread between the crypto market price and the current exchange rate. Venmo credit cards are only available for US residents.
4. Gemini Credit Card
Gemini credit card is another credit card that offers the flexibility to earn rewards in various cryptocurrencies like Bitcoin, Ethereum, and dozens of other digital assets. Gemini credit card offers 3% back on dining, 2% back on groceries, and 1% back on all other purchases.
The reward rates are, however, capped at $6,000 annually for dining purchases, after which the rate drops down to 1%. Gemini does not offer any sign-up bonus.
Gemini also does not charge any annual fees or monthly fees. It offers sixty-plus cryptos for rewards. Gemini credit cards are only available in the US.
FAQ-
Q1. Are all the crypto credit cards available worldwide?
A1 No, different cards have different limitations and it is advised to got through the terms and conditions of each of them before finalising.
Q2. Do all the crypto credit cards offer the same features?
A1 While different crypto cards may have some similar features but it is not necessary that they offer the exact features. Every card has something or the other to offer.
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