BlockFi Launching the first Bitcoin Rewards Credit Card

Introducing crypto rewards to the credit card industry should help elevate the visibility and legitimacy of bitcoin and other digital currencies. But this will be the first credit card of its kind in an industry dominated by cash back, points, and miles. Traditionally, rewards credit cards have offered cash back, points, or miles. Opt to use BTC to cash out your winnings, and you’ll usually have a hold of them in under 10 minutes. This dedicated, bespoke accreditation showcases that a crypto casino has been tried, tested, and audited to ensure that its BTC games are above-board, fair, and trusted. Explore our recommended casinos at your leisure, check out the best bonuses in the Bitcoin gambling world, and look at some of our groovy games in closer detail. From this lobby, you can rapidly check out our top-ranking Bitcoin casino sites. Superior and Speed Transactions: Let’s be fair, most FIAT currency payment providers can handle instant deposit times, so the fact that Bitcoin can do the same is hardly going to cause waves. BlockFi’s Bitcoin Rewards Visa Credit Card will be the first to offer rewards in the form of a nontraditional currency or digital asset like bitcoin. And while bitcoin isn’t classified as a security, many people treat it as such, which also makes BlockFi’s new credit card the first to offer an investable asset that’s not cash.

While there, you can use this menu to study game reviews, learn about crypto gambling in general, find information on the best bitcoin casino software providers and explore some of the tools we have to offer, including our Provably Fair Verifier. Generally, though, these issues tend to be small fry compared to the fun you can have gambling at Bitcoin casinos. Don’t bother looking elsewhere, though, because we can guarantee that no other Bitcoin casino enthusiasts and experts could honestly claim to introduce you to those sites, either. Without an account with the financial institution, though, you’ll need to wait until the new year to join the waitlist. The waitlist for the card is already open to BlockFi account holders and will open to the public in January. If you’re already a BlockFi customer, you can join the waitlist for the new card through your account. You can do the same if you’re not yet a BlockFi customer by creating an account. Bag a Bitcoin Bonus: There are top Bitcoin casinos out there that are just as adept at offering you the same tasty treats, bountiful bonuses, and dynamite deals that their FIAT casino cousins can. At the top of our page (right-hand corner on mobile devices), you can navigate around the rest of BTCGOSU.

You can find around-the-clock support when you need it, and you can often enjoy mobile and live dealer casino gameplay without the need for downloading crypto casino apps. We’ve also provided an FAQ guide for those of you who need a little assistance. So the prospect of earning 1.5% back in the form of bitcoin, with a $200 annual fee, is unlikely to be of wide appeal, especially among people who aren’t already crypto enthusiasts. Cardholders will earn 1.5% back on each purchase, all in the form of bitcoin. With the Bitcoin Rewards Visa Credit Card, cardholders will earn $250 if they spend $3,000 in the first three months, plus 1.5% back on each purchase, all in the form of bitcoin. A host of debit cards already, or will soon, offer rewards in the form of crypto, including the Coinbase Card, MCO Visa Card, Fold Card, and BlockCard. On Dec. 2, the cryptocurrency-based lender BlockFi made the move official by announcing it will launch a bitcoin rewards credit card in the first quarter of 2021. This isn’t the first time crypto has been used in a rewards program-bitcoin debit cards are aplenty. For example, the currency’s price fell from a high of $19,783 in December 2017 to under $3,640 at the same time the following year.

As cryptocurrency has become more popular, it was only a matter of time before it entered the credit card space. Credit limits are expected to range from $5,000 to $25,000, depending on the cardholder’s creditworthiness. They are licensed, they are RNG certified, and they offer responsible gambling tools, too. Moreover, those casinos may be RNG certified. Moreover, many also bear the Provably Fair certificate. Among cash-back credit cards, 1.5% back is a common rewards rate, but it’s not the best out there, and the vast majority of cash-back cards don’t charge an annual fee. But the Bitcoin Rewards Visa Credit Card’s $200 annual fee isn’t doing the crypto world any favors. The annual fee is $200. Of course, earning crypto instead of cash does give cardholders the opportunity to take advantage of price increases. We’re not taking backhanders from affiliates, so we’re not bound by agreements to give any site or game a favorable review.

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