Cryptocurrency startup BlockFi, in collaboration with Visa, has launched its bitcoin reward credit card, dubbed BlockFi Rewards Visa Signature Credit Card, in the US.

The latest offering enables cardholders to earn 1.5% back in bitcoin for every purchase they make, with the reward increasing to 2% on every dollar spent over $50,000 annually.

In an introductory offer, cardholders will also be eligible to receive a 3.5% bitcoin rewards rate for the first 90 days. This offer is capped at $100 in bitcoin.

When redeemed, rewards are added to a customer’s BlockFi Interest Account and earn crypto interest, implying more bitcoin.

BlockFi noted that its bitcoin reward credit card has no annual fee and can be used anywhere Visa is accepted.

Visa SVP and global head of fintech Terry Angelos said: “Crypto rewards programs are a compelling way to engage consumers in the crypto economy.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We’re excited to see programs like the BlockFi Rewards Visa Card, which offer rewards that are relevant to the growing community of digital currency adopters.”

Approximately 400,000 people joined the BlockFi Rewards Visa Signature Card waitlist, which was launched in December 2020.

Initially, the card will be available only to select approved US waitlist clients.

This product was developed in collaboration with Visa, Evolve Bank & Trust, and Deserve.

BlockFi co-founder and SVP of operations Flori Marquez said: “Today, nearly everyone knows about the important role crypto plays in reshaping the financial space, and our new credit card is set to be another game-changer.

“This card will make it easier than ever for people to earn Bitcoin back while making day-to-day purchases.”