The BlockFi Rewards Visa® Signature Credit Card has made a big splash in the crypto and credit card world since we began shipping cards to eligible people at the top of the waitlist earlier this month. We’ve loved seeing people post their unboxings to YouTube and Twitter, and sharing their first and favorite purchases that are now earning Bitcoin rewards. As we invite all eligible waitlist participants to apply for the card, we’ve also introduced improvements for current cardholders.
We’ve heard your early feedback, and we’re happy to announce that we have worked with our partners to increase credit limits for cardholders who qualify. Previously, the credit limit ceiling was set at $10,000, even for the most qualified applicants. The max credit limit for qualified cardholders is now $25,000.
Automatically increasing credit limits can benefit eligible BlockFi cardholders in two ways. First, cardholders who are eligible will have more flexibility when it comes to their purchasing power. This will enable them to use the card for bigger purchases and earn more rewards. Second, increasing credit limits can help lower credit utilization, which can help improve credit scores. Credit utilization can be a major factor in one’s credit score. Keeping one’s credit utilization low may indicate to creditors that they are a responsible borrower.
If you are a current cardholder and eligible for a credit limit increase, you’ll receive an email notifying you about your new credit limit, which will be available immediately. There will be no credit inquiries to determine if you are eligible. No action is required from your side. New applicants that are eligible will also receive the updated credit limits at the time of application.
We’re planning to add even more functionality and give you more ways to earn with the world’s first Bitcoin rewards credit card. Stay tuned in the coming months to discover the latest updates coming to the BlockFi Rewards® Visa Signature Card.
If you want to start earning Bitcoin back on every purchase sign up for BlockFi and apply today! app.blockfi.com/credit-card/application
For more information, please see BlockFi’s Terms of Service. Cards are issued by Evolve Bank & Trust, Member FDIC.
Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's citizenship, residence or otherwise.
Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.
Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. For more information, please see BlockFi's Terms of Service.
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