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Four New Bonuses for the BlockFi Bitcoin Rewards Credit Card
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Four New Bonuses for the BlockFi Bitcoin Rewards Credit Card

Published, 24 February, 2021

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Four New Bonuses for the BlockFi Bitcoin Rewards Credit Card
The upcoming release of the BlockFi Bitcoin Rewards Credit Card is poised to revolutionize the cryptocurrency industry, letting cardholders earn bitcoin on every purchase they make. But here at BlockFi, we’re not the type to rest on our laurels. That’s why we’re rolling out four additional card benefits that will take your earning potential to the next level.
If you haven’t heard already, the baseline benefits for the BlockFi Bitcoin Rewards Credit Card include an unlimited 1.5% back in bitcoin on each transaction made with the card, plus a bonus of $250 in bitcoin after spending $3,000 or more with the card in the first three months of ownership. That’s already the highest bitcoin base rewards rate available for any card product on the market, but we thought, why stop there?
Now we’re introducing four new rewards designed to help cardholders own more bitcoin even faster. Here’s what we’re adding:
  • Bitcoin Rewards Rate Bonus — After having the card for three months, cardholders will start earning 3.5% back in bitcoin on every purchase for the following three months, with a payout of up to $100 in bitcoin in the seventh month. In other words, you’ll earn even more bitcoin with every purchase for a full quarter, and who wouldn’t want that?
  • Stablecoin Bonus — Cardholders that hold stablecoin assets such as GUSD, PAX, or USDC in a BlockFi Interest Account (BIA) can earn up to an extra 2% APY on top of the prevailing stablecoin APY after annual card renewal. Over the first year of card membership, the stablecoin bonus will accrue based on cardholders’ average daily stablecoin balance.* Upon annual card renewal, cardholders may receive a bonus of up to $200 to be paid in bitcoin and deposited into their BlockFi Interest Account during the month following renewal. Cardholders must renew to earn this payout.
  • Trading Bonus — The BlockFi credit card makes trading on BlockFi even more worthwhile. Cardholders who trade cryptocurrencies on our platform will earn 0.25% of their trading volume back in bitcoin, up to a maximum of $500 in bitcoin every single month. Trade more, earn more bonus bitcoin—it’s that simple.
    Note: stablecoin to stablecoin trading is excluded from this bonus.
  • Refer-a-Friend Bonus — We’re all about sharing the wealth. That’s why cardholders who make a successful referral to BlockFi can earn an extra $30 in bitcoin for each friend they refer, on top of our base Refer-a-Friend program. Today, you get the existing $10 in bitcoin for your first four new client referrals and $20 in bitcoin for every referral after that. With this bonus, you can earn $40 in bitcoin for each of your first four referrals and up to $50 in bitcoin for each referral thereafter. Best of all, there’s no limit to how many referrals you can make and how much in bitcoin referral bonuses you can earn.
CC_Bonuses_Icons-1-1024x540
This new suite of rewards is built to empower clients and cardholders, but how does it all add up? Let’s take a look at the bottom-line for the Bitcoin Rewards Credit Card.
How Much Can You Earn?
Let’s say you’re a cardholder who makes $1,667 worth of purchases a month using the Bitcoin Rewards Credit Card. You’d earn the first year bonus of $250 in bitcoin in your BlockFi Interest Account. Thanks to the bitcoin rewards boost, the same spend rate would also generate 3.5% back in bitcoin in the second quarter, for $100 in bitcoin in the seventh month. With a stablecoin balance of $5,000, you’d get an extra $100 in bitcoin on top of your current stablecoin APY. Then with qualifying monthly trading volume of $5,000, you’d earn another $150 in bitcoin, and after referring five friends, you’d earn a $150 bitcoin bonus. In total, that’d be a reward of $750 in bitcoin for the year, on top of the unlimited 1.5% bitcoin-back rewards from the credit card.
Naturally, more activity yields bigger rewards. At a credit card spend rate of $3,500 a month along with the first year bonus of $250 in bitcoin, with $10,000 in stablecoin held in a BlockFi Interest Account, trading an average of $13,333 per month, and after making ten referrals, you would rake in a bonus of $1,250 in bitcoin for the year, in addition to the unlimited 1.5% bitcoin-back rewards.
Let’s take a look at a side-by-side comparison.
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If you want to take advantage of these added rewards, but haven’t signed up for the BlockFi Rewards Credit Card waitlist yet, there’s no time to waste. Claim your spot on the list today to ensure you don’t miss out amazing new opportunities to earn bitcoin.
On top of the rewards you get from BlockFi, you’ll also have the perks of owning a Visa Signature card, such as, roadside dispatch, no international transaction fees, travel emergency services, and more.
Want to learn more about the Bitcoin Rewards Credit Card? Check out the video below:
Note: All bonuses paid in bitcoin will be calculated based on prevailing prices at the time of payment.
*Calculated as the arithmetic average value of balances for USDC, GUSD, and PAX at 23:59:59  Coordinated Universal Time (UTC) each day. 
Disclaimer: Joining the waitlist to apply for the BlockFi Bitcoin Rewards Credit Card (“Card”) does not guarantee that you will be eligible to receive the card. Geographic, regulatory, and underwriting restrictions will apply. Fees and terms are subject to change, and additional terms of service will apply to the Card. Trading qualifications are dependent upon regulatory and geographical restrictions. 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. By joining the waitlist to apply for the Card, you agree to receive marketing communications pursuant to BlockFi’s Privacy Policy

Last updated on March 4th, 2021

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BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
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Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
2021 © All Rights Reserved.
Apple Store logo
Google Play logo
BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access
BlockFi Trading LLC NMLS ID#1873737 | NMLS Consumer Access
Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
2021 © All Rights Reserved.