The highly anticipated BlockFi Rewards Visa® Signature Credit Card is finally landing in clients’ hands. Now that the card has concluded its Beta testing period, we’ve started inviting people from the top of the credit card waitlist
to apply for the card and start using it in the real world. We will be working quickly to invite as many eligible waitlist participants as possible to apply for the card.
We’ve seen your tweets and we’ve heard you in the Reddit AMAs – you want the card now. You’re eager to start earning Bitcoin back on every purchase, and we want to help you stack those sats. Although the card already comes with a host of exciting benefits and features, this is just the beginning. We’re planning to add even more functionality and ways for you to earn more with the world’s first Bitcoin rewards credit card. Here are some of the features we intend to add soon:
Pay your bill with stablecoin
– As an alternative to paying your credit card bill with fiat, we plan to add functionality to let you pay with stablecoin. Since cardholders with stablecoin assets such as GUSD, BUSD, PAX or USDC in a BlockFi Interest Account
can earn 2% extra APY in Bitcoin on your stablecoin holdings* this could be a great way to get your crypto to work for you.
Rewards flex – It's nice to have options. Similar to our Interest Flex Payments, this feature would let you choose the cryptocurrency you want to receive your rewards in.
Add authorized users – Adding members of your family is not only a great way to earn more rewards, it can also be an easy way to help others build a healthy credit history.
Card partnerships – We’re committed to helping you earn more rewards in more places. On top of our unlimited 1.5% back in Bitcoin, we intend to add specific merchants and categories that will increase your rewards rate on those qualifying purchases. Keep an eye out for more details.
Instant Issuance -- If you are approved for the card you would be able to access a digitally provisioned card to add to your digital wallet immediately upon approval. This would allow you to start earning bitcoin rewards by using a digital card the moment you’re approved while you are waiting for your physical card to get in your hands.
Mobile application feature improvements – Starting today, you’ll be able to activate your card and track your spending and rewards on mobile devices. Our mobile product team plans to implement the same card management functionality from our web platform, such as managing payments and locking your card on the mobile app by the end of summer. We also plan to continue adding ongoing enhancements such as instant digital card issuance.
These are just a few of the things we have planned in the near-term to make this your favorite card. Stay tuned in the coming months to discover the latest updates coming to the BlockFi Rewards® Visa Signature Card.
If you want to take advantage of earning bitcoin back on every purchase, 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!
*2% extra APY on your average daily USD-backed stablecoin balance, paid in bitcoin, up to $200
BlockFi makes no representation or warranty, express or implied, to the extent not prohibited by applicable law, regarding the availability, timeliness, accuracy, or completeness of the aforementioned planned Card features.
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.
Learn more at BlockFi.com.
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