Today, we're excited to announce that the world’s first Bitcoin rewards credit card is now available to all eligible US residents!
The BlockFi Rewards Visa® Signature Credit Card, which began shipping to waitlist clients in early July, has already been met with excitement and fanfare from those that have received it. We promised to work through the waitlist as quickly as possible and will have completed that outreach this week. We have already seen strong results, in the first three weeks we’ve shipped over 20,000 cards. We’ve loved seeing all the unboxing videos, first purchase photos, and all places that people are travelling and earning more Bitcoin. We’ve been retweeting our favorites
“The typical credit card experience is entirely uneventful. That’s not the case with the BlockFi card. Since we started rolling clients off the waitlist in July, there has been an enthusiastic wave of folks memorializing their first purchases with the BlockFi card,” said Gaurav Gollerkeri, GM of Payments at BlockFi. “We’ve seen first purchases that included everything from a pizza to an engagement ring to an anniversary trip to Hawaii. It has been incredible to see the ways that folks are tying their major life events while effortlessly building their crypto portfolio.”
What are the benefits? First, this card has NO annual fee and no foreign transaction fees. Card recipients will be able to earn unlimited 1.5% back in Bitcoin on every purchase they make. In addition, cardholders will receive a 3.5% Bitcoin rewards rate for the first 90 days.* Cardholders can also earn unlimited 2% back in Bitcoin on every dollar spent over $50,000 annually.** Plus, you can check to see if you’re pre-approved with no impact on your credit score.***
How does the BlockFi Rewards Visa® Signature Credit Card compare to other crypto cards? For starters, our card is available to you now and actually earns you Bitcoin that is yours to keep, sell, trade, or transfer. Unlike other crypto rewards cards that claim to “give you Bitcoin rewards,” but only provide price exposure to Bitcoin that allows you to sell but not withdraw that Bitcoin, once BlockFi rewards are redeemed, Bitcoin is transferred to your BlockFi Wallet where it can be held, traded, sold, or moved to any wallet address of your choice.
Where can I use the card? Do I get access to Visa’s benefits? The BlockFi Rewards Visa® Card can be used anywhere Visa® is accepted, along with a wide range of additional bonuses from Visa® including travel opportunities, fine wine and food, sporting events, shopping, and more. Some of the special offers include upgrades at more than 900 of the world’s most prestigious properties with the Visa Signature Luxury Hotel Collection (terms and conditions apply). Plus, cardholders can save on premium ground transportation with Silvercar’s all-Audi fleet of rental cars.
Learn more about the BlockFi Rewards Visa® Signature Card here
If you want to take advantage of earning Bitcoin back on every purchase, create a BlockFi account and apply now
*3.5% is an introductory offer that spans the first 90 days of card ownership, beginning on the date of card activation. The introductory offer is capped at $100 dollars in bitcoin.
**Rewards rate increases from 1.5% to 2% after $50,000 of spend has been achieved and resets on the card anniversary date every year.
***A soft credit pull happens before you’ve accepted the credit card offer. A hard credit pull occurs when you’ve accepted your credit card offer, which can have an impact on your credit score.
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.
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.
Learn more at BlockFi.com.
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