7 Best Crypto Credit Cards with Rewards in December 2024

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November 6, 2024 05:29 EST

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An increasing number of credit cards have entered the crypto ecosystem. Typically issued by Visa or MasterCard, they enable users to spend crypto balances in the real world. It’s also possible to earn free crypto when making eligible transactions, similar to traditional credit card rewards.

But what are the best crypto credit cards in 2024? Read on to discover the top providers for fees, limits, rewards, eligibility, and other important metrics. We also explore the different types of credit cards available, how they work, and what best practices to consider.

Best Crypto Credit Cards Compared

Best Crypto Rewards Cards Reviewed – A Closer Look

We’ll now review the leading crypto cards, covering everything consumers need to know. Ensure you read through each review to make an informed decision.

1. Gemini Credit Card – Best Crypto Rewards Card

Gemini is a popular US-based exchange with heavy regulation and robust security features. It also offers one of the best crypto credit cards, especially for those seeking competitive rewards. The Gemini credit card offers 4% cashback at US gas and EV charging stations. It also offers 3% and 2% on dining and groceries, respectively.

All other transactions get 1%. This means you’ll earn rewards whenever the card is used, no matter what you’re buying. Not only are rewards deposited in your Gemini account instantly but you can choose from over 50 cryptocurrencies. This includes Bitcoin and some of the best altcoins, such as Ethereum,

The Gemini credit card is issued by MasterCard, so can easily be used online and in-store. Best of all, the card comes without annual or foreign exchange fees. Standard APYs on this crypto card are 17.74% – 29.74%, depending on your creditworthiness. The APY on cash advances is 30.74% for cardholders.

2. Crypto.com Visa Card – Best Card for Subscription Perks

Crypto.com offers six different crypto credit cards. Each is issued by Visa, ensuring the card can be used at millions of online and in-store merchants. All cards apart from ‘Midnight Blue’ offer rewards. This ranges from from 2% to 8% on everyday transactions. Travel-related spending offers rewards of up to 10%.

Those on the higher-tier cards also get free Spotify and Netflix subscriptions. Not to mention airport lounge access and exclusive sporting experiences (including F1 and UEFA Champions League). However, there are some drawbacks to consider before applying for the Crypto.com credit card.

First, rewards are only paid in Cronos (CRO), Crypto.com’s native token. What’s more, rewards are only paid when users hold a minimum amount of CRO. For example, the ‘Prime’ card requires at least $1 million worth. The lowest amount of CRO to hold is $500 on the ‘Ruby Steel’ card. However, this only offers 2% rewards and no bonuses on travel-related spending.

3. Bybit Card – Best Crypto Card for Sign-Up Bonuses

Bybit – one of the best crypto exchanges globally, also offers a popular card. Backed by MasterCard, first-time applicants can earn a 20 USDT introductory bonus. The only requirement is to spend 150 USDT in transactions. The Bybit card comes without application or annual fees. It offers cashback rewards of between 2-10% on everyday purchases.

However, the specific rate depends on the Bybit VIP tier. This is determined by trading volumes on the Bybit exchange. As such, this is only a good option for active Bybit users. Nonetheless, Bybit offers a physical and virtual card for added convenience. Bybit also offers subscription rebates for popular online platforms.

This includes Amazon Prime, Spotify, Netflix, TradingView, and ChatGPT. These perks require a VIP tier of at least 1. Crucially, do note that Bybit offers a debit card rather than a credit card. This means you can only spend balances held in the Bybit account. Moreover, you won’t need to worry about interest payments.

4. Coinbase Card – Best Crypto Card for Security

The next option to consider is the Coinbase Case. Backed by one of the world’s largest exchanges, Coinbase Card is issued by Visa. It’s only available to US residents and functions as a debit card. This means there’s no credit check when applying, nor will cardholders pay interest.

There are no spending or annual fees either. Coinbase Card is a great option for earning rewards. It offers 1% on all transactions when receiving rewards in Bitcoin, Ethereum, and Dogecoin. This increases to 4% when opting for Stellar or The Graph. Coinbase Card is also one of the most secure options.

It comes with two-factor authentication and card freezing. The latter is crucial if you misplace the card, especially when overseas. Cardholders benefit from 24/7 customer support via telephone and email. Coinbase Card also comes with a dedicated app, making it seamless to track and manage transactions.

5. Nexo Card – Best Card for Obtaining a Credit Line

Nexo offers a wide range of services, including savings accounts, loans, and a crypto card. The card is issued by MasterCard and it comes with a native app for iOS and Android. The app offers real-time transaction notifications and the ability to freeze the card at any time. That said, the most interesting feature is being able to switch between ‘credit’ and ‘debit’ modes.

The latter enables users to spend their crypto balances, with transactions converted to the local currency. Alternatively, users can pay for purchases with a credit line, with borrowing rates starting at 2.9%. This is a good option for those who don’t want to sell their cryptocurrencies to pay for transactions.

That said, credit lines are based on account balances, meaning the value of your crypto is used as collateral. Nevertheless, the Nexo Card offers cashback rewards, although they’re much lower than other providers. You’ll earn between 0.1% and 0.5% in Bitcoin. And between 0.5% and 2% in NEXO, the platform’s native token. The specific amount depends on the account tier.

6. Venmo Credit Card – Best Crypto Credit Card for Unlimited Cashback

Venmo is a popular credit card for US residents. It’s issued by Visa and seamlessly connects with Google, Apple, and Samsung Pay. The Venmo credit card not only offers unlimited cashback rewards. But users can choose their preferred spending category. Popular options include dining, groceries, travel, bills, and entertainment.

Now, you’ll get 3% cashback on every purchase in the top spending category, and 2% on the next. All other transactions get 1%. You can change the category preferences every month. Crucially, you can automatically use cashback rewards to buy cryptocurrencies. This is a great way of dollar-cost averaging, as you’re not risking any money.

Rewards can be paid in the best cryptocurrencies, including Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. In terms of interest rates, Venmo offers APRs of 19.99%, 28.99% or 31.99%. The rate offered depends on your creditworthiness. There are no application, annual, or foreign transaction fees.

7. Gnosis Pay Card – Best Crypto Card for Avoiding Transaction and FX Fees

Last on this list is the Gnosis Pay Card. It’s a crypto debit card issued by Visa. Do note the Gnosis Pay Card is only available to clients in the European Union and the UK. The card costs €30.23 (including shipping), which will be a drawback for some. That said, the Gnosis Pay Card doesn’t charge annual fees.

Nor does it charge for transactions or foreign exchange. In terms of rewards, the Gnosis Pay Card offers cashback of up to 5%. However, rewards are paid in GNO, the card’s native token. While this will disappoint those wanting to earn Bitcoin and other top coins, GNO is up 40% in the past month.

What’s more, the circulating and maximum supply are just 2.59 million and 3 million, respectively. This makes GNO one of the best low-supply cryptocurrencies. Another benefit is that the Gnosis Pay Card can be customized with an Ethereum Name Service (ENS) domain. Early adopters can also get an OG NFT, although further details will be released on X in due course.

How Do Cryptocurrency Credit Cards Work?

Crypto cards work differently depending on the provider.

First, some providers offer crypto debit cards, meaning you aren’t borrowing funds. This also means you won’t need to undergo a credit check or pay interest on outstanding balances. Instead, you can only spend what’s available.

Alternatively, some providers offer crypto credit cards. This means you’ll receive a credit limit and an APY, depending on your creditworthiness.

Now, some crypto cards are connected to the user’s exchange or wallet balances.

Here’s how it works:

• Let’s say you have the Gemini Credit Card. By extension, you also have an account with the Gemini exchange.
• You have ¢500 worth of Bitcoin in your Gemini account.
• You use the Gemini Credit Card to buy a $10 takeout.
• It’s issued by MasterCard, so you use it like any other card.
• In real-time, $10 worth of Bitcoin is sold and converted to USD.
• This means the takeout restaurant receives the $10 as normal.

In addition, you can also earn rewards when using a crypto card.

Here’s how it works:

• Sticking with the Gemini Credit Card, it offers 3% cashback on dining
• Gemini allows users to pick their reward currency, so you choose Bitcoin
• On that $10 transaction, you receive $0.30 (3% of $10) worth of Bitcoin
• You would have made the transaction anyway, so it’s a great way of earning free crypto

Methodology: Our Criteria for Ranking The Top Crypto Cards

Our methodology covered the most important factors when ranking crypto cards.

This includes the following:

• Debit or Credit: First, we made sure to include crypto debit and credit cards. For instance, some users prefer debit cards, as there’s no credit check or risk of paying interest. While others prefer credit cards, as they offer increased protections and repayment flexibility.
• Eligibility: We also explored eligibility requirements, including supported nationalities. For credit cards, we estimated the required credit score for acceptance.
• APYs (if relevant): Another research method for crypto credit cards was the APY. This is the interest rate payable when balances aren’t cleared in full.
• Rewards: The best crypto cards offer rewards. We evaluated the reward rate (e.g. 4%), spending categories (e.g. dining and gas), and whether limits apply. We also assessed which coins the rewards are distributed in.
• Fees: Many crypto cards have scrapped application, annual, and foreign transaction fees. We also explored fees related to ATM withdrawals and purchases.

Conclusion

Crypto credit cards are worth exploring if you want increased exposure to digital assets. You can often spend crypto balances in the real-world, with cards usually issued by Visa or MasterCard.

You can earn free crypto too, with many cards coming with cashback rewards. Choosing the right card requires careful consideration, such as fees, reward rates, and limits. You also need to decide between a debit or credit card.

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