Blockfi Rewards Credit Card

BlockFi is a crypto exchange system that allows its users to earn around 8.6% annually on their cryptocurrencies. This 8.6% will be making them over 8 times better than the best saving account rates. One other major benefit of using BlockFi is that in times of need one can borrow funds against available coins in their wallet instead of selling them.

BlockFi is about to launch their new Rewards Credit Cardin the spring of 2021, this card will have following benefits:

• Every user will be getting upto $500 in bitcoin each month, by getting 0.25% back in bitcoin on eligible trades.
• It will be providing $30 in bitcoin for every client referral, on top of the base Refer-a-Friend program
• Every user will be getting $250 in bitcoin as a signup bonus if they spend $3,000 within first 3 months of getting their card activated
• 3.5% bitcoin rewards on all purchases in months 4-6 of card ownership, up to $100 in bitcoin
• 2% extra APY on your average daily stable coin balance, paid in bitcoin, up to $200
• Metal cards

How does BlockFi Credit card works?

Working of BlockFi Rewards credit card is very simple, first one need to apply for the card. Once the application process is complete BlockFi looks for the restrictions applied on the users and check the credibility of each user and issues to most trusted of all. Every card will come with a Credit Limit, which user can spend every month. For each transaction made on the card, will grant 1.5% cashback and automatically will be converted into Bitcoin and placed in the account of be-Holder.

NOTE: Currently users are applying in the Card wishlist, when completed users will be issued cards on the basis of Geographic, regulatory, and underwriting restrictions.

These cards are currently given to the US citizen only, but BlockFi encourages other people outside USA to apply for it so that availability of cards can be ensured.