BlockFi Rewards Visa Signature Card review
BlockFi Rewards Visa Signature Card gives you up to 10% cash back in crypto at a $0 annual fee.
Pay no annual or foreign transaction fees, and earn up to 10% back in crypto rewards
BlockFi Rewards Visa Signature Card is an easy way to get into crypto with money you did not know you had. We are talking about cash back that returns to you in the form of crypto.
This is our BlockFi Rewards Visa Signature Card review.
- Credit Score: Good – Excellent
- APR: 11.74%-21.74%
- Annual Fee: $0
- Fees: $0
- Welcome bonus: N/A
- Rewards: 1.5% back on every purchase, 2% back once you reach $30,000 spent in a year, up to 10% back through BlockFi Offers.
The BlockFi Rewards Visa Signature Card works like a normal Visa credit card. You can also make 2% on every dollar when you spend over $30,000 annually.
Keep reading to see how this credit card can benefit you. This full review includes pros and cons!
BlockFi Rewards Visa Signature Card: how does it work?
In this BlockFi Rewards Visa Signature Card review, you will see that this card’s average cardholder is not someone who cares much about the short-term use of their rewards.
Rather, we are talking about people interested in the long-term appreciation of crypto assets.
Of course, crypto can also decrease in value. However, this is not your own money you will be investing in crypto. So the risk is restricted to your rewards.
If you are looking for more immediate compensation in the form of dollar cash back, airline miles, or points, this is not the best card for you.
With this card, you stand to make 1.5% back on every purchase, and once you reach an annual spending mark of $30,000, you will make 2%.
Through BlockFi Offers, the card also earns you 10% back at select merchants and restaurants.
To get access to the 10% cash-back offer, you must opt in through the BlockFi app. You can opt-out at any time you see fit.
How about making $30 in Bitcoin? For every client referral, your BlockFi Rewards Visa Signature Card will earn you a reward of $30 in Bitcoin.
You can also earn an extra 0.25% back in Bitcoin on eligible trades up to a monthly limit of $500.
You will notice you earn rewards initially in the form of points, but these are automatically converted into crypto at a rate of 1 cent worth of crypto per point.
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Significant benefits and disadvantages you may find
Now that you have become familiar with the BlockFi Rewards Visa Signature Card, let’s have a look at its pros and cons. Our BlockFi Rewards Visa Signature Card review would not be complete without it.
Check out the list of benefits and disadvantages we have put together below.
- Pay no reward caps
- $0 annual fee
- Pay no foreign transaction fees
- Bonus cash back on crypto trades
- No welcome bonus
- Complicated rewards system
- Limited flexibility on rewards
- Not earning rewards in real-time may reduce their value
Is a good credit score required for applicants?
The BlockFi Rewards Visa Signature Card, although not the highest rewards-earning card in the market, is a relatively sophisticated product.
As such, it does require applicants to have good to excellent credit for approval.
Learn how to apply and get a BlockFi Rewards Visa Signature Card
Does the BlockFi Rewards Visa Signature Card sound like a fit for you? So take the next step and apply for the card today. You can do everything online, as anything related to crypto should be.
Hit the link below, and we will take you to a complete step-by-step guide to the application.
About the author / Danilo Pereira
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