However, spending on a cash-back credit card and converting that cash to the cryptocurrency of your choice might present a better value proposition overall if you’re willing to put in the extra work. If you want the convenience of your rewards going directly into crypto, this no-annual-fee card may be for you.
Ultimately, The Gemini Credit Card® * feels like it could be a solid-but not spectacular-card for earning crypto. You’ll earn 3% back on dining (on up to $6,000 in annual spending then 1%), 2% back on groceries and 1% back on all other purchases. The card only has two bonus categories-dining and groceries. While earning cryptocurrency with The Gemini Credit Card® * is straightforward and user friendly, the card does have some drawbacks. You also do not have to worry about any exchange fees while earning your rewards. By contrast, with the Gemini Credit Card, you receive rewards sooner so you can benefit from any price appreciation if it occurs. That unnecessarily weds you to the exchange rate on the day that your rewards are redeemed. With some other crypto-rewards cards, you actually earn cash back which is converted to cryptocurrency at the end of the month. Unlike other crypto rewards-earning cards, your rewards are earned in real time, meaning you will hold the crypto immediately after your qualifying purchases. You could also earn Ethereum or even some of the smaller, upstart cryptocurrencies. That means you’re not limited to Bitcoin. Gemini states that you will earn 3% back on dining (on up to $6,000 in annual spending then 1%), 2% back on groceries and 1% back on all other purchases in any cryptocurrency that can be traded on Gemini’s platform. The Gemini Credit Card® * offers the ability to earn cryptocurrency rewards in real time.
If you’re in the market for a crypto earning card, The Gemini Credit Card® * warrants a look. Accordingly, we have begun to see credit cards offer rewards in the form of crypto. No matter your opinion of cryptocurrency, it’s undeniable that it has generated a lot of buzz.
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