BlockFi is about to launch the first Bitcoin Credit Card ever.
The BlockFi Bitcoin credit card will come with a lot of benefits and rewards.
For example, you will get 1.5% cashback, paid in Bitcoin, on every purchase.
There are no staking requirements to get the card as for similar products.
What is BlockFi?
BlockFi is a privately-held NYC-based lending platform founded in 2017.
Short summary of BlockFi
- Features: Earn, Lending, Trading
- Minimum Deposit: $0
- Supported Cryptocurrencies: Bitcoin, Ethereum, Litecoin
- Supported Stablecoins: USDC, GUSD, USDT
- APY on Earn: Up to 8.60%
- Monthly Fees: $0
- Promotions: Up to $250 bonus, starting at $25 USDC
What is BlockFi Visa Credit Card?
BlockFi is about to launch the first Bitcoin credit card.
The BlockFi Bitcoin Rewards Credit Card will be available in 2021 to US residents in qualified states.
The card comes with 1.5% cashback on all purchases, paid in Bitcoin.
BlockFi Card VS MCO Card
Here, we compare the BlockFi Visa credit card with the Crypto.com Midnight blue MCO card.
Crypto.com has many different card and they all come with different levels of rewards and benefits. However, they all also come with different levels of requirements from your end.
Crypto.com has a staking requirement for most of their cards. You need to stake a certain amount of CRO to get specific rewards and benefits.
Since BlockFi has no staking requirements we chose to compare with the Midnight blue card from Crypto.com which has no staking requirements either.
- Yearly Cost
- $200
- Free
- Cashback
- 1.5%
- 1%
- SignUp Bonus
- $250*
- $25**
*BlockFi signup bonus of $250 in bitcoin after spending $3,000 or more on the card within the first three months.
**If you stake 2.500 CRO or more.
BlockFi Card VS Swipe Card
Here, we will compare the BlockFi Visa credit card with Swipe Saffron Visa debit card.
The Swipe Sky card card also be used for comparison but in this case we went for the Saffron card.
We used similar argument here as for the Crypto.com MCO card. Swipe also offer many different cards and they all come with different benefits and rewards.
However, the Saffron card is the only card with no staking requirements and since BlockFi ahas no staking requirements we did compare those 2 cards.
- Yearly Cost
- $200
- Free
- Cashback
- 1.5%
- 1%
- Spotify
- $12.99
BlockFi Card VS Nexo Card
Here, we compare Nexo and BlockFi cards.
- Yearly Cost
- $200
- Free
- Cashback
- 1.5%
- 2%
- SignUp Bonus
- $250*
*BlockFi signup bonus of $250 in bitcoin after spending $3,000 or more on the card within the first three months.
