Bitcoin has become one of the most popular digital assets, and as its value continues to rise, more people are looking for ways to earn it without directly buying it from an exchange. One of the simplest ways to accumulate Bitcoin is through your everyday spending with Bitcoin rewards credit cards. These cards work just like traditional cashback or rewards credit cards, but instead of earning cash or points, you earn Bitcoin with every purchase you make. In this blog post, we’ll explore how you can start earning Bitcoin with your everyday spending, the best Bitcoin rewards credit cards available, and some tips on maximizing your rewards.
How Bitcoin Rewards Credit Cards Work
Bitcoin rewards credit cards function similarly to traditional rewards cards. When you make a purchase, you earn a percentage back in Bitcoin instead of cash, points, or miles. This Bitcoin is deposited into a wallet or account managed by the card issuer, and you can choose to hold, trade, or sell it.
Key Benefits of Bitcoin Rewards Credit Cards:
Earn Bitcoin Easily: No need to buy Bitcoin from an exchange. Simply use your card for everyday purchases and accumulate Bitcoin over time.
Access to an Emerging Asset Class: Bitcoin has shown substantial growth over the years. Earning Bitcoin as a reward gives you exposure to this asset class without needing to make a direct investment.
No Additional Effort: You’re earning Bitcoin through purchases you’d be making anyway, such as groceries, gas, or dining.
The Best Bitcoin Rewards Credit Cards
If you’re ready to start earning Bitcoin with your everyday spending, here are some of the top Bitcoin rewards credit cards to consider:
1. Fold Visa® Prepaid Card
The Fold Visa® Prepaid Card is one of the most popular Bitcoin rewards cards available today. It offers 1% back in Bitcoin on all purchases, with chances to earn more. Plus, the ability to earn more prizes the more you spend.
Key Features:
- 1% back in Bitcoin on all purchases
- 3.5% Bitcoin rewards for the first 90 days (up to $100 in Bitcoin)
- Ability to earn more prizes the more you spend
Why It’s Great: Fold Visa® Prepaid Card makes it easy to earn Bitcoin and even grow your rewards by earning interest. It’s ideal for anyone looking to build a Bitcoin portfolio through everyday spending. Get Started Here
2. Gemini Credit Card™
The Gemini Credit Card™ offers a flexible rewards system, allowing you to earn Bitcoin (or other cryptocurrencies) instantly on your purchases. You can earn up to 3% back in Bitcoin on dining, 2% on groceries, and 1% on all other purchases. The rewards are automatically deposited into your Gemini account, giving you access to more than 50 cryptocurrencies.
Key Features:
- Up to 3% back in Bitcoin on dining, 2% on groceries, and 1% on all other purchases
- No annual fee
- Rewards are deposited instantly into your Gemini account
- Ability to choose other cryptocurrencies as rewards (besides Bitcoin)
Why It’s Great: The Gemini Credit Card offers tiered rewards, making it a good option for those who spend heavily on dining and groceries. The ability to choose other cryptocurrencies adds flexibility. Learn More Here
3. Venmo Credit Card
While the Venmo Credit Card primarily offers cashback rewards, it has a unique feature that allows you to convert your cashback into cryptocurrency, including Bitcoin. You can earn up to 3% cashback on your top spending category, 2% on the second-largest category, and 1% on all other purchases. This cashback can be converted into Bitcoin through the Venmo app.
Key Features:
- Up to 3% cashback on your top spending category
- Ability to convert cashback into Bitcoin (or other cryptocurrencies) through Venmo
- No annual fee
- Customizable categories that adjust based on your spending habits
Why It’s Great: Venmo gives you flexibility in earning cashback and converting it to Bitcoin. If you want the option to earn traditional rewards and then convert them into crypto, this card offers the best of both worlds. Learn More Here
Tips for Maximizing Your Bitcoin Rewards
To make the most of your Bitcoin rewards credit card, here are a few tips:
1. Use the Card for Everyday Purchases
The easiest way to accumulate Bitcoin is by using your card for everyday expenses like groceries, gas, dining, and online shopping. By regularly using your Bitcoin rewards card, you can steadily increase your Bitcoin holdings over time.
2. Take Advantage of Bonus Categories
Many Bitcoin rewards cards offer higher cashback or Bitcoin rewards for specific spending categories, such as dining or travel. Be sure to use your card for these purchases to maximize your rewards.
3. Hold Your Bitcoin
Bitcoin has seen significant growth over the past decade. While there’s no guarantee of future performance, many cardholders choose to hold their Bitcoin rewards for the long term, hoping for appreciation. If you believe in Bitcoin’s long-term potential, holding your rewards may help you grow your assets over time.
4. Use Your Bitcoin Rewards to Earn Interest
Some platforms, allow you to deposit your Bitcoin rewards into an interest-bearing account. This means you can earn additional Bitcoin on top of the rewards you accumulate. This is a great way to maximize the growth of your Bitcoin holdings.
How to Get Started with a Bitcoin Rewards Credit Card
If you’re ready to start earning Bitcoin with your everyday spending, follow these steps to get started:
Choose the Right Card: Review the Bitcoin rewards cards mentioned above and select the one that best fits your spending habits and financial goals.
Apply for the Card: Once you’ve chosen a card, complete the application process through the issuer’s website.
Use Your Card Regularly: Use your new Bitcoin rewards card for all of your everyday purchases to maximize your Bitcoin earnings.
Monitor Your Rewards: Keep an eye on your Bitcoin rewards through the card issuer’s app or platform. You may also want to track the value of your rewards as the price of Bitcoin fluctuates.
Hold or Trade Your Bitcoin: Decide whether you want to hold your Bitcoin rewards for the long term, trade them for other cryptocurrencies, or convert them to fiat currency.
Now You’re Getting It
Earning Bitcoin through your everyday credit card spending is a simple and effective way to gain exposure to cryptocurrency without directly purchasing it. With several Bitcoin rewards credit cards available, you can start accumulating Bitcoin with every purchase you make, from groceries to gas to dining out. Whether you choose the Venmo Credit Card, the Gemini Credit Card™, or another option, you can easily integrate Bitcoin into your financial strategy.
Ready to start earning Bitcoin on your everyday purchases? Explore our recommended Bitcoin rewards credit cards and take the first step towards building your Bitcoin portfolio today.
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Last Updated on October 13, 2024