After much anticipation and excitement finally the BlockFi Rewards Visa® Signature Credit Card has launched and you can jump on the waiting list now. The reason why so many crypto enthusiasts are excited about this is that its the first bitcoin rewards credit card to launch with a healthy 1.5% bitcoin cash back on all purchases. Keep in mind there is still a lot we don’t know yet with the card like APRs and credit limits and how that will work.
UPDATE 1:The application process is now open! All links updated on page. All APR data added, they don’t allow Balance transfers or Cash Advances, also they give literally 0 information on credit limits but have heard people getting up to $10k.
UPDATE 2: Data points!
They pull from Experian and its a soft pull all the way through to seeing your offer. If you accept then it may/may not be a hard pull. We have heard mixed reporting on this now so there is a good chance you will NOT get a hard pull at all. Make sure your Experian is unlocked just to be sure.
UPDATE 3: This card is underwritten by Deserve Evolve Bank & Trust. The Card Holder Agreement was hard and annoying to find, its deep in their help center docs, check it out here.
Bookmark this page so you can check back as we will update the information.
First Bitcoin rewards card
Blockfi Crypto Credit Card
The application process is now fully open, you just need to register an account. Keep in mind they require a “good” to “excellent” credit score.
APR
14.99%- 24.99%
Credit Limit
N/A
Intro Balance Transfer APR
Cash Advance & BTs not allowed
FTFs
$0
- Earn 1.5% back in bitcoin on every purchase
- Earn 2% back in bitcoin on every purchase over $50,000 of annual spend
- Earn 3.5% back in bitcoin during your first 3 months of card ownership 1
- There are no fees to use the card. No annual fee. No foreign transaction fees 2
- Know if you’re pre-approved without affecting your credit score3
13.5% is an introductory offer that spans the first 90 days of card ownership, beginning on the date of card activation. The introductory offer is capped at $100 dollars in bitcoin, which equates approximately $5,000 of spend to earn an extra $100 in bitcoin. The boosted rate will pay out on the fourth month of card ownership.
2There is no annual fee or foreign transaction fees. Fees may be incurred if you are late on a payment on top of the interest added to your balance.
3 A soft credit pull happens before you’ve accepted the credit card offer. A hard credit pull occurs when you’ve accepted your credit card offer, which can have an impact on your credit score.
There are some additional rewards here by being in the Blockfi ecosystem like the ability to earn crypto interest on your bitcoin rewards (no details yet), 2% APY bonus in bitcoin on stablecoin holdings in your account and a 0.25% bitcoin rewards for trading on all eligible trades.
