This Will Be The First Time The Bitcoin Logo Is Physically Printed On A Credit Card.
With the blockfi rewards visa card, the variable apr you’re assigned can range from 14.99% to 24.99%. The blockfi bitcoin rewards credit card is the latest product offered by the platform. Card recipients will be able to earn unlimited 1.5% back in bitcoin on every purchase they make.
The Blockfi Rewards Credit Card Lets You Earn Up To 3.5%* Back In Crypto On Every Purchase Get Started *3.5% Is An Introductory Offer That Spans The First 90 Days Of Card Ownership, Beginning On The Date Of Card Activation.
Credit card rewards are treated as rebates and are not taxable, thus will not be reported on the 1099. If you want to learn more about the card and what it means for the crypto industry at large, check out this video: If you are a business client and wish to join the waitlist, you and your employees can open a personal account to participate.
In Addition, Cardholders Will Receive A 3.5% Bitcoin Rewards Rate For The First 90 Days.
Once rewards are paid out on the credit card, blockfi will track the cost basis for you. Geographic, regulatory, and underwriting restrictions will apply. Rewards are not offered by evolve bank and trust and are instead offered and managed by blockfi.
For More Information, Please See Blockfi’s Terms Of Service.
The introductory offer is capped at $100 dollars in bitcoin. If you're a blockfi rewards cardholder and you successfully refer a friend to the credit card, they will receive $30 in bitcoin and you'll receive $30 in your rewards flex crypto. Where will the blockfi bitcoin rewards credit card be available?
The Credit Card Is Available To Qualified Us Residents In Eligible States, Which Excludes New York.
Blockfi is currently operating in around 35 us states, and collateral options include bitcoin, ethereum, litecoin and gemini's gusd, with plans to integrate additional crypto assets in the near future. The blockfi credit card offers an introductory rewards rate of 3.5% back, up to $100 in crypto, during the first 3 months. Blockfi’s partnership with traditional finance is a huge step for the bitcoin community, as the traditional industry continues to bet on crypto.