As you continue to see Bitcoin in headlines everywhere you turn, should you apply to have one of these cards land in your mailbox? Weigh these key considerations before adding your name to the waitlist.
We're focused here on the rewards and perks that come with each card. These cards won't be worth it if you're paying interest or late fees. When using a credit card, it's important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Does the BlockFi Bitcoin credit card have an annual fee?
The card's rewards currency may be new, but it includes a common component of all cards in the premium market: a cost to carry it. Cardholders have to hand over a $200 annual fee. In the first year, you'll offset this via a slight twist on a traditional sign-up bonus: $250 in bitcoin after spending $3,000 in the first three months. There's an additional incentive in the second quarter of account ownership: 3.5% back in bitcoin on all your purchases, up to the equivalent of $100 of bitcoin.