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BlockFi Announces Changes to New Crypto Credit Card

The BlockFi Bitcoin Rewards Visa Signature Card is a crypto credit card from fintech BlockFi. Currently in the waitlist stage, the card offers unlimited 1.5% cash back in Bitcoin, with other enticing bonuses. BlockFi is releasing new changes to the BlockFi Card, including no annual fee and updated benefits. Here is what you need to know:

BlockFi Introduces New Features to The BlockFi Bitcoin Rewards Visa Signature Card

While not live yet, the BlockFi Bitcoin Rewards Visa Signature Card continues to attract attention. The card, part of an ever-growing subset of crypto rewards cards, has all the makings of a breakout credit card in 2021. Now, BlockFi is announcing even more changes to the product before its upcoming launch.

New BlockFi Card Features

Perhaps the most eye-catching change to the new BlockFi Visa is the addition of a new sign-up bonus. New accounts enjoy a special introductory earning rate of 3.5% Bitcoin rewards rate for the first 90 days after opening an account. This sign-up bonus applies to the first $100 in BTC.

BlockFi is also making changes to the everyday rewards rate of the card. The unlimited 1.5% back in BTC rewards remains, but cardholders will now earn 2% back in Bitcoin on every dollar spent over $50,000 annually.

Another change to the new BlockFi Bitcoin Rewards Visa Signature Card is no annual fee. The BlockFi Visa previously featured an annual fee of $200, so the waiving of that charge is excellent news for new cardholders. Additionally, the fintech offers no foreign transaction fees, making the card an exciting offer for consumers who want to earn Bitcoin anywhere in the world they travel, with no hidden fees.

Finally, potential applicants can check their chances of getting the new BlockFi Visa Signature without any impact to their FICO Score. Applicants can see if they’re pre-approved without impacting their credit score before they apply.

“A Major Disruptor”

“Our new credit card is going to be a major disruptor in the crypto industry, making it easier and more convenient than ever before for anyone to earn Bitcoin while engaging in day-to-day transactions,” said Zac Prince, founder, and CEO of BlockFi in a press release announcing the changes. “And thanks to our partnership with Visa®, clients will enjoy the advantages of a product that can be used around the globe.”

For more information on the new card, check out our comprehensive BlockFi Bitcoin Rewards Visa Signature Card review.  

Related Article: Is Bitcoin the Future of Credit Card Rewards?

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Cory Santos

Cory is BestCards.com's "Jack of all trades" and resident credit expert, covering all facets of the credit card space. In addition to credit cards, Cory finds that jogging, cats, and memes are essential parts of a balanced day.