Last updated on April 12th, 2023
The BlockFi Rewards Visa Signature credit card has been attracting headlines ever since it was first announced. The card is now live, with those on the waitlist being invited to apply for the card this week. Here is everything you need to know about the launch of the new BlockFi Rewards crypto credit card:
BlockFi Credit Card Now Live for Applications
The hotly anticipated BlockFi credit card is now live for select waitlist members. The card, the BlockFi Rewards Visa® Signature, features an unlimited 1.5% cash back in Bitcoin (BTC) – a rate that jumps to 2% back in BTC after making $50,000 in purchases each calendar year.
BlockFi announced the waitlist for the crypto credit card in December 2020. Since then, more than 400,000 people have signed up, making the BlockFi Card one of the most anticipated crypto rewards credit cards of 2021. However, the wait is now over, with those first in line now gaining the ability to apply for the new card.
The BlockFi Card is also offering a lucrative sign-up bonus for successful new applicants. New cardholders enjoy 3.5% back in Bitcoin for the first three months after opening an account. Keep in mind though that BlockFi caps this offer at $100 in BTC.
Other features of the new BlockFi Rewards Visa include:
- No foreign transaction fees
- Visa’s Luxury Hotel Collection access
- Visa Signature Concierge
- Silvercar luxury rental car savings
“The Crypto Industry Has Come a Long Way”
Both BlockFi and Visa are excited about the future of crypto rewards – and the role the BlockFi Rewards Visa Signature will play in them. “The crypto industry has come a long way since the first Bitcoin payment transaction 11 years ago,” said Flori Marquez, BlockFi’s SVP of Operations and co-founder. “Today, nearly everyone knows about the important role crypto plays in reshaping the financial space, and our new credit card is set to be another game-changer. This card will make it easier than ever for people to earn Bitcoin back while making day-to-day purchases.”
Terry Angelos, SVP and Global Head of Fintech at Visa, echoes those sentiments. “Crypto rewards programs are a compelling way to engage consumers in the crypto economy,” he said in a release announcing the BlockFi bitcoin card’s launch. “We’re excited to see programs like the BlockFi Rewards Visa® Card, which offer rewards that are relevant to the growing community of digital currency adopters.”
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