Last updated on May 27th, 2022
The long-anticipated Gemini Credit Card has finally arrived. Last month, the cryptocurrency platform, Gemini, reported the exciting news. The Gemini Credit Card is now available to eligible individuals in the US and offers crypto rewards for daily purchases. The card’s many features create a simple way for cardholders to integrate crypto investing into their everyday lives.
Gemini Crypto Rewards Card
The Gemini Credit Card was first announced last year with the option to join a waitlist. The list grew to more than 500,000 sign-ups, and it’s no surprise why. Those lucky enough to get approved will enjoy earning up to 3% back in crypto rewards. That is 3% back on dining (on up to $6,000 in annual spend and then 1%), 2% back on groceries, and 1% back on all other purchases.
Earning Rewards with the Gemini Credit Card
Similar to other cash back credit cards, the Gemini Credit Card earns up to 3% back on purchases dependent upon the purchase category. The difference: rewards are received in cryptocurrency. The earned crypto rewards from purchases made with the Gemini card are then automatically deposited into the cardholder’s Gemini account. The beauty is cardholders are not limited to one single type of cryptocurrency for their reward earnings.
Cardmembers choose from any of the 60+ cryptos supported by the Gemini platform, such as Bitcoin, Ethereum, Litecoin, and more. And you can switch reward types at any time, so you’re not tied down to one kind of crypto, thereby producing a more diversified portfolio. Furthermore, with the Gemini Credit Card, users will have access to the Gemini platform to buy, sell, trade, and store crypto.
The Gemini Credit Card is made with 75% recycled stainless steel and comes in three colors – black, silver, and rose gold. The clean design of the cards is not just for looks; it also serves to keep cardholders’ information safe and private.
One of the many features of the Gemini Mastercard® is the option to transfer earned rewards into Gemini Earn, which is the company’s new interest-earning program. Gemini Earn program members can earn up to 8.05% APY on crypto held at Gemini, which is much higher than what traditional banks offer for fiat money.
Other Gemini Credit Card features:
- No annual fee
- Instant rewards
- Security-first design
- Instant access
- World Mastercard® Benefits
- 24/7 live customer support
Gemini is a crypto exchange platform that has grown to build many secure cryptocurrency products. It was founded in 2014 by the investor twins, Cameron and Tyler Winklevoss. Gemini works to help individuals and institutions buy, sell, and store Bitcoin and other cryptocurrencies. It is a New York trust company regulated by the New York State Department of Financial Services. And it is also a fiduciary and Qualified Custodian.
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