BlockFi Rewards Visa® Signature Credit Card

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Last updated on April 12th, 2022

BlockFi Rewards Visa® Signature Credit Card

BlockFi Rewards Visa® Signature Credit Card

BlockFi Rewards Visa® Signature Credit Card
  • Regular Purchase APR 15.74% to 25.74% variable based on creditworthiness and the Prime Rate
  • Annual Fee None
  • Credit NeededBestCards.com uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.
    Excellent , Good
  • Processing Network Visa
Best Benefits
  • Earn 1.5% back in bitcoin on every purchase
  • No annual fee and no foreign transaction fees
  • Earn 2% back in bitcoin on every purchase over $50,000 of annual spending
  • Earn 3.5% back in bitcoin during your first 3 months of card ownership
  • Know if you're pre-approved without affecting your credit score
Rates & Fees
  • Regular Purchase APR: 15.74% to 25.74% variable based on creditworthiness and the Prime Rate
  • Late Payment Penalty Fee: Up to $25
  • Return Payment Penalty Fee: Up to $37
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BlockFi Rewards Visa® Signature Credit Card

BlockFi Rewards Visa® Signature Credit Card

Terms & Conditions

At a Glance

The BlockFi Bitcoin Rewards Visa Signature Card is a no annual fee crypto credit card from fintech BlockFi. The card earns 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.

Ideal for Those Who:

  • Have good credit or an excellent credit score
  • Don’t have a significant CRO stake but still want to earn Bitcoin rewards
  • Don’t want to pay any annual fees or foreign transaction fees
  • Plan to regularly use the card and spend at least $4,166 each month

BlockFi Rewards Visa® Signature Credit Card Review

The BlockFi Bitcoin Rewards Visa Signature Card is a venture between Visa and fintech/cryptocurrency company, BlockFi. The card earns a flat rate back in Bitcoin rewards with every purchase – for no annual fee.

How to Earn Bitcoin

The BlockFi Bitcoin Rewards Visa Signature earns a flat rate of 1.5% cash back in Bitcoin rewards for every purchase, which is nice. It removes the confusing membership tiers found with other crypto cards – particularly crypto debit and prepaid cards.

The card also offers enhanced cash back earning rate of 2% back on every purchase over $50,000 of annual spend. This bonus is tempting for those who plan to use their card regularly, as it requires an average spend of approximately $4,166 per month to qualify.

The cash back rate with the BlockFi credit card is lower than the premium-tier earning rates with other crypto cards like the Crypto.com Visa, but that card is a debit card – and requires a massive crypto stake to receive those impressive rewards. In contrast, the BlockFi Bitcoin Rewards Visa Signature requires no CRO stake to open and features no annual fees.

Earn 3.5% Back in Bitcoin for the First Three Months

BlockFi ups the ante with their new credit card by offering even more cash back in Bitcoin rewards for the first three months of new account ownership. New cardholders enjoy 3.5% back in Bitcoin for the first three months after opening an account – more than doubling the cash back potential and supercharging your Bitcoin investment.

However, keep in mind that the introductory offer is capped at $100 in BTC, which BlockFi equates approximately $2,857.15 of spending to earn an extra $100 in BTC.

How to Redeem Rewards

Like other crypto cards, the rewards redemption process with the BlockFi Visa Signature Card is very streamlined. Bitcoin rewards are paid out on a regular monthly cycle into the BlockFi account of the cardholder, where they accrue interest daily.

Boost Your Rewards Through BlockFi

The BlockFi Bitcoin Rewards Visa Signature operates within the BlockFi ecosystem, and because of this offers additional rewards and bonuses on top of Bitcoin cash back.

Cardholders enjoy the chance to earn crypto interest on the cash back (in BTC) rewards with every purchase through their BlockFi account, for instance. Additionally, members enjoy a 2% APY bonus in bitcoin on their stablecoin holdings, a trading bonus of 0.25% back in Bitcoin for eligible trades on BlockFi (up to a max of $500 BTC each month), and a $30 referral bonus for signing up friends, family, or whoever for BlockFi’s service.

Other Card Features

Other features of note with a quick pre-approval process the BlockFi Bitcoin Rewards Visa Signature include:

  • A quick pre-approval process that lets you know if you qualify for the card without any impact to your credit score.
  • No foreign transaction fees or annual fees
  • Visa Signature travel features, including:
    • Travel and Emergency Assistance Services: 24/7 assistance for Signature cardholders anywhere in the world.
    • Visa Signature Concierge: Customized customer service to help cardholders make reservations, buy tickets, and receive advice.
    • Visa Signature Luxury Hotel Collection: Signature cardholders get exclusive access and guest privileges at over 900 luxury hotels worldwide.
    • Roadside Dispatch
    • Auto Rental Collision Damage Waiver

Card Availability

BlockFi is currently available in all U.S. states. 

BlockFi Visa Card Ratings

How does the BlockFi Rewards Visa stack up? Here are a selection of expert reviews for the card:

3.75/5
2/5
3.5/5

User Rating

3.75/5

User Testimonials

What is the BlockFi Credit Card like to live with? Before deciding if the card is right for you, here’s what our readers and members think about the card:

Jeff H
Jeff HTrustPilot Review
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BlockFi gets a lot of flack for slow withdrawals, uncompetitive rates, and large trading spreads, but in my experience: the pros outweigh the cons. First off, just don't use them for trading, use an exchange for that. Second, don't earn interest all in one coin, earn in kind, else you will pay a 1% fee to BlockFi. Third, their slow withdrawals are something of a feature because they invest a lot into identity protection and security. BlockFi has responsive customer support and even a phone number you can call during business hours. I don't like their tiered rate system, but they work fine smaller quantities of coins. Are they perfect? Definitely not, but I trust BlockFi and it seems very unlikely they will ghost you and run off with your coins, which is a real risk at other, smaller platforms. (Been a customer since April 2019).
Tyler.
Tyler.TrustPilot Review
Read More
I love BlockFi. It's the perfect place for me to hold my crypto investments and personal savings. I'm literally earning more money for doing things that I would've done anyways without the existence of BlockFi. I can't stop talking about my BlockFi interest account and credit card to my family and friends. I know they're sick of my ish by now. I've referred 8 people in the 3.5 months I've had my account open. The financial results speak for themselves.
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Should You Apply for the BlockFi Rewards Visa® Signature Credit Card?

Overall, the BlockFi Bitcoin Rewards Visa Signature Card is an exciting crypto credit card for consumers that prefer Bitcoin to fiat money cash back rewards. The 1.5% back in BTC is a great feature – even more so for those who plan to spend at least $4,000 on their card each month as that rate is bumped up to 2% in BTC.  The introductory bonus of 3.5% back is also impressive but comes with the caveat that it only applies to the first $100 in BTC.

The fact that the card doesn’t require a CRO or BTC stake to open is another great feature that sets it aside from other crypto prepaid and debit cards, making it an excellent option for those interested in cryptocurrencies and with a good or excellent credit score, but limited crypto resources in their Bitcoin wallets.

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