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Last updated on September 8th, 2022
The Gemini Credit Card™
The Gemini Credit Card™
- Regular Purchase APR 15.99% to 26.99% Variable
- Cash Advance APR 28.99% Variable
- 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 Mastercard
- Earn crypto rewards on every purchase with the new Gemini Credit Card™
- Earn rewards in 60+ cryptos on every purchase with the new Gemini Credit Card™
- Watch the crypto you earn land in your Gemini account the instant you swipe, not a month later
- Get up to 3% crypto back* on every purchase with the new Gemini Credit Card™
- A Gemini Mastercard®. Issued by WebBank
- *Terms Apply
- Regular Purchase APR: 15.99% to 26.99% Variable
- Cash Advance APR: 28.99% Variable
- Cash Advance Transaction Fee: Either $10 or 3% of the amount of each cash advance, whichever is greater
- Penalty APR: 32.99% Variable
- Late Payment Penalty Fee: Up to $20
- Return Payment Penalty Fee: Up to $35
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At a Glance
The Gemini Credit Card earns up to 3% back in crypto rewards, with rewards automatically applied to the cardholder’s account. Even better, they can trade and sell their cash back credit card rewards to over 60 different assets – with no annual fee or hidden fees.
Ideal for Those Who:
- Prefer to earn credit card rewards as cryptocurrency
- Want to choose from over 60 different crypto assets
- Plan to spend heavily on groceries and dining
- Don’t want to pay an annual fee
Gemini Credit Card® Review
Earn a Limited-Edition NFT
New accounts with Gemini have a short window to earn a limited-edition NFT. Spend $1,500 following card activation in the first month and unlock a limited edition animated NFT. Existing cardholders are also eligible if they spend the required amount by October 6, 2022.
The value of this welcome bonus is highly subjective – particularly given the volatility in the NFT market in 2022. Still, it can be a cool (and unique) prize that can turn heads, start conversations, or even appreciate with time. Remember that cardholders must create a Nifty Gateway account and link it to their Gemini account before December 16, 2022.
How to Earn (and Trade) Rewards with the Gemini Mastercard®
Like 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 that cardholders are not limited to one type of cryptocurrency for their reward earnings.
Here are the crypto rewards credit cards with the Gemini Mastercard:
- Earn 3% back on dining purchases (for the first $6,000 spent annually and 1% after that.
- 2% back on groceries
- 1% back on all other purchases
Furthermore, with the Gemini Credit Card, users will have access to the Gemini platform to buy, sell, trade, and store crypto. 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 to one kind of crypto, producing a more diversified portfolio.
The main talking point with the Gemini Mastercard® is the ability to earn up to 3% back in crypto rewards, but is the card worthwhile for the average consumer? Here is how the Gemini Card compares to the Citi® Double Cash Card and another crypto credit card, the Upgrade Visa® Card with Bitcoin Rewards:
Citi® Double Cash Card
Upgrade Visa® Card with Bitcoin Rewards
|2% back on all purchases (1% back when you purchase and 1% back when you pay)||Earn 1.5% unlimited cash back in bitcoin when you make payments||
|0% intro APR on balance transfers for 18 months after completing within first 4 months of account opening||Interest rates as low as 8.99% provides the versatility of a balance transfer card with the rewards of a cash back credit card||Competitive APR on purchases; balance transfers not applicable|
|No annual fee||No annual fee||No annual fee|
While the Gemini Card provides lucrative rewards up to the first $6,000 in dining spending, both the Double Cash and Upgrade Bitcoin cards provide streamlined – and enhanced – rewards with no caps or categories. Those who plan to make the most of their credit card might be better options. Still, for those on board with cryptocurrencies and eager to maximize their portfolio, the Gemini Mastercard is an excellent option to consider.
Other Card Features
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, 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 traditional banks offer for fiat money.
Other Gemini Credit Card features:
Should You Apply for the Gemini Mastercard® Credit Card®?
The Gemini Mastercard provides solid cryptocurrency rewards with no annual fee. The 3% back on dining is solid, but the $6,000 annual cap is a letdown for those who plan to use the card and maximize rewards. Still, it provides a solid charging option for those who have several cards and want to increase their crypto stakes.
Even better, the Gemini Mastercard®gives you the flexibility to select from over 60 cryptocurrencies, including native assets, like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE), stablecoins like Gemini Dollar (GUSD), USD Coin (USDC), SPL tokens, and ERC-20 tokens, like 1Inch (1INCH), ApeCoin (APE), and more.
Ultimately, the Gemini Credit Card® is a solid, quality option for those who prefer crypto rewards but don’t want to forgo a credit card with bonus categories. For those that want to use a credit card on groceries and dining. There is plenty to love – and no hidden fees to hate.