Gemini lets you change the type of crypto you’re getting in rewards at any point - which means if you’re getting Bitcoin rewards but would like to start getting Ethereum, it’s simply a matter of changing your preferences using the card’s app.īut when you change your preferred crypto, it won’t affect your existing rewards. That being said, there’s one catch that you need to be aware of. The Gemini Mastercard automatically converts the rewards accumulated into your designated crypto and then places them into your account.īetter yet, the rewards are placed into your account immediately after most purchases, so you don’t have to wait to get your crypto assets. Unlike many other rewards credit cards, the Gemini credit card’s redemption process is quick and simple. You’ll get an uncapped 1% back in crypto on other purchases.You’ll get 2% back in crypto on all grocery store purchases.An annual spending cap of $6,000 applies. You’ll get 3% back in crypto on dining purchases.This applies to purchases of up to $200 per month for two months. You’ll get up to 10% back in crypto on gas purchases.Here’s a quick breakdown of Gemini’s rewards program: Your crypto rewards amount depends on the type of purchase - and it’s also worth pointing out there are a couple of rewards caps you need to be aware of within certain rewards categories. With the Gemini Mastercard, you can choose from over 50 cryptocurrencies. The Gemini credit card is one of the only credit cards on the market that lets you earn rewards in the cryptocurrency of your choice. What makes the Gemini credit card stand out from many other types of credit cards is its unique rewards structure. Want to find more great rewards credit card options? Use our free card explorer tool now. All the details of the Gemini credit card Rates and fees They also offer you some decent incentives that’ll help you earn rewards while you build your credit. These rewards cards are all designed for customers with bad credit (or no credit history at all). Good places to start your search include the Revvi credit card, the Self Visa card, or the Destiny credit card. These cards require you to pay a security deposit, which then typically represents your credit limit. The most accessible rewards credit cards tend to be secured rewards cards. There are plenty of rewards credit cards designed for people with fair or poor credit - although those options generally don’t offer crypto rewards. If you don’t have excellent credit, don’t stress. In terms of the FICO score system, that translates to a score of 670 or more. To qualify for the Gemini Mastercard, you generally need a good or excellent credit score. For example, the Visa offers a flat rate of 5% on all transactions.īecause the Gemini Mastercard is an unsecured card, your credit score is a huge factor in your eligibility. It also has no annual or monthly fees, so it’s a cheap way to invest small amounts in crypto.īut at a max of 3% crypto cash back (apart from a capped 10% rate at gas stations), the Gemini credit card rewards rate is lower than that of other crypto credit cards. The Gemini Mastercard helps you build your crypto portfolio passively without investing cash in your digital assets. That’s because you need a crypto exchange account with Gemini to get your crypto rewards. The Gemini credit card (or “Gemini Mastercard”) could be a smart option for casual crypto investors already using the Gemini exchange to trade cryptocurrencies. This guide will explain what makes the Gemini credit card stand out from its competitors, outline how the card’s crypto cash back program works, and highlight popular card alternatives. Gemini, one of the world’s leading crypto exchanges, has recently teamed up with credit card issuer WebBank to release a co-branded card that rewards you with crypto cash back whenever you spend fiat currency with it. The Gemini credit card is a new and innovative way to do just that. If you’re a cryptocurrency investor, chances are you want to do everything possible to maximize the number of coins in your digital wallet.
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