Cryptocurrency card rewards programs are a rapidly growing trend, blending traditional finance with the evolving crypto industry. Like their traditional counterparts, crypto debit cards enable users to earn transaction rewards. These reward systems drive cryptocurrency adoption by incentivizing participation in the digital economy.
With the potential to bolster digital asset portfolios and enhance purchasing power, crypto debit card rewards can significantly expedite financial goals. Especially when the value of the rewarded cryptocurrency increases, users can benefit from a compounding effect, further boosting their buying power and, subsequently, their rewards.
This article will discuss the best crypto card rewards and how they work in detail below:
Cryptocurrency card rewards work similarly to traditional credit or debit card rewards but with some unique differences tied to the nature of digital assets. Here is a brief rundown of how these rewards typically function:
The natural beauty of crypto card rewards lies in their potential for growth. Cryptocurrency can appreciate over time, unlike traditional reward points, which maintain a stable value.
When choosing a crypto debit card, comparing each card’s different rewards is essential. You should also consider the fees associated with the card and the security features. Here are the top choices:
The PlasBit crypto card, powered by Mastercard and Visa, offers a seamless solution for managing and spending your digital assets. Its wide acceptance allows for online payments, Point-of-Sale (POS) purchases, and even ATM withdrawals, granting you the freedom to pay in your local currency regardless of location. The card comes with the added advantage of low fees, making your transactions cost-effective.
Security is also at the forefront of the PlasBit card’s features. Equipped with an EMV chip and a designated PIN code for ATM withdrawals, it ensures your digital assets are always protected. If the card is misplaced or compromised, you can instantly lock and unlock your card, providing an added layer of security and control over your funds.
PlasBit has one of the best crypto card rewards systems that are unique as they offer exclusive features. They include:
The Binance Card is a Visa debit card that allows you to spend your cryptocurrency at over 60 million merchants worldwide. You can transfer crypto from your Spot Wallet to your Funding Wallet and then use your Binance Card to make payments. There are no ATM withdrawal or foreign transaction fees within Europe and no signup or annual fees.
The Binance Card also offers a cashback rewards program. You can earn up to 8% cashback in BNB every time you spend EUR or crypto. The cashback is automatically deposited in your Funding Wallet.
The Coinbase debit card is a Visa debit card that allows you to spend funds from your Coinbase cash or cryptocurrency balance with 0% spending fees on all purchases. The card is accepted anywhere Visa is accepted, at over 40M+ merchants worldwide.
To use the card, you must link your Coinbase account to the card and choose which cryptocurrency you want to spend. When you make a purchase, Coinbase will automatically convert your cryptocurrency to US Dollars and use that to pay for the purchase.
The Coinbase debit card also has one of the best crypto card rewards programs. You can earn up to 4% back in cryptocurrency on all purchases. The specific cryptocurrency you earn rewards in will rotate every month.
The Crypto.com Visa Card is a prepaid debit card that allows users to spend their cryptocurrency and earn rewards in CRO, the native token of the Crypto.com ecosystem. The card is available in four tiers: Midnight Blue, Ruby Steel, Jade Green, and Icy White/Rose Gold. The card tier determines the amount of CRO rewards that are earned and the other benefits offered, such as airport lounge access and higher ATM withdrawal limits.
To use the Crypto.com Visa Card, users must top up the card with cryptocurrency or fiat currency. Once the card is topped up, it can be purchased anywhere that accepts Visa. The card also offers cashback rewards on eligible purchases paid out in CRO.
The BitPay Card is a prepaid debit card that allows users to spend their cryptocurrency anywhere Mastercard is accepted. The card is funded by the user’s BitPay Wallet, which can be loaded with Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and other supported cryptocurrencies. Once the card is funded, users can use it to purchase online or in-store.
The BitPay Card also offers one of the best crypto card rewards programs, allowing users to earn cash back on purchases. The amount of cash back earned depends on the type of purchase and the merchant. For example, users earn 1% cash back on all online purchases and 2% on all purchases made at participating merchants.
The BitPay Card rewards program offers two types of cashback:
Maximizing your crypto card rewards requires a combination of smart spending and strategic planning. Here are some tips and best practices to help you get the most out of your crypto card:
Many providers offer the best crypto card rewards for specific spending categories, such as dining, travel, or online shopping. If your card provider follows a similar policy, aim to use your card predominantly in these higher-reward categories. For instance, if you earn more rewards for dining, consider using your crypto card whenever you eat out or order food online.
Some crypto card providers offer attractive signup bonuses to new users. These bonuses can give your rewards balance a significant initial boost. To maximize these bonuses, ensure you understand the criteria to qualify for them. This could involve spending a certain amount within the first few months of getting your card or making a specific number of transactions.
One of the simplest ways to earn more rewards is to use your crypto card for everyday purchases. From grocery shopping and utility bills to online subscriptions and fuel, these regular expenses can quickly generate significant rewards over time. Just remember to pay off your balance regularly to avoid potential interest or late fees.
The value of your rewards depends on the market price of the rewarded cryptocurrency. By monitoring cryptocurrency market trends, you can strategically time your spending and redemption of rewards to maximize their value. For example, if you predict a particular cryptocurrency’s price is about to rise, you might hold onto your rewards until it does.
Remember, the key to maximizing your crypto card rewards is to align your spending habits with the reward structure of your card. Doing so can turn everyday transactions into opportunities to grow your digital asset portfolio.
The best crypto card rewards will vary depending on your spending habits and preferences. Some factors include the type of rewards offered, the amount of rewards you can earn, the fees associated with the card, and the overall value of the card.
It’s important to note that not all cards offer monetary value as a reward system. For example, PlasBit offers anonymity and top security to make users settle for security and privacy. Other cards can also offer travel perks and discounts. Therefore, go for the best crypto card rewards depending on your needs.