BlockFi’s Crypto Credit Card Adds More Rewards Potential: Earn Up to 11.5% Back

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There has been a lot of uncertainty in the crypto markets after the recent downturn. Macroeconomic conditions, such as the The Fed raises interest rates and the luna cryptocurrency crashcontributed to this plunge, making cryptocurrencies even more turbulent than usual.

If you continue to invest in crypto, the BlockFi Rewards Visa Signature credit card has added new rewards opportunities starting today. BlockFi encrypted credit card has integrated a program called BlockFi Offers which enables additional crypto rewards when you make purchases from thousands of select brands and Restaurants. Depending on the specific merchant, you can earn up to an additional 10% in your rewards cryptocurrency.

BlockFi offers will work as a Additional rewards feature, in addition to the 1.5% crypto rewards you earn on all purchases. So, if you shop at a merchant who offers you 10% rewards, you will actually earn 11.5% in crypto. As with all BlockFi rewards, you can choose to earn your rewards in any of the 10+ cryptocurrencies offered by the platform, including bitcoins and ether. Gaurav Gollerkeri, Managing Director of Payments at BlockFi, told us that more than 90% of card users opt for bitcoin.

Some of the retailers with enhanced rewards include Adidas, Shake Shack, H&M, Finish Line, Costco, MetaQuest and Jared. You don’t have to register to get the boosted rewards – they’re applied automatically. This program is offered in conjunction with Cardlytics, a financial advertising company.

The BlockFi card is also one of the only crypto credit cards – along with the Gemini credit card — to allow you to move your crypto rewards from the custody platform to yours crypto wallet for enhanced security.

If you want to invest in cryptocurrency despite its volatility, this new rewards feature can help you earn even more crypto rewards on items you already buy. However, if earning crypto isn’t your primary goal, you might want to consider another type of rewards credit card, like a regular credit card. cash back or travel map.

For more information on cryptocurrency rewards and these benefits, check out our full review of the BlockFi Rewards Visa Signature Card.

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