How To Earn Free Bitcoin On All Your Purchases Instead Of Cash Back

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Bitcoin credit card

Bitcoin and its fellow cryptocurrencies have shaken up traditional asset allocation. Most investors who’ve gone heavy on crypto have outperformed, while those who’ve remained on the sidelines have been rewarded with a healthy dose of FOMO.

To this point, steady investors who can’t stomach the thought of purchasing cryptocurrencies—and all the volatility they bring—have been unable to participate in their massive upside. But a new product may solve that: the first credit card to pay rewards in Bitcoin. And it does so on every purchase, instantly.

Free Bitcoin on Every Purchase

The Bitcoin Rewards Credit Card is the first of its kind, paying 1.5% back in Bitcoin on every purchase. The Bitcoin is delivered instantly, with no limits. (You can’t spend beyond your credit limit, of course.)

The card is being issued by BlockFi, which revolutionized crypto investing by issuing crypto-backed loans and offering interest-bearing crypto accounts. The company currently pays monthly interest to investors who hold Bitcoin (up to 5% APY), Ethereum (up to 4.5% APY), and a few other coins. The interest is paid in the cryptocurrency of the account holder’s choice.

Which means…

Compounding Your Free Bitcoin

Without making the psychological leap of actually purchasing cryptocurrency, users of the Bitcoin Rewards Credit Card can not only generate Bitcoin, but let it compound:

1. Make a purchase, earn Bitcoin.

2. Hold the Bitcoin in your BlockFi account, sit back as it earns interest.

3. Accept the interest in Bitcoin.

Voila: compounding Bitcoin, without ever purchasing Bitcoin.

More Rewards, More Free Bitcoin

The card has additional perks, including

  • $250 in bitcoin as a signup bonus if you spend $3,000 within your first three months
  • 3.5% bitcoin rewards on all purchases in months 4-6 of card ownership, up to $100 in Bitcoin
  • 2% extra APY on your average daily stablecoin balance, paid in Bitcoin, up to $200
  • 0.25% back in Bitcoin on all eligible trades, up to a maximum of $500 in Bitcoin each month

Also, the card is a sleek metal instead of traditional plastic. If the card’s giant Bitcoin logo doesn’t get you some inquisitive looks and comments from strangers, its material will.

Bitcoin Rewards Credit Card from BlockFi

Signing Up for a Bitcoin Rewards Credit Card

As with most good things, you’ll have to wait to get your hands on the Bitcoin Rewards Credit Card. There’s currently a waiting list to apply, but there’s great news: last week, BlockFi began shipping the first batch of cards. After months of anticipation, the line is officially moving!

More good news: BlockFi has made the waiting process a lot more fun by gamifying it. The waitlist is ordered based on a “first in, first in line” approach, so the earlier you join, the closer you’ll be to the front. But if you refer others who join the waitlist, your position will improve. Reserve your place in line today!

Author
Ryan Rabasa

Ryan Rabasa is an associate editor at Wealth Gang. His passions are technology, writing, business, and media. He won't trust an investment strategy that doesn't incorporate both technical and fundamental analysis.