BlockFi Card Review : If You Looking For Crypto Debit Card Than It Is Good Choice

About BlockFi Card

The BlockFi Rewards Visa Signature card is one of the first Visa cryptocurrency credit cards on the market. The card lets you earn rewards in cryptocurrencies, rather than cash back or miles, on every purchase. Purchases made with the BlockFi rewards card earn 1.5% back in bitcoin, ethereum or one of more than 15 other cryptocurrencies deposited to your BlockFi account monthly.

The card also offers 2% back for every dollar over $30,000 spent each year. Plus, cardholders receive up to 10% back from select brands with BlockFi Offers.

BlockFi Card Specification Overview

About BlockFi Company

BlockFi is for the intermediate to the advanced crypto trader looking for a one-stop shop for their cryptocurrency needs. It not only offers the ability to buy, sell, and trade crypto, but it also offers several products for crypto enthusiasts.

Is the BlockFi Card Good For You ?

If you are looking for a credit card with no annual fee and a great return on purchases paid in Bitcoin, the BlockFi Card might be perfect for you. Many investors praise dollar-cost averaging as the best way to invest in crypto, and the card is a great way to start for free. The basic 1.5% back in Bitcoin rate for purchases isn’t mind-blowing, but it’s certainly better than many of the card’s competitors.

How to Apply for the BlockFi Rewards Credit Card

You can apply for the BlockFi Rewards credit card via the BlockFi website. You’ll see a link to “Get your card” on the homepage.

The first step to apply for your card is to sign up for BlockFi. You can do this by providing your full name, a password and confirming that you’re over 18.

Rewards and Features

No Annual Fee

The BlockFi Rewards Visa has no annual fee. Originally, the card was set for a $200 annual fee, but the issuer listened to its client base and reconsidered.

Referral Bonus

As an additional reward, BlockFi provides a $30 crypto reward through its Refer-a-Friend program. Through this medium, users on this platform will receive $30 for every client referral.

There are many other benefits attached to using the BlockFi credit card. Some of these perks include access to all-expense-paid travel, sporting events, shopping, fine wine, and food, to name a few.

No Spending Caps

Unlike many reward cards, there are no spending caps to your BlockFi Rewards. This means that if you’re a frequent spender, you can continue to earn rewards.

No Foreign Transaction Fees

You can use your BlockFi card on your travels without worrying about getting stung with foreign transaction fees. Since many cards charge a 3% fee on international purchases, this card could save you a great deal if you enjoy traveling.

Spending Bonus

If you spend $50,000 or more throughout the year, all your additional qualifying purchases will earn a higher rate of cash back. This bonus applies to your card anniversary date rather than the calendar year.

Access Visa Signature Perks

Since this is a Visa Signature card, you can access the catalog of Visa Signature perks. This includes access to once in a lifetime travel, sporting events, and fine dining opportunities. There is also a 24/7 Concierge service to provide assistance when booking travel, accommodation, transport and events

Trading Bonus

BlockFi Rewards cardholders receive a Bitcoin trading bonus on eligible trades. There is a maximum bonus cap of $500 in Bitcoin per month, but it can be a good way to get a little extra crypto.

BlockFi Credit Card Support

Similar to other traditional credit card companies, BlockFi Rewards Visa Signature credit card has its dedicated support team. This team was created to help cardholders resolve any problem they encounter when using the card.

Additionally, new applicants can reach out to the team to learn more about the status of their card applications. To speak to a member of the support team, call 1-833-426-0304.

This number is available Monday through Friday, 9 am-9 pm ET, and Saturday, 10 am-3 pm ET. You can also contact support by submitting a ticket.

Does BlockFi Rewards Card Affect Credit Score?

The preapproval process for the BlockFi Rewards Visa Signature credit card will not affect an applicant’s credit score. However, applicants who want to proceed to the next stage must agree to a hard credit pull after the preapproval phase.

After agreeing to this term, BlockFi will conduct a credit inquiry. When the hard credit pull occurs, it may impact the credit score of potential cardholders.

BlockFi Card Competitors

BlockFi Rewards Visa Signature Credit Card vs. SoFi Credit Card

The Binance Credit Card is another no-annual-fee card you may want to consider. It offers up to 3% cash back on eligible purchases that you can redeem toward saving, investing or paying down a loan with Binance Lending. 

Is the BlockFi Credit Card Safe?

Yes, BlockFi’s Visa card is safe to use for investors worldwide. Although the rewards are managed by BlockFi, the card is issued by Evolve Bank & Trust. Cryptocurrency assets are held by regulated custodians.

Team Behind BlockFi Company

At BlockFi, Company pride on the variety and depth of talent team represents, ranging from the legacy financial space to the new world of crypto.

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