JERSEY CITY, NJ, July 6, 2021 / PRNewswire / – BlockFi is pleased to announce that the highly anticipated BlockFi Rewards Visa® Signature Credit Card is currently available to select eligible US waitlist customers.
Since the waiting list was introduced in December 2020, the waiting list for the BlockFi Rewards Visa® Signature Card has garnered nearly 400,000 people. After successful beta tests, BlockFi and its partners have started offering the first on the waiting list for credit cards to apply for the card and to release the card to selected customers.
BlockFi
Card recipients can get 1.5% back in Bitcoin on every purchase they make. In addition, cardholders receive a Bitcoin Reward Rate of 3.5% for the first 90 days. Cardholders can also earn 2% back in Bitcoin for every dollar spent $ 50,000 yearly. For every transaction, cardholders can earn Bitcoin rewards. Once redeemed, Bitcoin rewards are transferred to a cardholder’s BlockFi Interest Account (BIA), where rewards can earn crypto interest, which means even more bitcoin.
The BlockFi Rewards Visa® Card can be used anywhere Visa® is accepted, along with a variety of additional Visa® bonuses, including travel options, fine wine and food, sporting events, shopping and more. Some of the special offers include upgrades at more than 900 of the world’s most prestigious hotels with the Visa Signature Luxury Hotel Collection (Terms & Conditions apply). In addition, with Silvercars purely Audi rental cars, cardholders can save on premium ground transport.
“Crypto rewards programs are a compelling way of engaging consumers in the crypto economy,” said Terry Angelos, Senior Vice President and Global Head of Fintech at Visa. “We’re excited to see programs like the BlockFi Rewards Visa® Card, which offer rewards relevant to the growing community of digital currency users.”
“The crypto industry has come a long way since the first bitcoin payment transaction was made 11 years ago,” said Flori Marquez, Co-Founder and SVP of Operations at BlockFi. “Today almost everyone knows the important role crypto is playing in reshaping the financial space, and our new credit card will be another game changer. today’s purchases. “
BlockFi also offers cardholders a wide range of additional bonuses and earning opportunities including:
- Stablecoin Bonus – Cardholders with stablecoin assets such as GUSD, PAX or USDC in a BlockFi Interest Account (BIA) can earn up to 2% APY on top of the prevailing stablecoin APY. During the first year of card membership, the stablecoin bonus is accumulated based on the cardholder’s average daily stablecoin balance that is deposited Bitcoin, up to $ 200.
- Trading bonus – The BlockFi credit card makes trading with BlockFi even more rewarding. Cardholders trading cryptocurrencies on the platform will get 0.25% of their trading volume back in Bitcoin, up to a maximum of $ 500 in BTC every month. Trade more, earn more bonuses Bitcoin– as simple as that.
Note: Trading from stablecoin to stablecoin is excluded from this bonus. - Referral Bonus – Cardholders who successfully recommend BlockFi earn an extra $ 30 in Bitcoin for every friend they recommend, in addition to the basic refer a friend program. With this bonus customers can earn $ 40 in Bitcoin for each of your first four referrals and up to $ 50 in Bitcoin for any further recommendation thereafter. And best of all, there is no limit to the number of referrals customers can make and how much in Bitcoin Referral Bonuses They Can Earn.
The BlockFi Rewards Visa® Card has no annual fee. Applicants can see if they have been pre-approved without affecting their creditworthiness before applying *. The card has an elegant metallic design and a distinctive Bitcoin logo. Developed through partnerships with Visa®, Evolve Bank & Trust and Deserve, this innovative product offers all of the standard Visa signature benefits that cardholders have come to expect.
If you haven’t been put on the waiting list, there is no time to waste. Register today, you don’t want to be the last person without.
Media contact for BlockFi:
Ryan Dikovitsky/Ellie Johnson
Dukas Linden Public Relations
[email protected]@ DLPR.com
* Before you have accepted the credit card offer, there will be a soft credit pull. Once you’ve accepted your credit card offer, there is a tough credit pull that can affect your credit score.
Disclaimer: Inclusion on the waiting list to apply for the BlockFi Bitcoin Rewards Credit Card (“Card”) does not guarantee that you will be eligible to receive the Card. Geographical, regulatory and underwriting restrictions apply. Fees and terms are subject to change, and additional terms of service apply to the card. BlockFi product prices are subject to change. The digital currency is not legal tender, is not supported by the government, and crypto interest accounts are not subject to FDIC or SIPC protection.
For more information, see the BlockFi Terms of Use. By being placed on the waiting list to apply for the card, you agree to receive marketing communications in accordance with BlockFi’s privacy policy. Cards are made by Evolve Bank & Trust, a member of FDIC, under a Visa® licensee. issued United States Inc.
Nothing in this announcement should be construed as a solicitation of an offer to buy or an offer, or a recommendation to buy or sell any security, commodity, investment, or any other transaction. The information provided in this release is not intended for distribution to or use by any natural or legal person in any jurisdiction or country in which such disclosure or use would violate any law or regulation. This announcement is not addressed to any person in any jurisdiction where publication or availability of the announcement is prohibited by reason of their nationality, place of residence or any other reason.
Neither BlockFi nor its affiliates or agents offer legal, tax or accounting advice. You should consult your legal and / or tax advisor before making any financial decisions.
Learn more at BlockFi.com.
BlockFi Lending LLC NMLS ID # 1737520 | BlockFi Trading LLC NMLS ID # 1873137
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