BlockFi News! No Annual Fee, New Benefits for BTC Visa Credit Card
June 2, 2021 by DanCurranJr
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The First Bitcoin Rewards Card Just Got Better! Anyone who follows the cryptocurrency industry knows that the upcoming release of the BlockFi Rewards Visa Signature Card is set to be a game-changer. This brand new credit card pays cardholders 1.5% back in Bitcoin on every purchase they make and can be used globally, anywhere Visa® is accepted.
The First Bitcoin Rewards Card Just Got Better!
Anyone who follows the cryptocurrency industry knows that the upcoming release of the BlockFi Rewards Visa Signature Card is set to be a game-changer. This brand new credit card pays cardholders 1.5% back in Bitcoin on every purchase they make and can be used globally, anywhere Visa® is accepted.
With the card rollout just around the corner, They have announced updated benefits designed to make the cardholder experience even better. First and foremost, they listened to their clients and have officially decided to eliminate the annual fee for the BlockFi Rewards Visa Signature Card.
Plus, there are no foreign transaction fees, so travelers can feel free to use their card abroad.
They have also increased the introductory earnings rate for cardholders. Clients who sign up for the card will now receive a 3.5% Bitcoin rewards rate for the first 90 days. In addition, they created a new rewards tier: Cardholders will earn 2% back in Bitcoin on every dollar spent over $50,000 annually.
Who doesn’t like getting even more Bitcoin?
Not Sure If You’ll Be Approved for the Card?
They’ve got you covered: applicants can see if they’re pre-approved without impacting their credit score before they apply. There’s a wide range of other bonuses they are offering to cardholders. They include:
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Stablecoin Bonus — Cardholders with stablecoin assets such as GUSD, PAX, or USDC in a BlockFi Interest Account (BIA) can earn up to an extra 2% APY on top of the prevailing stablecoin APY. Over the first year of card membership, the stablecoin bonus will accrue based on cardholders’ average daily stablecoin balance.
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Trading Bonus — The BlockFi credit card makes trading on BlockFi even more rewarding. Cardholders who trade cryptocurrencies on our platform will earn 0.25% of their trading volume back in Bitcoin, up to a maximum of $500 in BTC every single month. Trade more, earn more bonus bitcoin—it’s that simple.
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Refer-a-Friend Bonus — We’re all about sharing the wealth. That’s why cardholders who make successful referrals to BlockFi earn an extra $30 in Bitcoin for each friend they refer, on top of our base Refer-a-Friend program. With this bonus, you can earn $40 in Bitcoin for each of your first four referrals and up to $50 in Bitcoin for each referral thereafter. Best of all, there’s no limit to how many referrals you can make and how much in bitcoin referral bonuses you can earn.
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The Benefits Keep Coming!
“Our new credit card is going to be a major disruptor in the crypto industry, making it easier and more convenient than ever before for anyone to earn Bitcoin while engaging in day-to-day transactions,” said Zac Prince, Founder and CEO of BlockFi. “And thanks to our partnership with Visa, clients will enjoy the advantages of a product that can be used around the globe.”
On top of the rewards offered from BlockFi, cardholders will also receive a wide range of Visa Signature Benefits, such as:
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Concierge — Cardholders will receive help to research and book travel, make dining reservations, find event tickets, and even help with shopping.
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Auto Rental Collision Damage Waiver — Cardholders will receive auto rental coverage for physical damage, vandalism, theft, reasonable towing, and more.
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Travel and Emergency Assistance Services — Cardholders will be connected to the right resources to help resolve a wide variety of travel emergencies.
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Luxury Hotel Collection — Cardholders get the best available rate guarantee, automatic room upgrade upon arrival (when available), VIP guest status, and more.
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And That’s Just the Tip of the Iceberg.
Cardholders will also be able to take advantage of auto rental discounts, golf benefits, food and wine programs, and much more.
If you haven’t signed up for the BlockFi Rewards Visa® Signature Credit Card waitlist yet, there’s no time to waste.
Claim your spot on the list today so you don’t miss out on amazing new opportunities to earn Bitcoin.
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