BlockFi Crypto Credit Card - Reviews, Benefits & Fees

Looking for a way to spend your crypto? Look no further than the BlockFi Crypto Credit Card! This card allows you to spend your Bitcoin, Ethereum, Litecoin and GUSD anywhere Visa is accepted.

In this article, we will review the benefits of the card, as well as its fees. We will also give you a step-by-step guide on how to apply for the card. So, what are you waiting for? Read on to learn more!

What is a Crypto Credit Card?

A Crypto Credit Card is a credit card that allows you to spend your cryptocurrencies like cash. This type of card is becoming increasingly popular as more and more people are interested in using their cryptocurrencies for everyday purchases.

What is The BlockFi Crypto Credit Card?

The BlockFi Crypto Credit Card is a new way to spend your crypto. With the BlockFi card, you can use your crypto as collateral to get cash back or earn rewards points.

How Does The BlockFi Crypto Credit Card Work?

The BlockFi Crypto Credit Card is a Mastercard that allows you to spend your cryptocurrency anywhere that accepts Mastercard. When you use the card, your cryptocurrency is converted into USD and the purchase is made with that.

There are no fees for using the card or converting your crypto to USD. You will only be charged interest if you don't pay your balance in full each month.

The BlockFi Crypto Credit Card is currently available to residents of the United States and Puerto Rico.

What is The Best Crypto Credit Card in 2023?

If you're looking for the best crypto credit card in 2023, you'll want to consider BlockFi. BlockFi is a leading provider of cryptocurrency-backed loans and credit products. They offer a wide range of services including credit cards, personal loans, and merchant processing.

What Are The Key Features of The BlockFi Crypto Credit Card?

The BlockFi Crypto Credit Card offers a number of key features that make it an attractive option for those looking to use their cryptocurrency holdings to make purchases.

Perhaps most notably, the card allows users to spend their crypto without having to convert it to fiat currency first. This can potentially save cardholders a significant amount of money on transaction fees, as they will only be charged the standard credit card fee of around three percent.

Another key feature of the BlockFi Crypto Credit Card is that it offers a rewards program that allows cardholders to earn points for every purchase they make. These points can then be redeemed for discounts on future purchases, or even converted into cash back. The specific details of the rewards program will vary depending on the card issuer, but BlockFi currently offers a rate of one point per dollar spent.

Finally, the BlockFi Crypto Credit Card comes with a number of built-in security features that help to protect cardholders from fraud and theft. These features include things like multi-factor authentication and data encryption. Additionally, the card issuer also provides cardholders with a dedicated customer service team that is available 24/seven to help resolve any issues that may arise.

What Commissions and Fees Does The BlockFi Crypto Credit Card Come With?

The BlockFi Crypto Credit Card comes with a few different types of fees.

First, there is a monthly service fee of $50. This fee covers the costs associated with maintaining your account and providing customer service.

There is also a foreign transaction fee of three percent. This fee is applied to any purchases made in a currency other than USD. Finally, there is a cash advance fee of five percent. This fee is applied to any cash advances you make with your BlockFi Crypto Credit Card.

What Cryptocurrencies Can You Use With The BlockFi Crypto Credit Card?

The BlockFi Crypto Credit Card allows you to spend your cryptocurrencies anywhere that accepts Visa. That means you can use it at millions of merchants worldwide, both online and offline. Plus, you'll earn rewards on every purchase you make.

So whether you're buying groceries or booking a vacation, the BlockFi Crypto Credit Card is the perfect way to use your cryptocurrencies.

What Are The Advantages of The BlockFi Crypto Credit Card?

The BlockFi Crypto Credit Card comes with a lot of advantages that make it worth considering for anyone who spends a lot of time using cryptocurrency.

For starters, the card is connected to your BlockFi account which means that you'll be able to use your cryptocurrencies to make purchases anywhere that accepts Visa. That's right, this is a regular credit card that can be used anywhere Visa is accepted.

Another big advantage of the BlockFi Crypto Credit Card is that it doesn't charge any foreign transaction fees. That's a huge benefit for anyone who travels frequently or makes purchases in other countries.

Furthermore, the card also comes with a rewards program that allows you to earn points for every purchase you make. These points can be redeemed for a variety of different things, including cash back, gift cards, and even travel.

Finally, the BlockFi Crypto Credit Card comes with a built-in mobile app that allows you to track your spending, view your account balance, and more. This is a great feature for anyone who wants to stay on top of their finances.

What Are The Disadvantages of The BlockFi Crypto Credit Card?

The BlockFi Crypto Credit Card has a few disadvantages. First, it has a high annual fee of $200. Second, it doesn't offer any rewards or cash back. Finally, its foreign transaction fees are quite high.

Overall, the BlockFi Crypto Credit Card is a decent option for people who want to use their cryptocurrency holdings to make everyday purchases. However, it's not the best option for everyone.

What Are Some Alternatives to The BlockFi Crypto Credit Card?

If you're looking for alternatives to the BlockFi Crypto Credit Card, there are a few options out there.

Coinbase Card

One option is the Coinbase Card, which is a Visa debit card that allows you to spend your cryptocurrency anywhere that accepts Visa.

BitPay Card

Another option is the BitPay Card, which is a prepaid Visa card that allows you to spend your cryptocurrency anywhere that accepts Visa.

Uphold Card

Finally, there's the Uphold Card, which is a prepaid debit card that allows you to spend your cryptocurrency anywhere that accepts MasterCard.

Can You Lose Money With The BlockFi Crypto Credit Card?

If you're like most people, the thought of losing money is a scary proposition. And when it comes to investments, there's always the potential for loss. So is it possible to lose money with the BlockFi Crypto Credit Card?

The short answer is yes. However, it's important to understand that losses are a possibility with any investment.

Is The BlockFi Crypto Credit Card Safe?

It depends. BlockFi has been known to be one of the more reliable companies in the space, however, there have been some issues in the past. Overall, though, if you're looking for a safe way to spend your crypto, the BlockFi card is a good option.

How Do You Apply For a BlockFi Crypto Credit Card?

To apply for a BlockFi Crypto Credit Card, you'll need to be a US citizen or resident alien with a valid Social Security number, and you'll need to meet BlockFi's minimum income requirements.

You can apply online or over the phone. If you're approved, you'll receive your card within seven to ten business days.