Best Crypto Credit Cards | The Ascent


Crypto credit cards vs. crypto debit cards

Crypto credit cards and crypto debit cards are both popular, and it’s easy to get them confused. But just like traditional credit and debit cards, they’re two different payment methods.

When you use a crypto credit card, you’re borrowing money from the credit card issuer. The card issuer pays for your purchases upfront, and you repay it later. There can be interest charges, but if you pay your card’s full balance by the due date, you’ll avoid interest on your purchases.

LEARN MORE: How Does Credit Card Interest Work?

When you use a crypto debit card, you’re spending your own funds. A cryptocurrency debit card is normally connected to your account on the card issuer’s crypto platform. Transactions are deducted from your cryptocurrency balance. There are also prepaid crypto debit cards that you can load with funds, either in crypto or fiat currency (traditional currency, like the U.S. dollar). Our pick, the Card is a prepaid debit card essentially.

LEARN MORE: What Is a Debit Card?

How to choose the best crypto credit card

Choosing the best crypto credit card can be much different than shopping for any other type of credit card. Here are the things to look at to find the right one.

Card issuer

For the most part, crypto credit cards are issued by platforms that let you buy and sell cryptocurrency. They’re also usually only available to that platform’s users. For example, if you want the BlockFi Rewards Visa® Signature Credit Card, then you’ll need an account with BlockFi to apply for it. This is a restriction you wouldn’t need to consider with most of the best credit cards.

If you already have an account with any cryptocurrency apps and exchanges, start by checking whether they offer their own credit cards. This is the most convenient option, since you’re already a client. However, if you’re willing to open accounts with other platforms, it’s also a good idea to compare all your card options.

Types of cryptocurrency available

Each crypto credit card has different cryptocurrencies you can earn as rewards. Most cards give you at least a few options, but the number varies quite a bit.

If you’re flexible about which cryptocurrency you receive, then you can pick any crypto credit card. But if you want to earn a specific cryptocurrency, look for a credit card that offers it.

LEARN MORE: Types of Cryptocurrency

Rewards rate

The rewards rate is how much a crypto credit card earns on purchases. Some crypto cards earn one flat rate across all purchase categories. Other cards offer higher rates in bonus categories and a lower rate on purchases outside of those bonus categories.

What’s most important is to pick a crypto credit card with a good rewards rate. Flat-rate cards tend to work well for just about anyone, but if you have high spending in certain categories, you could benefit more from a bonus category card.


These can make a big difference in which crypto credit card is the best value. Here are the most common types of fees to look for as you compare credit cards:

  • Annual fee: A yearly fee charged for the card. The majority of crypto cards are no annual fee credit cards, so you can find plenty of options you can get for free. This is a big plus, because when your credit cards aren’t costing you money every year, you’re less likely to run into a situation where you have too many credit cards.
  • Foreign transaction fee: A fee charged on transactions made in foreign currencies or that are processed through foreign banks. It’s good to have a credit card with no foreign transaction fee, and if you’re a frequent international traveler, it’s practically a must.
  • Cryptocurrency sales fee: Some cards charge a fee when you sell your crypto rewards. While this doesn’t necessarily mean you need to rule out those cards, one without this type of fee could be a better deal.

LEARN MORE: How to Choose a Credit Card

Read More: Best Crypto Credit Cards | The Ascent

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