{"id":45713,"date":"2021-07-07T19:33:23","date_gmt":"2021-07-07T16:33:23","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45713"},"modified":"2025-09-01T12:33:49","modified_gmt":"2025-09-01T09:33:49","slug":"blockfi-launches-bitcoin-cashback-visa-card","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blockfi-launches-bitcoin-cashback-visa-card\/","title":{"rendered":"BlockFi launches Bitcoin-cashback Visa card"},"content":{"rendered":"<p>BlockFi, the crypto-lending platform, has launched a Visa credit card offering 1.5-2% Bitcoin cashback for US customers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The BlockFi Bitcoin Rewards Credit Card is officially here. <a href=\"https:\/\/t.co\/van79ljtnM\">https:\/\/t.co\/van79ljtnM<\/a><\/p>\n<p>\u2014 BlockFi (@BlockFi) <a href=\"https:\/\/twitter.com\/BlockFi\/status\/1412440416159367173?ref_src=twsrc%5Etfw\">July 6, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The company first announced plans in December 2020. As of now, the waitlist has surpassed 400,000 people. BlockFi CEO Zac Prince expects the firm to meet its obligations to them by the end of July.<\/p>\n<p>Cashback for BlockFi\u2019s Rewards Visa Card holders will be 1.5% on every purchase. Rewards will rise to 2% for purchases over $50,000 per year. New customers can expect 3.5% back during the first 90 days or until the cashback amount reaches the equivalent of $100.<\/p>\n<p>BlockFi has set zero annual fee. Foreign transaction fees are also waived. There is a 0.25% cashback on the merchant fees charged on the firm\u2019s platform.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cEleven years have passed since the first Bitcoin payment transaction. Our offer will mark a new milestone in the history of the industry. The card will make it easy to earn bitcoins simply by making everyday purchases,\u201d<\/em>, said Flori Marquez, co-founder and chief operating officer at BlockFi.<\/p>\n<\/blockquote>\n<p>The crypto-lending platform has offered the option to obtain bitcoins without the need to register on an exchange or pay fees. It could attract customers and earn from the charges levied on each cardholder purchase, wrote <a href=\"https:\/\/www.forbes.com\/sites\/emilymason\/2021\/07\/06\/visa-and-blockfi-launch-2-bitcoin-rewards-credit-card\/\">Forbes<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cCryptocurrency cashback programs are an effective way to engage consumers in the crypto economy,\u201d<\/em> commented Terry Angelos, vice president and head of Visa\u2019s fintech division.<\/p>\n<\/blockquote>\n<p>In the first half of 2021, Visa cryptocurrency cardholders spent more than <a href=\"https:\/\/u1f987.com\/en\/news\/visa-crypto-card-holders-spent-more-than-1-billion-in-h1-2021\"> $1 billion <\/a> using them.<\/p>\n<p>In April, the cryptocurrency exchange Gemini<a href=\"https:\/\/u1f987.com\/en\/news\/gemini-and-mastercard-to-launch-crypto-cashback-credit-card\"> signed<\/a> an agreement with Mastercard and WebBank to issue in the summer of 2021 a credit card with the possibility of earning cashback in Bitcoin or one of 30 other cryptocurrencies.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news stream, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlockFi launches a Visa credit card with 1.5-2% Bitcoin cashback for U.S.-based customers.<\/p>\n","protected":false},"author":1,"featured_media":45714,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1436,157],"class_list":["post-45713","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-blockfi","tag-visa"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45713"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45713\/revisions"}],"predecessor-version":[{"id":45715,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45713\/revisions\/45715"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45714"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}