Another credit card that earns flat-rate bitcoin rewards is the Upgrade Bitcoin Rewards Visa®. You’ll earn 1.5% rewards in bitcoin when you make payments and pay a $0 annual fee to carry the card.
The foreign transaction fee is $0 too, so you can take this card when traveling abroad with peace of mind.
While the cards sound similar so far, a unique feature of the Upgrade Bitcoin Rewards Visa® is that charges you put on the card are essentially converted to a loan — you’ll pay them off over a fixed period of time at a fixed APR. If you’ve struggled in the past with paying off credit card debt and are concerned you might be tempted to just make the minimum payment (which typically goes mostly toward interest charges), the Upgrade Bitcoin Rewards Visa® could be a better choice for you than a traditional credit card. The APR range is 14.99% - 29.99% APR.
Unfortunately, though, the Upgrade Bitcoin Rewards Visa® is more restrictive than the BlockFi Rewards Visa® Signature Card in how you can use bitcoin you’ve earned. You can sell your bitcoin, but the only way to redeem the proceeds is as a statement credit to your card account.
Note, however, that you can’t get the Upgrade Bitcoin Rewards Visa® if you live in Hawaii, Iowa, Idaho, Indiana, Louisiana, Nevada, New Hampshire, North Carolina, West Virginia, Wisconsin or Washington, D.C.
The Upgrade Bitcoin Rewards Visa® offers the opportunity to earn a sign-up bonus: Earn a $200 bonus on your Upgrade Card after opening a Rewards Checking account and making 3 debit card transactions. See details*.
*To qualify for the $200 bitcoin welcome bonus, you must open and fund a new Upgrade Rewards Checking Account and make 3 debit card transactions within 60 days of your Upgrade Card account opening. The value of the $200 worth of bitcoin provided will be based on the reference rate at the time it is purchased (within 1-2 statement periods from the date the bonus is earned) and such bitcoin may change in value by the time you are able to redeem it. See additional information applicable to bitcoin accounts and services. Your Upgrade Card must be in good standing to receive the bonus.