Best Crypto Credit Card

One of the cards that you’ll see on many “best crypto credit card” lists is the Brex card. Well, it’s not a CRYPTO credit card, per se; it actually is a traditional credit card that also allows users to redeem their rewards for crypto.

Brex credit card is made specifically for businesses. So, if you’re searching for the best crypto credit card for your personal needs, Brex is definitely not for you. If you need a corporate credit card, however, Brex is suitable for startups with a minimum of $50,000 cash balance or mid-market companies and enterprises with at least $400,000 monthly revenue.

You can get both a virtual and a physical Brex card that is issued on the Mastercard payment network, which means it’s acceptable worldwide. One of the more unique features of the Brex card is that it has a dynamic limit structure based on the financial factors of the business in question. Also, it has no annual fees and no personal guarantee.

But enough about the card's technical details, you can learn more on the official Brex website. Since you’re looking for the best crypto credit card, you’re probably more interested in the question: How does the Brex reward system work?

Brex provides a point-based rewards system. This means that you’ll get a certain amount of points for each purchase. Initially, you get 1 point for each $1 spent. Though, certain purchases qualify for 2x, 3x, 5x, and 7x multipliers. For example, you can get 7 points per $1 spent on rideshares and taxis.

You can redeem these points for various types of rewards, including gift cards, statement credits, cashback, miles, and, of course, crypto.

Speaking of crypto rewards, Brex supports two crypto assets – Bitcoin and Ethereum. 1 point can be redeemed for 0.7 cent worth of crypto. You must redeem at least 1,000 points per transaction ($7 worth of crypto), but you cannot redeem more than 1 million points ($7,000 worth of crypto).

Do note, though, that you’ll be charged a network fee for redemption based on the asset in question (the fee is paid to transaction validators).

The ability to redeem Brex points for crypto was introduced in May 2021. This redemption option is made possible through Brex’s partnership with TravelBank, which is a travel booking service. What does it have to do with crypto?

TravelBank partners with Coinbase, which is one of the most popular crypto exchanges on the market. So, when you want to redeem your points for crypto, TravelBank places a buy order on Coinbase on your behalf (for either ETH or BTC) and then these assets are sent straight into your Coinbase wallet.

Therefore, if you don’t have a Coinbase wallet already, make sure to create one. Of course, you’ll be able to transfer your crypto later to another wallet, if you wish. For example, you can easily transfer your funds from the Coinbase wallet to a hardware wallet like Ledger Nano X for stronger security.

Now, the last point that should be discussed in this Brex crypto credit card review is whether it is a crypto credit card USA users can access. Well, Brex is an American company, so – yes, Brex is definitely an option if you’re searching for a crypto credit card in the USA.

In fact, it’s even easier to get the card if you’re based in the USA, because you have to have a valid US incorporation, a US EIN issued by the IRS, and a US billing address. Besides, international businesses have to comply with additional requirements, like opening a US bank account, having a valid international residential address, providing their operations in the US, and so on.

All in all, Brex is a credit card for businesses that allows turning its reward points into Bitcoin or Ethereum, which makes it one of the best crypto credit cards on the market (or, at least, the closest thing there is to a crypto credit card these days).

Venmo credit card is present on many “best crypto credit card” lists, even though it’s not an actual crypto credit card. It does, however, offer the “Cash Back to Crypto” feature. Therefore, Venmo is a traditional credit card that allows turning rewards into crypto, which brings it pretty close to the concept of a crypto credit card, right?

According to various crypto credit card reviews, Venmo is a very popular credit and debit card provider in the US. It simplifies the process of sending money to your friends and family, splitting bills, and, of course, purchasing goods and services from businesses that accept Venmo payments.

Venmo has no annual fees and no fees when it comes to sending money to other people. However, it does charge a 3% fee when you pay for goods and services. Besides, it also charges the prime rate plus a variable APR (from 11.99% to 20.99%, depending on your account type) for purchases.

Now that we got the basics out of the way, what’s the deal with Venmo credit card rewards? Essentially, it provides users with up to 3% cashback on their purchases. However, the cashback depends on the categories of your purchases and on their popularity.

There are eight categories: travel, dining & nightlife, groceries, entertainment, and bills & utilities, transport, health & beauty, and gas.

The popularity of the categories is custom for each user as it depends on how much a user spends on each category. A 3% cashback is given for your highest spending category, a 2% cashback for the subsequent category, and 1% for all other categories.

Where does crypto come in, though? Well, for one, the Venmo app allows you to buy, hold, and sell crypto. So, if you were wondering, “Can you buy crypto with a credit card?”, the answer is – yes, some even offer built-in functions for doing that.

Talking about buying crypto with Venmo, you can use your cashback to do that and even set a function for automatic purchases through the “Cash Back to Crypto” feature.

As of writing, there are four supported cryptocurrencies – Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. You can even set price alerts on said crypto assets that will inform you once their price changes by 5-10% in the span of one day.

The crypto purchasing process on the Venmo app doesn’t incur additional transaction fees. However, there is a crypto conversion spread you’ll have to pay with each monthly transaction.

There are two core requirements you must comply with if you want to get the card – you must live in the US, and you must have a good to excellent credit score (690 and above). This implies that the Venmo card is a crypto credit card for USA-based users only. Therefore, it’s not an option for international users.

Overall, according to many Venmo crypto credit card reviews, it’s a convenient credit card that simplifies the process of sending money to your friends or making various purchases while earning cashback in return (which can then be used to buy crypto). Though, it's only accessible in the USA, but if you’re searching for the best crypto credit card USA residents can get, this just might be it.

Alternative to Crypto Credit Cards – Crypto Debit Cards

As you can see, there are not many legit crypto credit cards because it’s not yet a popular thing in the crypto world. What is a popular thing, however, is crypto debit cards. In fact, sometimes, people who search for the best crypto credit cards are actually searching for crypto debit cards.

You see, these two concepts often get mixed up. Let’s unmix them. A crypto credit card allows you to earn rewards in crypto from purchases made using borrowed fiat money (which you’ll have to give back later).

Crypto debit cards, on the other hand, are connected to your bank account and/or a crypto wallet and can be used to make purchases with fiat AND crypto you own. Besides, they usually provide rewards as well.

I’ll explain this in more detail later. For now, though, let’s check out some of the best crypto debit cards on the market.

If you’ve realized that you need to find the best crypto debit card instead of the best crypto credit card, the KuCoin card (KuCard) is definitely worth your attention. It’s a crypto debit card launched by KuCoin, one of the crypto exchange giants. Though, as of writing, it’s not yet available for ordering (but soon will be).

The KuCard is a physical and virtual card accepted by millions of merchants that accept Visa. You can connect it to Google or Apple Pay, making it a very convenient payment option. Besides, you can quickly manage your money and keep an eye on your spending on the KuCoin app.

Of course, the KuCoin debit card will allow you to pay using various crypto and fiat currencies. However, as of writing, it only supports USDT and ETH (more currencies will be added in the future).

Talking about the benefits of the KuCard, it’s worth noting that it offers exclusive rewards to its users, including up to 10% cashback, various discounts, and much more. Besides, it enables real-time crypto-to-fiat conversion, which is done instantly when you want to make a purchase using crypto.

To sum up, the KuCoin debit card surely is a promising player on the market that will allow you to generate rewards while spending your crypto and fiat currencies.

You’ll surely find the Coinbase card in many “best crypto debit card” lists (and even some “best crypto credit card” lists, even though it’s not one). This is the case because it’s a crypto debit card launched by Coinbase, one of the most secure cryptocurrency exchanges on the market.

Just like any other crypto debit card, it allows you to spend your crypto like you can spend traditional fiat currencies – to buy clothes, food, or pay your bills. You can use the Coinbase debit card in many places where Visa is accepted. It instantly converts your crypto to fiat whenever you want to make a purchase.

What makes the Coinbase card stand out is its currency support. When it comes to fiat, it only supports USD. However, when it comes to crypto, it supports all crypto assets that the Coinbase exchange supports, which is over a few hundred. This is the case because the Coinbase card is linked to your Coinbase account.

Does it offer any rewards? It does, but they are slightly smaller compared to some other crypto debit cards. The Coinbase card provides users with cashback that range from 1% to 4%, depending on the crypto assets they want to earn rewards in. You can choose from such currencies as BTC, ETH, XLM, and more.

The card is available in the US and several countries in Europe. So, if you were searching for a crypto credit card USA residents can use, you might want to look into the Coinbase card. Even though it's not a credit card, it definitely is one of the best crypto debit cards out there.