The new Upgrade Bitcoin Rewards Card earns 1.5% back in bitcoin and comes with Visa Signature benefits.
Bitcoin; Rachel Mendelson/Insider
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The newest entry to the crypto rewards game comes with a straightforward earning structure.
There is no waitlist for the Upgrade Bitcoin Rewards Card – anyone can apply today.
It’s a Visa Signature card, which comes with benefits like rental car coverage and hotel perks.
Read Insider’s guide to the best rewards credit cards.
The crypto craze may seem a bit quieter than it was earlier this year, but the crypto credit card landscape is heating up. Upgrade launched a new version of the Upgrade Card today that allows cardholders to earn bitcoin rewards on every purchase they make.
There is no waitlist (other crypto-focused cards have all launched with a sign-up-now-for-access-later approach), and the Upgrade Bitcoin Rewards Card comes with a straightforward earning structure:
1.5% back in bitcoin on every purchase
No annual fee
Bitcoin rewards must be held for 90 days prior to selling it (and when you do sell, you’ll pay a 1.5% transaction fee)
When comparing Upgrade’s new card with the card from BlockFi, the other major player currently active in the bitcoin rewards space, Upgrade’s is a clear winner in avoiding any confusion. BlockFi’s offering comes with a $200 annual fee and bonus opportunities for trading crypto and holding stable coin assets, which can be potential head spinners for anyone new to the space. Upgrade’s 1.5% back in rewards is a familiar value proposition.
Read more: The best cash-back credit cards to apply for right now
The company launched the new card in partnership with Visa, and it comes with all the standard Visa Signature benefits such as secondary car rental insurance, extended warranty protection, and perks at luxury hotels.
We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.
Creating ‘an on-ramp’ to the complex crypto highway for everyone
Cryptocurrency may be associated with an emerging cast of Gen Z and Millennial consumers, but Renaud Laplanche, CEO of Upgrade, told Insider that the company is aiming to “build innovation for the broader public and for families – not just for a few folks in Silicon Valley.”
“Many of our customers are not necessarily early adopters,” Laplanche said. “Our average customer is in their 40s. Very few …read more
Source:: Business Insider