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Hey Credit Warriors, you may have heard a while back about a proposed credit card that earns rewards in the form of crypto currency. We actually did a video on this a while back. Look at this hairstyle…
Well now the company, which is pronounced Blockrize has increased from 1 to 4 employees and it has actually been bought by Gemini which is a crypto currency exchange. And Gemini is really serious about making this card a reality. Here is what their COO told crypto publication The Block:
“Financial rewards are changing…Consumers are likely less eager to earn hotel points or airline miles, not just because of COVID, but obviously because they’re consistently devalued. One of the compelling aspects of crypto is the fact that it’s an inflationary hedge.”
Gemini COO Noah Perlman
So yeah the idea is you earn rewards in the form of Crypto, the original idea from Blockrize was Bitcoin or Etherium or a 50/50 split of both, and because it is an appreciating asset, although a very unstable one, your rewards will increase in value over time unlike credit card points or airline miles which tend to decrease in value. Like in one recent video I did where I work out the value of the sign up bonus on the Charles Schwab Amex Platinum after 20 years invested in the S&P 500.
Same kind of idea. And Bitcoin really has appreciated an incredible amount over the past year, and even if you look at the 5 year chart, although there was a huge crash somewhere in the middle, we are still way up. I feel sorry for those people who thought it was all over and sold somewhere here, having bought at the peak.
Anyway, there is a landing page where you can join the waiting list for the new card, so let’s take a look at that.
Now it hasn’t been announced whether the card will be a visa or mastercard, the COO says that information plus a load of other exciting features will be announced closer to launch which will be some time later this year.
Now there is some competition BlockFi is also going to release a crypto credit card later this year. It will earn crypto rewards at a flat rate of 1.5% on everything, so it is like the Freedom unlimited of Crypto rewards credit cards. There will be a sign up bonus og $250 worth of bitcoin for spending $3000 in three months, but the card will have a $200 annual fee. But BlockFi is a bit further along in the process, they even have a video…
And it seems they have actually secured Visa as the card’s payment processor. You can also join the waitlist for that card if you are interested.
Guys what do you think of these cards? And if you are interested in Crypto trading but don’t want to wait for these to come out. Stock trading app Webull is now offering Crypto trading too and the best thing is if you sign up and open an account you can get 4 free stocks, with two of those stocks valued between $8 and $1600 after you deposit $100. And obviously that $100 is still yours, you can use it to invest in bitcoin or whatever coin you want. Link below.
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22 comments
Your content is great, I think it's worth investing in! You should create your own coin at mintme
Could you do a video about the best credit cards in Finland? Thanks!
Damn it! My mom bet me – who will get more in the cryp1. But she cheated,found a group of professional player Walter Coin Coin in the Tе-lеg-ram chan-nel. He shows how to automatically copy his actions using the service. As a result, I woeked hard, and my mother used this service, did not sit in front of the computer at all. She won me over. OMG
Is it true Joe Bummer and Camel Toe are going to ban credit cards for Americans?
Thanks for the update Shifu. Me personally I am happy with just cash back cards. The Cash app debit card also currently offers 5% back anywhere in bitcoin on 3 purchases a week. So I can use that if I really want a crypto fix.
Will the rewards be deposited to my Gemini account ?
Good vids, thank you
Could you advise me about XSN coin? They are bridging BTC and ETH/ERC20 chains in their own DEX. Got some tokens and then the price boosted. They got listed on Bitfinex. What do you think?
Thank you for the video.
PRIZM is a cryptocurrency created as a convenient and decentralized tool
for making payments. With high transaction speed and very low fees.
The PRIZM coin holds the future. This is a new generation technology. PoS technology.
PRIZM is easy to buy and sell on various exchanges, exchangers, and even purchase goods and services.
Nice work, man
Do you have a review about Stakenet? It’s a system for decentralized applications and has its own Layer2 cross-chain DEX. They are partners with DuckDAO and have epic cooperations with 9 more platforms(Litecoin among them). Worth buying?
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Good video, liked your review.
Passive profit, especially well realized in PZM cryptocurrency, wallet storage gives profit. PZM is positioned as a cryptocurrency payment system. The PZM blockchain does what it promises and is very good.
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I have a 1.5% no annual fee- cash back card now..I can just go but crypto . They need to get more creative
"up to" can also mean … referrals :\\\
Nothing stands still in the world, and the cryptocurrency sphere is no exception, everyone should switch to PoS mining technology in PRIZM as a more economical, environmentally friendly and, at the end, more profitable cryptocurrency mining process!
Good time. With all due respect to the cue ball, I do not see this power and progress. My opinion is that everything is complicated in simple. The more accessible the coin (so far) and the easier it is to get (cost-free mining), the more people can use it. Such a coin may become a PRIZM (PZM).
You are doing a good thing, thank you! Maybe you are interested in the PRIZM coin and you tell subscribers about it?
It seems that such cards will become commonplace for us. I recently purchased an Ownr prepaid card. Now I'm waiting to get this card.
Another transaction confirmed from +1:2:5:1:2:8:0:3:8:8:3: thanks so much sir
Another transaction confirmed from +1:2:5:1:2:8:0:3:8:8:3: thanks so much sir
Another transaction confirmed from +1:2:5:1:2:8:0:3:8:8:3: thanks so much sir
Another transaction confirmed from +1:2:5:1:2:8:0:3:8:8:3: thanks so much sir