The #BlockFi credit card, when launched, will be the first #Bitcoin credit card on the market. There are plenty of crypto debit cards, but no actual #crypto credit cards. And while there is a lot of hype about this card for someone looking to buy crypt, there is a huge flaw with this credit card.
00:00 – Start
00:18 – Thoughts on Crypto
1:22 – Launch Timeframe
1:55 – What Does It Earn?
5:14 – Bonus
6:35 – Annual Fee
6:50 – Extra Perks
7:34 – Thoughts
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21 comments
What an underwhelming card!
I'm not sure we would want a bitcoin earning credit card anyways. Might go from a cash back redemption, nontaxable, to instant capital gains.
I am now putting 100% of my cash back into crypto, serious stuff like Ethereum, Cardano, and maybe Polkadot. We have a decade of growth and patterns forming, it is no longer a fringe fly-by-night. Ignore the digital Beanie Babies, go for what offers utility.
Great video good sir
Great video again! Also anyone know how long it takes Amex for bonus to deposit? My Amex platinum and was like $700 over min spend so not worried but also never had a bonus take so long(~2 weeks after end of sign up bonus period). Is that normal?
The only credit card youtuber standing that I can trust. Lost faith in all the other ones who are frankly turning into pump and dump scammers no matter how positively I try to see them.
I do think that Crypto will play in important role in finances in the future but, I don't think it will replace currency in the near future either. I do think that the technology associated with certain tokens is going to prove very beneficial in time. Even though I may disagree with some of your views on crypto, I think you killed it in this video. This card does have quite a few flaws and I think that the way you highlighted them was excellent! There are going to be a lot of videos coming out talking about how great the card is but, man, you did such a good job sharing the opposing view. Especially pointing out the whole cash back instead of bitcoin rewards, well done. I look forward to seeing your video about the Gemini card.
If you cant tell the difference between a good coin and a shittcoin, you shouldnt be investing in crypto.
Excellent video.
Thank you very informative 👍
What a horrible product…at least for me. I'll pass on this lol, but it's metal haha! Keep up the great work Dustin and keep moving forward!
What card you advise that I can get in europe and pays you % for holding btc, eth and stable coins?
Terrible video . The point of the card is to DCA and to hold for the long term who cares if Bitcoin was lower hold for another month or two and the price would be double . 1.5 percent in Bitcoin turns to 10.5 percent when Bitcoin goes up 8 to 10x
I haven’t been getting your video recommendations 😭.
If you live in America there are much better credit cards out there! But if you live in Europe this is a god send. In the UK, credit cards are terrible for rewards. 1.5% back, no foreign transaction fees, no annual fee, made out of metal, all the perks in BlockFi. This is great!
You don’t get it
Oh my Lord! This is the most ignorant video I've ever seen. The USD price is irrelevant. Whether BTC is 10k or 100k you're still getting the exact same amount of Bitcoin ~ 1.5%. You're collection BTC (That has averaged over 200% APR over it's lifespan). That 1.5% will appreciate along with BTC at that 200% average. Just keep collecting SATS!
A lot of Bitcoin girls in these comments hating on him
It's a new frontier any which way. So cool to be the holders of the first BTC credit card!
Cash back cards usually carry foreign transaction fees. This should be taken into account for nomads or frequent travelers.
Second, you said crypto was gambling? Based on what exactly? I understand coins with little to no value. Other coins, do not match this argument because the value will always be there due to the energy provided to maintain their networks, as well as their other benefits. For instance, some coins(very few) have been adopted by companies already and are being run to provide infrastructure for their services. The currency argument I completely concede for the time being. Since crypto hasn’t beat visa.
Can you review the Gemini credit card when it comes out?
So if I want to accumulate 1.5% cash back converted into Bitcoin using dollar cost averaging without having to do anything, I should get this card? Got it. You lost me at I don’t like crypto haha.