Digital Assets: Gemini Introduces Instant Crypto Rewards Credit Card

The credit card features Mastercard as the exclusive card network.

Crypto platform Gemini, which was founded by the Winklevoss twins, has launched the Gemini Credit Card. It’s the first instant crypto rewards credit card that provides a seamless way for consumers to acquire up to 3%+ back from 60+ cryptocurrencies supported on Gemini’s platform. Issued by WebBank, the new card features Mastercard as the exclusive card network. (CISION PR Newswire)

Gemini Credit Card

Features are:

  • Made of 75% recycled stainless steel
  • Available in silver, rose gold and black colors
  • No annual fees; no foreign transaction fees; no exchange fees to receive crypto rewards
  • Instant access in a digital version once the card is approved to the customer
  • Used anywhere Mastercard is accepted
  • Rewards – up to 3% crypto back on dining+, 2% crypto back on groceries, and 1% crypto back on all other purchases
  • Rewards are automatically deposited in customers’ Gemini account after converting the USD reward value into the selected cryptocurrency; change the selected crypto reward currency as often as you like

More than 500,000 customers have already signed on to a waitlist for the Card.

“In partnership with Mastercard and WebBank, we developed the Gemini Credit Card to offer a simplified way to invest in crypto without asking consumers to change their daily behavior,” said Pravjit Tiwana, CTO. “With the Gemini Credit Card, users also have access to a single trusted platform to buy, sell, store, and earn real interest in crypto, and we couldn’t be more excited to make it widely available across the United States.”

Related Story: Crypto Exchange Gemini’s Earn Scheme Offers Upto 7.4% APY On Your Crypto

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