Gemini Credit Card review: Earn crypto rewards by making eligible purchases
Digital assets have been gaining ground in recent years, with many large financial firms warming up to cryptocurrency. Some companies even allow you the option to buy crypto with a credit card. In the case of The Gemini Credit Card®, you earn crypto rewards via eligible purchases.
If you're on the fence about whether a crypto card is right for you or if you'll get approved, you can prequalify for the Gemini Credit Card without affecting your credit score. Gemini will conduct a basic review of your credit history as part of the prequalification process. Note that prequalifying doesn't guarantee you'll get approved for the card, but it can offer some insight.With most rewards credit cards, the rewards you earn during a given month won't show up in your account until the end of your billing cycle. The Gemini Credit Card works differently. Instead of getting rewarded at the end of your billing cycle, you'll earn your rewards instantly after purchases (note that some purchases may have to clear before receiving rewards). This flexibility is valuable and could help you benefit from upswings in the crypto market quickly.Gemini supports over 50 cryptocurrencies, and you can choose which crypto rewards you'd like to earn with your card. For instance, you might decide you'd like to earn Bitcoin rewards by default, but if you notice that the market is favoring Ether, you could switch your rewards quickly by logging into your card account.
There's no limit to how often you can switch your rewards. That said, the option to earn rewards in over 50 cryptocurrencies is useful, but there are no other options for redeeming rewards with the Gemini crypto credit card.
Some of the available crypto rewards options include:
Amp (AMP)
Bitcoin (BTC)
DAI (DAI)
Dogecoin (DOGE)
Ethereum (ETH)
Litecoin (LTC)
Polygon (MATIC)
USD Coin (USDC)
If you like metal cards and crypto, the Gemini Credit Card could be an ideal option. It has a sleek design you'd expect from a metal credit card, and you can choose from three different color options: rose gold, silver, or black. The option to customize colors offers some fun and added flexibility.
This card also offers a fairly unique feature to keep your card number more secure. With most credit cards, the card number is printed directly on the front or back of the card itself. The Gemini crypto credit card doesn't have the card number printed on it at all. Instead, you can access your card number by logging into your account via the web or Gemini app. The lack of a number on your card could offer added protection.Some credit cards give you a 0% introductory APR on new purchases, balance transfers, or both for a set period. Unfortunately, the Gemini credit card is not one of those cards. The card's regular APR of 17.24% - 29.24% applies immediately, and your APR will depend on your creditworthiness.As mentioned, the Gemini Credit Card doesn't have an annual fee or a foreign transaction fee. You won't pay any exchange fees on Gemini when you earn crypto rewards, either. That said, you will pay a few fees as a cardmember:
Cash advance: either $10 or 3%, whichever is greater
Late payment: up to $8
Returned payment: up to $35
Fees may also apply when you sell crypto on Gemini
If you want to expand your rewards-earning power, you can add up to five trusted friends, family members, or other individuals to your Gemini Credit Card account. Users can spend with the Gemini card, and you can create pre-set spending limits and add or remove users anytime by logging into your account.With this card, you'll get access to World Mastercard benefits like exclusive deals with popular merchants like Lyft, Instacart, Peacock, and Resortpass. Besides deals, you'll get benefits like theft and zero liability protections, access to emergency assistance through Mastercard Global Services, special vacation offers through Mastercard Travel & Lifestyle Services, and more.
There aren't many credit cards that provide crypto rewards for eligible purchases. However, you can use cash-back credit cards to earn cash back and then use that toward crypto purchases.
Why we like it: The Chase Freedom Unlimited is one of our favorite cash-back cards because it offers an elevated rewards rate on all eligible purchases, plus higher rates in specific spending categories, such as dining. This makes it easy to always earn rewards on purchases you're already making.
How to redeem rewards for crypto purchases: There's no minimum amount to redeem for cash back and you can receive a direct deposit into most U.S. checking and savings accounts. This is essentially straight cash you can use for whatever you want, including crypto purchases.Why we like it: The Capital One Savor is one of the most rewarding cards available for earning cash back on everyday purchases. If you want a high rewards rate on purchases like dining and groceries, consider this card.
How to redeem rewards for crypto purchases: You can redeem rewards for a check, which you can deposit into a bank account and use for any eligible purchase, including buying cryptocurrency.Why we like it: The Citi Custom Cash Card lets you customize how you earn your cash back, which is fairly unique among rewards credit cards. Maximizing your earning potential is simplified because you automatically receive a high 5% cash-back rate on your top eligible spend category each billing cycle (up to $500 spent).
How to redeem rewards for crypto purchases: ThankYou Points can be redeemed for bank deposits or checks, giving you two ways to get the cash you need for crypto purchases.This article was edited by Ben Walker (CEPF, CFEI®)
Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
This investment turned $50,000 into $23 million in 10 years. It's still a buy.
In life, you make things happen, watch things happen or wonder what happened. Don't let your cash slip away unnoticed. Throughout history, moments come when our basic assumptions shift quietly beneath our feet. Most people don't notice until it's too late. I bought my mother-in-law a condo — and she took out a $30,000 car loan. Now she refuses to get a roommate. 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? Circle's stock is having another big day. What the blockbuster IPO has meant for other cryptocurrency plays. I help my elderly mother every day and drive her to appointments. Can I recoup my costs from her estate? S&P 500 changes are imminent. Robinhood and these other stocks could join the index. Imagine two young fish swimming together. An older fish passes by, greeting them, 'Good morning, boys. How's the water?' One fish looks puzzled, leans toward the other, and mutters, 'What the hell's water?' This analogy perfectly illustrates our relationship with our money. You've been floating cluelessly in a fish tank of government funny money for so long you've forgotten you're all wet. Every year, central banks crank the printing presses into overdrive, flooding the economy with more paper currency. Politicians treat debt as endlessly available, with no consequences. This is not capitalism. This is economic waterboarding. And yet we accept it as normal, just as residents of a town that floods every spring casually accept disaster. They move their sofas upstairs, prop up their televisions and shrug: Flooding, to them, is inevitable. When a fresh-faced optimist asks, 'Why don't we just drain the swamp?' he's laughed out of town — until someone suddenly realizes, 'Wait, we actually can drain the swamp.' That's our money system. Instead of sandbags, politicians toss trillions of newly printed dollars at us, hoping we'll float a bit longer. But each fresh flood of cash makes the problem worse. MarketWatch Live: Home to the world's top-performing currency this year, Russia cuts interest rates for the first time since 2022 Bitcoin BTCUSD is the grown-up choice in a world run by toddlers with credit cards. It's not a Band-Aid or a 'patch' or one more empty promise from a politician who'd lose money running a lemonade stand. Instead, bitcoin is stable precisely because no central banker can muck it up. Every minute you hesitate is another moment your wealth gets eaten by money-printing machines run by bureaucrats who think math is an inconvenience. Bitcoin isn't just another investment; it's financial Kevlar for the inevitable gunfight between your wallet and the world's central planners. Protect your savings, or don't — but don't say you weren't warned. But first, understand clearly why you're facing this situation. We live with a profound economic paradox: Technological advances continually lower the cost of living, yet prices keep climbing. Your money buys far less today than 10 or 20 years ago, despite incredible progress. Why? Inflation. It's baked into a monetary system engineered to steadily devalue currency. Most accept this erosion as natural — it isn't. Bitcoin provides an alternative, yet few truly grasp it. Labels like 'digital gold,' 'investment' and 'bubble' confuse rather than clarify, causing bitcoin to remain vastly underutilized. Bitcoin isn't digital gold, although it shares gold's GC00 scarcity. It is not merely a speculative asset you buy hoping prices rise. Instead, understanding bitcoin requires adopting a new mindset. Bitcoin is an open, decentralized system built specifically to securely store and freely exchange value — without banks or bureaucrats getting in the way. Nobody controls bitcoin. Yet everybody can benefit. Consider how the internet transformed information. Before, gatekeepers— newspapers, TV networks — controlled what you saw. The internet removed those gatekeepers, allowing free and instant access to information. Bitcoin applies the same principle to money. It removes financial gatekeepers, eliminates fees and prevents inflationary manipulation, putting control of your finances permanently into your hands. Bitcoin's core innovation is decentralization. Its security isn't backed by banks or governments; it's rooted in mathematics, cryptography and a global network of independent participants. There is no CEO, no headquarters and, crucially, no way to print more currency. This revolutionary design ensures no one can seize your bitcoin, freeze your accounts or dilute your savings. It's money designed intentionally to be fair, neutral, secure and universally accessible. Grasping bitcoin demands a fundamental rethinking — not just about technology but about money itself. It challenges deeply held beliefs about freedom and control. Read: Here's how much higher gold prices can still go — even after doubling the past two years Right now, governments and banks decide how much money to print. Imagine playing the board game Monopoly, but one player secretly prints extra bills. Suddenly, everyone's cash is worth less, and prices rise uncontrollably. This is inflation. It shrinks your savings and paycheck, making everyday life more expensive. Asset owners — those with stocks and real estate — benefit, while regular earners suffer dwindling purchasing power. Bitcoin completely flips this scenario. Its supply is capped at 21 million coins. No government or bank can ever create more. Rather than losing value over time, bitcoin protects — and potentially enhances — your purchasing power. Think of bitcoin like rare baseball cards or limited-edition sneakers. Finite supply plus growing demand equals increased value. Instead of your savings eroding each year through inflation, bitcoin rewards you by maintaining or growing your buying power. Secured by mathematics and powerful computing, it's unforgeable digital gold: safe, scarce and impossible to manipulate. Bitcoin isn't just new money — it forces us to reconsider money's role in our lives entirely. Consider this 10-year investing lesson: On June 2, 2015, imagine you faced a crucial choice. You had $50,000 saved for your child's education. Two investment paths appeared clearly. One, a familiar S&P 500 SPX fund — the SPDR S&P 500 ETF SPY —promising stable, reliable growth. The other, bitcoin: experimental, misunderstood, yet uniquely resistant to inflation. Ten years later, the outcomes diverged dramatically: Bitcoin: Your $50,000 bought roughly 220 coins at about $227 each. Now, with the cryptocurrency recently at about $102,000 per coin, your investment is worth around $23.2 million. S&P 500 ETF: Your $50,000 purchased roughly 236 shares at about $212 each. Now, with the ETF recently at $593 per share, your investment totals roughly $140,000. After adjusting for inflation averaging 3% annually, each 2025 dollar equals 74 cents in 2015 purchasing power. In real, after-inflation terms, your bitcoin investment maintains $17.1 million in buying power, while your S&P 500 ETF preserves about $104,000 — still a gain, but dwarfed by bitcoin's inflation-adjusted returns. This 10-year lesson teaches us something profound about our assumptions. Ultimately, the question isn't just about returns; it's about sovereignty. The real lesson isn't about luck or risk. It's about whom you trust with your money. Do you want your financial destiny dictated by institutions that profit from quietly eroding your wealth, or do you want to become your own banker, operating under principles that respect your financial independence? Read: Trump administration rescinds Biden-era caution about crypto in 401(k) plans — here's what that means for you Here's what keeps me up at night: Right now, somewhere, a couple is arguing over money. A parent is calculating whether they can afford their kid's college tuition. A retiree is watching their savings evaporate, one grocery trip at a time. They're all making the same mistake. See, there are only two kinds of people in this story. Those who act. And those who become cautionary tales their grandchildren whisper about: 'If only Grandpa had bought bitcoin when it was just six figures … ' The math doesn't lie. The 10-year proof is staring you in the face. Your choice isn't between safe and risky anymore. It's between two futures: In one, you're explaining to your family why you ignored the biggest wealth transfer in human history when the evidence was screaming at you. In the other, you're the one who saw what was coming and acted. Twenty years from now, only one question will matter: Were you the smart money or the scared money? Garcia holds positions in bitcoin and gold. . More: America's biggest lender is closing its wallet — and investors and home buyers will feel it. Here's what to watch. Also read: The 'mother of all credit squeezes' is coming — hang on to your wallet 'I'm not wildly wealthy, but I've done well': I'm 79 and have $3 million in assets. Should I set up 529 plans for my grandkids? What's at stake if world's most powerful market finally buckles after decades-long U.S. debt splurge My daughter's boyfriend, a guest in my home, offered to powerwash part of my house — then demanded money How do I make sure my son-in-law doesn't get his hands on my daughter's inheritance? Never mind the tariffs and tantrums. The 'dual equity pain trade' means new highs for stocks. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Coinbase CEO Warns Bitcoin Will 'Take Over As Reserve Currency' If US Fails To Get Debt Under Control
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Does Bitcoin have the potential to become the reserve currency of the world? This is an idea that core believers in the asset have toyed with for years. The reasoning is that disillusionment with the debt-driven fiat system will lead to a mass exodus to Bitcoin due to its scarcity, neutrality and global accessibility. Amid growing U.S. debt concerns, the chorus that the age of Bitcoin is near is growing louder. 'If the electorate doesn't hold congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency,' Coinbase (NASDAQ:COIN) CEO Brian Armstrong said Wednesday on X in response to data showing that U.S. debt was a hair's breadth away from $37 trillion. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . 'I love Bitcoin, but a strong America is also super important for the world,' Armstrong said. 'We need to get our finances under control.' Just the day before, Gemini CEO Tyler Winklevoss posted 'Buy bitcoin' in response to a similar chart. These sentiments come as the rising U.S. debt is likely to negatively impact investor confidence in the country, which could reflect on the dollar. And many believe that the cracks have begun to show as, amid uncertainty, investors have not flocked to the dollar and U.S. Treasury bonds as usual. Economists Charles Collyns and Michael Klein recently warned that if this pattern continues, it could pave the way for multiple reserve currencies to emerge alongside the dollar. Whether Bitcoin will emerge as one of the alternatives remains to be seen. Concerns over the ballooning U.S. debt have grown in recent weeks amid debates over the President Donald Trump's 'big beautiful bill,' which recently passed the House. Trending: New to crypto? on Coinbase. The bill aims to extend and introduce tax cuts, allocate billions to enhance border security, increase the debt ceiling and implement cuts to spending on social programs such as Medicaid and food assistance. In Trump's telling, this bill will put significantly more money in the pockets of Americans and boost defense. However, the Congressional Budget Office said the bill could add at least $3.3 trillion to the U.S. deficit over the next decade, exacerbating concerns about the debt. The bill has drawn flak from even some of Trump's supporters, including Tesla (NASDAQ:TSLA) CEO Elon Musk. 'This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,' Musk said on Tuesday. 'Shame on those who voted for it: you know you did wrong. You know it.' But the Trump administration continues to downplay these concerns. Treasury Secretary Scott Bessent told CBS earlier this week that calculations of the impact of the big beautiful bill on the U.S. deficit did not account for anticipated revenue from Trump's controversial tariffs and other initiatives. 'So the deficit this year is going to be lower than the deficit last year, and in two years it will be lower again,' Bessent said. 'The goal is to bring it down over the next four years, leave the country in great shape in 2028.' Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article Coinbase CEO Warns Bitcoin Will 'Take Over As Reserve Currency' If US Fails To Get Debt Under Control originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 hours ago
- Yahoo
Crypto's Shocking Transformation: How Bitcoin Volatility Plummeted From 400% To 80%
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin's journey from digital experiment to mainstream investment has been marked by one defining characteristic: extreme price volatility. However, data from NYU Stern's Volatility Lab reveals a remarkable transformation in how dramatically Bitcoin's price swings, offering important lessons for today's investors. Between 2010 and 2017, Bitcoin experienced volatility that would make even the most seasoned traders nervous. During this period, annualized volatility frequently exceeded 200% and occasionally spiked above 400%. To put this in perspective, traditional stocks typically see volatility between 15-30% annually. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . This extreme volatility reflected Bitcoin's status as an unproven digital asset with minimal institutional backing. Small trading volumes meant that even modest buy or sell orders could trigger massive price swings. News events, regulatory announcements, or technical developments could send prices soaring or crashing within hours. The 2017 cryptocurrency bubble perfectly exemplified this era. Bitcoin's price rocketed from under $1,000 to nearly $20,000 before crashing back down, creating the kind of volatility that attracted speculators while terrifying traditional investors. Following the 2017-2018 market correction, something interesting began happening. Bitcoin's volatility started declining meaningfully. Between 2018 and 2020, volatility generally ranged between 50% and 150% – still extreme by traditional standards, but a significant improvement from the earlier chaos. This period coincided with several important developments: major companies began accepting Bitcoin payments, institutional investors started taking notice, and cryptocurrency exchanges became more sophisticated and regulated. These factors contributed to deeper liquidity and more stable price discovery. Current data shows Bitcoin's volatility has continued moderating, now typically ranging between 30%-80%. While this remains substantially higher than stocks or bonds, it represents a dramatic evolution from Bitcoin's early days. Recent analysis shows Bitcoin's average volatility sitting around 80%, with minimum levels reaching as low as 31%. This represents remarkable progress for an asset that once regularly experienced 300%-400% volatility. Trending: New to crypto? on Coinbase. This volatility evolution carries several important implications. First, Bitcoin has become more accessible to risk-conscious investors who were previously deterred by extreme price swings. Institutions and retail investors alike can now consider Bitcoin allocation with more predictable risk parameters. However, 'more stable' doesn't mean 'stable.' An 80% volatility level means investors should still expect significant price movements. Bitcoin can easily gain or lose 20%-30% in a single week, making it unsuitable for investors who can't tolerate substantial short-term losses. The data also suggests this maturation trend may continue. As Bitcoin's market capitalization grows and institutional adoption increases, basic economics suggests volatility should continue declining gradually. For investors considering Bitcoin exposure, this volatility evolution suggests several strategies. Dollar-cost averaging becomes particularly attractive, as it helps smooth out price fluctuations over time. Position sizing remains critical – financial advisors typically recommend limiting Bitcoin exposure to 1%-5% of total portfolios. Risk management takes on heightened importance. Even with reduced volatility, Bitcoin remains far more volatile than traditional assets, requiring careful consideration of overall portfolio risk. Bitcoin's volatility journey from 400% to 80% represents one of the most significant developments in cryptocurrency history. While still volatile by traditional standards, this evolution reflects Bitcoin's gradual transition from speculative experiment to legitimate asset class. For investors, this trend suggests Bitcoin is becoming more investable while remaining distinctly different from traditional assets. Understanding this evolution helps investors make informed decisions about whether and how to include Bitcoin in their portfolios, recognizing both its progress and its continued unique risk profile. Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock This article Crypto's Shocking Transformation: How Bitcoin Volatility Plummeted From 400% To 80% originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
