BlockFi Offers A BTC Rewards Credit Card

In an email from the founders sent out on January 1, 2020, BlockFi has announced a Bitcoin (BTC) rewards credit card.

In the first few weeks of 2020, BlockFi will be adding support for USD Coin (USDC) and Litecoin (LTC), with competitive interest rates similar to those already offered by BlockFi.

BlockFi will also be launching a mobile app, and adding fiat on and off ramps.

While probably the most anticipated product from BlockFi in 2020 is it's BTC rewards credit card. They are still developing the newest BlockFi product, and you will be able to spend money on your BTC rewards credit card like you normally do, except instead of earning airline miles or cash-back, you’ll be able to earn what BlockFi says will be an industry-leading, BTC cash-back rate on every transaction that you make with the card.

They see the credit card as a way to add value to crypto OGs, and a catchy way to introduce crypto to non-owners in an easy, familiar way.

This article is not intended to be financial advice. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Crypto Block does not provide investment, tax, legal, or accounting advice.

As always, do your due diligence before investing, and never invest more than you can afford to lose.

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