Visa Cryptocurrency

Best Crypto Credit Cards | The Ascent

Best Crypto Credit Cards | The Ascent
Written by publishing team

Crypto Credit Cards vs Crypto Debit Cards

Crypto credit cards and crypto debit cards are very popular, and it’s easy to confuse them. But just like traditional credit and debit cards, they are two different methods of payment.

When you use an encrypted credit card, You are borrowing money from the credit card issuer. The card issuer pays for your purchases up front, and you pay them back later. There can be interest charges, but if you pay the full balance of your card by the due date, you’ll avoid interest on your purchases.

Learn more: How does interest on a credit card work?

When you use a coded debit card, You spend your own money. The cryptocurrency debit card is usually connected to your account on the card issuer’s crypto platform. Transactions are deducted from the cryptocurrency balance. There are also prepaid crypto debit cards that you can load with money, either in cryptocurrency or fiat currency (traditional currency, such as the US dollar). Our pick, the card is essentially a prepaid debit card.

Learn more: What is a debit card?

How to Choose the Best Crypto Credit Card

Choosing the best encrypted credit card can be a lot different than shopping for any other type of credit card. Here are the things to look at to find the right thing.

card issuer

For the most part, crypto credit cards are issued through platforms that allow you to buy and sell cryptocurrencies. It is also usually only available to users of this platform. For example, if you want to get a BlockFi Rewards Visa® Signature credit card, you will need an account with BlockFi to apply for it. This is a limitation you won’t need to consider with most of the best credit cards.

If you already have an account with any cryptocurrency exchange apps, start by checking if they offer their credit cards. This is the most convenient option, since you are already a customer. However, if you want to open accounts with other platforms, it is also a good idea to compare all your card options.

Types of cryptocurrencies available

Each crypto credit card has different cryptocurrency that you can earn as rewards. Most cards give you at least a few options, but the number varies slightly.

If you are flexible about the cryptocurrency you receive, you can choose any crypto credit card. But if you want to earn a certain cryptocurrency, look for a credit card that offers it.

Learn more: Types of Cryptocurrency

Rewards rate

Rewards rate is how much a crypto credit card earns on purchases. Some crypto cards earn one flat price across all purchase tiers. Other cards offer higher rates in reward categories and a lower price on purchases outside of those reward categories.

The most important thing is to choose a crypto credit card with a good rewards rate. Fixed-rate cards tend to work well for just about anyone, but if you have high spending in certain categories, you can benefit more from a bonus category card.


It can make all the difference a crypto credit card is the best value. Here are the most common types of fees to look for when comparing credit cards:

  • Annual fee: Annual fee charged to the card. The majority of crypto cards are not annual fee credit cards, so you can find plenty of options that you can get for free. This is a big plus, because when your credit cards don’t cost you money every year, you’re less likely to run into a situation where you have too many credit cards.
  • Foreign Transaction Fee: A fee charged for transactions made in foreign currencies or processed through foreign banks. It’s a good idea to have a credit card with no foreign transaction fees, and if you’re a frequent international traveler, this is practically a must.
  • Cryptocurrency sales fees: Some cards charge a fee when selling your crypto rewards. While this doesn’t necessarily mean that you need to exclude those cards, a card without this type of fee may be a better deal.

Learn more: How to choose a credit card

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publishing team