Gemini Credit Card: Earn XRP Rewards
Gemini, a cryptocurrency exchange, has announced that its credit card now allows users to earn XRP rewards. The card, issued by WebBank, was launched in April 2022 and offers cryptocurrency rewards on everyday purchases.
Features and Benefits:
- Tiered rewards system: Up to 3% back on dining, 2% on groceries, and 1% on other purchases
- Over 40 cryptocurrencies available for rewards, including Bitcoin, Ethereum, and XRP
- Flexibility to change preferred crypto reward type at any time
- No limitations on how often reward type can be changed
- Immediate rewards deposited into Gemini account after qualifying purchase
Instant Rewards and Exceptions:
Gemini’s credit card provides immediate crypto rewards, except for pre-authorized transactions at hotels, gas stations, and car rental agencies. In these cases, rewards are deposited when the transaction posts, which may take 24 to 72 hours.
Cost Basis for Rewards:
The cost basis for crypto rewards is determined by the market price of the specific cryptocurrency at the time of disbursement. No fees are charged for providing these rewards.
Fees and Charges:
No annual fee or foreign transaction fees for the Gemini Credit Card. While there are no fees for acquiring rewards, fees may apply when selling or converting them.
Security Measures:
The Gemini Credit Card offers two-factor authentication, state-of-the-art encryption, Mastercard’s Zero Liability Protection, and Mastercard ID Theft Protection™.
Customization and Accessibility:
The card is available in black, silver, or rose gold, and is accessible to residents of all 50 U.S. states. It also comes with 24/7 customer support.
Hot Take:
The Gemini Credit Card’s addition of XRP rewards provides crypto enthusiasts with more options for earning rewards on everyday purchases. With its tiered rewards system and flexibility to change reward types, users can personalize their crypto earnings. The instant rewards feature and security measures make it a convenient and secure option for cryptocurrency users. Overall, the Gemini Credit Card offers a user-friendly experience for those looking to earn crypto rewards.
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