Gemini, a cryptocurrency platform to buy, sell, earn, and store crypto, today announced the Gemini Credit Card is now available in all 50 U.S. states. Cardholders can earn up to 3% crypto back on dining, 2% crypto back on groceries, and 1% crypto back on all other purchases, with rewards automatically deposited into their Gemini account. The Gemini Credit Card is issued by WebBank and features Mastercard (NYSE:MA) as the exclusive card network.
Since launching the waitlist, the Gemini Credit Card has amassed more than 500,000 sign-ups. Cardholders will be able to use the Gemini Credit Card anywhere Mastercard is accepted and can choose from among 60+ types of cryptocurrencies currently supported for rewards on Gemini’s exchange platform, including bitcoin, ether, dogecoin and other tokens.
When a cardholder makes a purchase, Gemini automatically converts the USD value of the reward into the selected cryptocurrency and deposits it into the cardholder’s Gemini account. This process happens as soon as the transaction is approved for most merchant categories. Cardholders can change their selected crypto reward as often as they like which allows them to earn a wide variety of cryptocurrencies over the course of each month.
Additional features of the Gemini Credit Card include:
- No annual fees: The Gemini Credit Card has no annual fee and no foreign transaction fees. There are no exchange fees to receive crypto rewards.
- Instant access: After approval, customers can instantly access a digital version of their Gemini Credit Card on the Gemini mobile or web application. In addition, consumers can add the card to their mobile wallet and begin making purchases online, in-app, and at the point of sale.
- Security-first design: Sensitive information, such as the 16-digit card number, is removed from the physical card and only accessible to cardholders via the Gemini mobile or web application.
- Stainless steel: The Gemini Credit Card’s sleek, stainless steel card is made from 75% recycled material and is available in three color options including silver, rose gold, and black.
- World Mastercard Benefits: Customers can receive access to exclusive offers with select merchants such as DoorDash, HelloFresh, Lyft (NASDAQ:LYFT) and ShopRunner, as well as Mastercard’s Priceless Experiences. The Gemini Credit Card will include advanced security features including Mastercard ID Theft Protection, Zero Liability and Price Protection.
- 24/7 live customer support