Gemini launches crypto rewards card
(19 April 2022 – United States) Gemini, a cryptocurrency platform to buy, sell, earn, and store crypto, has launched its first credit card offering cryptocurrency “rewards” on customers’ purchases in all 50 US states.
The Gemini Credit Card is issued by WebBank and features Mastercard as the exclusive card network.
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 new offering provides clients with a simple way to acquire cryptocurrencies without having to pay fees or navigate the sometimes complicated onboarding processes at exchanges. The card also offers other benefits such as access to exclusive offers with select merchants and comes with no annual fee or foreign transaction fees.
“Last year, the crypto industry had its breakout moment with 44% of crypto owners in the U.S. reported first buying crypto in the last year. Gemini is committed to helping drive more education and offer innovations that remove barriers of entry for consumers who want access to crypto such as bitcoin," said Gemini CTO Pravjit Tiwana.
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