What is a Cryptocurrency Credit Card? Why Use One?
A cryptocurrency credit card (often technically a debit card) bridges crypto assets with traditional payment networks, enabling you to spend USDT, BTC, ETH, and other cryptocurrencies directly without converting to fiat first.
How Cryptocurrency Credit Cards Work
When you swipe the card, the system instantly converts your crypto holdings into fiat (e.g., USD, TWD) via Visa/Mastercard networks to complete the transaction.
Example: Buy coffee at Starbucks while deducting funds from your crypto wallet.
5 Key Benefits of Cryptocurrency Credit Cards
1️⃣ Spend crypto seamlessly – No manual exchange or bank transfers needed.
2️⃣ Apple Pay/Google Pay compatibility – Mobile-friendly for contactless payments.
3️⃣ High rewards (2%–10% in USDT/CRO/WXT) – Outperforms traditional credit cards (0.3%–1.5%).
4️⃣ Flexible cash-outs – Some cards support ATM withdrawals for liquidity.
5️⃣ Ideal for crypto users, remote workers, and subscription-heavy spenders.
4 Risks to Consider
⚠️ Volatility: Reward tokens like CRO/WXT may fluctuate in value.
⚠️ Fees: Cross-border/ATM withdrawals can cost 2%–4%.
⚠️ Debit-only: No credit lines or installment plans.
⚠️ Regulatory uncertainty: Service availability varies by region.
Cryptocurrency Credit Card Rewards & Fees Comparison
| Card Name | Bybit Card | Bitget Card | Wirex Card | Redotpay Card | Crypto.com Card | EtherFi Card |
|---|---|---|---|---|---|---|
| Transaction Fee | 0.9% | 0.9% | 0% | 2.2% | 1.5% | ~0.7% |
| Cashback | 2%–10% (USDT) | BGB (TBA) | 0.5%–8% (WXT) | None | 1%–10% (CRO) | 2%–3% (SCR) |
| ATM Fees | Free first $150/month | 2% + $0.65 | Free first $250/month | 3%–4.2% | Varies by tier | Coming soon |
| Payment Network | Mastercard | Visa | Visa | Visa | Visa | Visa |
| Apple Pay | ✅ | ✅ | ❌ | ✅ | ✅ | ✅ |
| Key Perk | 100% rebate on select subscriptions | USDT spending | High WXT rewards | Quick cash-outs | Airport lounge access | Chain-native, 8.7% APY |
🔹 Rates and benefits may vary by account tier/region. Confirm details with issuers.
Top Picks for Different Needs
🏆 Best for Chain-Native Spending: EtherFi Card
- Non-custodial wallet integration (MetaMask/Safe).
- Earn 8.7% APY on stablecoins while spending.
- 3% cashback in SCR/ETHFI.
- Supports Apple Pay/Google Pay.
👉 Apply for EtherFi Card
🏆 Best for High Rewards: Crypto.com Card
- Up to 10% CRO cashback.
- Full rebates on Spotify/Netflix.
- Airport lounge access (premium tiers).
🏆 Best for USDT Spendings: Bybit/Bitget Cards
- Low fees (0.9%).
- Apple Pay support.
- Bybit offers 100% rebates on AI/streaming subscriptions.
🏆 Simplest Cash-Out Option: Redotpay Card
- Link with Apple Pay/Line Pay.
- ATM withdrawals (4.2% fee).
FAQs
❓ Are cryptocurrency credit cards safe?
Yes, but monitor fees and volatility. Opt for USDT rewards for stability.
❓ Can I use these cards worldwide?
Most support global Visa/Mastercard networks, but check regional restrictions.
❓ How do I maximize rewards?
Use cards for high-rebate categories (e.g., subscriptions) and convert rewards to stablecoins promptly.
Final Verdict
Cryptocurrency credit cards simplify crypto-to-fiat conversions with competitive perks. Choose based on:
- Rewards: EtherFi/Crypto.com for high cashback.
- Convenience: Bybit/Bitget for USDT spending.
- Cash-outs: Redotpay for quick withdrawals.
👉 Explore Bybit Card for limited-time 100% rebates
👉 Compare all cards side-by-side
Updated: May 2025. Always check issuer websites for latest terms.
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