More Reasons to Love BlockFi?

BlockFi is pushing for Bitcoin reward credit card. It seems like a typical reward credit card, but instead of receiving points, miles or cash back, you will receive 1.5% back in Bitcoin on every purchase.

This type of idea is nothing new, but still I think it is kind of interesting to get money back in Bitcoin is nice if you like Bitcoin.
But 1.5% is pretty low though compare to other reward credit cards.
Other credit card offers 5-6% cashback, double, triple points, lots of miles with benefits at the airport lounge or something...
Even though, Bitcoin reward is interesting, it wasn't that attractive to open up another credit card account.

Today, they added more benefits for Bitcoin card.

• 3.5% more Bitcoin rewards.
• 2% extra Stablecoin reward bonus.
• 0.25% trading bonus.
• $30 extra bonus for referral.

How Much Can You Earn?

Let’s say you’re a cardholder who makes $1,667 worth of purchases a month using the Bitcoin Rewards Credit Card. You’d earn the first year bonus of $250 in bitcoin in your BlockFi Interest Account. Thanks to the bitcoin rewards boost, the same spend rate would also generate 3.5% back in bitcoin in the second quarter, for $100 in bitcoin in the seventh month. With a stablecoin balance of $5,000, you’d get an extra $100 in bitcoin on top of your current stablecoin APY. Then with qualifying monthly trading volume of $5,000, you’d earn another $150 in bitcoin, and after referring five friends, you’d earn a $150 bitcoin bonus. In total, that’d be a reward of $750 in bitcoin for the year, on top of the unlimited 1.5% bitcoin-back rewards from the credit card.
Naturally, more activity yields bigger rewards. At a credit card spend rate of $3,500 a month along with the first year bonus of $250 in bitcoin, with $10,000 in stablecoin held in a BlockFi Interest Account, trading an average of $13,333 per month, and after making ten referrals, you would rake in a bonus of $1,250 in bitcoin for the year, in addition to the unlimited 1.5% bitcoin-back rewards.
Let’s take a look at a side-by-side comparison.

Interesting! But there are a lot of conditions though.
Details are here.
Four New Bonuses for the BlockFi Bitcoin Rewards Credit Card

This credit card is now open to everyone and in waitlist.
If you are interested, you can join the waitlist here.

There are bunch of people on the waitlist though, it is about 100k people waiting right now.

I am very interested... maybe I will join the waitlist just in case, but I am still not sure if I want another credit card.