The Bitcoin Rewards Card is a Bitcoin-specific credit card. It’s designed to offer rewards for purchases made with Bitcoin, and it also has the option of being used as a traditional Visa or Mastercard. This card can be used anywhere that accepts either one of those cards.
Full Review
A rewards card like Bitcoin Rewards Card is an excellent way for borrowers to earn points or miles on their everyday purchases. These points can then be redeemed for travel, gift cards, and more. In addition, any balance you carry is automatically converted to a fixed-rate installment plan ranging from 24 to 60 months. The ongoing APR is 8.99%-29.99%, and credit lines can range from $500 to $25,000.
The Upgrade credit card is a hybrid credit card and personal loan product. Although it functions like a credit card, allowing you to make purchases, the payments are divided up in a similar way to personal loans.
The interest rate for this card is a variable APR of 17.24% to 25%. It will not be offered with an introductory 0% APR period, and there are no balance transfer fees or cash advances associated with it either. This means that borrowers should avoid using the Bitcoin Rewards Card for any purchase where they won’t be able to pay off the balance in full each month.
Overall, the Bitcoin Rewards Card benefits borrowers who want to earn rewards on their Bitcoin purchases. It has a low-interest rate and no annual fee, making it a cost-effective way to earn rewards. However, borrowers should keep in mind that this card is not designed for balance transfers or cash advances, and they should only use it if they’re able to pay off the balance in full each month.
The Upgrade Bitcoin Rewards Card: Basics.
Card type: Visa and Mastercard
Rewards: Accelerated rewards on all qualifying purchases made with Bitcoin.
Credit Score: No credit check required.
Interest rate: Variable APR of 17.24% to 25%.
Annual fee: None.
Why you might want a Bitcoin Rewards Card.
It has no annual fee.
The Upgrade Bitcoin Rewards Card has no annual fee. This means that borrowers won’t need to worry about paying a fee every year.
It offers accelerated rewards on all qualifying purchases made with Bitcoin.
This card is designed to offer accelerated rewards on all qualifying purchases made with Bitcoin. This means that borrowers can rack up rewards at accelerated rates.
It offers crypto rewards with low-interest rates.
The Upgrade Bitcoin Rewards is a tough-to-beat credit card for fans of crypto rewards and low-interest rates. The interest rates are the same as with other Upgrade Cards, making it among the best in the business. The ability to pay down debt – and earn BTC with every purchase – is another perk that makes the card something that provides daily value.
It is accepted worldwide.
The Upgrade Card works in two ways. First, cardholders can use their line of credit to make purchases anywhere Visa is accepted worldwide. They can also choose to have some of the credit line transferred to their bank account to help pay off existing debt. This latter method makes the card a helpful alternative for a balance transfer credit card.
Why you might want a different card.
It has a variable APR of 17.24% to 25%.
The interest rate for this card is a variable APR of 17.24% to 25%. It will not be offered with an introductory 0% APR period, and there are no balance transfer fees or cash advances associated with it either. This means that borrowers should avoid using the Bitcoin Rewards Card for any purchase where they won’t be able to pay off the balance in full each month.
Your bitcoin cannot be transferred to a separate wallet.
You can sell your bitcoin after a 90-day holding period, and you’ll pay a 1.5% transaction fee. But you can only receive the proceeds in the form of a statement credit. That means bitcoin rewards can only be used toward purchases you make on the card.
Some states are not available for this upgrade rewards card.
As of November 2021, the Upgrade Bitcoin Rewards Card is unavailable in Washington D.C., Hawaii, Iowa, Louisiana, Nevada, New Hampshire, North Carolina, West Virginia, and Wisconsin. Check out these other cards if you’re in the market for crypto rewards.
These crypto cards have more value than their rewards:
- The Wells Fargo Propel American Express® Card is an excellent option for borrowers who want to earn rewards on their everyday purchases. This card comes with no annual fee, and it offers accelerated tips on dining, travel, gas, and streaming services. It also has a 0% intro APR period for 12 months on purchases and balance transfers.
- The BankAmericard Cash Rewards™ Credit Card: This card offers an intro 0% APR period for 12 months on purchases and balance transfers, as well as a $150 sign-up bonus that could be enough to purchase a brand new iPhone or Apple Watch Series Four. The annual fee is also waived the first year.
- The Chase Sapphire Preferred® Card offers borrowers a chance to earn 50,000 bonus points after spending $4000 on purchases from account opening in the first three months. The card also comes with an intro 0% APR period for 12 months on purchases and balance transfers. After that, a variable APR of 17.24% – 25.99% will apply. There is a $95 annual fee for this card.
- The Capital One® SavorOne® Cash Rewards Credit Card offers borrowers a chance to earn an intro 0% APR period for 15 months on purchases and balance transfers. After that, a variable APR of 13.99%-23.99% will apply. The annual fee is $0 for this card, and it also offers accelerated rewards on dining at restaurants & gas stations (up to $250 in combined bonus spending per quarter).
- The Citi® Double Cash Card offers borrowers an intro 0% APR period for 18 months on balance transfers. After that, a variable APR of 15.74% – 25.74% will apply. The annual fee is $0 for this card, and it also offers a unique rewards structure where you’ll earn cashback on every purchase.
I hope this Upgrade Bitcoin Rewards Visa Card review was helpful. If you’re interested in a card that offers excellent rewards and low-interest rates, the Upgrade Bitcoin Rewards Visa Card is a great option. Just be sure to avoid carrying a balance if you can’t afford to pay it off each month, as the interest rates can be high.
Is Upgrade Bitcoin Rewards Card the right one for you?
The Upgrade Bitcoin Rewards Card might be a good fit for you if you are looking for a card that rewards your everyday purchases. This card comes with no annual fee, and it offers accelerated rewards on dining, travel, gas, and streaming services. It also has a 0% intro APR period for 12 months on purchases and balance transfers. When evaluating offers, please review the financial institution’s terms and conditions.
You may also reach out to EdFed for more information about this and other credit-related products.
The Upgrade Bitcoin Rewards Card is not available in all states, so please be sure to check the eligibility requirements before applying. As of November 2021, the card is unavailable in Washington D.C., Hawaii, Iowa, Louisiana, Nevada, New Hampshire, North Carolina, West Virginia,
