Gemini Credit Card

The Gemini Credit Card is a Mastercard issued by WebBank that offers crypto rewards on everyday purchases. Applications are currently invite-only via a waitlist, making it a somewhat exclusive product. The card is designed for users who want to earn Bitcoin or other cryptocurrencies as cashback without dealing with complex staking or subscription requirements.

Rewards

The card offers a tiered reward structure based on spending categories:

• 4% back on gas, EV charging, and transit (up to $300/month, then 1%)
• 3% back on dining
• 2% back on groceries
• 1% back on all other purchases

Rewards are earned in the user’s choice of cryptocurrency and deposited directly into their Gemini account. This makes it one of the better category-based crypto rewards cards available.

Benefits

• No annual fee.
• No foreign transaction fees.
• World Mastercard benefits including travel protections and concierge services.
• Rewards are available immediately after a transaction posts.

Important Considerations

The card is currently on a waitlist and requires an invite to apply. Users must have a Gemini account to receive rewards. The 4% category on gas and transit is capped at $300 in monthly spend, after which it drops to 1%. The card is available only in the US. As with all crypto rewards cards, the value of earned rewards fluctuates with the market.