BlockFi Card

BlockFi

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Additional information
Reviews (0)

7.5/10 (Expert Score)

Product is rated as #24 in category Crypto Cards

BlockFi are releasing a prepaid metal crypto-card for users to spend & earn rewards on. BlockFi are covered by established crypto-custodians, Gemini; who have insured this platform for up to $200M. Aside from an annual $200 charge, we saw no mention of any additional fees.

It seems BlockFi are taking a membership routine, waiving small fees typically scattered throughout the spending process. Although supported in ~33 countries, the BlockFi credit card is still in production and awaiting release. Stay alert for an updated review once more information becomes known.

Features

Usability

8.5

Payment options

Fees and charges

Perks & rewards

Company & Reputation

Support

7.5

PROS:

2FA enabled
Worldwide ATM access
Insured for up to $200M
Referral rewards available
Earn interest on BTC rewards
Funds kept secure in cold storage
Supported in approx. 33 countries
Backed by a number of big investors
A number of perks included (see below)
1.5% BTC cashback on spending with no limit
Account freeze/unfreezing available on request
No mention of any fees outside of $200 annually

CONS:

Annual $200 fee
No staking options
Slow email-only support
No mention of on-chain rewards
KYC checks compromise anonymity

Specification: BlockFi Card

Company & Availability

Insurance Coverage	Covered by custodian, Up to $200M
Eligible regions	Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, Spain, Sweden, USA
KYC	Yes

Savings Information

Supported Fiat Currencies	Not specified
Supported Cryptocurrencies	Not specified
Gas fees	Annual $200 fee

Availability

ATM Access	Worldwide
Pay In Local Currencies	Not specified

Support

24 hour support	Email support
Live Support	No

Staking

Staking required	Not specified
Token Ticker	No Token

Rewards

Cashback on spending	1.5% in Bitcoin
Cashback Restrictions	Not specified
Max Cashback	No limit
On Chain Rewards	Not specified
Referral Rewards	Each earn $10 in BTC

Perks

Perks	$250 BTC signup bonus when you spend $3,000 within first 3 months, 0.25% back in BTC on all eligible trade (max. of $500 BTC each month), 2% extra APY on average daily stablecoin balance, 3.5% BTC rewards on all purchases in months 4-6 of card ownership

Spending Limits

Daily ATM Limit	Not specified
Daily Purchase Limit	Not specified
Monthly ATM Limit	Not specified
Monthly Purchase Limit	Not specified

Fees

Signup fee	Not specified
Monthly fee	Annual $200 fee
Delivery Fee	Not specified
Online/Offline Purchase Fees	Not specified
Topping up fee	Not specified
ATM Fees	Not specified
International ATM fee	Not specified
POS Foreign Transaction fee	Not specified
Card Replacement Fee	Not specified
ACH Declined	Not specified
Charge back processing	Not specified
Dormancy	Not specified
Exchange Rate Provider	Not specified

Card Features

Instant settlement	Not specified
App Payments	Not specified
Dual-Interface NFC/EMV (Card with chip)	Not specified
Virtual Cards	Not specified
Physical Cards	Yes

Security

Fraud Monitoring	Yes
Freeze / Unfreeze	Upon request
Instant Notifications	Not specified
Pin Viewing	Not specified
2FA	Yes

Asset protection & Insurance

Audited	Not specified
Cold Storage	Gemini Custody, Yes
Company Backing	Arrington XRP Capital, Avon Ventures, BainCapital Ventures, CMT Digital, Coinbase Ventures, Gaingels, Galaxy Digital, Kenetic, Morgan Creek, PJC
FDIC insurance	No
Insured by	Gemini