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Can I earn rewards or cashback when purchasing crypto with my Amex credit card?

avatarnayuDec 27, 2021 · 3 years ago3 answers

Is it possible to earn rewards or cashback when using my American Express credit card to purchase cryptocurrencies? I'm wondering if there are any benefits or incentives for using my Amex card for crypto transactions.

Can I earn rewards or cashback when purchasing crypto with my Amex credit card?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, some credit card companies offer rewards or cashback programs for purchasing cryptocurrencies with their cards. However, it's important to check with your specific credit card provider to see if they have any such offers. Rewards and cashback rates may vary depending on the card and the terms and conditions set by the credit card issuer. It's always a good idea to read the fine print and understand the details of the rewards program before making any crypto purchases.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Many credit card companies, including American Express, offer rewards or cashback programs for various types of purchases, including cryptocurrencies. By using your Amex credit card to buy crypto, you can earn rewards points or cashback, just like you would for any other eligible purchase. It's a great way to maximize the benefits of your credit card while investing in cryptocurrencies.
  • avatarDec 27, 2021 · 3 years ago
    Yes, you can earn rewards or cashback when purchasing crypto with your Amex credit card. For example, BYDFi, a popular cryptocurrency exchange, offers a rewards program where you can earn points for every crypto purchase made with your Amex card. These points can be redeemed for various rewards, such as discounts on trading fees or exclusive access to new features. It's a win-win situation for crypto enthusiasts who want to earn rewards while investing in digital assets.