Is it possible to earn rewards or cashback when buying crypto with a credit card?
BlaqmodeDec 26, 2021 · 3 years ago5 answers
I'm wondering if it's possible to earn rewards or cashback when purchasing cryptocurrencies using a credit card. Are there any credit card companies or cryptocurrency exchanges that offer such incentives? How does it work and what are the potential benefits?
5 answers
- Dec 26, 2021 · 3 years agoYes, it is possible to earn rewards or cashback when buying crypto with a credit card. Some credit card companies have partnered with cryptocurrency exchanges to offer rewards programs specifically for crypto purchases. These programs typically work by giving you a certain percentage of your purchase amount back in the form of rewards points or cashback. The specific terms and conditions may vary depending on the credit card company and the cryptocurrency exchange, so it's important to read the fine print. However, this can be a great way to earn additional benefits while investing in cryptocurrencies.
- Dec 26, 2021 · 3 years agoDefinitely! Many credit card companies have recognized the growing popularity of cryptocurrencies and have started offering rewards or cashback programs for crypto purchases. These programs work similarly to traditional rewards programs, where you earn points or cashback for every dollar spent. The only difference is that instead of earning rewards for purchases at regular merchants, you earn rewards for buying cryptocurrencies. It's a win-win situation for crypto enthusiasts who can now earn additional benefits while investing in their favorite digital assets.
- Dec 26, 2021 · 3 years agoAbsolutely! BYDFi, a leading cryptocurrency exchange, offers a rewards program for credit card purchases of cryptocurrencies. When you buy crypto using your credit card on BYDFi, you can earn cashback in the form of BYDFi tokens. The amount of cashback you earn depends on the specific credit card you use and the terms of the program. It's a great way to maximize your rewards while investing in cryptocurrencies. So, if you're looking to earn rewards or cashback on your crypto purchases, BYDFi is definitely worth considering.
- Dec 26, 2021 · 3 years agoYes, it is possible to earn rewards or cashback when buying crypto with a credit card. Some credit card companies have partnered with cryptocurrency exchanges to offer rewards programs specifically for crypto purchases. These programs typically work by giving you a certain percentage of your purchase amount back in the form of rewards points or cashback. The specific terms and conditions may vary depending on the credit card company and the cryptocurrency exchange, so it's important to read the fine print. However, this can be a great way to earn additional benefits while investing in cryptocurrencies.
- Dec 26, 2021 · 3 years agoDefinitely! Many credit card companies have recognized the growing popularity of cryptocurrencies and have started offering rewards or cashback programs for crypto purchases. These programs work similarly to traditional rewards programs, where you earn points or cashback for every dollar spent. The only difference is that instead of earning rewards for purchases at regular merchants, you earn rewards for buying cryptocurrencies. It's a win-win situation for crypto enthusiasts who can now earn additional benefits while investing in their favorite digital assets.
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