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Is it possible to earn rewards or cashback when buying cryptocurrencies with a credit card?

avatarBruno OliveiraJan 14, 2022 · 3 years ago3 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 rewards or cashback programs? How does it work and what are the benefits?

Is it possible to earn rewards or cashback when buying cryptocurrencies with a credit card?
Cryptocurrencies
Credit Card
Rewards

3 answers

  • avatarJan 14, 2022 · 3 years ago
    Yes, it is possible to earn rewards or cashback when buying cryptocurrencies with a credit card. Some credit card companies have partnered with cryptocurrency exchanges to offer rewards or cashback programs specifically for cryptocurrency purchases. These programs typically work by providing a certain percentage of cashback or rewards points for every dollar spent on cryptocurrency purchases. The rewards or cashback can then be redeemed for various benefits, such as discounts on future purchases, gift cards, or even cash. It's important to note that the availability and terms of these programs may vary depending on the credit card company and the specific cryptocurrency exchange.
  • avatarJan 14, 2022 · 3 years ago
    Absolutely! Many credit card companies recognize the growing popularity of cryptocurrencies and have introduced rewards or cashback programs tailored to cryptocurrency purchases. These programs are designed to incentivize users to use their credit cards for buying cryptocurrencies. By using a credit card that offers rewards or cashback for cryptocurrency purchases, users can earn points or cashback on their transactions. The rewards can be redeemed for various perks, such as travel discounts, merchandise, or even additional cryptocurrencies. It's a win-win situation for those who want to invest in cryptocurrencies and earn rewards at the same time!
  • avatarJan 14, 2022 · 3 years ago
    Yes, it is possible to earn rewards or cashback when buying cryptocurrencies with a credit card. For example, BYDFi, a popular cryptocurrency exchange, offers a cashback program for credit card purchases. With BYDFi's program, users can earn a percentage of their purchase amount back in the form of cashback. The cashback can be used for future purchases on the platform or withdrawn to a bank account. It's a great way to maximize the benefits of using a credit card for cryptocurrency purchases.

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