Gemini Credit Card – Full Review

Name: Gemini Credit Card – Full Review
Item: Gemini Credit Card
Rating: 4.25
Author: Jarrod West

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"Great choice for crypto investors!"

The Gemini card is a great option for crypto enthusiasts looking to add to their stack!

Learn More (at Gemini's secure site)

Jarrod West

- Updated: May 8, 2023, 6:57am CDT

The information regarding the Gemini Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Fans of cryptocurrency trading platform Gemini can now add a branded credit card to their wallets that allows them to earn crypto rewards in 1 of 40+ supported assets — in real-time — each time they swipe their card.

The ability to earn instant rewards on a card with no annual fee not only separates the Gemini Credit Card™ from other crypto rewards cards, but from all other rewards cards as well.

Pros

3% back on dining purchases
2% back on grocery purchases
1% back on all other purchases
Rewards are earned and deposited into your Gemini account in real-time
You can choose to earn your rewards in 1 of over 40+ supported assets on the Gemini platform
No annual fee
No foreign transaction fees

Cons

No welcome bonus

Gemini Credit Card

Welcome Bonus & Info (Partner Content)
Up to 3% back on dining, 2% back on groceries, 1% back on all other purchases
Rewards available in bitcoin, ether, or 40+ other cryptocurrencies
Change your crypto reward type at any time, as much as you like
Receive rewards when the transaction occurs
No annual fee
No foreign transaction fees
No exchange fees to acquire your rewards; fees may be incurred for selling or converting your crypto rewards
Your choice of a black, silver, or rose gold stainless-steel card, made from 75% recycled material
Card Categories:
- Credit Card Reviews
- Credit Cards with No Annual Fee
Related Articles
- The Best Credit Cards That Earn Crypto Rewards

Great Card If

You already invest in crypto or want to passively invest in crypto
You spend a lot on dining and groceries
You already use the Gemini platform

Don't Get If

You have no interest in investing in or earning crypto

Card Fees

Foreign Transaction Fees
$0
Interest Rates
- 12.99% to 23.99% Variable

The Ideal Cardholder

If you’re someone who has invested in cryptocurrencies and already uses the Gemini platform, then its branded credit card is probably a perfect fit for you.

Similarly, if you want to earn crypto rewards passively without putting up any of your own funds, adding a crypto rewards card like the Gemini card to your wallet may be a great idea.

Choose Your Asset for Rewards

As you may know, there are many cryptocurrencies available on the market today. One great feature about the Gemini card is you can choose to receive rewards in any of the platform’s 40+ assets. This means you aren’t locked in to just earning Bitcoin — the most popular cryptocurrency — but can also choose to earn other top coins like Ethereum, Chain Link, Uniswap, Polygon, and much more. And, once you’ve selected an asset to earn for your rewards, you can always change to another whenever you’d like.

Earn Rewards in Real-Time

One standout feature of the Gemini card is that your crypto rewards are automatically and instantly deposited into your Gemini account as soon as you complete a purchase with your card.

Why is this beneficial? Well, virtually all other rewards cards require you to wait until the end of the month to receive your rewards. But even more importantly, having your rewards deposited into your account immediately allows you to benefit from any price appreciation that might take place over the coming days or weeks.

It also allows you to instantly trade with the rewards if you choose, or even deposit into your Gemini Earn account so you can immediately start earning interest on those rewards.

How To Earn More Crypto

Dining Purchases

The most lucrative bonus category on the Gemini card is dining purchases, allowing you to earn 3% back in crypto. You’ll want to make the Gemini card your go-to for dining purchases — especially if you are someone who dines out often.

Grocery Purchases

You’ll also earn an uncapped 2% back on all grocery store purchases with the Gemini card. Given that groceries tend to represent a relatively large portion of one’s budget, this presents a great opportunity for you to earn additional crypto on each grocery run.

All Other Purchases

Finally, you’ll earn 1% back on all purchases outside of the above 2 categories. There are other cards out there that offer a better return than this on purchases in non-bonus categories, but if you’re trying to earn as much crypto as possible, this is a great way to do so.

How To Use Your Crypto for Max Value

Trade

Gemini at its core is a trading platform, so you’ll naturally have the ability to instantly trade your rewards for one of the many other supported assets on the Gemini platform if you so choose.

Sell

Lastly, you can always sell your rewards for cash anytime you need a little extra dough, or if the USD value of your rewards has appreciated considerably and you want to lock in some profits.

Alternative Cards to the Gemini Card

Chase Freedom Unlimited®

If you aren’t interested in crypto and are looking for a no-annual-fee card that earns flexible rewards, then perhaps the Freedom Unlimited card would suit you better. It earns 5% back on travel purchases through the Chase travel portal, 3% back on dining and drugstore purchases, and 1.5% back on all other purchases. Plus, your rewards can be redeemed as cash-back, travel, gift cards, and much more.

The information regarding the BlockFi Rewards Visa® Signature Credit Card and Chase Freedom Unlimited® was independently collected by Upgraded Points and not provided nor reviewed by the issuer.

Featured Image Credit: Gemini

Frequently asked questions

Which cryptocurrencies can you earn with the Gemini card?

You can choose any of the 40+ supported assets on the Gemini platform in which to earn rewards, with the exception of GUSD (Gemini Dollars).

Once you choose an asset to earn your rewards in, can you change it?

Yes, you can change which asset you earn your rewards in whenever you want. There is no limit on the number of times you can change, or any sort of fees to do so.

Are crypto rewards taxable?

In most circumstances, the IRS considers credit card rewards, no matter how they are received, to be a rebate and not income. In which case, your crypto rewards should not be taxable. But if you were to sell your crypto rewards for a profit, then you would own any applicable capital gains taxes on that transaction. Be sure to contact your tax advisor for further information or details.

Do you need a Gemini account in order to get the Gemini card?

Yes, having a Gemini account is required as that is where your rewards will be deposited when you earn them.

About Jarrod West

Jarrod has been writing about the ins and outs of credit cards and loyalty programs, along with airlines and hotels, for over 6 years. He is regularly called upon to share his expertise on the latest news within the space, and has been featured in publications such as The New York Times, RetailMeNot, and Yahoo! Finance. Jarrod has over 20 credit cards in his wallet and has tested out dozens more in order to vet the very best card options for readers. As he is constantly sampling new cards, Jarrod also earns (and redeems) over 1 million points and miles each year. This allows him to book luxury travel experiences the world over, and save tens of thousands of dollars in the process.

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