Can I earn rewards or cashback when using Mastercard for purchasing cryptocurrencies?
Riley SimonDec 29, 2021 · 3 years ago3 answers
Is it possible to earn rewards or cashback when using a Mastercard for purchasing cryptocurrencies? I'm wondering if there are any benefits or incentives for using my Mastercard for crypto transactions.
3 answers
- Dec 29, 2021 · 3 years agoYes, it is possible to earn rewards or cashback when using a Mastercard for purchasing cryptocurrencies. Many credit card companies offer rewards programs that allow you to earn points or cashback on your purchases, including cryptocurrency transactions. However, it's important to check with your specific credit card issuer to see if they offer rewards for crypto purchases and what the terms and conditions are.
- Dec 29, 2021 · 3 years agoAbsolutely! Some credit card companies have started offering rewards or cashback specifically for cryptocurrency purchases. These rewards can vary from earning points that can be redeemed for various rewards, to receiving a percentage of your purchase back in cash. It's a great way to earn some extra benefits while investing in cryptocurrencies.
- Dec 29, 2021 · 3 years agoYes, you can earn rewards or cashback when using a Mastercard for purchasing cryptocurrencies. For example, BYDFi, a popular cryptocurrency exchange, offers a cashback program for Mastercard users. When you make a purchase using your Mastercard on BYDFi, you can earn a certain percentage of cashback on your transaction. It's a great way to maximize your rewards while investing in cryptocurrencies. Make sure to check out BYDFi's website for more details on their cashback program.
Related Tags
Hot Questions
- 96
How can I minimize my tax liability when dealing with cryptocurrencies?
- 90
Are there any special tax rules for crypto investors?
- 84
How can I buy Bitcoin with a credit card?
- 72
What are the best digital currencies to invest in right now?
- 64
How does cryptocurrency affect my tax return?
- 57
What is the future of blockchain technology?
- 49
What are the best practices for reporting cryptocurrency on my taxes?
- 20
What are the tax implications of using cryptocurrency?