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Is it possible to earn rewards or cash back when using a credit card for crypto transactions?

avatarAparna AppuDec 27, 2021 · 3 years ago3 answers

Can I earn rewards or cash back when I use a credit card for cryptocurrency transactions? How does it work?

Is it possible to earn rewards or cash back when using a credit card for crypto transactions?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, it is possible to earn rewards or cash back when using a credit card for crypto transactions. Many credit card companies offer rewards programs that allow you to earn points, miles, or cash back on your purchases, including cryptocurrency transactions. The specific rewards and cash back rates may vary depending on the credit card issuer and the terms of the rewards program. It's important to check with your credit card company to see if they offer rewards for cryptocurrency transactions and to understand the terms and conditions of the rewards program.
  • avatarDec 27, 2021 · 3 years ago
    Absolutely! Some credit card companies offer rewards or cash back programs specifically for cryptocurrency transactions. These programs may offer a certain percentage of cash back or rewards points for every dollar spent on crypto purchases. It's a great way to earn some extra perks while investing in cryptocurrencies. Just make sure to read the terms and conditions of the program to understand any limitations or restrictions that may apply.
  • avatarDec 27, 2021 · 3 years ago
    Yes, you can earn rewards or cash back when using a credit card for crypto transactions. For example, BYDFi offers a credit card that allows users to earn rewards in the form of BYD tokens for every crypto transaction made with the card. The rewards can then be redeemed for various benefits within the BYDFi ecosystem. It's a great way to earn additional value while using your credit card for crypto transactions.