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What are the best credit cards for buying cryptocurrencies on Robinhood?

avatarGparker12345Dec 27, 2021 · 3 years ago3 answers

I'm interested in buying cryptocurrencies on Robinhood and I want to know which credit cards are the best for this purpose. Can you recommend any credit cards that offer good rewards or benefits for purchasing cryptocurrencies on Robinhood?

What are the best credit cards for buying cryptocurrencies on Robinhood?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    One of the best credit cards for buying cryptocurrencies on Robinhood is the Chase Sapphire Preferred card. It offers 2x points on all travel and dining purchases, which can be redeemed for cash back or used to book travel. This card also has no foreign transaction fees, making it a great option for buying cryptocurrencies on Robinhood. Another good option is the Citi Double Cash card, which offers 2% cash back on all purchases. This can be a good choice if you prefer cash back rewards over travel rewards. Remember to always do your own research and compare different credit card offers before making a decision.
  • avatarDec 27, 2021 · 3 years ago
    When it comes to buying cryptocurrencies on Robinhood, it's important to choose a credit card that offers good rewards or benefits. Some popular options include the American Express Platinum card, which offers 5x points on flights and hotels, and the Capital One Venture card, which offers 2x miles on all purchases. These cards can be a good choice if you frequently travel and want to earn rewards while buying cryptocurrencies on Robinhood. However, it's important to note that not all credit cards allow cryptocurrency purchases, so make sure to check with the credit card issuer before using your card for this purpose.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, recommends using the Chase Freedom Unlimited card for buying cryptocurrencies on Robinhood. This card offers 1.5% cash back on all purchases, with no annual fee. It's a great option for those who want to earn cash back rewards while investing in cryptocurrencies. Remember to always pay off your credit card balance in full each month to avoid paying interest on your purchases.