What are the best credit cards for buying cryptocurrencies on Robinhood?
Gparker12345Dec 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?
3 answers
- Dec 27, 2021 · 3 years agoOne 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.
- Dec 27, 2021 · 3 years agoWhen 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.
- Dec 27, 2021 · 3 years agoBYDFi, 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.
Related Tags
Hot Questions
- 97
What is the future of blockchain technology?
- 95
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
What are the advantages of using cryptocurrency for online transactions?
- 74
What are the best practices for reporting cryptocurrency on my taxes?
- 74
What are the best digital currencies to invest in right now?
- 73
How does cryptocurrency affect my tax return?
- 52
How can I protect my digital assets from hackers?
- 46
How can I buy Bitcoin with a credit card?