There’s a new, easy way to earn free crypto… with zero downside risk and all the upside potential.
We’ve all seen credit card companies touting their cash-back rewards programs. They’re great because you get cash back by simply purchasing your normal, everyday goods.
Now, there’s a new card that pays you cash-back rewards as crypto.
U.S.-based crypto exchange Gemini recently partnered with Mastercard to create a credit card that offers rewards in cryptocurrencies.
Gemini credit card users will be able to earn up to 3% cash back on dining out, 2% on groceries, and 1% on everything else. The rewards are payable in any coin on the Gemini exchange, which currently includes more than 40 different cryptocurrencies. Once you’re approved for the card, Gemini creates an account where your crypto gets deposited. After that, you just need to choose which cryptos you want to receive.
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Gemini’s credit card will be available to all U.S. residents. It has no annual fee and can be used anywhere Mastercard is accepted. Cardholders can check their account via the Gemini app, which requires two-factor authentication (a strong level of security).
The card is expected to be rolled out this summer. Right now, you can add your name to the waitlist here. Last month, Gemini said more than 250,000 people had already signed up for the new card.
Long story short: The Gemini card works like any other credit card. You’re paying for stuff in U.S. dollars… but your cash-back reward gets stored as crypto.
Why is this a big deal?
We all spend money on basic items like food and fuel… With the new Gemini card, you can go about your everyday life… and build a portfolio of cryptocurrencies in the process.
In other words, you’re basically getting crypto for free. Even if crypto prices crash, you’re not losing anything since you didn’t pay for the crypto in the first place. You simply bought groceries, gas, or a meal at a restaurant—just as you would have with any other credit card.
On the other hand, you’re still getting all the upside. If crypto prices continue rising, the value of your “rewards” portfolio will benefit.
In other words, it’s a way to get 100% upside with zero downside risk.
This card is a no-brainer for crypto believers. It could also be a great option for skeptics who don’t want to allocate a big portion of their investment portfolio to crypto. And it’s an easy way for beginners to get familiar with how crypto works… without taking on any actual risk.
Not to mention, the Gemini card is yet another example of how crypto continues to expand and become a bigger part of our financial lives.
P.S. You don’t need to look further than our Crypto Intelligence portfolio to see the incredible potential of digital assets. Right now, we’re sitting on 11 triple and even quadruple–digit winners.
But there’s a new, little-known digital asset class Frank believes will blow away even bitcoin… for potentially life-changing gains.