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Is it possible to earn rewards or cashback by paying with bitcoin using a credit card?

avatarnowrin rashidDec 05, 2021 · 3 years ago3 answers

I'm curious if it's possible to earn rewards or cashback when making purchases with bitcoin using a credit card. Are there any credit card companies or platforms that offer such incentives for using bitcoin as a payment method?

Is it possible to earn rewards or cashback by paying with bitcoin using a credit card?

3 answers

  • avatarDec 05, 2021 · 3 years ago
    Yes, it is possible to earn rewards or cashback by paying with bitcoin using a credit card. Some credit card companies have started offering rewards programs specifically for bitcoin transactions. These programs typically work by converting your bitcoin payment into fiat currency at the time of purchase, and then rewarding you with points or cashback based on the converted amount. It's a great way to take advantage of the benefits of bitcoin while still enjoying the perks of traditional credit card rewards.
  • avatarDec 05, 2021 · 3 years ago
    Unfortunately, not all credit card companies offer rewards or cashback for bitcoin transactions. It's important to do your research and find a credit card that specifically caters to bitcoin users if you're looking to earn rewards. However, there are some alternative platforms and apps that allow you to earn rewards in the form of bitcoin when you make purchases with a credit card. These platforms typically work by partnering with merchants and offering a percentage of your purchase back in bitcoin. So while it may not be as widespread as traditional credit card rewards, there are still options available for earning rewards with bitcoin.
  • avatarDec 05, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, offers a credit card that allows you to earn rewards in bitcoin when you make purchases. With this credit card, you can earn a percentage of your purchase back in bitcoin, giving you the opportunity to accumulate more bitcoin while making everyday purchases. It's a great way to maximize the benefits of using bitcoin and earn rewards at the same time. Keep in mind that there may be other exchanges or platforms that offer similar rewards programs, so it's worth exploring your options to find the best fit for your needs.