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What are the best strategies for earning rewards with a cash app card when investing in cryptocurrencies?

avatarAyhan SalihDec 16, 2021 · 3 years ago4 answers

I am interested in investing in cryptocurrencies and I have a cash app card. What are some effective strategies for maximizing rewards when using my cash app card for cryptocurrency investments?

What are the best strategies for earning rewards with a cash app card when investing in cryptocurrencies?

4 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the best strategies for earning rewards with a cash app card when investing in cryptocurrencies is to take advantage of cash back offers. Many cash app cards offer cash back on purchases, and some even offer higher cash back rates for specific categories like groceries or gas. By using your cash app card for your cryptocurrency investments, you can earn cash back on those transactions and maximize your rewards.
  • avatarDec 16, 2021 · 3 years ago
    Another strategy is to look for promotions or special offers from the cash app card issuer. They may occasionally offer bonus rewards or incentives for using your card for certain types of transactions, including cryptocurrency investments. Keeping an eye out for these promotions can help you earn even more rewards.
  • avatarDec 16, 2021 · 3 years ago
    BYDFi, a leading digital currency exchange, offers a unique rewards program for cash app card users. By linking your cash app card to your BYDFi account, you can earn additional rewards on your cryptocurrency investments. This program allows you to earn points that can be redeemed for various benefits, such as discounted trading fees or exclusive access to new features. It's a great way to maximize your rewards while investing in cryptocurrencies.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking to earn rewards with your cash app card when investing in cryptocurrencies, it's important to consider the fees associated with your transactions. Some cryptocurrency exchanges charge high fees for using credit or debit cards, which can eat into your potential rewards. To avoid this, you can look for exchanges that offer lower fees or alternative payment methods, such as bank transfers or cryptocurrency deposits. By minimizing your transaction fees, you can keep more of your rewards for yourself.