An incredibly novel idea. A credit card with cryptocurrency rewards.
Blockrize (https://www.blockrize.com) is developing a credit card that will give cardholders 1% crypto back on every purchase.
Very interesting. Instead of the normal cash-back, points, or miles rewards, users can earn crypto coins of their choosing. The benefit is really around the potential value growth of those coins as compared to cash.
For example, the site estimates if a customer spends $1000 a month with their credit card, they would have earned $120 last year with traditional 1% cash back cards. But, if that were instead converted to 1% Bitcoin last year, the rewards would have amounted to $825 and a staggering $1975 for Ethereum.
So there could be some great advantages if crypto goes up during the year. Conversely, if it goes down, the returns could be well below what 1% cash could offer.
Overall, I like it.
For those who are interested, head over to blockrize and join the waitlist. About 4000 people already have. https://www.blockrize.com/