BlockFi Credit Card Review - Is BlockFi Credit Card Waitlist Legit?
Are you looking for more information about the BlockFi Credit Card Waitlist and is this cryptocurrency-based credit card really revolutionary enough for you to get it and start spending with it? By using this credit card, users will be able to earn back in Bitcoin 1.5% cash-back on their purchases that will be held in the cardholder's BlockFi account. This new product offers users rewards in the form of cryptocurrency for an annual fee ($200), and differ from other cards in the credit card market that typically provides their rewards in the form of points, airline miles and cash-back. This card will also be running on the Visa network.
To get approval for the card, the CEO and founder of BlockFi, Zac Prince, has stated that the cardholder will need to have excellent or good credit rating, which generally means a FICO score of 690 or more. With a funded account, members are able to join a waitlist as the BlockFi Credit Card is not available yet at the time of writing...
Should You Join The BlockFi Credit Card Waitlist And Is It Really Worth Using?
As more and more consumers become aware of the benefits of using cryptocurrencies, there has been more interests from consumers looking to put their wealth into cryptocurrencies, leading to the demand to spend them directly too. At BlockFi, members are able to earn up to 8.6% interest per annum n their crypto holdings, buy and sell crypto, borrow cash and access other bank-like services from a single platform.
Besides earning interests from Bitcoin, users can also generate interests from other cryptocurrencies, commonly known as alt coins, without having to continually convert them into Bitcoin. So far, BlockFi has been one of the leading crypto companies in the industry serving the needs for users to produce interest on their crypto holdings, and demand is expect to continue soaring as the industry continues to grow. New users are able to fund their accounts with USD, stablecoins or crypto to start earning interest right away, all of which can be done with the BlockFi Interest Account (BIA).
As of 2021 February, BlockFi is paying 8.6% APY on USDC and GUSD deposits, 6% on Bitcoin deposits and 4.5% on ETH deposits...