Upgrade, a financial technology company based in San Francisco, has introduced an exciting new version of its credit card called the Upgrade Bitcoin Rewards Card. This latest addition offers users a unique perk — bitcoin rewards on everyday purchases.
With this new card, users can earn 1.5% in bitcoin for every dollar they spend, as they make payments on their balance. That means the more you use the card and pay off what you owe, the more bitcoin you earn. This feature gives people a chance to grow their exposure to cryptocurrency without directly investing in it.
The Upgrade Bitcoin Rewards Card has no annual fees and comes with low fixed interest rates, making it a budget-friendly option for those who want to earn crypto rewards. Cardholders can be approved for a credit limit ranging from $500 to $25,000, depending on their credit profile.
According to Renaud Laplanche, the co-founder and CEO of Upgrade, the card is designed to combine affordable, responsible credit with the potential benefits and excitement of owning bitcoin. He said,
“The Upgrade Card is already delivering over $3 billion in credit each year. Now, with the Bitcoin Rewards version, anyone can enjoy the same trusted experience with the added bonus of bitcoin rewards.”
Like all Upgrade Cards, this new card encourages smart borrowing habits by converting your spending balance into a fixed-rate installment loan. This means instead of revolving debt with fluctuating interest, you pay off your balance in structured, predictable payments—while also earning bitcoin rewards as you go.
The platform handling the buying, selling, and storage of bitcoin rewards is NYDIG (New York Digital Investment Group), a regulated company specializing in digital assets. This means your crypto rewards are safely managed by a trusted partner.
The Upgrade Bitcoin Rewards Card runs on the Visa Signature network, which gives users access to valuable travel and shopping protections, such as:
- Trip and baggage insurance
- Purchase protection
- Extended warranty coverage
Terry Angelos, Senior Vice President and Global Head of Fintech at Visa, explained that crypto reward cards help consumers enter the digital asset space with confidence.
“Whether you’re a crypto fan or just starting out, the Upgrade Bitcoin Rewards Card gives you a fun and lower-risk way to explore crypto and become part of the growing crypto economy,” he said.
Founded in 2017, Upgrade is a digital banking platform that focuses on making credit more accessible and easier to manage. It offers a full suite of financial tools, including personal loans, credit cards, credit monitoring, and financial education to help people make better financial decisions.
The Upgrade Card is issued by Sutton Bank, a member of the FDIC, and is provided under a license from Visa U.S.A..
One important detail for cardholders: your bitcoin rewards must be held for at least 90 days before you can sell them. After that holding period, you’re free to sell your bitcoin at any time. However, note that each sale is subject to a 1.5% transaction fee.
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