Gemini credit card is used by those who are interested in dealing in cryptocurrency. Gemini, the crypto exchange is a USA-based crypto exchange that has issued the much-awaited Gemini credit card. Now the credit card is available in all 50 states across the united states of America. The card runs on the Master card network and can be used easily in over 60 countries.
How does Gemini credit card work?
The credit card basically gets you to earn rewards in form of cryptocurrencies. Whenever you buy something you earn instant rewards and you can exchange the rewards into any of the cryptocurrencies available on cards like Bitcoin, Ether, Dogecoin, and other such entities. Not only this, you can transfer the crypto rewards in your wallet as well on which you do not pay any exchange fees.
If you want to buy and use the Gemini credit card offered by the Gemini crypto exchange then you are entitled to enjoy several benefits offered by Gemini crypto credit card. In this section, we will discuss some of the benefits of using this card.
- First of all, you need not to pay any annual fees on this card
- You can move the crypto rewards to your own wallet from the platform without paying any exchange fees.
- You can exchange your crypto rewards into any other crypto at any time
- You will be provided excellent security with this card as your 16-digit card number will not reflect on your physical card. It can only be accessed by cardholders on Gemini mobile or web portals.
- You get instant rewards straight to your Gemini account with no delay.
- You earn 3% cashbacks on your dining, 2% cashbacks on your groceries, and 1% cashback on another purchase and all these cashbacks can be used to buy your favourite cryptocurrency.
- The card is a metal card and is available in three different colors: Black, Rose, and Silver.
Who should Buy Gemini credit card?
If you are someone who likes to trade in cryptocurrencies then this card might be for you. As this card allows you to get crypto in form of rewards and cashbacks. You can easily buy and sell crypto for other crypto and also for US dollars and the amount comes into your account.
Also Read: How to Apply for Mercury Mastercard Online?
Application Requirements For Gemini card
If you want to apply for this card then you need to meet the eligibility criteria.
- You must complete the minimum age criteria.
- You need to show income proof that you earn enough and are able to repay the amount credited to you on a credit card.
- You must be a US citizen.
- You must have a good credit score that is accepted by the credit card company.
- You need to provide your personal and professional information like your name, address, source of income, social security number, and so on…
How to Apply for Gemini credit card application?
So if you are going to apply for a Gemini credit card then you need to do the following things:
- First, you need to have a Gemini exchange account in which your rewards and cashbacks are deposited and without a Gemini exchange account you can not apply for a Gemini card.
- Once you are done with your Gemini exchange account, you can easily apply online for your credit card.
- Generally, you can get notified within 60 seconds by Gemini if you are eligible for this card or not. In some cases, the process might take some time.
- After approval, you get your Gemini credit card within 5 to 6 working days.
The Gemini company is not accepting the new applications for Gemini credit cards right now just to make the user experience better. Keep checking the updates on the official website for further information.
Gemini credit card Pre-Approval
Your account may be pre-approved for a Gemini credit card. Well, in that case, you need to have a Gemini Exchange account and Gemini will make a hard inquiry into your credit score to decide whether you qualify for a credit card or not and it might affect your credit score. Being pre-approved does not guarantee that you will get a card though.
The credit card is used by a lot of people with an interest in cryptocurrency and has good reviews from the customer.
Is Gemini Credit card worth it ?
If you like buying and selling crypto then you can go for this card. You will get rewards and cashback on purchases that can be exchanged with different available cryptocurrency options.
Is Gemini credit card available in Canada?
Yes, the Gemini credit card is available in Canada where it offers trading in 45 different cryptocurrencies.