Mastercard, Gemini and WebBank teamed up to create the world's first credit card with cryptocurrency rewards, the Gemini Credit Card. The first-of-its-kind credit card gives cardholders the chance to earn 3% back when purchasing Bitcoin or other cryptocurrencies available through Gemini, the New-York based cryptocurrency exchange.
Notably, the crypto rewards program also delivers rewards in real-time. While some credit cards require people to wait a month to claim their rewards, those who hold a Gemini card can get their cryptocurrency reward as soon as the transaction happens. Additionally, the credit card is appealing for having no annual fees.
The Gemini Credit Card is set to be accepted wherever payments can be made with Mastercard and it also gives people the chance to access exclusive offers via other merchants.