On May 31st, 2022, BlockFi announced a reduction in the spend threshold for 2% back in crypto on all purchases with the BlockFi Rewards Credit Card from $50K of annual spend to $30K per year. This will allow more cardholders to be eligible for this reward. This update will take effect on July 1, 2022 and will be available to all cardholders. Current cardholders with over $30K annual spend as of July 1, 2022 will have the 2% back in crypto applied and will be reflected on the August 12, 2022 rewards payday. The new rewards rate will not be applied retroactively prior to July 1, 2022.
Additionally, the introductory 3.5% back in crypto will be discontinued for new cardholders beginning July 1st, 2022. Eligible existing cardholders will continue to receive the introductory 3.5% back in crypto for their first three months of card ownership (up to $100 in crypto rewards). The last day to be eligible for this introductory offer is June 30th, 2022.
Stay tuned as we have many planned features on our roadmap that’ll give you additional ways to earn more crypto rewards.
For more detailed information, please see the BlockFi Rewards Program and Crypto Rewards Account Terms.
For more information, please see BlockFi’s Terms of Service. BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.