With the launch of BlockFi Wallet, credit card rewards are now paid out to your BlockFi Wallet instead of your BlockFi Interest Account. The stablecoin boost was discontinued beginning December 1, 2021 as new US clients no longer have access to the BIA and therefore cannot benefit from the boost.
Existing cardholders will receive the 2% stablecoin boost for their first year of card ownership for stablecoins that remain in their BIA, capped at $200 in crypto. The bonus accrues based on cardholders’ average daily stablecoin BIA balance* and will be paid on the first credit card rewards payout date after their one-year card anniversary. The benefit is not available in subsequent years.
*Calculated as the arithmetic average value of balances for USDC, GUSD, BUSD and PAX at 23:59:59 Coordinated Universal Time (UTC) each day.