Photo by Pierre Borthiry – Peiobty on Unsplash
What is a Crypto Credit Card?
A crypto credit card operates like a normal credit card, but it gives cryptocurrency rewards instead of normal cashback. One of the most well-known crypto credit cards is Gemini, created by the Winklevoss twins, hence the name Gemini.
You may be familiar with the Winklevoss name as the twins with their friend Divya Narendra famously sued Mark Zuckerberg in a 2004 lawsuit over the website Facebook. It was claimed that Mark Zuckerberg had stolen their idea for a social networking site after they showed Zuckerberg their site ‘HarvardConnection’, which was later called ‘ConnectU’. This was however, denied. However, Facebook settled out of court in 2008 for $65 million in cash and stock. The Social Network” (2010) film uses a blend of fact and fiction to depict the events.
The Gemini Crypto Credit Card became widely available to users across all 50 U.S. states in April 2022. The card allows the holder to invest in cryptocurrencies by just using the card for spending as you would a normal credit card. As of writing in 2026, the rewards are 4% back in Bitcoin and Ethereum for gasoline and Electric Vehicle Charging. Limits apply to these rewards as well as different levels applied to dining and groceries. See Gemini for further details.
