Gemini Credit Card review: Easy entry to everyday crypto rewards

The Gemini Credit Card, issued by WebBank, is one of the few remaining crypto rewards cards . It’s a solid, no-annual-fee entry point if you want a convenient way to dabble in rewards, or beef up your crypto portfolio, thanks to its stand-out selection of everyday reward categories centered around transportation and food.

However, the sheer volatility of cryptocurrency can make it easy for your rewards to either lose or gain value depending on the whims of the crypto market that you choose to earn rewards in. Since the Gemini card can only redeem rewards for crypto, the average person may find a traditional cash back or travel card more dependable if you want a steadfast rewards value that can then be invested in cryptocurrency.

Why you might want the Gemini Credit Card

Interested in cryptocurrency? The Gemini Credit Card makes it easy to dip your toes into the market. It’s also a relatively low-cost credit card with a rare mix of bonus categories.

A convenient (and rare) intro to crypto

Although popular interest in cryptocurrency has dwindled since the flood of cryptocurrency credit cards and rewards redemption options in 2021, the Gemini Credit Card has lingered as one of the only options left on the market for crypto hobbyists. If you’re interested in exploring the world of crypto, though, the credit card rewards approach can be a great entry point.

With the Gemini card, you likely won’t have to change your spending habits to earn rewards or dip into your personal savings to manually invest in crypto. If you often save up your rewards for the perfect time to redeem, leaving the Gemini card’s rewards invested in your crypto account could rise (or fall) in value. Plus, your crypto rewards are added to your account instantly instead of waiting a few business days or until the end of the billing cycle. This is a helpful advantage over traditional cards considering how fast the crypto market can move.

Depending on the crypto market, you may even be able to get more than the typical 1 cent back in rewards value per dollar spent. For example, a cash back card that earns 2 percent back at grocery stores would net you $2 from a $100 purchase, but the $2 U.S. Dollars of cryptocurrency you choose to earn could appreciate in value beyond the initial $2 USD value. You won’t just be relegated to obscure, low-potential cryptocurrencies either. The Gemini Credit Card’s default is set to earn Bitcoin (BTC), but you can also select other popular options like Ethereum (ETH) or even different types of crypto.

Rack up rewards with solid rates on everyday expenses

Besides the cryptocurrency you can receive, this card’s rewards program is also notable for its impressive roster of rewards cards for popular everyday purchases. In fact, it may be one of the only no-annual-fee cards to reward gas, transit, dining and groceries all at once. The 4 percent back on gas and EV charging, transit and taxis (including rideshares) is also remarkable since few no-annual-fee cards carry such a high year-round rewards rate.

It’s worth noting that this 4 percent rewards rate is limited to $300 a month (then 1 percent), but this seemingly-low cap should be fine for typical spenders. In fact, the Bureau of Labor Statistics’ most recent Consumer Expenditures report shows that the average person spends a combined $3,545 on gas and transit each year — or about $296 per month. Even if you spend beyond that cap, the 3 percent dining and 2 percent grocery categories are still stellar partner categories for many people.

Roundly low rates and fees

Another reason that the Gemini card can be a handy, low-risk intro to the crypto market is that there is no annual fee to offset or adapt your spending for. It’s also a solid tool if you’re abroad since this card also doesn’t charge a foreign transaction fee. Interestingly, the $8 late payment fee is much lower than the $40 fee other cards typically charge as well. However, it’d be smart to avoid a late or returned payment since you could also be slapped with a $35 returned payment fee or a staggering 34.24 percent (variable) penalty APR.

Why another card might be a better fit

Rewards in the form of cryptocurrency are a double-edged sword since they’re vulnerable to suddenly losing value and other typical cryptocurrency risks. Plus, other drawbacks like no intro APR offers and an unreasonably high welcome offer spending requirement could easily make a traditional cash back card the better pick for the average person compared to the Gemini Credit Card.

Rewards value: Crypto could be less valuable than cash back

Although your crypto rewards have the potential to be worth more than the typical cash back equivalent of 1 cent per point, cryptocurrency is infamously volatile. There is a chance your rewards could increase in value, but could easily be worth far less if the market value of your crypto rewards drop after you earn them. 

That’s the nature of cryptocurrency, though, and is partially why experts weren’t convinced of the overall rewards value of cryptocurrency cards even during the crypto card boom. Although a crypto rewards card is a relatively low-risk way to explore crypto, cryptocurrency is still a high-risk rewards option compared to steady cash back and travel rewards.

This risk is hard to avoid since you can’t redeem your rewards for a statement credit or another form of cash back. You’d need to sell your cryptocurrency to cash out. Unless you’re a cryptocurrency hobbyist or okay with losing rewards value, investing rewards from a traditional card is probably a better fit than a crypto card like the Gemini Credit Card.

Welcome offer has a staggeringly high spending requirement

The Gemini card welcome offer provides $200 in your selected cryptocurrency after you spend $3,000 within your first 90 days (must be approved by June 30, 2025 to qualify for this offer).

Many no-annual-fee rewards cards carry a $200 intro offer, but they usually only require a $500 or $1,000 spending requirement in a similar timeframe. In my years of reviewing credit cards, a whopping $3,000 spend is one of the steepest hurdles I’ve seen for such a typical welcome offer value. This may also be a challenge for everyday spenders if you’re only using the Gemini card for transit, fuel and food purchases.

If you’re already on the fence, this spending requirement could be another nail in the coffin to push you toward a traditional rewards card. The Gemini card offer only gets you $200 worth of cryptocurrency, so it could be much easier to earn a similar intro offer with a no-annual-fee cash back card and invest the rewards in the crypto market.

No intro APR — unlike many no-annual-fee rewards cards

No-annual-fee rewards cards often carry 0 percent intro APRs on purchases and balance transfers — usually for 12 or 15 months — but the Gemini Credit Card doesn’t offer any sort of intro APR to shield you from its 17.24 percent to 29.24 percent (variable).

This is a bit discouraging since the Gemini card has solid everyday rewards categories and the welcome offer has a high spending limit. However, no intro APR offers may not be a deal-breaker since this is meant to be a specialized rewards card for a niche audience. There are many more suitable cards if you have large upcoming purchases or a snowballing balance to handle.

How does the Gemini Credit Card compare to other rewards cards?

Although the heyday of crypto credit cards has come and gone — and the Gemini Credit Card is practically the last one standing — there are a few cards that let you dabble in cryptocurrency. However, it’s also worth considering whether it’d be more lucrative to just invest the rewards from a traditional cash back card into crypto instead.

Gemini Credit Card vs. CRYTPO.COM Rewards Visa® Card

The CRYPTO.COM Rewards Visa® Card* is perhaps the only other major crypto card remaining, and it could be a more lucrative option if you’re already heavily invested in crypto. For starters, it’s actually a prepaid card instead of a true credit card, so you’ll need to top up its potential spending balance with a linked card, banking or crypto account.

In fact, you’ll also need to already have at least $500 already invested in your crypto lockup (CRO) to earn rewards — and even then you’ll only have a flat 2 percent rate with a $25 monthly rewards cap ($1,250 of spending). You can increase your flat rewards rate to 3.5 percent and the accompanying monthly rewards cap to $75 if you have at least $5,000 in your CRO lockup, but most people won’t be able to enhance these rates since the higher tiers require jaw-dropping crypto investments.

Although the CRYPTO.COM Rewards card has a more flexible rewards rate, the Gemini Credit Card is a true credit card and is easily more usable and lucrative for the typical person interested in crypto.

Gemini Credit Card vs. Venmo Credit Card

The Venmo Credit Card is one of the few traditional rewards cards that still allow you to redeem your rewards for cryptocurrency. Many credit card issuers have exited the crypto arena, but the Venmo card allows you to select a cryptocurrency that reward sums of at least $1 will automatically be converted to once they’re eventually deposited to your Venmo account. However, it’s worth noting that you’ll have less immediate control over the exact time your rewards will be invested into the crypto market and that you’ll need to pay a fee to Venmo once you sell your crypto for cash.

Depending on your spending and whether you use Venmo, the adaptable rewards structure and cash back redemption option could make the Venmo Credit Card a more flexible option.

Gemini Credit Card vs. Capital One Savor Cash Rewards Credit Card

If you’re more concerned with getting a reliable rewards value than playing in the crypto sandbox, it might be worth considering a cash back card and investing the rewards amount you’d like later.

Few cards reward transportation, dining and groceries at the same time, let alone just groceries and dining. The Capital One Savor Cash Rewards Credit Card could be the most rewarding no-annual-fee alternative since it packs an unlimited 3 percent cash back on dining, grocery stores (excluding Walmart and Target) and even on entertainment and select streaming services. In fact, the Savor is one of the most valuable cash back cards on the market for the average spender. However, another option like the Blue Cash Everyday® Card from American Express or the Bank of America® Customized Cash Rewards credit card could be worth weighing if rewards on transportation are a must.

How to use the Gemini Credit Card

• Leverage the card’s stellar transit, taxi/rideshare and gas and EV charging categories to maximize your crypto rewards.
• Use the card for dining and grocery purchases if you don’t already have a card with higher rewards rates.
• Keep an eye on the crypto market and change your rewards currency accordingly to maximize your rewards’ value.
• Lean on this card for your general spending during the first 90 days to reach the welcome offer’s stiff $3,000 requirement.

Is the Gemini Credit Card right for you?

The Gemini Credit Card is a unique card for its cryptocurrency rewards. This card’s selection of lucrative rewards categories can make it an efficient and low-risk crypto engine for invested enthusiasts and beginners alike.

However, crypto is a naturally risky currency, and the Gemini card doesn’t offer a safe rewards redemption option like cash back to rely on in a crypto market downturn. If you’re not 100 percent okay with betting against a volatile market to strengthen the value of your hard-earned rewards, a no-annual-fee cash back card could provide steadfast rewards that can then be invested into crypto.

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Cited sources

1. “WebBank Business Profile,” Better Business Bureau. Accessed on May 21, 2025.
2. “Consumer Expenditures 2023,” U.S. Department of Labor Bureau of Labor Statistics. Accessed on May 21, Year.