How do crypto rewards credit cards differ from regular cashback cards?
Crypto rewards cards work similarly to traditional cashback cards but pay rewards in cryptocurrency instead of fiat currency. With a regular cashback card, you earn 1-5% back in dollars. Crypto cards typically offer 1-8% rewards paid in Bitcoin, Ethereum, or stablecoins. The main differences: crypto rewards fluctuate in value based on market price, require a crypto wallet to receive funds, and may have tax implications since crypto is treated as property. Some crypto cards offer additional benefits like airport lounge access or lower fees if you hold their native token. However, they often require higher credit scores and may charge annual fees. Choose based on your spending habits and whether you want cryptocurrency exposure.
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