Gemini Mastercard Credit Card: Earn Crypto Rewards on Everyday Purchases

Quick Summary: Gemini Mastercard

Key Features

Mastercard credit card issued by WebBank that earns cryptocurrency rewards

Instant crypto rewards deposited directly to your Gemini account after transactions

Choose from 50+ cryptocurrencies for your rewards with ability to switch anytime

Sleek metal design in black, silver, or rose gold with no visible card numbers

Main Advantages

No annual fee or foreign transaction fees

Up to 4% back on gas/EV charging, 3% on dining, 2% on groceries

$200 welcome bonus in crypto after spending $3,000 in first 90 days

No staking requirements unlike many competitor crypto cards

Notable Limitations

Not a spending crypto card - you can only earn crypto, not spend it

Reported transaction declines especially with tap-to-pay functionality

Available only to US residents (all 50 states and Puerto Rico)

Rewards caps on high-earning categories (gas limited to $200 monthly, dining to $6,000 annually)

Basic Information
Rewards and Benefits
Fees and Limits
Card Tiers and Options
Top-Up Methods
Self-Custody
Supported Currencies and Conversion
Geographic Availability
- Supported Regions
- Restricted Regions
Compliance and Security
Technical Details
User Experience
- Positive Feedback
- Common Complaints
Best Suited For
Pros and Cons
- Pros
- Cons
Conclusion
Additional Information

Basic Information

Specification	Details
Card Name	Gemini Credit Card
Card Network	Mastercard
Card Issuer	WebBank
Card Type	Credit (not debit or prepaid)
Launch Date	April 2022
Availability	All 50 U.S. states and Puerto Rico
Credit Score Requirement	Good to Excellent (670+)

Rewards and Benefits

Standard Rewards

Category	Reward Rate	Cap/Limitation
Gas/EV Charging	4% back	Up to $200 monthly spend; then 1%
Dining	3% back	Capped at $6,000 annual spend; then 1%
Groceries	2% back	No cap
All Other Purchases	1% back	No cap

Welcome Bonus

Earn $200 in cryptocurrency after spending $3,000 within the first 90 days of account opening.

Reward Delivery

Timing: Instant (upon transaction posting)
Deposit Location: Directly to Gemini exchange account
Conversion Method: Automatically purchased using USD value of cashback earned
Selection Options: Choose from 50+ cryptocurrencies, can change anytime

Fees and Limits

Fee Type	Amount
Annual Fee	$0
Foreign Transaction Fee	$0
Late Payment Fee	Up to $40
Returned Payment Fee	Up to $40
Cash Advance Fee	Either $10 or 5% of amount, whichever is greater

Fee Type	Amount
Receiving Crypto Rewards	$0 (no exchange fees)
Selling/Converting Earned Crypto	Standard Gemini exchange fees apply
Withdrawal Fees	Varies by cryptocurrency (e.g., minimum $3+ equivalent for Bitcoin)

Reward Limitations

Gas/EV charging rewards capped at $200 monthly spend (4% on first $200, then 1%)
Dining rewards capped at $6,000 annual spend (3% on first $6,000, then 1%)

Card Tiers and Options

Feature	Details
Card Material	Metal (available in black, silver, or rose gold)
Annual Fee	None
Foreign Transaction Fee	None
Credit Score Requirement	Good to Excellent (670+)
Special Design Features	No visible card number (stored in Gemini app)

The Gemini Credit Card offers a premium metal design in three color options, but does not have different tier levels like many competitor cards. All cardholders receive the same benefits and rewards structure regardless of spending level or account status.

Top-Up Methods

The Gemini Credit Card does not support crypto or fiat top-ups, nor does it allow pre-loading funds from self-custody wallets or bank accounts. All card purchases are made in USD using standard Mastercard credit, and users cannot spend cryptocurrency directly with the card. Instead, crypto rewards are automatically purchased with the cashback earned from your USD transactions and instantly deposited to your Gemini exchange account. There are no top-up fees, time delays, or top-up limits because topping up is not part of the card's function—only earning and redeeming crypto rewards via everyday spending. All custody of funds remains with Gemini for rewarded crypto; you never transfer funds to the card provider for spending purposes.

Self-Custody Custodial

The Gemini Credit Card is a Mastercard credit card where users make purchases in fiat currency with the card issuer (WebBank). Users have control over their crypto rewards deposited instantly to their Gemini exchange accounts, allowing full custody of the cryptocurrency after reward conversion. However, the card does not allow spending cryptocurrency directly; rewards are converted automatically from fiat cashback to crypto upon transaction posting. Private keys for the resulting crypto are managed by the Gemini exchange platform, requiring full KYC verification. Custody transfers from fiat spending to crypto rewards occur at the point of transaction posting, with Gemini managing the crypto wallets. Users need an active Gemini exchange account and the Gemini app for card management, and crypto custody depends on Gemini's platform, with insurance coverage for funds held. Thus, users maintain self-custody of crypto rewards after conversion, but the process involves custodial elements at the rewards conversion step, placing this card in the "Self-Custody Until Spend" category.

Supported Currencies and Conversion

The Gemini Credit Card supports over 50 cryptocurrencies for rewards, including:

Bitcoin (BTC)
Ethereum (ETH)
Dogecoin (DOGE)
XRP
And 45+ others available on the Gemini exchange platform

Users can switch between reward cryptocurrencies at any time through the Gemini app without affecting existing rewards already earned. All purchases are made in USD or local fiat currency, with rewards automatically converted to your selected cryptocurrency at the time of transaction posting.

Geographic Availability

Supported Regions

All 50 U.S. states
Puerto Rico

Restricted Regions

All countries outside the United States

Compliance and Security

Protection Measures

No visible card number on physical card
Card details stored securely in Gemini app
Mastercard Zero Liability Protection
ID Theft Protection included
Instant card lock functionality via app

Insurance Coverage

Gemini maintains insurance coverage for funds held in its hot wallet
Offline segregated custody insured through Nakamoto Ltd., with $200 million coverage
Standard Mastercard credit card protections

KYC Requirements

Full identity verification required through Gemini's Know Your Customer process before card approval.

Technical Details

Card Technology: Contactless-enabled EMV chip card
Mobile Wallet Integration: Compatible with Apple Pay, Google Pay, and Samsung Pay
App Requirements: Requires Gemini mobile app for card management
Account Connection: Requires active Gemini exchange account
Virtual Card: Available immediately upon approval through the Gemini app
Physical Card: Shipped within 7-10 business days after approval

User Experience

Positive Feedback

Users appreciate earning crypto rewards instantly after purchases
The flexibility to choose from numerous cryptocurrencies is highly valued
Many users praise the sleek metal design and security-first approach
No annual fee makes it accessible to more users

Common Complaints

Frequent transaction declines reported, especially with tap-to-pay functionality
Slow customer service response times when resolving disputes
Minimum withdrawal fees can be prohibitive for small balances
Some users report reward category tracking inconsistencies

Best Suited For

Passive crypto investors who want to accumulate digital assets without active trading
Regular credit card users who spend frequently on gas, dining, and groceries
Existing Gemini exchange users seeking seamless integration with their accounts
Crypto-curious individuals who want low-risk exposure to digital assets
Users who value flexibility in choosing different cryptocurrencies for rewards
Security-conscious consumers who appreciate the card's physical security features

Pros and Cons

Pros

No annual fee makes it accessible to most credit-qualified users
Instant rewards provide immediate crypto exposure
Wide selection of 50+ reward cryptocurrencies offers flexibility
Metal card design with enhanced security features
No staking requirements to earn competitive rewards rates
Seamless integration with existing Gemini exchange accounts

Cons

Cannot be used for spending cryptocurrency directly
Reports of transaction decline issues affect reliability
Limited to US residents only
Caps on high-earning reward categories limit maximum benefits
Customer service response times could be improved
Minimum withdrawal fees may impact small balance holders

Conclusion

The Gemini Credit Card offers a distinctive approach to cryptocurrency rewards that stands out in the growing crypto card market. Unlike cards that focus on spending crypto, the Gemini card creates a passive investment channel through everyday purchases.

The card successfully bridges traditional credit card functionality with cryptocurrency rewards, making it an excellent entry point for those interested in passively accumulating digital assets. While it won't replace dedicated crypto spending cards, it excels at what it's designed to do: transform everyday spending into cryptocurrency investment opportunities without additional costs or complex requirements.

For US-based users looking to dip their toes into cryptocurrency without changing their spending habits, the Gemini Credit Card provides a no-fee solution with competitive rewards rates and instant gratification through its immediate reward delivery system. However, users seeking to actively spend their crypto or requiring international functionality will need to look elsewhere.

Additional Information

Comparison with Competitors

Feature	Gemini Credit Card	Crypto.com Visa	Coinbase Card
Card Type	Credit	Prepaid Debit	Debit
Rewards Rate	Up to 4%	Up to 5%	Up to 4%
Annual Fee	None	Depends on tier	None
Staking Requirement	None	Required for best rates	None
Reward Timing	Instant	Monthly	Instant
Foreign Transaction Fee	None	None	None
Crypto Spending	No	Yes	Yes
Number of Supported Cryptocurrencies	50+	20+	9+
US Availability	All states	Limited states	Most states

Overview

The Gemini Credit Card is a financial product that enables users to earn cryptocurrency rewards through everyday purchases. Unlike traditional crypto cards that allow direct spending of digital assets, the Gemini card functions as a standard credit card on the Mastercard network, with purchases made in fiat currency. What makes it unique is that your cashback rewards are automatically converted to cryptocurrency of your choice and instantly deposited into your Gemini exchange account.

Launched in April 2022 after being announced in January 2021, this card offers a passive way to accumulate cryptocurrency without active trading or additional investment. The card's instant rewards system and tiered cashback structure create an opportunity to grow a crypto portfolio simply by making regular purchases.

Gemini Credit Card