Cryptocurrency and credit cards are both great inventions in their own right, but it wasn’t until recently that these two great forces joined together to give birth to a wonderful new concept – crypto-earning credit cards! Crypto-earning credit cards allow you to convert your everyday purchases into cryptocurrencies with just one card swipe! Although they’re not without their share of problems, crypto-earning credit cards are an excellent solution to the slow mining process. In addition, they can be great additions to any cryptocurrency owner’s arsenal of financial tools. Fees Using a cryptocurrency-earning credit card has advantages and disadvantages. First of all, you’ll have to apply for the card, and if approved, it will incur a hard credit inquiry. Secondly, you must pay off all purchases each month to avoid interest fees. Lastly, it’s important to understand the fees involved. While some crypto-earning credit cards do not charge deposit fees, others do. Depending on the provider, these can range from 3% to 7% or more. In addition, some crypto exchanges charge fees when you add funds to your account outside the credit card scenario. So while you don’t have to worry about deposit fees for using a cryptocurrency credit card, you should be prepared to pay a fee for selling it. Number of Cryptos Supported When choosing a crypto-earning credit card, make sure that the company supports a variety of cryptocurrencies. Unfortunate...
