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Gemini Credit Card Review | 2024

The Gemini Mastercard is simply one of the best, most well-rounded crypto credit cards on the market.

While there are a large number of different crypto-backed debit cards on the market, Gemini bucks the trend with a full-fledged credit card that lets users carry a balance while earning cashback rewards in Bitcoin or other crypto assets like Ethereum or Solana.

Users of the Gemini Mastercard credit card are able to get up to 3% cashback on their purchases made with the card and there’s also no annual fee. Instead of just being a way to spend crypto they already have, Gemini gives crypto credit card users the ability to stack bitcoin with every purchase that they make online or in the real world.

Cashback rewards are issued to users immediately and, and perhaps most importantly, this card comes from one of the most regulatory-compliant bitcoin exchanges in the world, which means it is available in all 50 states in the USA.

Let’s take a closer look at this new bitcoin credit card to see if it may be worth trying out as a new way to earn crypto when spending money on everyday goods and services.

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Gemini Mastercard Card Overview

Gemini Mastercard Crypto Credit Card

Gemini Mastercard

  • Get up to 3% back in cryptocurrency with no annual fee
  • Available in all 50 US states
  • Most crypto cards are debit based but Gemini Mastercard is an actual credit card
  • Backed by the most regulatory-compliant bitcoin exchange in the world
Cryptos Supported BTC, ETH, SOL, etc.
Rewards 1-3% cashback rewards

Gemini Mastercard Card Pros & Cons


  • Up to 3% cashback on purchases made with the card with no annual fee

  • This is a real credit card, not a crypto debit card

  • Manage or freeze your card from a mobile app

  • Get rewards denominated in any cryptocurrency available for trade on the Gemini exchange (BTC, ETH, SOL etc)

  • Rewards are delivered in real time immediately after a purchase is made

  • Users can access a digital version of their card as soon as they’re approved

  • Earn yield on rewards deposited to Gemini


  • Only available in the United States

  • 3% cashback is only available on dining purchases

  • Base cashback rate is only 1%

What is the Gemini Mastercard Card?

The Gemini Mastercard card is a credit card created by one of the most trusted exchanges in the cryptocurrency space. Thanks to Gemini’s regulatory compliance it is available in all 50 US states.

The card is refreshingly simple compared to some of its competitors. It is a complete Mastercard credit card that lets users carry a balance while making purchases.

As far as cashback rewards go, Gemini Mastercard offers 3% back on dining, 2% back on groceries and 1% back on everything else. Rewards are issued immediately after purchase.

You can receive your rewards in Bitcoin but also any asset listed on Gemini exchange. There are over 60 different coins listed on Gemini. That makes this an excellent card for altcoins. Fans of Ethereum, Solana or Cardano can earn cashback in their respective tokens.

You can even cashback in stablecoins like GUSD and USDC if you’re looking to avoid volatility.

What are the Benefits of the Gemini Mastercard Card?

There are three main benefits to the Gemini Mastercard bitcoin card when compared to some of the other crypto card options on the market. First of all, this is a real credit card that enables cashback rewards rather than a traditional crypto debit card. Bitcoin debit cards usually involve the user paying fees to turn their cryptocurrency holdings into spendable U.S. dollars, but Gemini flips this process around by offering up to 3% crypto-denominated cashback rewards on everyday purchases made with the card.

Another key feature of the Gemini Mastercard card is that there is no annual fee. While the lack of an annual fee is not a major development in the grander scheme of the credit card market as a whole, it’s certainly a powerful feature when compared to the other crypto credit cards that are either already available or coming online in the near future.

The third key feature of the Gemini Mastercard crypto card is its tight integration with the greater Gemini exchange platform. Gemini is already one of the most trusted institutions in the entire cryptocurrency industry, and the use of the exchange on the backend enables users to earn their cashback rewards in more than 60 different crypto assets. Additionally, users are able to seamlessly move their rewards over to Gemini in order to earn yields on those crypto holdings.

Potential Gemini Credit Card Dealbreakers

The main dealbreaker for many potential Gemini Mastercard card users is going to be the lack of availability outside the United States. Bitcoin and crypto are global phenomenons, so the introduction of the card only in the United States is a serious limitation. That said, the card can be used globally, and the card is available in all 50 US states, which is impressive in its own right.

Another obvious potential deal breaker is the inability to pay off your balance with crypto directly from your Gemini account. This is likely due to regulatory issues but currently you must pay off your Gemini Mastercard with a linked checking or savings account. It’s not difficult but it’s an annoyance in otherwise excellent user experience.

Finally, it should be noted that the 3% cashback rewards associated with this credit card, which have been included in many media headlines, only apply to situations where you’re dining out at a restaurant. In fact, the base cashback rewards offering on all purchases is 1%, which is lower than what is to be expected from other offerings such as BlockFi’s 1.5% cashback rewards on all purchases with their Visa credit card.

It should also be noted that various crypto debit card offerings also offering much higher cashback rewards for their users; however, there are also usually more fees involved with crypto debit cards and the highest rates are only available to those who are willing to stake a proprietary crypto token attached to the debit card.

Is the Gemini Mastercard Card Right for Me?

The crypto credit card and debit card industry is great for consumers because there are a tremendous number of options to choose from these days, and that means users are able to find the perfect solution for the niche bitcoin card needs.

One of the key features of the Gemini Mastercard card is that it’s a credit card and not a debit card, which is still quite rare in the space. There are also offerings on the table from BlockFi, and Foldapp; however, the lack of an annual fee, a 3% cashback rewards rate on restaurant and bar purchases, and a close connection to the Gemini cryptocurrency exchange help differentiate this card from the other offerings on the table. It’s also an extremely nice option to be able to earn rewards in any token listed on Gemini exchange.

This card will be perfect for you if you find one or more of those three key features to be too good to pass up.

Gemini Mastercard Card Frequently Asked Questions

The Gemini Mastercard card is a credit card, not a debit card. This means the card works differently from most other crypto-focused card offerings on the market, as the main point is to enable crypto-denominated cashback rewards on everyday spending habits rather than turning crypto holdings into spendable cash.

While details on the application process for Gemini’s crypto credit card have not been revealed, it is expected that the approval process will work much like how it works for any other traditional credit card. This means users will need a sufficient credit score in order to gain access to the Gemini Mastercard crypto card.

Yes, Gemini Mastercard users are able to earn cashback rewards in any cryptocurrency supported by the Gemini cryptocurrency exchange. This means users can earn those rewards in more than 30 different crypto assets, including bitcoin and Ethereum. The cashback rewards rates are 3% on dining, 2% on groceries, and 1% on all other purchases.

No, there is no annual fee for the Gemini Mastercard crypto credit card, which is a rarity in the market at this time.

The main perk of getting a Gemini credit card is being able to accumulate a small amount of bitcoin or other crypto assets with any dollars spent on everyday purchases. These cashback rewards can get as high as 3%, specifically for transactions at bars and restaurants. Gemini Mastercard users can use the card to passively invest small amounts of money into crypto.

At this time you must pay off your Gemini credit card from a linked checking or savings account. You can’t use cryptocurrencies like Bitcoin or Ethereum to directly pay off your credit card but you could sell the coins, transfer to an external bank account and use the funds to pay off your credit card.

Yes, the Gemini Mastercard bitcoin card works just like traditional credit cards when it comes to helping you build credit.

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