BlockFi Offers program gives 10% crypto back

BlockFi has introduced a new rewards program called BlockFi Offers, which is aimed at delivering increased value to members of the Visa Signature Card community. Cardholders can earn personalized additional rewards with up to 10% back at select restaurants and brands, subject to Dosh Terms of Service, Invezz learned from a press release.

Earn more crypto on daily purchases

This seamless, simple rewards program lets users earn more crypto on things they buy daily. It will be accessible by the end of the month. Zac Prince, BlockFi CEO & Founder, said:

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We are very pleased to launch BlockFi Offers and embed crypto further into the everyday lives of our cardholders by delivering personalized card-linked offers with household brands. This is just one of the many benefits available to BlockFi cardholders, and I’m looking forward to when we launch more rewards and features in the near future.

Among the brands eligible are Adidas, Finish Line, Costco, Shake Shack, Meta Quest, H&M, and hundreds more. Rewards can be redeemed in over 10 different crypto assets available on BlockFi.

Base 1.5% back in crypto

A BlockFi cardholder can earn 5% back in crypto in addition to this base rewards rate if they buy something from a shop in their neighborhood featuring 5% back. They get total crypto returns of 6.5% on their purchase.

At the end of the month, the accumulated returns are added to each buyer’s BlockFi account. They are available to use immediately. BlockFi’s app can also be used to track rewards, find special offers, etc.

Prince added:

BlockFi is actively developing partnerships to continually add more ways to earn crypto rewards. In less than one year, the BlockFi cardholder community has grown to more than 85,000.

Farrell Hudzik, EVP, Cardlytics Financial Institutions said:

The evolving consumer sentiment toward crypto is very exciting. Partnering with BlockFI to bridge the gap between crypto and traditional financial institutions to deliver a flexible solution for their customers to shop, pay and be rewarded is very exciting.  As blockchain and digital currencies become more accepted, it is imperative that we facilitate universal redemption opportunities.