Summary
Crypto credit cards are a somewhat new-ish segment for many. As the domain is strongly associated with skepticism, anything new or fresh is kept aside to simmer, and once it receives good reviews, it gradually becomes a sensation. After Bitcoin, it is believed that credit cards are one such segment that is getting maximum attention.
Quick Verdict On Gemini Credit Card
The crypto credit cards offer several promotions, making it an unmissable option to check before deciding on a credit card. However, the APRs are higher than others and offer no travel perks.
Coingape Review on Gemini Card
We found the Gemini card better than average because of the practical approach. It is offering discounts on groceries, dining, rides, and others. These are the things that are used regularly by everyone; thus, users will get to reap the benefits.
The penalty on late payments is higher than usual, also the APRs. In case the user fails to pay the credit card bills on time, charges would pile up. However, there are not many hidden charges except for crypto conversions.
Key Features & Specs
| Reward rate | 4% on gas, 3% on dining, 2% on groceries, and 1% on everything else |
| Supported cryptocurrencies | 50+ cryptocurrencies, including BTC, ETH, ADA, and others |
| Fees (APR) | 16.49% – 34.49% (APR) Transaction fees: $10 or 3% of amount of each cash advance (whichever is greater) |
| KYC requirements | A clear photo ID such as a passport or driver’s license. |
| Availability (countries) | U.S. residents only |
| Custody Model | Custodial model |
Fees and Hidden Charges
The Gemini Credit Card has mentioned many details about the fees on the home page of the official website. However, as is popularly known, there are other fees implied on credit cards as well that are not easily made available. We dug around the cardholder agreement and have found the following.
- The card doesn’t imply annual fees, exchange fees, or foreign transaction fees.
- A standard credit card cost applies.
- Purchase costs are between 18.49% and 34.49%.
- APR for cash advances is 29.49%*. The fees charged are $10 or 3% of the amount of cash advances, whichever is greater.
- APR for penalties is around 33.49%**. The fee for late payment is $8, and returned payment is up to $35.
Conditions apply
- The charges would vary depending on market conditions.
- Late payments are not paid in two consecutive months or non-consecutive months but within six months.
What happens when you don’t pay your Gemini credit card bill on time?
If you use your Gemini credit card to make a $1200 purchase and are unable to write off the bill within the same month, the charges are summarized below. The card would carry a purchase charge of 18.49% and 34.49%.
If this amount is carried forward for two consecutive months, the final bill will include a $35 late fee.
Other Costs or Charges
This is mainly in the fine print of every credit card offering company. We tried to find exact charges in the following segments.
1. Crypto conversion or slippage:
Although Gemini claims there are no fees associated with earning, there are 0.9% or 1% fees associated with selling or converting cryptocurrency rewards within the platform or through external wallets.
2. ATM withdrawals:
They are treated as cash advances, and charges will apply on use from the date of withdrawal.
PROS and CONS
- Earn rewards while spending
- No extra charges
- Instant digital card [On Approval]
- High interest rates
- No travel benefits
Security, Regulation, and Trust Signals
We have covered almost everything in the above-mentioned segments. Here, we will be discussing the security features, regulations, and where it stands on the trust score as per our understanding.
About the company
Founded in 2014, Gemini Trust Company LLC by Cameron and Tyler Winklevoss in New York. Gemini exchange, credit cards, and related services are run by the company.
Regulatory Compliance
Gemini is regulated by the New York State Department of Finance. It is also registered as a money services business (MSB) with the U.S. Financial Crimes Enforcement Network (FinCEN). The credit card is issued by WebBank in partnership with Mastercard.
Custody model
Gemini stores digital assets in cold storage, which is geographically distributed and has a sufficient air gap from the internet. These assets are segregated and auditable, separate from Gemini’s operational funds.
Insurance
The cold storage shows an insurance of $100+, but with no clear details.
Scams and Hacks
As for the card, no major complaints can be found. However, in 2023, the SEC charged Gemini for a program called Gemini Earn, which had nothing to do with credit cards. Gemini has received no complaints as of late 2025.
Trust Signals
In terms of credit cards, the company has a clear image. It has been systematically registered and insured, and its name has not appeared in any scams or hacks in recent years. According to our research, it is dent-free in terms of trust signals.
Final Words
The card appears to be ideal for daily use, including household work. The Gemini card is ideal for those who want to save money on groceries or gas. However, if your travel itinerary is longer, the Gemini card will not help you in any way. It is critical to pay bills on time with a Gemini card because the late fee penalty is steep.
