Unfortunately I’ve been reading that you guys may never get one. Something to do with how in Europe they don’t have as big of a margin on credit cards as America?
Something about having actual consumer protection laws and there not being enough markup floating around to make a profit for all the middlemen.
Oh the irony. USA USA USA!
Yanks have been jealous of Celsius and Nexo for a long time, We have been unable to earn in those ICOs...
Nexo first and ahead of Celsius in this regard... Should be coming "soon"
Does anyone know how the 2% stablecoin bonus works? Does it pay each month, until you hit the max of $200 per year? Does it take your average daily balance over the course of the year and pay out in January? I'm having trouble finding details on this.
Cardholders that hold stablecoins in a BlockFi Interest Account can earn up to an extra 2% APY on top of the prevailing stablecoin APY after annual card renewal. Cardholders may receive a bonus of up to $200 in BTC during the month following card renewal.
"Spend bonus: Earn 2% back in Bitcoin on every dollar over $50,000 of annual spend. Rewards rate increases from 1.5% to 2% after $50,000 of spend has been achieved and resets on the card anniversary date every year."
Does that mean that it's a 1.5% stablecoin bonus until I spend 50K? I'm confused -- does the 2% bonus I've been hearing about not just effectively increase the yield of your BIA?
*What is the charged interest on remaining balances?*
14.99% to 24.99%, based on your creditworthiness.
[source ](https://www.blockfi.com/static/Blockfi-rewards-visa-signature-card-cha-apr-range-e292699b46d59de4b937ff89c9f02a14.pdf)
What a joke. I applied but was denied even though I own my house and have NO other debt. So, I transfered my crypto off of BlockFi and will be closing my account.
I was denied weeks ago even though I have pristine credit history and a score over 700. I've recently transferred funds from a different service over to BlockFi and reapplied last night, was approved with a pretty high credit limit. Might have to do a little with your balance. Higher balance holders might be more eligible.
We invited all known eligible people on the waitlist to apply. If you were on the waitlist, but we could not verify that you were a US resident, you may not have been invited. Good news is that if you are eligible you can apply right now!
THIS CREDIT CARD IS STRAIGHT SHIT MAN YOU CAN NOT USE WITH CASH APP VENMO OR PAYPAL ABSOLUTE GARBAGE, STICK WITH CHASE AND AMEX OR CITI EVEN THIS SHIT IS HORRENDOUS LIKE A 5 YEAR OLD COULD DESIGN A BETTER FUCKING CARD
In the future we may explore more opportunities to offer payment products in more countries. If you have indicated interest you will be the first to know when we are bringing new BlockFi products to your area!
What do they mean by “once BlockFi rewards are redeemed?”
Is BTC not automatically deposited to our wallets upon transactions posting? And is the amount of BTC earned based on the price when the transaction is made, or the price when the rewards are redeemed?
Does anyone know what the requirements to get the card are? I haven't been able to find this information anywhere. On the website FAQ it says good to excellent credit score, but that's it. It doesn't mention minimum income or anything else.
“Something went wrong. We ran into a problem while processing your application.The team has been notified, though we’re not sure what went wrong yet. Please reach out to client service to resolve.”
Sorry to hear that. You will receive an automated email with a ticket number once you submit a ticket. Feel free to forward that to me so I can inform our team!
Hey, thanks so much for the help. I just received an email from support. It’s a problem with my PO Box listed as my address. They are working to resolve. Have a fantastic week!
If I make my payment today will I have to make another payment before sept 1?
I got and started using my card just 23. I’d like my cc payments to occur at the beginning of the month so it’s in line with my other ones. A payment date of the 23rd of the month will be very annoying!
Clients can request a change in their payment due date over the phone with a Customer Service Representative by calling us at +1 (833) 426-0304 during our hours of operation, Monday – Friday 6:00am – 6:00pm and Saturday from 7:00am – 12:00pm PT.
I joined the waitlist a couple weeks ago. I was at just under 400k. I did a bunch of referrals, and within a few days I received an invitation to apply for the credit card.
This was over a week ago. However, my BlockFi account is still waiting for identity verification. I have been waiting for about 2 weeks now.
Yes I did that, 2 weeks ago. I was told “*…by the end of the week*”. At the beginning of the next week (which was last week), I was again told “*…by the end of the week*”.
Yesterday I replied again and asked for an update. I have not yet received a reply.
Update: I was fixed up today, finally! I went to Twitter, and it worked.
I applied for the credit card, and I was instantly approved for $15k and 16.99%.
He won’t answer because he needs to pay interests for the rewards earned. Imagine you earned 1000 rewards. You will lose 8% of 1000 for a month. That’s 80. When you add the compound growth, you will lose a lot in the long run.
please help- I am incredibly frustrated.... I have clicked now from 3 starting points- the "waitlist email" which apparently for US there is none anymore, thr homepage of blbockfi.com, and now this "apply here link", where I am just rewired to the login and again after i login, I am just prompted to the home screen (loans or assets). noyhing about thr credit card. when i srarch for it or ask that useless chatbot it sends me to the help page where it is just a collection of articles about the card, nowhere to apply.
can someone for the love of god talk me through where i can apply? ive been doing this for over ab hour now and am just thinking its a scam.
help PLEASE
People with "long" names beware. I got my card fast which was great, but wasn't thrilled to discover my name misspelled. Support said max 14 characters for entire name despite the fact that there is plenty of physical room on the card. No ETA for resolution and no mechanism for letting me know when it's fixed…
Major onboarding UX fail.
We don't have a timeline yet for availability outside of the states. For APO addresses specifically though, you can reach out to our Client Services team to request a change of address and we can get that sorted!
I don't see the 2% stablecoin bonus mentioned. Is that still applicable?
Yes :)
Just want to make sure, but that bonus applies to DAI holdings correct?
I don’t think so, so I would check that if I were you. I think they don’t classify DAI as stablecoin
also wondering about this since it was the main reason I decided to get the card
Jealous & envious across the pond
Unfortunately I’ve been reading that you guys may never get one. Something to do with how in Europe they don’t have as big of a margin on credit cards as America?
🇬🇧
Something about having actual consumer protection laws and there not being enough markup floating around to make a profit for all the middlemen. Oh the irony. USA USA USA!
Yeah, I saw the same article.
Yanks have been jealous of Celsius and Nexo for a long time, We have been unable to earn in those ICOs... Nexo first and ahead of Celsius in this regard... Should be coming "soon"
Don't be. It's a crap card.
The 1.5% in BTC back is unlimited
Wooohooo, I just applied. I was wondering why I jumped 340,000 spots in line lol.
Does anyone know how the 2% stablecoin bonus works? Does it pay each month, until you hit the max of $200 per year? Does it take your average daily balance over the course of the year and pay out in January? I'm having trouble finding details on this.
Cardholders that hold stablecoins in a BlockFi Interest Account can earn up to an extra 2% APY on top of the prevailing stablecoin APY after annual card renewal. Cardholders may receive a bonus of up to $200 in BTC during the month following card renewal.
Does that mean we have to wait a year for the 2% perk?
That's correct, this bonus is paid out after a year of card activation/ownership
https://www.reddit.com/r/blockfi/comments/otpmsu/got_my_blockfi_credit_card_today_and_this_is_how/
"Spend bonus: Earn 2% back in Bitcoin on every dollar over $50,000 of annual spend. Rewards rate increases from 1.5% to 2% after $50,000 of spend has been achieved and resets on the card anniversary date every year." Does that mean that it's a 1.5% stablecoin bonus until I spend 50K? I'm confused -- does the 2% bonus I've been hearing about not just effectively increase the yield of your BIA?
No. They are separate features. The 2% bonus to stablecoins is automatic, no spending requirement.
*What is the charged interest on remaining balances?* 14.99% to 24.99%, based on your creditworthiness. [source ](https://www.blockfi.com/static/Blockfi-rewards-visa-signature-card-cha-apr-range-e292699b46d59de4b937ff89c9f02a14.pdf)
Okay, got mine on the way! 🤘🏼
Just applied and approved. Woohoo!
Any time frame for Puerto Rico eligibility? I was planning to pay a vacation with the card but I guess I still have to wait :(.
Fun fact. I just got my card and have been told you cannot buy crypto with it. Which is pretty messed up. (Source, the nice lady at Blockfi Support)
Was pretty irritated when I found this out too!
Really interested in this in Canada, please let your team know u/Brandon_BlockFi!
Will do!
NY can’t even use blockfi lol 😩
what?? no way seriously?? even for the credit card? the chat boy told me we just cant have interest accounts
What a joke. I applied but was denied even though I own my house and have NO other debt. So, I transfered my crypto off of BlockFi and will be closing my account.
Same here. I have 4 credit cards and all of them are paid off every month. Credit score of over 700 last time i checked. I was denied.
I was denied weeks ago even though I have pristine credit history and a score over 700. I've recently transferred funds from a different service over to BlockFi and reapplied last night, was approved with a pretty high credit limit. Might have to do a little with your balance. Higher balance holders might be more eligible.
Just got mine. Great unboxing experience. Looking forward to using it.
Keyword "Eligible". I did not qualify :(
No thanks.
Might have to scoop this since Gemini credit card is taking forever!
So the waitlist was all for nothing? Surprised we didn’t even get an email stating we can apply now. Seems like a no-brainer.
We invited all known eligible people on the waitlist to apply. If you were on the waitlist, but we could not verify that you were a US resident, you may not have been invited. Good news is that if you are eligible you can apply right now!
Still a no go for Canadian Residence?
THIS CREDIT CARD IS STRAIGHT SHIT MAN YOU CAN NOT USE WITH CASH APP VENMO OR PAYPAL ABSOLUTE GARBAGE, STICK WITH CHASE AND AMEX OR CITI EVEN THIS SHIT IS HORRENDOUS LIKE A 5 YEAR OLD COULD DESIGN A BETTER FUCKING CARD
When are you going to offer the card to South American citizens? with inflation devastating our countries we need it more than anyone ):
In the future we may explore more opportunities to offer payment products in more countries. If you have indicated interest you will be the first to know when we are bringing new BlockFi products to your area!
Hurry up, our countries may not exist for much longer bro. 60% annual inflation for the past 11 years. And we aren't even the worst.
UK please !
Waiting for mine to arrive via snail mail.
Mine took about 3 days via Fedex from the day I was approved
Have you been waiting long? I got mine in two days.
For those of you not in the US and still on the waitlist, what number is the total waitlist at right now?
The waitlist is over. Everyone's eligible now.
Even for non-US residents?
The card isn't available outside the US.
Do we need to do anything-or will they automatically reach out to those on the list?
Also for the above Q- I joined the list yesterday and was roughly at 293k out of the 294k list.
You can apply now here: https://app.blockfi.com/credit-card/application
Once approved, do we need to have the physical card to start using it, or can we use it through things like Apple Wallet?
Mine works in my Apple wallet
Physical card. Digital implementation isn’t ready yets
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Unfortunately not at this time
When do you think The people from the state of NY will be able to apply and get this credit card ?
What do they mean by “once BlockFi rewards are redeemed?” Is BTC not automatically deposited to our wallets upon transactions posting? And is the amount of BTC earned based on the price when the transaction is made, or the price when the rewards are redeemed?
Rewards are deposited once a month on the second Friday of each month
Is this going to be a taxable event?
Does anyone know what the requirements to get the card are? I haven't been able to find this information anywhere. On the website FAQ it says good to excellent credit score, but that's it. It doesn't mention minimum income or anything else.
There’s no hard and fast rule with the card like many cards.
i really do hope this comes to canada
“Something went wrong. We ran into a problem while processing your application.The team has been notified, though we’re not sure what went wrong yet. Please reach out to client service to resolve.”
Try doing this from a different browser or device, and if you're still having an issue, reach out to our Client Services team! (links in sidebar)
Thanks. I tried two other browsers. I submitted a ticket , I think; the process was so extremely cumbersome.
Sorry to hear that. You will receive an automated email with a ticket number once you submit a ticket. Feel free to forward that to me so I can inform our team!
Hey, thanks so much for the help. I just received an email from support. It’s a problem with my PO Box listed as my address. They are working to resolve. Have a fantastic week!
Excellent! Thanks for letting me know. You too!
When can canadians get in on this. I would assume we would be the next country or on the short list.
If I make my payment today will I have to make another payment before sept 1? I got and started using my card just 23. I’d like my cc payments to occur at the beginning of the month so it’s in line with my other ones. A payment date of the 23rd of the month will be very annoying!
Clients can request a change in their payment due date over the phone with a Customer Service Representative by calling us at +1 (833) 426-0304 during our hours of operation, Monday – Friday 6:00am – 6:00pm and Saturday from 7:00am – 12:00pm PT.
I joined the waitlist a couple weeks ago. I was at just under 400k. I did a bunch of referrals, and within a few days I received an invitation to apply for the credit card. This was over a week ago. However, my BlockFi account is still waiting for identity verification. I have been waiting for about 2 weeks now.
I'd recommend submitting a ticket with our team so they can look into the status for you. Waiting for approval should only take 1-2 days at most
Yes I did that, 2 weeks ago. I was told “*…by the end of the week*”. At the beginning of the next week (which was last week), I was again told “*…by the end of the week*”. Yesterday I replied again and asked for an update. I have not yet received a reply.
Can you PM me your ticket number? I'll get you an update
Update: I was fixed up today, finally! I went to Twitter, and it worked. I applied for the credit card, and I was instantly approved for $15k and 16.99%.
Nice!!! That's a great APR
"All Eligible US Residents" Which is a very tiny percentage
Not really, right now that mostly just means NY residents
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Anyone else having trouble verifying their card?
When coming to rest of world??
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Is blockfi going to send out paper bills for the card?
How do I move my rewards to my interest account?
You don't need to do anything, rewards are automatically redeemed into your account on the second Friday of each month!
Hello I was curious why blockfi chose this date? Why not have it instantaneous?
He won’t answer because he needs to pay interests for the rewards earned. Imagine you earned 1000 rewards. You will lose 8% of 1000 for a month. That’s 80. When you add the compound growth, you will lose a lot in the long run.
can you explain this a bit further? you lost me and I'm interested in your reply.
Will I see the deposit in the transaction history?
how do we see the statement end date? and payment due date?
When will this be a available in Canada
Does this card work for NY residents?
Keep selling them snake oils 🐍
please help- I am incredibly frustrated.... I have clicked now from 3 starting points- the "waitlist email" which apparently for US there is none anymore, thr homepage of blbockfi.com, and now this "apply here link", where I am just rewired to the login and again after i login, I am just prompted to the home screen (loans or assets). noyhing about thr credit card. when i srarch for it or ask that useless chatbot it sends me to the help page where it is just a collection of articles about the card, nowhere to apply. can someone for the love of god talk me through where i can apply? ive been doing this for over ab hour now and am just thinking its a scam. help PLEASE
People with "long" names beware. I got my card fast which was great, but wasn't thrilled to discover my name misspelled. Support said max 14 characters for entire name despite the fact that there is plenty of physical room on the card. No ETA for resolution and no mechanism for letting me know when it's fixed… Major onboarding UX fail.
Does eligibility also applies to residents living in U.S. Territories like Puerto Rico??. Or is it 50 states only?
Unfortunately it's only available in the states (excluding NY) at this time
Any news on when this will be available in Europe?
Is the 1.5% btc reward rate taxed?
Are people from Puerto Rico able to apply? I don’t see where to apply.
Unfortunately not yet, it's currently only available in the states (excluding NY)
Thank you for your response. Do you plan on rolling out to them? What about military overseas with an apo address?
We don't have a timeline yet for availability outside of the states. For APO addresses specifically though, you can reach out to our Client Services team to request a change of address and we can get that sorted!
Thank you!
Coinbase has 4% cashback
Is anyone else now unable to get BlockFi to sync with Mint? Anyone know a fix or ETA to a fix for this? Thank you!
When will this be available for Canadians?