Just a few years ago, crypto-earning credit cards were everywhere. From startups like BlockFi and Gemini to major credit card issuers offering crypto as a redemption option, it seemed like the future of credit rewards was blockchain-based.
Then came the “crypto winter” of 2022 — a period of market crashes, bankruptcies, and fading interest. BlockFi’s bankruptcy effectively ended its credit card program, and others quietly phased out crypto rewards. By the end of 2024, the crypto credit card market had nearly vanished.
But in 2025, the landscape is shifting again — fast.
What’s Fueling the Crypto Credit Card Revival?
A big factor in this rebound: a friendlier political and regulatory environment. Thanks to recent legislation and deregulation, the financial sector is starting to warm back up to cryptocurrency.
One major milestone is the GENIUS Act, signed into law in July 2025, which makes it easier for banks to transact in stablecoins—a form of crypto pegged to real-world assets like the U.S. dollar. Major players like JPMorgan Chase, Bank of America®, and Citi are now exploring stablecoin offerings.
“This comeback of crypto credit cards is likely due to the more accommodating, softer regulatory environment making banks feel comfortable partnering with crypto platforms,” says Tonantzin Carmona, fellow at the Brookings Institution.
At the same time, federal regulators have rolled back previous crypto-related oversight:
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In April 2025, the Federal Reserve, FDIC, and OCC rescinded key supervisory guidance regarding banks and crypto activity.
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These changes reduce regulatory friction, making it easier for traditional banks to engage with crypto platforms.
Big Names Are Back in the Game
Crypto credit cards aren’t just returning — they’re being backed by some of the biggest names in finance and crypto:
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June 10, 2025: Crypto.com and Bread Financial launch a new co-branded credit card.
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June 12, 2025: Coinbase announces a new credit card partnership with First Electronic Bank, set to launch in fall 2025.
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July 2025: Coinbase reveals a major partnership with JPMorgan Chase:
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By late 2025, Chase cards will be usable to fund Coinbase wallets.
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By 2026, Chase customers will be able to transfer credit card rewards directly into Coinbase accounts.
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This is a major shift for both companies. Just three years ago, Coinbase didn’t allow credit card crypto purchases, and Chase CEO Jamie Dimon was calling crypto “decentralized Ponzi schemes.”
Also on the horizon is a Bitcoin rewards card from Fold, expected to launch before year’s end. Over 75,000 people are reportedly on the waitlist.
Should You Consider a Crypto Credit Card?
The idea of earning Bitcoin or Ethereum with everyday spending might sound appealing — and experts predict more mainstream users will start jumping in.
“Bitcoin-earning credit cards will rapidly eat into the dominance of airline miles and cash back programs in the next five years,” says Will Reeves, CEO of Fold.
But financial experts urge caution.
“When big banks and mainstream companies go into this world, it legitimizes it, and people may think crypto is safer than it actually is,” says Carmona.
Here are some risks to keep in mind:
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Volatility: Crypto prices can swing wildly — your rewards could lose value quickly.
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Limited protections: Unlike bank deposits, crypto assets aren’t federally insured.
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Platform risk: If a crypto platform fails, your rewards (or even your account) could vanish — as seen with BlockFi’s collapse.
Even with more stable companies entering the space, crypto credit cards remain an emerging product. Experts recommend keeping a traditional credit card handy — just in case.
Bottom Line
Crypto credit cards are back, and 2025 may mark the beginning of their second wave — fueled by deregulation, mainstream adoption, and political support.
If you’re a believer in crypto and willing to tolerate risk, a crypto rewards card could be an exciting way to diversify your credit card benefits. But for the average consumer, sticking with cash back or travel points might offer more reliability and less volatility.
Tip from Creditvana: Don’t let hype drive your financial decisions. Crypto credit cards can be rewarding — but only if you understand the risks and have a plan in place.
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