If you were hunting for a crypto-earning credit card back in late 2021, you had plenty of choices. Startups like Gemini and BlockFi rolled out cards that let you earn crypto directly, while traditional banks and issuers began offering crypto as a redemption option.
Then came the infamous crypto winter of 2022, which froze much of the market — and credit cards were not spared. BlockFi’s card vanished after its bankruptcy, and other issuers quietly eliminated crypto redemption. By the end of 2024, crypto credit cards had nearly disappeared.
Fast-forward to 2025, and the market is showing signs of revival. Thanks to new pro-crypto legislation and eased regulations, big banks and major crypto platforms are once again betting on crypto credit cards.
Why Crypto Credit Cards Are Coming Back
Experts say the resurgence is tied directly to the GENIUS Act of July 2025, which made it easier for banks to transact in stablecoins — digital assets pegged to real currencies like the U.S. dollar.
Large financial institutions, including JPMorgan Chase, Bank of America®, and Citi, are now exploring stablecoins. Once these banks get comfortable issuing crypto-backed assets, launching crypto-earning credit cards seems like the natural next step.
At the same time, U.S. regulators have relaxed oversight. In April 2025, the Federal Reserve and other regulators rescinded prior supervisory guidance around banks’ crypto activities. This rollback, combined with favorable legislation, created a climate where traditional banks feel safe partnering with crypto companies.
As Tonantzin Carmona, a fellow at the Brookings Institution, puts it:
“This comeback of crypto credit cards is likely due to the more accommodating, softer regulatory environment making banks feel comfortable partnering with crypto platforms.”
Major Launches in 2025
The momentum is already visible:
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Crypto.com + Bread Financial: Announced a co-branded crypto credit card in June 2025.
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Coinbase + First Electronic Bank: Set to release a new crypto rewards card in Fall 2025.
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Coinbase + JPMorgan Chase: A groundbreaking partnership will soon let Chase customers fund Coinbase wallets with credit cards and transfer credit card rewards into Coinbase accounts by 2026.
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Fold’s Bitcoin Card: Expected by late 2025, with more than 75,000 people already on the waitlist.
This rapid turnaround is striking. Just a few years ago, JPMorgan’s CEO Jamie Dimon dismissed crypto tokens as “decentralized Ponzi schemes.” Now, Chase is preparing to power crypto wallets and rewards transfers.
What Consumers Should Keep in Mind
The resurgence of crypto credit cards may excite both crypto enthusiasts and everyday cardholders. Some experts predict Bitcoin-earning credit cards could challenge the dominance of airline miles and cash-back programs within five years.
But with opportunity comes risk:
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Volatility remains high. Crypto assets can swing dramatically in value.
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Limited consumer protections. Stablecoins and crypto balances are not FDIC-insured, meaning funds could vanish if a platform fails.
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History matters. BlockFi’s collapse left customers stranded, showing how fragile the market can be.
As Carmona warns:
“When big banks and mainstream companies go into this world or prop it up, they legitimize it, and people may think that crypto is safer than it actually is.”
Even with higher-quality institutions now involved, crypto credit cards are still relatively new. If you decide to try one, make sure you keep a backup payment option. Another “crypto winter” could be just around the corner.
✅ Bottom line: Crypto credit cards are back — stronger, more regulated, and supported by big players — but they’re still risky. Consumers intrigued by rewards in Bitcoin or stablecoins should weigh the benefits carefully against the potential volatility.
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