Gemini, the cryptocurrency exchange, has announced that existing Gemini Credit Card holders can now swap their current cards for the new orange Bitcoin Credit Card at no additional cost. This limited-time offer is available until August 31st, as stated by the company on its official Twitter account. The move caters to "popular demand," allowing users to embrace the Bitcoin-themed aesthetic.
"By popular demand, Gemini Credit Card holders can now swap their current card for the orange bitcoin credit card at no extra cost. Offer ends August 31st," Gemini stated in its tweet.
The orange Bitcoin Credit Card is primarily a new color option for Gemini's existing crypto rewards credit card, which has been available since 2021. It maintains the same core benefits, including up to 4% back in bitcoin on specific categories like gas and EV charging, and up to 1% back on all other purchases. Rewards are deposited instantly into the user's Gemini account, allowing cardholders to immediately benefit from potential price appreciation.
The Gemini Credit Card, issued by WebBank and powered by Mastercard, offers a range of features designed for crypto enthusiasts. These include no annual fees, no foreign transaction fees, and the flexibility to choose from over 50 cryptocurrencies for rewards, though Bitcoin remains the default and most popular choice. The card also incorporates security features such as a privacy-focused design with no card number on the physical card and Mastercard's ID Theft Protection.
While the orange card is largely a cosmetic update, it signifies Gemini's strategic focus on the Bitcoin community and its efforts to mainstream cryptocurrency adoption through familiar financial products. The company has actively promoted the orange card as a celebration of "Bitcoin culture," aiming to appeal to Bitcoin maximalists. This initiative aligns with the broader trend of crypto companies seeking to integrate digital assets into everyday spending.