Gemini Credit Card

Rewards by category

Our take

The Gemini Credit Card pays its rewards in crypto — bitcoin by default, or any of 50+ coins you can switch anytime — on a $0-annual-fee Mastercard World Elite issued by WebBank. The headline rate is 4% on gas, EV charging, and transit, backed by 3% on dining, 2% on groceries, and 1% on everything else, with no foreign transaction fee and applications currently open.

The condition to understand is the cap, because it is the steepest cliff in our catalog. That 4% applies only to the first $300 of combined gas, EV charging, and transit spend each month — at most $12 in rewards — and then the rate falls to 1%, not to some reduced category rate. The counter resets on the 1st, and one tank-heavy month burns through $300 fast. Past the cap, this is the worst card in your wallet for those exact categories.

On valuation: we count crypto rewards at their cash value at the moment you earn them, and we never forecast what the coin does afterward — the ride up or down belongs to you. Judged that way, the sleeper rate is the uncapped 3% on dining, which can out-earn the entire 4% category once dining spend passes $400 a month. Rotating Vault Rewards promos add up to 10% at featured merchants, and note the old $200 intro bonus was paused effective 2026-01-31 — there is no public bonus today.

In a wallet, the honest role is dollar-cost-averaging into crypto from spending you were doing anyway, at no fee. Route the first $300 of monthly gas and transit here, lean on the 3% dining line, and the moment the cap trips, hand those pump-and-fare purchases to any 2% card — even a flat-rate floor beats this card's post-cap 1%.

The math

Run $200 a month of gas through this card and you're earning about $96 a year at our conservative valuations. There's no annual fee to earn back — everything above the 1% base rate is pure upside.

Where it lands in our rankings: #3 for transit & rideshare

Key benefits

• Rewards in bitcoin or 50+ cryptos of your choice, changeable anytime
• No foreign transaction fees
• Mastercard World Elite benefits

Common questions

Does Gemini Credit Card have an annual fee?

No — Gemini Credit Card has no annual fee.

What does Gemini Credit Card earn on gas?

4% on gas (up to $300/mo (combined)).

What rewards does Gemini Credit Card earn on everything else?

1% on all other purchases, in Gemini Crypto Back.

What happens after I hit the $300 monthly cap on gas, EV charging, and transit?

The rate drops to 1% on further spend in those categories — not to a reduced category rate, but to the plain base rate — until the cycle resets on the 1st of the month. At 4% on $300, the cap is worth at most $12 a month, so once it trips, almost any other card in your wallet earns more at the pump or the turnstile.

How does SwipeCaddy value the Gemini card's crypto rewards?

At the cash amount on the day you earn them. You pick the payout coin — bitcoin by default, from 50+ options you can change anytime — and rewards are credited at their cash value at earn time. We never forecast what the asset does afterward; any gain or loss from there is your ride, up or down.

Does the Gemini Credit Card have a sign-up bonus or an annual fee?

There is no public sign-up bonus today — the old $200 intro offer was paused effective 2026-01-31. The fee side is clean: $0 annual fee and $0 foreign transaction fees on a Mastercard World Elite, so the ongoing rates and the crypto payout are the whole pitch.

Related reading

• How we value points and miles (and why our numbers are lower than everyone else's)SwipeCaddy ranks cards by reward rate × a conservative cash value per point: 1¢ for cash back and transferable points (Chase, Amex, Citi, Capital One, Bilt), 1.1–1.3¢ for airline miles, 0.4–1.4¢ for hotel points, and 0.8–0.9¢ for store currencies. Optimistic transfer values are recorded for context but never ranked, because most people never achieve them.