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The is joining the ranks of credit cards offering cryptocurrency rewards.
It’s the first card aimed at business owners to enable such a feature, and it follows closely on the heels of the news that the — a consumer card — also .
This new redemption option comes thanks to a two-level partnership: Brex partnered with TravelBank in 2018 for its travel-booking platform, Brex Travel. TravelBank partners with Coinbase, which enables users to buy, sell and manage cryptocurrencies.
Holders of the can redeem points for crypto on Brex’s rewards dashboard, much like they can for other types of rewards. The crypto is sent to your Coinbase wallet (if you don’t have one yet, you can set one up through Coinbase, then return to the Brex dashboard to redeem). For now, only Bitcoin and Ethereum are available.
In addition to crypto, you can redeem Brex points for travel booked through Brex Travel, miles with Brex’s airline partners, statement credits, gift cards and, if you have a account, cash back deposited into that account. With most redemption options, you get a value of one cent per point. However, if you redeem for statement credits or crypto, you only get a value of 0.7 cent per point.
The earns a base rate of 1 point per $1 spent, along with 3 points per $1 spent on eligible Apple purchases made through the Brex Rewards portal. You can increase your rewards rate by using the exclusively, earning:
Other credit cards promising rewards in the form of crypto include the and . But for now, those cards aren't yet available and are accepting people to waitlists only.