Digital assets have been gaining ground in recent years, with many large financial firms warming up to cryptocurrency. Some companies even allow you the option to buy crypto with a credit card. In the case of The Gemini Credit Card®, you earn crypto rewards via eligible purchases.

If you’re on the fence about whether a crypto card is right for you or if you’ll get approved, you can prequalify for the Gemini Credit Card without affecting your credit score. Gemini will conduct a basic review of your credit history as part of the prequalification process. Note that prequalifying doesn’t guarantee you’ll get approved for the card, but it can offer some insight.

Read more: Prequalified vs. preapproved credit card offers: What’s the difference?

With most rewards credit cards, the rewards you earn during a given month won’t show up in your account until the end of your billing cycle. The Gemini Credit Card works differently. Instead of getting rewarded at the end of your billing cycle, you’ll earn your rewards instantly after purchases (note that some purchases may have to clear before receiving rewards). This flexibility is valuable and could help you benefit from upswings in the crypto market quickly.

Read more: Best rewards credit cards

Gemini supports over 50 cryptocurrencies, and you can choose which crypto rewards you’d like to earn with your card. For instance, you might decide you’d like to earn Bitcoin rewards by default, but if you notice that the market is favoring Ether, you could switch your rewards quickly by logging into your card account.

There’s no limit to how often you can switch your rewards. That said, the option to earn rewards in over 50 cryptocurrencies is useful, but there are no other options for redeeming rewards with the Gemini crypto credit card.

Some of the available crypto rewards options include:

• Amp (AMP)

• Bitcoin (BTC)

• DAI (DAI)

• Dogecoin (DOGE)

• Ethereum (ETH)

• Litecoin (LTC)

• Polygon (MATIC)

• USD Coin (USDC)

If you like metal cards and crypto, the Gemini Credit Card could be an ideal option. It has a sleek design you’d expect from a metal credit card, and you can choose from three different color options: rose gold, silver, or black. The option to customize colors offers some fun and added flexibility.

This card also offers a fairly unique feature to keep your card number more secure. With most credit cards, the card number is printed directly on the front or back of the card itself. The Gemini crypto credit card doesn’t have the card number printed on it at all. Instead, you can access your card number by logging into your account via the web or Gemini app. The lack of a number on your card could offer added protection.

Read more: What are metal credit cards and how do they work?

Some credit cards give you a 0% introductory APR on new purchases, balance transfers, or both for a set period. Unfortunately, the Gemini credit card is not one of those cards. The card’s regular APR of 17.24% - 29.24% applies immediately, and your APR will depend on your creditworthiness.

Read more: Best 0% APR credit cards

As mentioned, the Gemini Credit Card doesn’t have an annual fee or a foreign transaction fee. You won’t pay any exchange fees on Gemini when you earn crypto rewards, either. That said, you will pay a few fees as a cardmember:

• Cash advance: either $10 or 3%, whichever is greater

• Late payment: up to $8

• Returned payment: up to $35

• Fees may also apply when you sell crypto on Gemini

If you want to expand your rewards-earning power, you can add up to five trusted friends, family members, or other individuals to your Gemini Credit Card account. Users can spend with the Gemini card, and you can create pre-set spending limits and add or remove users anytime by logging into your account.

Read more: How to add an authorized user to a credit card

With this card, you’ll get access to World Mastercard benefits like exclusive deals with popular merchants like Lyft, Instacart, Peacock, and Resortpass. Besides deals, you’ll get benefits like theft and zero liability protections, access to emergency assistance through Mastercard Global Services, special vacation offers through Mastercard Travel & Lifestyle Services, and more.

There aren’t many credit cards that provide crypto rewards for eligible purchases. However, you can use cash-back credit cards to earn cash back and then use that toward crypto purchases.

Why we like it: The Chase Freedom Unlimited is one of our favorite cash-back cards because it offers an elevated rewards rate on all eligible purchases, plus higher rates in specific spending categories, such as dining. This makes it easy to always earn rewards on purchases you’re already making.

How to redeem rewards for crypto purchases: There’s no minimum amount to redeem for cash back and you can receive a direct deposit into most U.S. checking and savings accounts. This is essentially straight cash you can use for whatever you want, including crypto purchases.

Read our full Chase Freedom Unlimited review

Why we like it: The Capital One Savor is one of the most rewarding cards available for earning cash back on everyday purchases. If you want a high rewards rate on purchases like dining and groceries, consider this card.

How to redeem rewards for crypto purchases: You can redeem rewards for a check, which you can deposit into a bank account and use for any eligible purchase, including buying cryptocurrency.

Read our full Capital One Savor Cash Rewards review

Why we like it: The Citi Custom Cash Card lets you customize how you earn your cash back, which is fairly unique among rewards credit cards. Maximizing your earning potential is simplified because you automatically receive a high 5% cash-back rate on your top eligible spend category each billing cycle (up to $500 spent).

How to redeem rewards for crypto purchases: ThankYou Points can be redeemed for bank deposits or checks, giving you two ways to get the cash you need for crypto purchases.

Read our full Citi Custom Cash Card review

This article was edited by Ben Walker (CEPF, CFEI®)

Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank’s website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.