Crypto Credit Cards in Canada

Want to start earning Bitcoin or cryptocurrency instead of loyalty points? We found 9 Bitcoin and crypto rewards cards that are eligible in Canada. This page tracks all 9 cards across 20 variables and 180 data points. We update this page regularly but this data is subject to change.

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  • Overview

  • Limits & Fees

Header
Shakepay Visa Card

Shakepay Card

Netcoins Pay Visa Card

Netcoins Card

Mogo Platinum Visa Card

MogoCard

Wealthsimple Cash Card Visa

Wealthsimple Cash Card

Crypto.com Midnight Blue Card

Midnight Blue

Crypto.com Ruby Steel Card

Ruby Steel

Crypto.com Royal Indigo and Jade Green Card

Royal Indigo & Jade Green

crypto.com card frosted rose gold and icy white

Rose Gold & Icy White

Crypto.com Obsidian card

Obsidian

Cash Back Rate

1% (2% with promo)

1% (3% with promo)

50 Satoshis (0.0000005 BTC per tap)

1%

0%

1%

2%

3%

5%

Cash Back Form

BTC

BTC

BTC

Crypto, Stocks or Cash

CRO

CRO

CRO

CRO

CRO

Annual Fee

Free

Free

Free

Free

Free

Stake $500 CRO for 6 months

Stake $5K CRO for 6 months

Stake $50K CRO for 6 months

Stake $500K CRO for 6 months

Other Benefits

ShakeSquad: Get 42 Sats whenever a friend uses their card

N/A

1 tree planted per tap, free credit score monitoring

No foreign transaction fees, no ATM fees

N/A

Free Spotify

Free Spotify, Netflix, Airport lounge access

Everything in tier 3 & 10% Expedia rebate, bonus rewards

Everything in tier 4 & 10% Airbnb rebate, private jet membership, & more

Payout Frequency

~24 hours

Once a month

First of every month

7-9 days

~36 hours

~36 hours

~36 hours

~36 hours

~36 hours

Card Type

Prepaid Visa

Prepaid Visa

Prepaid Visa

Prepaid Visa

Prepaid Visa

Prepaid Visa

Prepaid Visa

Prepaid Visa

Prepaid Visa

Interac E-Transfers

Yes

Yes

Yes

No

Yes

Yes

Yes

Yes

Yes

CAD Deposit Fee

Free

Free

Free

Free

Free

Free

Free

Free

Free

Other Notes

No physical card yet. Only Apple Pay or Google Pay

N/A

Can't withdraw the Bitcoin

Cash balances are CDIC insured

N/A

Max $25/mo in CRO rewards

Max $50/mo in CRO rewards

N/A

N/A

Cardholder Agreement

Sign Up Promotion

$30 free when you trade $100 + 2% cash back on first $5K

$60 free when you trade $100 + 3% cash back for first 90 days

1000 Free Satoshis & Plant 8 Trees

Get $10 free for signing up

None

$25 free for staking

$25 free for staking

$25 free for staking

$25 free for staking

Cell

More Information

Top Picks for 2022

Best Overall

Shakepay Visa

Shakepay Visa Card
  • 2% BTC cash back on first $5K
  • 1% afterwards
  • Fast payouts (24-48 hours)
  • Earn even more with ShakeSquad and ShakingSats

Best Promo

Netcoins Pay

Netcoins Pay Visa Card
  • 3% BTC cash back for 90 days
  • 1% afterwards
  • Physical & virtual card
  • Payouts once per month
  • $60 free when you trade $100

Best Rewards

Crypto.com Royal Indigo / Jade Green

Crypto.com Royal Indigo and Jade Green Card
  • 2% cash back (max $50/mo)
  • Must stake $5k worth of CRO
  • Free Spotify & Netflix ($28/mo value)
  • Fast payouts (about 36 hours)

Best for Travel

Wealthsimple Cash Card

Wealthsimple Cash Card Visa
  • 1% cash back for crypto or stocks
  • 0% foreign transaction fees
  • Free domestic & international ATM withdrawals
  • Payouts take 7-9 days

🚫 Cards NOT in Canada

There are many crypto rewards cards but not every one is available in Canada.

BlockFi Visa Card

BlockFi Visa

Binance Visa Card

Binance Visa

Coinbase Visa Debit Card

Coinbase Card

Fold Visa Debit Card

Fold Visa Debit

Gemini Crypto Card

Gemini Card

FTX Card

FTX Card

Other:

Video Review

Published on April 20, 2022. Refer to the rest of this page for the most updated info.

How Crypto Credit Cards Work

Right now, every crypto credit card in Canada is a prepaid card that lets you spend CAD and earn crypto as rewards. Prepaid cards work just like a debit card but still give you rewards like a credit card. Since no borrowing is involved, there is no credit check and no minimum requirements to get a card. You also don't have to worry about harming your credit score or paying interest. 

What To Look For When Getting A Card

The tables above provide all the information you need to choose the right card. The most important things to consider are what you'll use the card for, the rewards, the payout frequency, and the fees. 

  • Fees: What are the costs associated with the card, such as annual fees, inactivity fees, ATM withdrawal fees, foreign transaction fees, etc.
  • Rewards & Perks: What benefits does the card offer you? For example, a sign up bonus, the total cash back rate, insurance coverage, travel perks, etc. Also consider if there are any limits or exclusions in the fine print.
  • Payout Frequency: How fast do your rewards get delivered? Some cards deposit your rewards within 24 hours while others do so every 30 days. 
  • User Interface: Is the platform easy to use, do you like the mobile app, are spending insights or any useful features available?

How To Apply For A Crypto Credit Card

Most crypto rewards cards are issued by cryptocurrency exchanges, which require KYC (know your customer) to sign up. In simple terms, it means you need to verify your identity to sign up for the platform. Once you're signed up for the exchange, you can usually get the card right away since there is no credit check or minimum income requirements.

Signing up for a Canadian crypto exchange typically takes 5-10 minutes and requires info like this:

  • Your full name
  • Email address
  • Phone number
  • Date of birth
  • Address
  • Copy of government-issued ID
  • Selfie check

Many platforms will verify you instantly but it can take a few days as well. Once your account is open, you can immediately get your physical or virtual card.

FAQ

Do Crypto Credit Cards Impact My Credit Score?

Crypto credit cards in Canada are prepaid cards, so they do not impact your credit score. As you are not given a credit limit, there is no credit check when applying and there is no risk of going into debt with a prepaid card.

What's The Difference Between A Credit Card And A Prepaid Card?

With a credit card, you are borrowing money and need to pay it back. With a prepaid card, you are spending your own money that you have deposited beforehand. Prepaid cards don't have interest rates, don't allow you to go into debt, and don't impact your credit score because you are not borrowing funds.

What's The Difference Between A Debit Card And A Prepaid Card?

Both are very similar. Most debit cards are linked to your bank account, do not offer rewards, and sometimes allow you to go into overdraft protection. With prepaid cards, money is loaded into your account, usually from a bank account, and there are no credit limits or overdrafts when you hit $0.

Where Can I Use A Crypto Credit Card?

You can spend your crypto credit card anywhere Visa or Mastercard is accepted.

Are Crypto Credit Cards Safe?

Yes. Since the cards are partnered with Visa or Mastercard, they have similar security features as regular credit cards. It often includes zero-liability insurance against fraud or theft, transaction monitoring, and more.

However, digital assets must be treated with additional care. For example, use 2 factor authentication, store your crypto in cold storage, and hide your seed phrase.

Is The Coinbase Visa Card Available In Canada?

No, the Coinbase Visa Card is not available in Canada and there is no official date as to when it will be. The card is available in more than 20 countries, including the USA, UK, France, Sweden, Germany, Spain, Iceland, and others.

Is A Crypto Credit Card Worth It?

The main reason to get a crypto credit card is to earn free Bitcoin or cryptocurrency as cash back. As Bitcoin's value may rise over time, earning Bitcoin cash back may be preferable to traditional rewards points. However, when it comes to regular credit cards, there are more options to choose from, so it’s worth comparing the rewards.

Will You Be Adding More Cards To The List?

Right now, this is every crypto credit card that is eligible in Canada that we found. Crypto cards are relatively new in the overall credit card industry but we'll update the list as more cards are released.

Can I Trust This Data?

Yes, all info is collected from the official websites and verified accounts that have passed KYC with Canadian citizenship. We won't be perfect 100% of the time but our goal is to go the extra mile to create reviews and comparisons that you can trust.

How Often Is This Page Updated?

We make updates every month and have a small team that fact checks information. We do our best but sometimes there will be info that is incorrect. RankFi is 100% free and you can support us by signing up with our referral links which helps keep the site updated.

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