Introducing BlockFi Offers, a New Rewards Offering That Gives BlockFi Cardholders More Ways to Earn Crypto.

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May 19, 2022, 10:00 ET

Benefits to cardholders include additional reward rates, up to 10% back in crypto at thousands of favorite brands and restaurants.

JERSEY CITY, N.J., May 19, 2022 /PRNewswire/ -- Today, BlockFi announced BlockFi Offers, a new rewards program designed to deliver more value through new crypto rewards offerings to the BlockFi Rewards Visa® Signature Card community. Through BlockFi Offers, BlockFi cardholders can earn additional and personalized rewards with up to 10% crypto back at thousands of select brands and restaurants^¹. This simple and seamless rewards program empowers cardholders to earn even more crypto on everyday purchases. BlockFi Offers will be open to all BlockFi cardholders before the end of May.

"We are very pleased to launch BlockFi Offers and embed crypto further into the everyday lives of our cardholders by delivering personalized card-linked offers with household brands. This is just one of the many benefits available to BlockFi cardholders, and I'm looking forward to when we launch more rewards and features in the near future," said Zac Prince, BlockFi CEO & Founder.

At the time of launch, these new card-linked offerings include: adidas, Shake Shack, H&M, Finish Line, Costco, Meta Quest, and Jared along with hundreds more. Cardholders can select to redeem these rewards in more than 10 different cryptoassets offered on BlockFi.

This is on top of the standard 1.5% back in crypto on every purchase. For example, a BlockFi cardholder making a purchase at a local coffee shop that has a 5% back offer, while the offer is valid, can earn 5% back in crypto on top of the 1.5% base rewards rate, for a total rewards rate of 6.5% back in crypto on that purchase. These offers, which are enabled by Cardlytics (NASDAQ: CDLX), a card rewards platform with hundreds of brands and retail partners, are automatically added directly to each cardholder's BlockFi account at the end of every month for immediate use. Cardholders can also use the BlockFi app to find curated offers, track rewards, and more.

"BlockFi is actively developing partnerships to continually add more ways to earn crypto rewards. In less than one year, the BlockFi cardholder community has grown to more than 85,000. It's really promising that, since launch, BlockFi has given out more than $26 million in crypto rewards to our cardholders. Our cardholder community is full of crypto enthusiasts who want more daily opportunities to grow their crypto wealth, and BlockFi is committed to making this a reality," said Prince.

"The evolving consumer sentiment toward crypto is very exciting. Partnering with BlockFI to bridge the gap between crypto and traditional financial institutions to deliver a flexible solution for their customers to shop, pay and be rewarded is very exciting. As blockchain and digital currencies become more accepted, it is imperative that we facilitate universal redemption opportunities," Farrell Hudzik, EVP, Cardlytics Financial Institutions.

Have questions? BlockFi's team of experts is available for any level of crypto expertise. Contact us here.

Still on the fence about which crypto rewards card is the best for you? Read BlockFi's take on criteria to consider when evaluating your crypto rewards credit card options.

About BlockFi
BlockFi is a new breed of financial services company. Founded in 2017 by Zac Prince and Flori Marquez, BlockFi is building a bridge between cryptocurrencies and traditional financial and wealth management products to advance the overall digital asset ecosystem for individual and institutional investors.

About Cardlytics
Cardlytics (NASDAQ: CDLX) is a digital advertising platform. We partner with financial institutions to run their rewards programs that promote customer loyalty and deepen relationships. In turn, we have a secure view into where and when consumers are spending their money. We use these insights to help marketers identify, reach, and influence likely buyers at scale, as well as measure the true sales impact of marketing campaigns. Headquartered in Atlanta, Cardlytics has offices in London, New York, Los Angeles, San Francisco, Austin, Detroit, and Visakhapatnam. Learn more at www.cardlytics.com.

Disclaimers: Nothing contained in this announcement should be construed as a solicitation of an offer to buy or offer, or recommendation, to acquire or dispose of any security, commodity, investment or to engage in any other transaction. The information provided in this announcement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This announcement is not directed to any person in any jurisdiction where the publication or availability of the announcement is prohibited, by reason of that person's nationality, residence or otherwise.

Applying for the BlockFi Rewards Visa® Signature Card ("Card") does not guarantee that you will be eligible to receive the Card. Geographic, regulatory, and underwriting restrictions will apply. Fees and terms are subject to change, and additional terms of service will apply to the Card. By applying for the Card, you agree to receive marketing communications pursuant to BlockFi's Privacy Policy. For more information, please see BlockFi's Terms of Service. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a licensee from Visa® USA Inc.

Digital currency is not legal tender, is not backed by the government, and crypto accounts held with BlockFi are not subject to FDIC or SIPC protections. Neither BlockFi nor any of its affiliates or representatives provide legal, tax or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. Digital currency values are not static and fluctuate due to market changes. Not all products and services are available in all geographic areas and are subject to applicable terms and conditions. Eligibility for particular products and services is subject to final determination by BlockFi. Rates for BlockFi products are subject to change.

BlockFi Rewards Credit Card: For more information, please see BlockFi's Terms of Service . BlockFi is not a Bank. Cards are issued by Evolve Bank & Trust, Member FDIC, pursuant to a license from Visa® USA Inc. Rewards are not offered by Evolve Bank & Trust and are instead offered and managed by BlockFi.

^¹BlockFi Offers are offered and managed by Dosh. Rewards are managed by BlockFi. Must opt in to be eligible. You may opt out at any time by logging into your BlockFi account or using the BlockFi app. BlockFi Offers are subject to Dosh Terms of Service and the BlockFi Rewards Program and Crypto Rewards Account Terms, and the BlockFi Retail Offers powered by Dosh Privacy Policy. You may opt out at any time by logging into your BlockFi account or using the BlockFi app.

SOURCE BlockFi