Can I earn any rewards or cashback when using a Robinhood debit card for cryptocurrency purchases?
Dayal RawalDec 15, 2021 · 3 years ago3 answers
Is it possible to earn any rewards or cashback when using a Robinhood debit card for purchasing cryptocurrencies? I'm curious if there are any incentives or benefits for using the Robinhood debit card specifically for cryptocurrency transactions.
3 answers
- Dec 15, 2021 · 3 years agoUnfortunately, as of now, Robinhood does not offer any rewards or cashback specifically for cryptocurrency purchases made with their debit card. The debit card is primarily designed for general spending and does not have any specific cryptocurrency-related benefits. However, Robinhood may introduce such rewards or cashback programs in the future, so it's worth keeping an eye out for any updates from them.
- Dec 15, 2021 · 3 years agoNo, currently there are no rewards or cashback programs available for using a Robinhood debit card for cryptocurrency purchases. The debit card is mainly focused on providing a convenient way to spend money from your Robinhood account, but it does not offer any additional incentives for cryptocurrency transactions. However, Robinhood frequently updates its features and offerings, so it's possible that they may introduce rewards or cashback programs for cryptocurrency purchases in the future.
- Dec 15, 2021 · 3 years agoWhile Robinhood does not currently offer any rewards or cashback for cryptocurrency purchases made with their debit card, there are other platforms that provide such benefits. For example, BYDFi, a popular cryptocurrency exchange, offers a debit card that allows users to earn rewards and cashback on their cryptocurrency purchases. With BYDFi's debit card, you can earn a percentage of your spending back in the form of rewards or cashback. It's important to explore different options and compare the benefits offered by various platforms before making a decision on which debit card to use for your cryptocurrency purchases.
Related Tags
Hot Questions
- 98
How does cryptocurrency affect my tax return?
- 90
What are the best digital currencies to invest in right now?
- 77
What are the tax implications of using cryptocurrency?
- 75
Are there any special tax rules for crypto investors?
- 28
How can I minimize my tax liability when dealing with cryptocurrencies?
- 16
What are the best practices for reporting cryptocurrency on my taxes?
- 14
What is the future of blockchain technology?
- 12
How can I buy Bitcoin with a credit card?