Since the BlockFi Rewards Visa Signature credit card launched three months ago, over 50K cardholders in America have received a total of more than 124 BTC rewards, according to BlockFi co-founder and CEO Zac Prince.

The card offers Bitcoin rewards instead of traditional points. BlockFi data shows that Costco, Amazon, and Home Depot are the top three merchants with the highest spending. Prince stated that if cardholders continue to maintain the shopping habits of the previous three months, they will spend an average of more than $30,000 per year. 

According to a public statistic, the average credit card balance of US consumers in 2021 is $5,111.

By Mary Liu