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Credit Limit Increases for BlockFi Rewards Visa® Signature Credit Cardholders

Published, 24 August, 2021

The BlockFi Rewards Visa® Signature Credit Card has made a big splash in the crypto and credit card world since we began shipping cards to eligible people at the top of the waitlist earlier this month. We’ve loved seeing people post their unboxings to YouTube and Twitter, and sharing their first and favorite purchases that are now earning Bitcoin rewards. As we invite all eligible waitlist participants to apply for the card, we’ve also introduced improvements for current cardholders.

We’ve heard your early feedback, and we’re happy to announce that we have worked with our partners to increase credit limits for cardholders who qualify. Previously, the credit limit ceiling was set at $10,000, even for the most qualified applicants. The max credit limit for qualified cardholders is now $25,000.

Automatically increasing credit limits can benefit eligible BlockFi cardholders in two ways. First, cardholders who are eligible will have more flexibility when it comes to their purchasing power. This will enable them to use the card for bigger purchases and earn more rewards. Second, increasing credit limits can help lower credit utilization, which can help improve credit scores. Credit utilization can be a major factor in one’s credit score. Keeping one’s credit utilization low may indicate to creditors that they are a responsible borrower.

If you are a current cardholder and eligible for a credit limit increase, you’ll receive an email notifying you about your new credit limit, which will be available immediately. There will be no credit inquiries to determine if you are eligible. No action is required from your side. New applicants that are eligible will also receive the updated credit limits at the time of application.

We’re planning to add even more functionality and give you more ways to earn with the world’s first Bitcoin rewards credit card. Stay tuned in the coming months to discover the latest updates coming to the BlockFi Rewards® Visa Signature Card.

If you want to start earning Bitcoin back on every purchase sign up for BlockFi and apply today! app.blockfi.com/credit-card/application

Disclaimer: Applying for the BlockFi Bitcoin Rewards Credit 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.

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 citizenship, residence or otherwise.

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.

Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections. For more information, please see BlockFi's Terms of Service.

BlockFi Lending LLC NMLS ID#1737520 | BlockFi Trading LLC NMLS ID#1873137

Last updated on June 2nd, 2022

Credit Card

As of February 14, 2022, the BlockFi Interest Account (BIA) is no longer available to new clients who are US persons or persons located in the US and existing US clients with BIA accounts are unable to transfer new assets to their BIAs. Learn More.

BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access

BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access

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. 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.

BlockFi International Ltd. holds a Class F digital assets business license under the Digital Assets Business Act, 2018 (as amended) and is licensed by the Bermuda Monetary Authority to conduct the following digital assets business activities: (i) issuing, selling or redeeming virtual coins, tokens or any other form of digital assets (ii) operating as a digital asset exchange (iii) providing custodial wallet services (iv) operating as a digital asset derivative exchange provider and (v) operating as a digital assets services vendor.

See blockfi.com/terms for more information.

BlockFi Lending LLC NMLS ID#1737520 | NMLS Consumer Access

BlockFi Trading LLC NMLS ID#1873137 | NMLS Consumer Access

See blockfi.com/terms for more information.

Credit Limit Increases for BlockFi Rewards Visa® Signature Credit Cardholders

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