8% Cashback?! Somebody Slap Me!

TL;DR: Binance has come out with a credit card that gives up to 8% cash back.

Binance is a cryptocurrency exchange that has blown up with the cryptocurrency rage in recent years. They’ve even more recently come out with a credit card that allows you to pay for your purchases with cryptocurrencies, superficially offers up to 8% cash back on purchases.

However, don’t get too excited yet.

If you get the card, you’re placed into a “tier” where you can get between 1% and 8% on your purchases. Your tier is completely based on how many “Binance Coins” (or BNB, which is Binance’s cryptocurrency) you own. to get tier 7 with 8% back, you need to hold 6000 BNB, which currently would cost over $160k. Yeah, that’s a pretty hefty investment.

I’m not sure I would personally recommend this card – I don’t know how I feel about being so tied to Binance in my investments and credibility in this card. However, they are the biggest cryptocurrency exchange, and it’s still my job to make sure you have all available info to make your own informed decisions!

For more details, check out the FAQs on their site.

Happy Binance Credit Card’ing,

TheJKW

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