Credit cards offering rewards in digital currencies such as bitcoin are hot right now, but you could get burned. Here's what to know about credit card...
Cryptocurrency is the talk of the finance world, and the credit card industry wants to be part of the conversation by offering rewards in digital currencies, such as bitcoin, BTCUSD, -0.74% ethereum, ETHUSD, +0.18% Cardano, ADAUSD, +2.60% Dogecoin DOGEUSD, +0.09% and others.
If you want to buy crypto, use money earned from a cash-back credit card or the equivalent value you reap from redeeming airline miles, for example. That lets you buy the cryptocurrency you want on your terms and timing. You also might accumulate more rewards to invest overall. Crypto rewards come in slightly different types. For example, your credit card spending might earn rewards as a digital currency, like bitcoin or ether, the currency of ethereum. With other issuers, you earn points or cash back that you can convert into cryptocurrency or use a different way.
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