Gemini, a leading cryptocurrency exchange, has launched an innovative cashback rewards program allowing credit card users to earn up to 4% back in XRP on eligible purchases. This initiative aims to bridge cryptocurrency with everyday spending while boosting user engagement.
Rewards Structure on the Gemini Credit Card
Launched in 2022 in collaboration with Mastercard, the Gemini Credit Card enables cardholders to earn crypto rewards instead of traditional cashback. Users can choose from XRP, Bitcoin, or 50+ supported cryptocurrencies for their cashback deposits.
Gemini co-founder Tyler Winklevoss recently promoted XRP rewards, encouraging the XRP community to leverage this opportunity. However, the announcement faced backlash due to past friction between Winklevoss and XRP supporters.
"Earn XRP back with the Gemini Credit Card every time you swipe."
— Tyler Winklevoss (March 2025)
Despite Gemini listing XRP in 2023 following Ripple’s legal wins, skepticism persists among some community members regarding Winklevoss’s endorsement.
How to Earn XRP Cashback
- Eligibility: Applicants must pass a credit check.
- Approval: Once approved, users can start earning XRP on Mastercard-accepted purchases.
- Introductory Bonus: Spend $3,000 in the first 90 days** to receive **$200 in XRP cashback, deposited into Gemini trading accounts.
👉 Maximize your XRP rewards with Gemini’s credit card
Tiered Rewards Breakdown
| Category | Cashback Rate | Monthly Cap (4% Tier) |
|---------------------------|--------------|-----------------------|
| Gas Stations/EV Charging | 4% | $200 |
| Dining | 3% | No cap |
| Grocery Stores | 2% | No cap |
| Other Purchases | 1% | No cap |
Note: After exceeding the $200 fuel/charging cap, the rate drops to 1%.
Expanding XRP’s Utility
Gemini’s program aligns with a growing trend of crypto-integrated financial products. Similar initiatives by Uphold, WhiteBIT, and Bit2Me highlight XRP’s increasing adoption.
Key benefits:
- Seamless accumulation of XRP via routine spending.
- Enhanced mainstream utility for cryptocurrency.
- Flexibility to trade, hold, or use rewards.
👉 Why XRP adoption matters for crypto payments
FAQs
Q1: Is the Gemini Credit Card available worldwide?
A1: Currently, it’s available only in the U.S.
Q2: Can I switch my cashback cryptocurrency later?
A2: Yes, cardholders can change their reward token preference via Gemini’s app.
Q3: Are there annual fees for this card?
A3: No, the Gemini Credit Card has zero annual fees.
Q4: How quickly are rewards deposited?
A4: Cashback is credited within 1–2 billing cycles.
Q5: What happens if XRP’s price fluctuates?
A5: Rewards are calculated based on the USD value at the time of purchase.
Conclusion
Gemini’s XRP cashback program offers a practical gateway into crypto rewards, blending everyday spending with digital asset accumulation. As crypto-linked financial services grow, such programs could accelerate broader adoption of XRP and blockchain-based payments.