Gemini credit card review: the rewards, the 16.74% to 34.74% APR and what WebBank's agreement bans
Gemini credit card review: rates, fees, terms
The Gemini Credit Card is a WebBank-issued Mastercard paying 4% back on gas, EV and transit up to $300 a month, 3% on dining, 2% on groceries and 1% elsewhere, in crypto. No annual or foreign transaction fee; purchase APR 16.74% to 34.74%. The agreement bars buying crypto and gambling with it.
Piece published Reviewed by CryptoGuardz Register Desk, editorial desk
The Gemini Credit Card is a Mastercard issued by WebBank that pays rewards in crypto: 4% on gas, EV charging and transit up to $300 of spend a month, 3% on dining, 2% on groceries and 1% on everything else. It has no annual fee and no foreign transaction fee. The purchase APR runs from 16.74% to 34.74%, set by creditworthiness, and the cardholder agreement forbids using the card to buy crypto.
This review reads three documents, all on 14 October 2026: the cardholder agreement dated 25 September 2026, the rewards program terms dated 4 March 2026, and Gemini's card and support pages. It is not a recommendation to apply. It records what the documents commit Gemini and WebBank to.
Gemini credit card rates and fees at a glance
| Item | Figure | Source |
|---|---|---|
| Issuer | WebBank, Salt Lake City, Utah | Cardholder agreement |
| Servicer | Gemini Constellation, LLC | Cardholder agreement |
| Network | Mastercard World Elite | Card page |
| Annual fee | None | Agreement, section on fees |
| Purchase APR | 16.74% to 34.74%, variable | Agreement disclosures |
| Cash advance APR | 29.74%, variable | Agreement disclosures |
| Penalty APR | 33.74%, variable; maximum APR 35.99% | Agreement disclosures |
| Cash advance fee | $10 or 3%, whichever is greater | Agreement disclosures |
| Foreign transaction fee | None | Agreement disclosures |
| Late payment fee | Up to $25; up to $35 if one was charged in the previous six cycles | Agreement, fees section |
| Returned payment fee | $25 first, $35 after | Agreement, fees section |
| Card replacement | One free per 12 months, then $50 | Agreement, fees section |
| Minimum interest charge | $0.50 | Agreement |
The APRs move with the Prime Rate, which the agreement gives as 7.00% on 25 September 2026. WebBank adds a margin of 9.74% to 27.74% for purchases, 22.74% for cash advances and 26.74% for the penalty rate. Payment is due at least 25 days after each billing cycle closes, and paying the full balance by then avoids interest on purchases. Interest on cash advances starts on the transaction date.
What rewards does the Gemini credit card pay?
| Category | Rate | Cap |
|---|---|---|
| Gas, EV charging, transit, taxis, rideshare | 4% | $300 of spend a month, then 1% |
| Dining | 3% | None stated |
| Groceries | 2% | None stated |
| Everything else | 1% | None stated |
The rates come from Gemini's card page and its support article on reward tiers. The cap refreshes on the 1st of each month. Gemini's older Product Overview support article still says "up to 3% back on dining", which reads as written before the 4% tier; the card page and tiers article are the current figures.
The rewards terms do not print these rates at all. They point to the support article and say rewards "may be subject to monthly, per-billing-cycle, per-category, per-merchant, per-transaction, or other caps." Promotional merchant offers, which the card page calls Vault Rewards, are capped by the terms at 10% "unless otherwise disclosed by Gemini".
Category coding is the merchant's, not Gemini's. The tiers article says rewards follow the merchant category code from the payment processor, and names Costco, Sam's Club, Walmart and Target as stores often not coded as groceries. In-store purchases at a gas station do not earn the 4% rate.
How are the crypto rewards paid?
Into the cardholder's Gemini account, in the crypto chosen. If none is chosen, "you will automatically receive Rewards in bitcoin, unless and until you change your election." The Product Overview lists bitcoin or "more than 40 cryptocurrencies available on Gemini."
Some rewards land at authorization, others when the purchase posts. A return reverses them in dollars: Gemini Constellation "will deduct the original U.S. Dollar amount of Rewards associated with that credit." If later rewards do not cover it, the cardholder can be billed a Rewards Charge, which the terms say "is not a penalty or program fee." The dollar figure is what is clawed back, whatever the coin has done since.
The value of Rewards is subject to market fluctuations.
Rewards also end with the account: "Your ability to participate in the Rewards Program ends when either of your Gemini Accounts is closed."
What can you not use the Gemini credit card for?
Section 3 of the cardholder agreement lists the prohibited uses:
(b) domestic or international gambling purposes, whether online or otherwise, ... (e) for the purpose of funding your Gemini account directly or indirectly, (f) for the purchase of cryptocurrencies
A crypto rewards card that cannot buy crypto is the one dry irony in the file. Breaking the rule puts the cardholder "in default", and the bank "may block such transactions and/or terminate your Account", with the cardholder still liable for the charges. The rewards terms separately exclude casino chips and cryptocurrency from earning rewards. How other card issuers handle crypto purchases is in can you buy crypto with a credit card, and the gambling rules across crypto cards in crypto cards and gambling.
Cash advances and other limits
Cash advances are capped at 10% of the credit limit, and at $1,000 in any one day. The agreement defines them to include wire transfers, money orders, foreign currency, lottery tickets and "casino gaming chips". The fee is $10 or 3%, whichever is greater, and interest runs from the day of the transaction at 29.74%.
Who can apply?
US residents only. The agreement requires residence in the United States at application "and at all times while the Account remains open", with 30 days to report a move abroad. The Product Overview says residents of all 50 states can apply.
What does the arbitration clause do?
Exhibit A sends disputes to arbitration and waives jury trials and class actions, unless the cardholder is a covered borrower under the Military Lending Act or "promptly" rejects the clause by the method in the exhibit. The agreement says the clause binds an applicant "even if you do not use the Account or the Card."
Gemini's exchange terms, licences and incident record are on the Gemini register entry, and the card register covers other crypto cards at /cards/.
Quick answers
Does the Gemini credit card have an annual fee?
No. The cardholder agreement lists the annual fee as "None", and there is no foreign transaction fee.
What is the Gemini credit card APR?
16.74% to 34.74% variable for purchases, 29.74% for cash advances and a 33.74% penalty APR, based on a 7.00% Prime Rate on 25 September 2026.
Who issues the Gemini credit card?
WebBank, a Utah state-chartered bank in Salt Lake City, on the Mastercard network. Gemini Constellation, LLC services the account.
Can I buy crypto with the Gemini credit card?
No. Section 3 of the agreement bars use "for the purchase of cryptocurrencies" and for funding a Gemini account. See can you buy crypto with a credit card.
Sources
- Gemini Mastercard Credit Card Cardholder Agreement, 25 September 2026, retrieved 14 October 2026
- Gemini, cardholder agreement page, retrieved 14 October 2026
- Gemini Credit Card Crypto Rewards Program terms, dated 4 March 2026, retrieved 14 October 2026
- Gemini, credit card page, retrieved 14 October 2026
- Gemini support, What rewards tiers are available on the Gemini Credit Card, retrieved 14 October 2026
- Gemini support, Product Overview, retrieved 14 October 2026
- CryptoGuardz exchange register, Gemini entry
- CryptoGuardz card register
About this piece
Compiled by the CryptoGuardz register team from the sources listed above. Research and drafting are AI-assisted and reviewed by a named editor before publication. Nothing here is a recommendation to gamble. If a figure or a reading is wrong, tell us and the correction is logged in public.