American Express to Launch First Crypto Card on Its Network
Abra has announced the Abra Crypto Card, the first crypto rewards credit card on the American Express network that will transact in U.S. dollars and offer crypto back on any purchase category and amount.
Abra is a fintech company that operates a cryptocurrency wallet service including the ability to trade over 100 different cryptocurrencies, earn high yield on digital assets, and borrow against crypto holdings all in one, easy-to-use app. With over 2 million customers and growing, Abra has processed over $2 billion in crypto-backed loans.
The new Abra Crypto Card will let cardholders earn crypto back on any purchase category and amount. The crypto rewards will be tradable across over 100 different cryptocurrencies with no annual or foreign transaction fees. The exact earning rates have not been revealed yet.
In addition, the Abra Crypto Card will offer several benefits from the American Express Network. That includes Amex Offers, presale ticket access, Global Dining benefits, and purchase protections.
The Abra Crypto Card should be first available in late 2022. Join the early access waitlist for the chance to be among the first to apply for the card here. There’s also a signup bonus for the Abra app.