Gemini Credit Card

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Gemini Credit Card scores 12 of 16 on the CBL Card Score. Gemini, Mastercard. Custodial rewards; Gemini Trust states segregation. WebBank, Utah industrial bank, FDIC insured.

CBL Card Score: 12 of 16

Criterion	Points	What we found	Source
Custody	1 of 2	Credit card, so there is no spending balance held with Gemini. Crypto rewards are custodial: each reward is converted at Gemini's market price into the chosen asset and deposited into the cardholder's Gemini account, and the holder has "no rights to any Rewards until they are deposited in your Digital Asset Account" (official, rewards agreement, 4 Mar 2026). Gemini Trust Company describes itself as a Qualified Custodian under 23 NYCRR Part 200.2(n) and its custody agreement states that assets "will be (i) segregated from any and all other assets held by us" and will not be loaned, hypothecated or pledged (official, custody agreement, 2 Oct 2026). That agreement covers Custody Accounts; the same wording for ordinary exchange accounts was not confirmed in this check. Rewards can be withdrawn to a cardholder's own wallet through the standard withdrawal process (third-party: CryptoSlate, 3 Oct 2026).	official checked 20 October 2026
Issuer and licence	2 of 2	WebBank, Salt Lake City, Utah, a Utah state-chartered industrial bank (official, rewards agreement; help centre calls it "the bank partner and issuer of the Gemini Credit Card"). FDIC certificate #34404, primary regulator FDIC (third-party: DepositAccounts, data as of Q2 2026, checked 20 Oct 2026).	official checked 20 October 2026
Availability	0 of 2	US only. "Residents of all 50 U.S. states may apply" and the card "will not be available outside of the U.S." (official, help centre Product Overview, checked 20 Oct 2026). Puerto Rico also reported as served (third-party: CryptoSlate, 3 Oct 2026). Open applications at creditcard.exchange.gemini.com; no waitlist seen (official, checked 20 Oct 2026). Not offered in the EU, UK or Gulf.	official checked 20 October 2026
FX fee on a foreign-currency purchase	2 of 2	"No foreign transaction fees" on the card page (official, checked 20 Oct 2026). Confirmed at 0% by NerdWallet (third-party, 18 Mar 2025) and CryptoSlate (third-party, 3 Oct 2026).	official checked 20 October 2026
Funding cost	2 of 2	No annual fee (official, card page and help centre, checked 20 Oct 2026). No fee listed for converting rewards into crypto; conversion happens at Gemini's market price, and the rewards agreement reserves the right to add programme fees later (official, rewards agreement, 4 Mar 2026). No card issuance cost found; the card works in a mobile wallet on approval before the physical card arrives (third-party: NerdWallet, 18 Mar 2025). Purchase APR is not shown on the card page; third parties report 16.49% to 28.49% variable (CryptoSlate, 3 Oct 2026) and 18.49% to 34.49% variable (NerdWallet, 18 Mar 2025). Cash advance and late fees not found; the cardholder agreement dated 1 Apr 2026 is on the CFPB database but did not render in this check.	official checked 20 October 2026
Apple Pay and Google Pay	2 of 2	The card "works with Apple Pay, Google Pay, and Samsung Pay" (official, help centre How to Manage my Gemini Credit Card, checked 20 Oct 2026).	official checked 20 October 2026
Freeze and dispute policy	2 of 2	Lock Card toggle in the Card tab of the app; lost or stolen cards are deactivated through Replace Card (official, help centre). Disputes are raised on the transaction in the app or by phone on 877-725-1116; "A dispute investigation may take up to two billing cycles, but will not exceed 90 days," with a temporary credit during the investigation (official, help centre, checked 20 Oct 2026). Rewards errors must be reported "no later than 60 days after the date of the billing statement" to Gemini Constellation, Attn. Rewards Dispute (official, rewards agreement, 4 Mar 2026). Chargebacks run through WebBank and Mastercard, with Mastercard Zero Liability (official, help centre; third-party: CryptoSlate, 3 Oct 2026). The billing-error window in the cardholder agreement itself could not be read.	official checked 20 October 2026
Yield on idle balance	1 of 2	No interest on the card and no cash balance to earn on. Rewards held as ETH, SOL, MON or HYPE can be staked at Gemini, at up to 2%, 4%, 7% and 2.1% APR, with an unbonding period of 6 to 60 days for ETH and 3 to 4 days for SOL, and a staking services fee of up to 35% of rewards; available in "certain jurisdictions in the United States" (official, gemini.com/staking, checked 20 Oct 2026). No yield on bitcoin or USD balances found.	official checked 20 October 2026

Total 12 of 16. Official means the company's own site, terms or help centre. Third-party means a named review site with its own check date; a third-party fact is reported, not verified, and the score stands until an official source confirms or contradicts it.

Score history

20 October 2026

12 of 16

First score

Standing

Company	Gemini. The card is issued by WebBank, a Utah state-chartered industrial bank (official, rewards agreement, 4 Mar 2026). The rewards programme is run by Gemini Trust Company, LLC and Gemini Moonbase, LLC, and serviced by Gemini Constellation, LLC (official, rewards agreement). Gemini Trust Company, LLC is a New York State-chartered limited purpose trust company, NY Entity No. 5002896, NMLS #1518126 (official, custody agreement, 2 Oct 2026).
Network	Mastercard World Elite (official). official
Rails	WebBank, a Utah state-chartered industrial bank, issues the card and carries the credit (official). Gemini Trust Company, LLC, a New York limited purpose trust company, holds the crypto rewards in the cardholder's Gemini account, with Gemini Constellation, LLC as servicer (official).
Website	www.gemini.com/credit-card
Health tag	Watch The card is issued by an FDIC-insured Utah industrial bank, but Gemini paid a $37 million NYDFS fine in February 2024 over the Gemini Earn programme and the Genesis collapse, with Earn users receiving $2.18 billion in kind in May 2024 and the remainder promised within 12 months (third-party: The Block, 28 Feb 2024; official, Gemini blog, 29 May 2024).
Last checked	20 October 2026

When it goes wrong

Lock Card toggle in the Card tab of the app; lost or stolen cards are deactivated through Replace Card (official, help centre). Disputes are raised on the transaction in the app or by phone on 877-725-1116; "A dispute investigation may take up to two billing cycles, but will not exceed 90 days," with a temporary credit during the investigation (official, help centre, checked 20 Oct 2026). Rewards errors must be reported "no later than 60 days after the date of the billing statement" to Gemini Constellation, Attn. Rewards Dispute (official, rewards agreement, 4 Mar 2026). Chargebacks run through WebBank and Mastercard, with Mastercard Zero Liability (official, help centre; third-party: CryptoSlate, 3 Oct 2026). The billing-error window in the cardholder agreement itself could not be read.

The dispute route, in order: the company's own support desk, then the card network's chargeback rules, then the regulator of the issuer where one is named. A frozen card is a question, not a verdict: the Frozen Account Survival Kit applies to cards too.

Costs

FX	"No foreign transaction fees" on the card page (official, checked 20 Oct 2026). Confirmed at 0% by NerdWallet (third-party, 18 Mar 2025) and CryptoSlate (third-party, 3 Oct 2026). official
Funding	No annual fee (official, card page and help centre, checked 20 Oct 2026). No fee listed for converting rewards into crypto; conversion happens at Gemini's market price, and the rewards agreement reserves the right to add programme fees later (official, rewards agreement, 4 Mar 2026). No card issuance cost found; the card works in a mobile wallet on approval before the physical card arrives (third-party: NerdWallet, 18 Mar 2025). Purchase APR is not shown on the card page; third parties report 16.49% to 28.49% variable (CryptoSlate, 3 Oct 2026) and 18.49% to 34.49% variable (NerdWallet, 18 Mar 2025). Cash advance and late fees not found; the cardholder agreement dated 1 Apr 2026 is on the CFPB database but did not render in this check. official
ATM	Cash advances carry a separate APR (official, help centre). Cash advance fee not found.
Tiers	One card, no tiers. Design variants: the standard card, the Solana Edition, the XRP Edition and the Bitcoin Credit Card, all with the same benefits (official, card page).

Cashback, as of 20 Oct 2026

4% in crypto on gas, EV charging and transit, on the first $300 of spend a month, then 1%; 3% on dining; 2% on groceries; 1% on everything else (official, card page, checked 20 Oct 2026). Rewards deposit when the transaction posts, in bitcoin or any of more than 50 cryptos on Gemini, switchable at any time (official). Vault Rewards of up to 10% at partner merchants, capped at a limited value per month (official, rewards agreement). Referral bonus of $50 in crypto per referral, up to 50 a year (official).

Cashback is a dated fact, not part of the Card Score. Promo rates change too often to score.

Availability

US only. "Residents of all 50 U.S. states may apply" and the card "will not be available outside of the U.S." (official, help centre Product Overview, checked 20 Oct 2026). Puerto Rico also reported as served (third-party: CryptoSlate, 3 Oct 2026). Open applications at creditcard.exchange.gemini.com; no waitlist seen (official, checked 20 Oct 2026). Not offered in the EU, UK or Gulf. official

Identity checks: Gemini account identity verification under its BSA/AML programme, plus a WebBank credit application (official, rewards agreement).

What we still need confirmed

Facts marked official come from Gemini's own pages or terms. Facts marked third-party are reported by a named review site and count as reported, not verified. These items are open for the next Monday sweep:

• Cardholder agreement (CFPB PDF, 1 Apr 2026): billing-error window, APR range, cash advance and late fees. Rescore freeze to 1 if the agreement carries no dispute window. open
• Gemini User Agreement: whether exchange-account assets are stated as segregated in the same terms as the custody agreement. Rescore custody to 0 if no segregation statement covers exchange accounts. open
• Whether Gemini pays any interest on USD or stablecoin balances in US accounts. Rescore yield to 2 if a no-lock rate exists, or to 0 if staking is withdrawn for US users. open
• Which US states are excluded from staking. open

See a mistake? Email hi@cryptobanklist.com. Every factual correction is logged on our corrections page.

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