 I got approved for the BlockFi credit card, which allows me to get 1.5% cash back in form of Bitcoin on every single purchase. In this video, I will unbox the credit card and tell you exactly why I'm so excited about it. Hello, my name is Johannes Bottle and I recently started documenting my financial journey on YouTube. If you're new to this channel and you enjoy the content that I'm providing, please help me out with the YouTube algorithm and leave a like. Not yet. Let me earn it. So this is the little box. It's not really a box. It's just like a little piece of paper, which the card comes in. I've seen the credit card on YouTube already, so I know what it looks like. I know what it's supposed to feel like, but let's just figure it out. Let's see what's in here. All right. So we got the first box, empty now, comes in this beautiful little box, and then, oh, this is awesome. Hold on a second. This is really cool. I didn't expect that. Let's do it one more time. Very good. I hope I didn't give away my credit card number. So I'm not going to show you the back of it, but this is what the card looks like. Blockfire credit card. It's heavy. I mean, yeah, it's a black credit card. I can't really say much about it. It feels good. It's heavy, and I'm just excited about it because it's the first credit card that allows you to get cashback in Bitcoin. So this is the card packaging. Very minimalistic. I kind of like it because now I don't have to throw away a lot, and this is honestly really cool. I just love this. Anyways, so let's get started. I just realized that it has a blue edge, and I think it's kind of cool. This credit card allows me to get 3.5% cashback within the first 90 days, limited to $100 in form of Bitcoin. After that, it drops down to 1.5% back in Bitcoin on every single purchase. If I spend more than $50,000 on this card within one year, every dollar that I spend over $50,000 will get 2% cashback in Bitcoin again. To be honest, I've never spent $50,000 on a single card, and I don't think this will be very relevant for me personally. But who knows? Maybe I'll get an early birthday gift for myself. A black Rolex Rainbow Daytona, and then I'll get $600 back in Bitcoin, and then I still have to spend $12,000 on the card to receive 2%. So 1.5% cashback is not bad, but it's also not overwhelmingly high. Like if I compare it to my first credit card, the Discover credit card that already gives me 2%, why am I so excited about 1.5%. The reason I don't mind a 0.5% lower cashback is because I truly believe in Bitcoin long-term. I own Bitcoin, I get interest payments on my Bitcoin, I dollar-cost average into Bitcoin, and now every time I spend money on anything, I know that 1.5% will come back to me in form of Bitcoin. And to top it off, I also get 4% interest a year on the cashback that I already got. Let's talk numbers real quick to make it a little bit juicier. Let's just say my credit line is $10,000, and I only use 10% of it because I want to increase my credit score. So I want to lower my usage to 10%, which means I would spend $1,000 on this card. 1.5% of the $1,000 which will come back to me in form of Bitcoin deposited into my savings account within BlockFi, and then it will start generating interest, 4% interest per year. You are like me, and you never use or almost never use your cashback anyways. This can grow into like a big savings account. I'm talking 5 to 10 years because I truly believe that Bitcoin is still in its baby shoes, like we're not even scratching the surface yet. I know that's very debatable, but that's just my point of view which is why I'm so excited about this credit card. By the way, right now would be a great time to like this video. Like right now, right here. Perfect. Another great thing about the credit card is that it's absolutely free. No annual fee, no foreign transaction fees, nothing at all. That is one important factor for me because every single credit card that I own is free of charge because I only use credit cards to basically obey the rules and increase my credit score, which then allows me to get better rates for mortgages. According to the BlockFi website, you will need a good or excellent credit score to get approved for the card. If you want to apply now and get on the wait list early, there's a link in the description below. In one of my previous videos, I talked about all the mistakes I made when I first came to the US and started, you know, learning everything about the credit score and how to use credit cards to achieve a better score. In that specific video, I talked about getting another credit card to lower my usage per card, which then increases my score. This specific card was not on the list, but I'm happy that I finally got it. And now it will make my journey even easier because now I have five credit cards and I can use only 10% on each card, which therefore will hopefully help me boost my credit score. The only thing that's holding me back right now to achieve an 800 score is just my credit history. Basically, now I just have to wait and be patient and just build that credit history. The only risk or downside that you have with this credit card is if Bitcoin has absolutely no value in the near future, because then all your cash back is worth nothing. I personally don't think this will happen. Like I said, I believe cryptocurrency is the future, but that's my humble opinion. Doesn't mean that I'm right or wrong. It is just what I believe in. Anyways, to sum up this video, I'm really excited about this card. It looks cool. It allows me to get Bitcoin on a daily basis. I will only use probably 10 to 15% of the credit line that I have just to increase my credit score because I'm looking for some real estate. Right now is a horrible time by the way, but that's a different video. So the fact that I can use the card and know every time I make a purchase 1.5% will end up in Bitcoin, which then ends up in my saving account, which then pays me 4% interest. It's just very exciting and like fantastic for me personally. If you have any cryptocurrency laying around that's not generating any interest for you at the moment, check out BlockFi.com slash Johannes. You can get up to $250 worth in Bitcoin when you sign up. Alright guys, that's it for this video. Have a wonderful day.