According to a BlockFi representative, “The BlockFi Card has been paused and can’t be used at this time to make purchases.” No new cards are being issued. Clients are advised to continue making their regular statements payments. These payments cannot be made with assets held on the BlockFi platform. ”
The BlockFi Rewards Visa(r), Signature Credit Card earned 1.5% in crypto for all purchases. Additional earnings were available if you spent over $30,000 per annum or used your card at selected merchants. There are around 12 cryptocurrencies you could earn rewards for.
Customers cannot withdraw funds from BlockFi accounts at the moment. BlockFi has requested customers not to make deposits to BlockFi Wallets or Interest accounts. At this time, it’s not clear how long the bankruptcy process might take. BlockFi will direct any questions to Kroll, the claims agent. If you are outside the U.S., email [email protected], or call (888] 773-0375.