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Are card rewards like the ones you get from the Gemini visa or the Fold debit card taxed?

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by COINS NEWS 92 Views

I’m thinking of applying to get either the Gemini Visa Credit Card or the Fold Debit Card. I might go for the Fold so that I can also use it to directly buy crypto since most if not all credit card companies don’t let you buy crypto or the fees are high since it’s counted as a cash advance. I was wondering if the crypto rewards you get from things they offer like “2% back from gas purchases” are taxable. I’m not talking about crypto from staking, just the crypto from those cash back type rewards.

submitted by /u/SBones83
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