Re: BlockFi Preapproval

DaWhole9 · ‎04-14-2022

Not sure if I will take it, but I have a BlockFi Preapproval SL of $9,000 and interest rate of 17%. I have a TU of 802 EQ 813. UTIL is under 1%. 3 HPs. 2 new cards in the last 3 months. 8 cards total.

FinStar · ‎04-14-2022

Since you have not accepted the offer, it's not an approval and therefore placed in the appropriate forum area.

If on the fence, what would you use this card for? Are you looking to maximize your Crypto rewards/position?

Hoben02 · ‎04-15-2022

Well right now you want to take advantage of the max rewards you can get in the first 90 days at 3.5% in my case it was close to 5k in spend.

Chase (CSP,CF,CFU,southwest premier)
Barclay(jetblue, arrival)
Bofa(US pride, premium, travel, cash, Suzy komen)
Citi(Premier, Double cash, Costco)
Fnbo(Mlife)
Amex(everyday, cash, Hilton)
Blockfi
Caesars rewards
Sofi
Gemini
Cap One Savor One

MrT_521 · ‎04-15-2022

@Hoben02 wrote:
Well right now you want to take advantage of the max rewards you can get in the first 90 days at 3.5% in my case it was close to 5k in spend.

The BlockFi card's SUB is just this. It is an extra $100 for $5k spend, which is 2%. I got this card in August 2021. I maxed out the extra 2% rewards to maximize the SUB. I had intended to use it as a catch all daily driver, but with BlockFi's recent changes to their interest accounts, I quit. I might use it again (as a catch all) if they get their regulatory issues resolved and resume normal operations.

Personal Cards