Crypto exchange Gemini introduced a new version of its credit card that offers up to 4% cashback in SOL tokens on purchases, with rewards automatically sent for staking.
Gemini announced the launch of the Gemini Credit Card for users of the Solana ecosystem. Cardholders of the Solana Edition can take part in the crypto rewards program and automatically stake their earned assets.
According to the program’s terms, users can earn SOL cashback on everyday spending, including:
- 4% on fuel, EV charging, and rideshare services;
- 3% at restaurants;
- 2% on groceries;
- 1% on all other purchases.
Gemini is also partnering with select retailers to offer up to 10% cashback on specific product categories. The above cashback rates apply until total monthly rewards reach $300. After hitting that limit, all further purchases within the same month earn 1% cashback. The cashback cycle resets on the first day of each calendar month.
The Solana Edition card automatically stakes earned SOL rewards, offering an annual yield of up to 6.77% APY.
The Gemini Credit Card charges no annual fees, no crypto rewards fees, and no foreign transaction fees. Cardholders will also enjoy discounts on Peacock Premium, Instacart, Lyft, and more through the Mastercard World Elite program.
The release of the Solana Edition marks a strategic move for Gemini amid the growing popularity of the Solana ecosystem. In 2024, Solana participants earned over $32 million in staking rewards. According to CoinGecko, the price of SOL has risen by 8.9% over the past year, fueled by increasing institutional adoption and asset tokenization on the network, which surpassed $418 million in mid-2025.
