Credit Cards That Let You Invest Your Rewards: A Smarter Way to Build Wealth?
Credit card rewards are no longer limited to cash back, travel bookings, or gift cards. A growing number of credit cards now allow you to turn everyday spending into long-term savings by investing your rewards. These cards can help you funnel cash back into retirement accounts, college savings plans, brokerage accounts, or even cryptocurrency.
While investing rewards can be a useful financial boost, it’s important to understand one thing upfront: reward-based investing should complement — not replace — a disciplined investment strategy. Market risk, platform limitations, and redemption rules still apply.
If used wisely, however, credit cards that let you invest rewards can help you stay consistent with your savings goals without changing your daily spending habits.
Read More:
How Credit Cards With Investment Rewards Work
Most rewards credit cards let you redeem points or cash back for statement credits or travel. Investment-focused cards add another option: redirecting rewards into investment accounts such as:
- Retirement accounts (IRA, Roth IRA, SEP IRA)
- College savings plans (529 plans)
- Brokerage or robo-advisory accounts
- Cryptocurrency wallets
Instead of spending rewards, you’re effectively automating micro-investments using money you’ve already earned.
Read More:
Important Considerations Before Investing Rewards
Before choosing one of these cards, keep these factors in mind:
- Limited flexibility: Most cards restrict investments to accounts within a specific financial institution.
- Market risk: Investments — especially crypto — can lose value.
- Minimum redemption thresholds: Some cards require a minimum balance before investing rewards.
- Not a substitute for saving: Rewards alone won’t build wealth without consistent contributions.
When used responsibly, these cards work best as a supplemental savings tool.
Read More:
Best Credit Cards That Let You Invest Rewards
Bank of America® Credit Cards (Customized Cash & Others)
Best for: College savings and existing Merrill customers
Bank of America offers several cash-back credit cards that allow you to deposit rewards directly into a qualifying Merrill 529 college savings plan. This option is ideal for families planning ahead for education costs.
Cardholders enrolled in Bank of America Preferred Rewards may qualify for a rewards boost of up to 75%, depending on their combined balances with Merrill.
Key highlights:
- Investment redemption into 529 plans
- Minimum $25 redemption requirement
- Rewards boosts for high-balance customers
Fidelity® Rewards Visa Signature® Card
Best for: Retirement and long-term investors
This card offers unlimited 2% cash back on all purchases, with the ability to deposit rewards into a wide range of Fidelity investment accounts. Eligible options include traditional IRAs, Roth IRAs, HSAs, and 529 plans.
High-net-worth customers enrolled in Fidelity Rewards+ can earn up to 3% cash back.
Key highlights:
- Flat-rate rewards
- Multiple investment account options
- No annual fee
Fisher-Price College Savings Mastercard
Best for: Parents saving for college
Designed with education savings in mind, this card offers higher rewards when cash back is deposited into a 529 plan. It’s a straightforward option for families who want to automate college savings through everyday spending.
Key highlights:
- Higher rewards for 529 deposits
- Simple redemption process
- No annual fee
Gemini Credit Card®
Best for: Cryptocurrency enthusiasts
The Gemini Credit Card allows you to earn rewards directly in cryptocurrency, including Bitcoin and dozens of altcoins. Unlike most cards, rewards can be deposited automatically as transactions post, helping users dollar-cost average into crypto.
Because crypto markets are volatile, this card is best for those comfortable with higher risk.
Key highlights:
- Crypto rewards instead of cash back
- Automatic reward deposits
- Strong bonus categories
Neon Money Club Cream American Express Card
Best for: ETF-focused investors
This premium card converts points into investments in eligible exchange-traded funds (ETFs). What sets it apart is a unique reward-matching feature, effectively doubling your investment rewards under certain conditions.
Key highlights:
- Points invested in ETFs
- Rewards matching program
- Annual fee required
Robinhood Gold Card
Best for: Active traders using Robinhood
This card offers high cash-back rates and allows rewards to be deposited into a Robinhood brokerage account. A Robinhood Gold subscription is required, making this card best suited for users already active on the platform.
Key highlights:
- High rewards on travel
- Direct brokerage deposits
- Subscription required
SoFi Unlimited 2% Credit Card
Best for: Hands-off investing
SoFi’s credit card lets you redeem rewards directly into a SoFi Invest account, making it easy to grow investments automatically. There’s no redemption minimum, which adds flexibility.
Key highlights:
- Flat 2% rewards
- No annual fee
- Seamless SoFi ecosystem integration
Upromise® Mastercard®
Best for: Automatic college savings
This card is built around automated 529 plan deposits, making it a “set it and forget it” option for education savings. Rewards are automatically transferred, reducing the temptation to spend them elsewhere.
Key highlights:
- Automatic reward investing
- Education-focused savings
- No annual fee
Venmo Credit Card (Cash Back to Crypto Feature)
Best for: Casual crypto exposure
Venmo users can opt to automatically convert cash back into select cryptocurrencies. While flexible, this feature is best used cautiously due to crypto price volatility.
Key highlights:
- Category-based cash back
- Optional crypto conversion
- Low barrier to entry
Are Investment Reward Credit Cards Worth It?
Yes — but with realistic expectations.
These cards are most effective if you:
- Already invest regularly
- Want to automate small contributions
- Prefer convenience over manual investing
They are not ideal if you rely on rewards as your primary savings strategy or if you’re uncomfortable with market risk.
Read More:
FAQs: Credit Cards That Let You Invest Rewards
Can credit card rewards replace investing?
No. Rewards should supplement — not replace — consistent investing and saving.
Are crypto reward cards risky?
Yes. Cryptocurrency is highly volatile, and rewards can lose value quickly.
Do investment redemptions have minimums?
Some cards require a minimum reward balance before investing.
Are these cards good for beginners?
Yes, especially cards that invest into diversified funds or retirement accounts.
Final Thoughts
Credit cards that let you invest rewards can transform everyday spending into meaningful progress toward long-term goals. Whether you’re saving for retirement, college, or experimenting with crypto, the key is intentional use.
When paired with smart budgeting and consistent investing, these cards can quietly work in the background — helping you build wealth one purchase at a time.
Read More:
