Gemini’s Solana Credit Card: 4% SOL Back & 6.77% Yield
Gemini launched its Solana credit card on October 20, offering cardholders up to 4% SOL back on everyday purchases. The card runs on the Mastercard network and features no annual fee, no foreign transaction fees and no crypto reward redemption charges. Unique to this Solana credit card is an auto-staking option that delivers up to 6.77% annual yield on SOL rewards, enabling passive income. Gemini has expanded its Solana institutional staking services earlier this year, partnering with DeFi Dev Corp and Purpose Investments to manage over 2 million SOL. Cardholder growth has surged from 8,000 in early 2024 to nearly 31,000 by August 2025, underscoring strong demand for crypto rewards cards. Solana remains one of the fastest-growing blockchain ecosystems, with SOL trading at around $186.13 despite a 36.3% decline from its January peak. To celebrate the new card, Gemini and Solana will host a 48-hour livestream from their New York headquarters starting October 21. The launch follows Gemini’s Nasdaq IPO earlier this year, which raised $425 million.
Bullish
The launch of the Solana credit card with up to 4% SOL back and a 6.77% auto-staking yield is likely to drive increased demand for SOL. In the short term, traders may buy SOL to maximize rewards, supporting a price uptick. Over the long term, the card’s growth—from 8,000 to nearly 31,000 users—demonstrates sustained adoption of Solana and crypto rewards, while institutional staking partnerships add network credibility. Together, these factors point to a bullish outlook for SOL.