Paying Your Credit Card Bill with Bitcoin [Full Guide] | BitPay (2024)

With interest rates through the roof, carrying a balance on your credit cards has gotten painfully expensive. Instead of letting your credit card bills creep up month after month as interest accumulates, it’s always preferable to pay your balance in full. Fortunately, BitPay Bill Pay provides the flexibility to quickly and easily pay your credit card bills, whether you’re paying the whole thing off or making regular monthly payments. Read on for a quick primer for getting started.

How to pay credit card bills with crypto

Paying credit card bills with crypto is fast and simple, and you can get started by following a few simple steps.

Step 1: Get the BitPay app and set up your wallet

Download the free app for Android and iOS devices. The BitPay Wallet is self-custody, meaning that you, and only you, control your funds. Easily create a wallet to pay your credit card bills or import wallets/keys created in other popular self-custody wallet applications like Metamask, Exodus Trust Wallet and Coinbase Wallet. Alternatively, you can make credit card payments from your browser on the BitPay website. Just log into your BitPay account and navigate to the Bill Pay tab from within the personal dashboard.

Step 2: Connect your accounts

In the BitPay app, tap the “Pay” tab and then “Pay Bills”. If you are a new BitPay user, you’ll be prompted to provide basic KYC information. Your information is used to connect your credit card accounts to your crypto wallet.

Step 3: Pay your credit cards with your favorite cryptocurrency

Once your credit card accounts are connected, card issuer, due date, balance and more details are displayed in the app. Select your credit card, tap “Pay Bill” and enter the amount you’d like to pay. Then choose your preferred cryptocurrency and confirm the payment. It is that easy.

Get Started

Which credit card providers can I pay with crypto?

Many consumers are loyal to one credit card brand or another because of the perks they offer. No matter what credit card you use as your daily driver, BitPay Bill Pay is compatible with virtually any provider, including American Express, Visa, Discover, Capital One, Chase, Barclays and many more.

Which cryptocurrencies can I use to pay off my credit cards?

BitPay Bill Pay enables all sorts of businesses and lenders, including credit card companies, to accept direct crypto payments using any token or coin BitPay supports, including Bitcoin (BTC), Bitcoin on the Lightning Network, Ethereum (ETH), Bitcoin Cash (BCH), Dogecoin (DOGE), Shiba Inu (SHIB), Litecoin (LTC), Polygon (MATIC), XRP (XRP), Dai (DAI), Wrapped Bitcoin (WBTC), Gemini USD (GUSD), USD Coin (USDC), PayPal USD (PYUSD), Binance USD (BUSD), ApeCoin (APE) and Euro Coin (EUROC). We’re also continually evaluating other coins and tokens for inclusion in this list, so check back often if you don’t see your favorite crypto as an option currently.

Which wallets can I use to pay my credit cards?

You can make student loan payments right from the BitPay App, or online through the BitPay website if you prefer to bring your own crypto wallet.

Because the BitPay App provides a self-custody wallet, any other self-custody wallets you’ve created through alternate wallet providers can easily be imported into the BitPay App using your 12- or 24-word seed phrase. You can make student loan payments from the crypto assets contained in any of your imported wallets.

You can also pay student loans through the BitPay website, which is compatible with more than 100 of the most popular and trusted crypto wallets. All you need to do is sign up and connect to your lender. You’ll receive a custom invoice that can be paid using your wallet of choice.

What other bills can I pay for using crypto?

BitPay Bill Pay has revolutionized and simplified crypto payments, giving you many options to pay a wide variety of bills using your cryptocurrency of choice. Not only can you use it to pay your credit cards, you can leverage BitPay Bill Pay to make payments on all types of bills - auto loan payments, pay your mortgage, personal loans and more from more than 5,000 of the biggest lenders and service providers.

Mortgage payments

Ditch the bank and lender dashboards and simplify your life by making your monthly mortgage payments with crypto. With BitPay Bill Pay, you can pay your home loan with your favorite cryptocurrency through major banks like Wells Fargo, Chase, Quicken Loans, Bank of America, CitiMortgage and many others. See more about paying your mortgage crypto.

Car payments

You can also use BitPay Bill Pay to make monthly car payments no matter who your lender is. Bill Pay supports crypto payments to Capital One Auto Finance, Wells Fargo Auto, Toyota Financial Services, Ford Credit and many more. You can even buy a car with crypto if the urge to buy that Lambo outright has gotten too strong to resist. BitPay partners with some of the country’s biggest and most trusted car dealerships, letting you pay for a car in full with crypto. See our guide to paying auto loans with crypto.

Student loans

If you took out student loans for school, spent your lecture periods trading or buying low, and now want to put those profits to use, you’re in luck. Pay off student loans handled by Navient, Sallie Mae, Discover Student Loans, FedLoan Service and many other student loan providers. See more about paying student loans with crypto. Read our guide to paying off student loans with crypto.

Personal loans

You can even repay personal loans with BitPay Bill Pay, which facilitates payments to major lenders including SoFi, Marcus by Goldman Sachs, Avant, Upstart, LendingClub and many others.

Other ways to spend crypto

Nobody likes paying bills, but you don’t have much of a choice if you want to keep a roof over your head or your car on the road. But sometimes you just want to buy yourself or someone you care about something fun. BitPay makes it easy to spend crypto on practically anything your heart desires.

Spend direct with BitPay merchants

BitPay partners with hundreds of top merchants and retailers for direct crypto payments, including popular brands like AMC Theaters, Ralph Lauren, Newegg, Jomashop and more. It’s incredibly easy to get started. Consult our searchable Merchant Directory and find your favorite store or brand, then follow the instructions provided on each page.

Spend using the BitPay Card

The BitPay Card lets you spend crypto on the go, either through the BitPay App or with a physical card in your wallet. It’s accepted by millions of merchants around the world, anywhere Mastercard is accepted. BitPay Card holders also enjoy benefits like cash-back rewards and low- or no-fee ATM withdrawals around the globe. Getting one of your own is free, and takes just a few minutes.

Gift cards

Maybe your favorite retailer doesn’t accept direct crypto payments yet. No problem. BitPay lets you use the cryptocurrency of your choice to purchase gift cards from a huge variety of major brands including Uber, Walmart, Hotels.com and more.

Different ways to use the BitPay Wallet app

Buy crypto at low rates

Shopping around for the best possible rates when purchasing crypto is always a good idea, but doing it every time you buy can be stressful and time-consuming. BitPay does the heavy lifting for you, leveraging our extensive partnership network to ensure you always get the best available price. Our “Best Offer” feature can be accessed through our website or directly from the BitPay Wallet app. With a click or tap, you’ll be presented with multiple offers, no hidden fees, no excessive markups. Just pick whichever offer suits you best and you’ll be automatically taken to one of our trusted partner sites to complete the transaction.

Store with self-custody

The BitPay Wallet is self-custody, meaning nobody but you will ever be able to access your private keys or the crypto-assets they help protect. For crypto users who prioritize wallet security, self-custody is the preferred solution.

Spend

Whether you’re making direct crypto payments for merchandise at your favorite retailer, paying your credit card bills or other monthly expenses or buying gift cards with crypto, the BitPay Wallet does it all. Even if you aren’t a BitPay Wallet user you can still make crypto buys and have them sent to any self-custody wallet through the BitPay website.

Swap

If you want to participate in a blockchain project or become a member of a crypto community, you’ll most likely have to acquire some of the ecosystem’s native crypto token. For example, if you want access to passive income earning possibilities available through the decentralized finance (DeFi) ecosystem, you’ll need some Ethereum or another compatible cryptocurrency. Maybe you're interested in joining a more niche community powered by a smaller, lesser-known crypto token. Once upon a time this required multiple steps. First you’d have to exchange fiat for a big-name coin like Bitcoin, then exchange that for the smaller token. But within the BitPay app, you can instantly exchange almost any cryptocurrency for any other, with hundreds of swapping pairs available.