Square’s Bitcoin rewards could give cardholders 3% back in Bitcoin on purchases

Square’s Bitcoin rewards follow the card’s redesign

The new option would pay purchase rewards in Bitcoin at a reported 3% rate. The Square Credit Card operates on the American Express network and already offers cash-back rewards under its redesigned structure.

Since August 2026, cardholders have been able to earn unlimited 3% cash back through Square Bill Pay, while other purchases earn 1.5%. Existing redemption choices include cash deposits, credits against card statements and payment processing without fees.

The report frames Bitcoin payouts as a way for Block to distinguish the card and let small business owners accumulate Bitcoin through ordinary expenses, including vendor bills.

Block links merchant tools with consumer incentives

Block’s Bitcoin integration extends beyond credit card rewards to merchant acceptance, sales conversion and Cash App spending. The company, led by co-founder Jack Dorsey, introduced Bitcoin features throughout 2025 and 2026.

Its rollout of acceptance tools began in late 2025, reaching millions of merchants. Bitcoin payments carry zero fees through 2026, and merchants can automatically convert some of their card-sales proceeds into Bitcoin.

Cash App also offers users 5% back in Bitcoin when they buy from Square merchants. That separate promotion limits rewards to $30 per month and runs until December 31, 2026.