Square to offer 3% Bitcoin rewards for credit card holders

Square Credit Card holders will soon be able to earn 3% back in Bitcoin on their purchases. That is the latest move from Block Inc., the parent company of Square, which keeps finding new places to put Bitcoin. Reports of the announcement surfaced on October 13, 2026, with outlets including Bitcoin Magazine covering the news. What Block is rolling out The core change is simple. Instead of only taking rewards as dollars, Square Credit Card users will reportedly be able to receive 3% cash back paid in Bitcoin. Block has not yet published the full terms. Eligibility rules, timing and the exact mechanics of how the Bitcoin gets delivered are still to come. The card itself just went through a makeover. In August 2026, Square redesigned the product to offer unlimited 3% cash back on Square Bill Pay transactions and 1.5% back on everything else. Under that structure, cardholders can redeem rewards in a few ways. Options include cash deposits, statement credits, or fee-free processing, and the card runs on the American Express network. Part of a bigger Bitcoin playbook This is not Block’s first attempt to wire Bitcoin into Square’s merchant ecosystem. Throughout 2025 and 2026, the company, ...