Coinbase is shaking up the crypto world again. This fall, it will launch the Coinbase One Card, a credit card that offers up to 4% Bitcoin cashback on purchases. The card is issued in partnership with American Express and is exclusive to U.S.-based Coinbase One subscribers.
#1
- 2% to 4% Bitcoin rewards on every purchase, deposited directly into your Coinbase wallet.
- Boosted rewards on USDC stablecoin holdings.
- Higher staking rewards on Ethereum (ETH) and Solana (SOL).
- $10 monthly gas credits on Base, Coinbase’s Ethereum layer-2 network.
- No foreign transaction fees, travel protections, and exclusive Amex perks.
The card is designed to blend crypto rewards with premium credit card benefits, making it attractive to both crypto enthusiasts and everyday spenders.
What’s the Coinbase One Card?
The Coinbase One Card is a sleek, metal credit card engraved with Bitcoin’s Genesis block—a nod to crypto history. It offers:- 2% to 4% Bitcoin rewards on every purchase, deposited directly into your Coinbase wallet.
- Boosted rewards on USDC stablecoin holdings.
- Higher staking rewards on Ethereum (ETH) and Solana (SOL).
- $10 monthly gas credits on Base, Coinbase’s Ethereum layer-2 network.
- No foreign transaction fees, travel protections, and exclusive Amex perks.
The card is designed to blend crypto rewards with premium credit card benefits, making it attractive to both crypto enthusiasts and everyday spenders.
#2
The card ties rewards to your Coinbase holdings—the more crypto you keep on the platform, the higher your cashback rate. This strategy strengthens user loyalty and nudges customers to deepen their relationship with Coinbase’s ecosystem.
Why This Matters
This launch marks Coinbase’s first credit card, moving beyond its earlier Visa debit card. It’s a bold step toward making cryptocurrency part of daily spending habits. By rewarding users in Bitcoin, Coinbase encourages holding and using crypto rather than just trading it.The card ties rewards to your Coinbase holdings—the more crypto you keep on the platform, the higher your cashback rate. This strategy strengthens user loyalty and nudges customers to deepen their relationship with Coinbase’s ecosystem.
#3
Rewards are automatically sent to your Coinbase wallet, but experts advise transferring them to a personal wallet for safety. Applying for the card triggers a hard credit check, which may slightly lower your credit score.
How Does It Work?
To qualify, you must be a Coinbase One subscriber, which costs $29.99/month (or $4.99/month for a basic tier with fewer perks). The card’s rewards range from 2% to 4% Bitcoin cashback, depending on your Coinbase asset balance.Rewards are automatically sent to your Coinbase wallet, but experts advise transferring them to a personal wallet for safety. Applying for the card triggers a hard credit check, which may slightly lower your credit score.
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American Express has experience here too, having issued a crypto rewards card with Abra in 2022. The Coinbase One Card benefits from Amex’s vast network and premium service reputation.
The Bigger Picture: Crypto Cards Are Trending
Coinbase isn’t alone in this space. Other crypto platforms like MetaMask have launched debit cards, and Mastercard recently announced partnerships with exchanges OKX and Kraken to roll out crypto-linked cards.American Express has experience here too, having issued a crypto rewards card with Abra in 2022. The Coinbase One Card benefits from Amex’s vast network and premium service reputation.
#5
Coinbase is working with the Commodity Futures Trading Commission (CFTC) to bring these “perpetual-style futures contracts” stateside, which could open new trading opportunities for American investors.
What’s Next for Coinbase?
At Coinbase’s recent State of Crypto Summit in New York, the company hinted at plans to expand perpetual futures trading to U.S. users. Currently, this feature is only available to non-U.S. customers on Coinbase Advanced.Coinbase is working with the Commodity Futures Trading Commission (CFTC) to bring these “perpetual-style futures contracts” stateside, which could open new trading opportunities for American investors.
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- Up to 4% Bitcoin cashback
- Amex’s travel perks and protections
- Boosted crypto staking rewards
- No foreign transaction fees
- Sleek metal card design
Cons
- Requires Coinbase One subscription
- Rewards tied to exchange holdings
- U.S. users only
- Credit check may impact score
- otential debt risk if overspending
Pros and Cons of the Coinbase One Card
Pros- Up to 4% Bitcoin cashback
- Amex’s travel perks and protections
- Boosted crypto staking rewards
- No foreign transaction fees
- Sleek metal card design
Cons
- Requires Coinbase One subscription
- Rewards tied to exchange holdings
- U.S. users only
- Credit check may impact score
- otential debt risk if overspending
#7
However, some crypto purists worry about promoting credit card debt, which they see as contradictory to Bitcoin’s ethos of financial freedom. Still, for active traders and crypto enthusiasts, the card offers a compelling way to earn Bitcoin while spending.
What Users Are Saying
The card’s metal design and Bitcoin engraving have been praised as a stylish statement for crypto fans. Coinbase CEO Brian Armstrong shared the design on social media, highlighting the card’s perks.However, some crypto purists worry about promoting credit card debt, which they see as contradictory to Bitcoin’s ethos of financial freedom. Still, for active traders and crypto enthusiasts, the card offers a compelling way to earn Bitcoin while spending.
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With over a million Coinbase One subscribers already, this product could accelerate crypto adoption and reshape how people think about spending and earning digital assets.
Why This Could Change Crypto Spending
The Coinbase One Card is more than just a credit card—it’s a bridge between traditional finance and crypto. By rewarding users in Bitcoin and integrating with Coinbase’s ecosystem, the card encourages more people to use crypto in everyday life.With over a million Coinbase One subscribers already, this product could accelerate crypto adoption and reshape how people think about spending and earning digital assets.
#9
Cardholders enjoy Amex perks, boosted staking rewards, and no foreign fees.
Exclusive to Coinbase One subscribers, with a monthly subscription fee.
Coinbase plans to expand futures trading and possibly multi-crypto rewards.
The card blends crypto rewards with traditional credit card benefits, aiming to boost crypto adoption.
Key Takeaways
Coinbase One Card offers up to 4% Bitcoin cashback, launching fall 2025.Cardholders enjoy Amex perks, boosted staking rewards, and no foreign fees.
Exclusive to Coinbase One subscribers, with a monthly subscription fee.
Coinbase plans to expand futures trading and possibly multi-crypto rewards.
The card blends crypto rewards with traditional credit card benefits, aiming to boost crypto adoption.
