Coinbase, in partnership with American Express, is launching a groundbreaking Bitcoin rewards credit card called the Coinbase One Card. Slated for release in the United States in the fall of 2025, this innovative product is designed exclusively for subscribers of the Coinbase One membership program. This move represents a significant step in bridging the gap between everyday financial transactions and the digital asset ecosystem.
The card offers a compelling rewards structure, allowing users to earn between 2% and 4% back in Bitcoin on their daily purchases. The exact reward rate is tied to the user's asset balance on the Coinbase platform, creating a tiered incentive system that encourages higher engagement and asset retention. This approach not only benefits active users but also strengthens Coinbase's position as a comprehensive financial services provider in the crypto space.
Operating on the American Express network, the card combines the allure of cryptocurrency earnings with the established benefits of a premium credit card. Cardholders will have access to a suite of traditional protections and perks, including retail purchase protection, extended warranties, travel cancellation insurance, roadside assistance, and exclusive access to Amex offers and events. This blend of features is crafted to appeal to both crypto enthusiasts and mainstream consumers looking for added value from their financial products.
Expanded Subscription Tiers and Benefits
The launch of the card coincides with an expansion of the Coinbase One subscription service. A new base tier has been introduced, priced at $4.99 per month or $49.99 annually, making the platform's advanced features more accessible. Subscribers who obtain the card receive it with no additional fee and gain access to a host of other benefits, such as:
- Up to $500 in monthly fee-free trading on Coinbase.
- Enhanced annual percentage yield (APY) for holding USDC stablecoin.
- Staking rewards for supported assets.
- Improved security protections against unauthorized account access.
This integrated model provides a seamless experience for users looking to consolidate their crypto and traditional financial activities.
A Design with Historical Significance
The physical Coinbase One Card itself is a statement piece, featuring a unique metal design. It is engraved with text from the Bitcoin genesis block—the very first block ever mined on the Bitcoin blockchain. This design choice pays homage to the origins of cryptocurrency and is likely to resonate deeply with users who value the cultural and historical significance of Bitcoin's creation.
Behind the Scenes: Technology and Banking Partners
The card is issued by Cardless, a financial technology company specializing in embedded credit card solutions. Cardless's platform enables the seamless integration of the credit card directly within the Coinbase app, ensuring a unified and intuitive user experience. The underwriting for the card, including credit assessment and compliance with regulatory standards, is handled by First Electronic Bank.
Interested U.S. residents who are 18 years or older and are Coinbase One subscribers can now join a waitlist for the card. It is important to note that the initial launch will not be available to residents of U.S. territories, though future expansion remains a possibility. The full program terms, eligibility requirements, and a detailed breakdown of all benefits are expected to be released later this year, closer to the official launch.
👉 Explore more crypto reward strategies
Frequently Asked Questions
What is the Coinbase One Card?
The Coinbase One Card is a metal credit card, issued in partnership with American Express, that earns users between 2% and 4% back in Bitcoin on their purchases. The reward rate is based on the user's asset balance held on the Coinbase exchange.
Who is eligible to apply for the card?
The card will be available exclusively to paid subscribers of the Coinbase One membership program who are at least 18 years old and residents of the United States. It will not be initially available to those living in U.S. territories.
What are the main benefits of having this card?
Key benefits include earning Bitcoin rewards on all purchases, enjoying American Express network benefits like purchase protection and insurance, and receiving subscriber perks like fee-free trading and enhanced security on the Coinbase platform.
Is there an annual fee for the Coinbase One Card?
There is no separate annual fee for the card itself. However, you must be a paying subscriber to the Coinbase One service, which has a monthly or annual cost, to be eligible to receive and use the card.
How do the Bitcoin rewards work?
Rewards are earned as a percentage of your spending and are paid out in Bitcoin. The exact percentage you earn (2%, 3%, or 4%) is determined by the total value of assets you hold in your Coinbase account.
When will the card be available?
The current planned launch date for the Coinbase One Card is fall of 2025 in the United States. Prospective users can join a waitlist through their Coinbase account to receive updates.
👉 Get advanced methods for earning crypto
The introduction of the Coinbase One Card is a notable milestone in the evolution of financial products, effectively merging the traditional credit system with the innovative potential of digital assets. It offers a tangible way for everyday consumers to integrate cryptocurrency into their spending habits while being rewarded for their participation in the growing digital economy.