Coinbase & American Express Team Up for Bitcoin Rewards Card

In a move poised to shake up the crypto rewards landscape, Coinbase has announced the upcoming launch of its Coinbase One Card in fall 2025, thanks to a partnership with American Express. The card, issued by First Electronic Bank and running on the American Express network, will offer users the possibility to earn up to 4% bitcoin back on every purchase, depending on their Coinbase asset holdings.

Coinbase One Card: Earning Bitcoin Rewards

The Coinbase One Card aims to provide a compelling alternative in the crypto credit card market. While it’s too early to definitively say if it surpasses existing options like the Gemini Credit Card, the potential for a higher, flat-rate bitcoin reward is attractive. The card’s rewards structure is tiered, offering between 2% and 4% bitcoin back based on the user’s Coinbase holdings.

Did You Know? Bitcoin’s price volatility can impact the actual value of rewards earned. Always consider the risks associated with cryptocurrency investments.

Key Features of the Coinbase One Card:

• Launches in fall 2025; sign up for the early-access waitlist on the Coinbase website.
• Earn 2% to 4% bitcoin back on purchases, with higher rates for larger Coinbase asset holders.
• Requires a Coinbase One subscription, starting at $49.99 per year.
• Available only in the U.S. (excluding U.S. territories).

Coinbase One Membership: Unlocking Additional Benefits

Access to the coinbase One Card requires a Coinbase One subscription. While specific details are still emerging, Coinbase has indicated that annual memberships will soon be available to all customers, starting at $49.99 per year. This subscription unlocks a range of benefits beyond card eligibility.

Coinbase One Benefits:

• $0 trading fees on the first $500 per month in trades (a spread applies).
• 4.5% APY on USDC rewards (on the first $10,000, then 4.1%).
• 5% more staking rewards on ETH,SOL,and other eligible assets.
• $120 ($10 per month) in transaction credits on Base.

American Express Benefits:

Cardholders will also enjoy a suite of American Express benefits, adding further value to the Coinbase One Card.

• Access to Amex Offers and Amex Experiences.
• Car rental loss damage.
• Emergency assistance.
• Extended warranty.
• Lost luggage insurance.
• Retail protection.
• Return protection.
• Roadside assistance.
• Trip cancellation and trip interruption.

Coinbase One Card vs. Gemini Credit Card

For those prioritizing bitcoin rewards,the Coinbase One Card appears to offer a more straightforward approach with its flat-rate structure. The Gemini Credit Card, while offering rewards in over 50 cryptocurrencies, has a more complex rewards system with bonus categories and spending limits. According to a recent report by NerdWallet, flat-rate rewards cards are increasingly popular due to their simplicity.

pro Tip: Compare the potential bitcoin rewards with the annual cost of the Coinbase One subscription to determine if the card is a good fit for your spending habits.

availability and Eligibility

The Coinbase One Card is exclusively available to coinbase One members in the U.S. (excluding U.S.territories). Coinbase One offers different subscription tiers, with varying benefits such as zero trading fees on simple trades up to a certain dollar amount per month.

Currently, coinbase One Basic costs $29.99 per month or $299.88 per year, while Coinbase One Premium costs $299.99 per month. Payment options include linked bank accounts, debit cards, PayPal, fiat wallets, or crypto.

Disclaimer: This article provides information for general knowledge and informational purposes only, and dose not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.

What are your thoughts on the Coinbase One Card? Will you be signing up for the waitlist? Share your opinions in the comments below!