Coinbase & American Express Team Up for Bitcoin Rewards Card
Table of Contents
- Coinbase & American Express Team Up for Bitcoin Rewards Card
- Coinbase One Card: Earning Bitcoin Rewards
- Coinbase One Membership: Unlocking Additional Benefits
- Coinbase One Card vs. Gemini Credit Card
- availability and Eligibility
- The Rise of Crypto Rewards Cards
- Frequently Asked Questions About the Coinbase One Card
- How do I sign up for the Coinbase One Card waitlist?
- What factors determine my bitcoin rewards rate?
- Are there any foreign transaction fees associated with the Coinbase One Card?
- What happens to my bitcoin rewards if I cancel my Coinbase One subscription?
- Can I use the Coinbase One Card to purchase cryptocurrency?
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.
| Feature | Coinbase One Card | Gemini credit Card |
|---|---|---|
| rewards | 2-4% Bitcoin | Up to 3% in crypto (various categories) |
| Annual fee | Coinbase One Subscription Required | none |
| Crypto Options | Bitcoin | 50+ cryptocurrencies |
| Availability | U.S. (excluding territories) | U.S. |
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.
The Rise of Crypto Rewards Cards
The introduction of the Coinbase One Card reflects the growing interest in cryptocurrency rewards programs. As digital assets become more mainstream, financial institutions are increasingly offering innovative ways for consumers to earn crypto through everyday spending. According to a 2023 study by Javelin Strategy & Research, crypto rewards cards are particularly appealing to younger, tech-savvy consumers who are already engaged with the digital asset space.
The partnership between Coinbase and American Express is meaningful, as it combines the expertise of a leading cryptocurrency exchange with the established infrastructure and brand recognition of a major financial services provider. This collaboration could pave the way for further integration of crypto rewards into the broader financial ecosystem.
Frequently Asked Questions About the Coinbase One Card
How do I sign up for the Coinbase One Card waitlist?
Visit the Coinbase website and look for the Coinbase One Card page. There, you’ll find an option to sign up for the early-access waitlist.
What factors determine my bitcoin rewards rate?
The amount of assets you hold with Coinbase determines your bitcoin rewards rate.The more assets you hold, the higher your earning rate will be.
Are there any foreign transaction fees associated with the Coinbase One Card?
No, there are no foreign transaction fees associated with the Coinbase One Card.
What happens to my bitcoin rewards if I cancel my Coinbase One subscription?
The terms and conditions regarding bitcoin rewards upon cancellation of a Coinbase one subscription have not yet been released. Check the Coinbase website for updates.
Can I use the Coinbase One Card to purchase cryptocurrency?
While the primary benefit of the card is earning bitcoin rewards on purchases, it is not explicitly stated whether you can use the card to directly purchase cryptocurrency. Check the Coinbase website for updates.
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!