Update 9/2/25: Tiers are as follows (AOC = assets on coinbase). Card is also now available for applicants:
- Tier 1 – 2.0% of Eligible Purchases, if AOC is under $10,000;
- Tier 2 – 2.5% of Eligible Purchases, if AOC is between $10,000 and $49,999.99 (the 2.5% Rewards Rate applies to the first $10,000 in Eligible Purchases per calendar month, with a 2.0% Rewards Rate for all Eligible Purchases in excess of $10,000 per month);
- Tier 3 – 3.0% of Eligible Purchases, if AOC is between $50,000 and $199,999.99 (the 3.0% Rewards Rate applies to the first $10,000 in Eligible Purchases per calendar month, with a 2.0% Rewards Rate for all Eligible Purchases in excess of $10,000 per month); and
- Tier 4 – 4.0% of Eligible Purchases, if AOC is equal to or greater than $200,000.00 (the 4.0% Rewards Rate applies to the first $10,000 in Eligible Purchases per month, with a 2.0% Rewards Rate for all Eligible Purchases in excess of $10,000 per month).
In Fall 2025, Coinbase will be launching an American Express credit card which earns 2-4% back in Bitcoin on all purchases. Everyone gets 2% back on all purchases, and those holding more crypto in their Coinbase wallet will earn higher tiers: 2.5%, 3%, or 4%. I can’t find details on exactly what the tiers will be.
The card is only available to Coinbase One subscribers which now has a basic membership tier of $4.99/month or $49.99/year.
Coinbase One Card is offered by Coinbase, Inc. and Cardless, Inc. Cards issued by First Electronic Bank. American Express is a registered trademark of American Express and is used by the issuer pursuant to a license.
I personally don’t use crypto and therefore can’t recommend it. For someone who holds crypto (or USDC), this can be a way of earning ‘cashback’ (in Bitcoin), up to 4% on all credit card purchases.
The only other option for earning 4% on all credit card purchases is those who have the grandfathered version of the U.S. Bank Smartly card. Other than that, 2-3% range is generally the top cashback earn rate on good cashback credit cards.
