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.
bet it’ll be dead in 6 months or mass SDs
No mention of foreign transaction fees on purchases.
It is mentioned. “There are no foreign transaction fees. Users can also repay their balances with a linked bank account account or crypto held on Coinbase. Cardholders also get access to exclusive Amex Experiences™ and Offers.”
This is actually a good deal because you get the Amex benefits too. I don’t think there’s any other card that has return protection for a lower annual fee than this.
From the site:
Additional cardholder benefits
Gain access to more benefits through our partnership with the American Express network.¹
• Retail Protection
• Extended Warranty
• Return Protection
• Amex Offers
• Amex Experiences
• Car Rental Loss Damage
• Trip Cancellation/Trip Interruption
• Lost Luggage Insurance
• Roadside Assistance
• Emergency Assistance
Probably only worth for those who trade a lot and purchase other crypto besides BTC. Staking and fee rebates and APY can help offset the Coinbase One fee. I’ll just stick to the usual Strike/River for simple DCA BTC buys.
Having to keep track of all the fractional cash back earned cost basis and sale is not worth the hassle, not to mention the hidden markup fee for small these fractional transactions
Wonder what the bid ask and transaction fee are. This is definitely not worth it.
look deeper
Not a fan of Coinbase or having to pay to be a subscriber. Any others out there that pay cashback in bitcoin? I know of Fold but it has quirks.
Look into the Gemini Card 4% on Gas and Uber 3% on Dining 2% at supermarkets 1% everywhere else. Rewards come instantly in Bitcoin if you’re smart or you can choose from among a number of other meme type coins. No annual fee and its a nice metal card. Got one a couple years ago and its become a part of my normal monthly rotation.
Many suggest investing in cryptocoins. I, however, am investing in pennies and socks. Someday I will put many coins in a sock, and use it to beat the passwords out of people who invested in crypto.
Nice try Scambase. Thanks but no thanks.
Happy to put all my money in the number one hacking target in the world lmao