Coinbase is gearing up to release a new credit card, the “Coinbase One Card.” It’s designed for Bitcoin fans, offering up to 4% back in BTC. The exchange plans to roll out this new product in 2025, working with American Express. This card will feature a unique collector’s design, perfect for Bitcoin lovers.
🚀 Coinbase will launch its “Coinbase One Card” in 2025 with American Express
It will offer up to 4% Bitcoin rewards for Coinbase One subscribers
The design is a tribute to Bitcoin’s Genesis Block
Features include buyer protection and no… pic.twitter.com/yYItpFKRK6
— Diario฿itcoin (@Blaze Trends)
It’s been four months since Coinbase first showed off this new credit card. Now, the crypto exchange is getting ready to launch the “Coinbase One Card” with American Express. It’s clearly made for people who love Bitcoin.
They first mentioned it last June. This card isn’t out yet, but it promises rewards in the top cryptocurrency. Its look also nods to Bitcoin’s early days. This positions it as a sign of financial independence.
Coinbase’s official website shares more. The card will drop in the fall of 2025, but you can sign up for early access now. First Electronic Bank issues the card. It uses the American Express network and Cardless helps manage it. The “Coinbase One Card” is a special item for Coinbase One members. This paid subscription starts at $49.99 per year. You need it to even apply for the card.
1 like and we’ll send an invite to every Coinbase One member on the card waitlist. pic.twitter.com/1NBROJJEjy
— Coinbase 🛡️ (@coinbase)
A recent CoinDesk article dug into the card’s best features. It highlighted how the card is built for ‘bitcoiners.’ These are loyal users who see Bitcoin as more than an investment. They view it as a way to push back against traditional banks.
CoinDesk pointed out, “The card isn’t just about getting rewards.” It serves as a symbol of Bitcoin’s roots. Its design points to the Genesis Block. This was the very first block, made by Satoshi Nakamoto on January 3, 2009. That block held a hidden message. It was a hexadecimal code from a 2008 London Times headline. The headline read: “Chancellor on brink of second bailout for banks.” This was a quiet jab at central banks rescuing big financial institutions.
Up to 4% Bitcoin Rewards
The “Coinbase One Card” shines with its Bitcoin rewards program. You can get up to 4% back on every purchase. The exact percentage depends on how many assets you keep in your Coinbase account. More money held on the platform means a bigger BTC cashback rate. This encourages users to keep funds with Coinbase.
But not all spending will qualify. Things like cash equivalent transactions, gambling, or betting are out. Also, Coinbase can change or take back rewards whenever they choose.
This card also packs in American Express benefits. These include buyer protection, extended warranties, and travel insurance. That covers cancellations and interruptions. Roadside assistance and special offers are part of the deal too. Plus, there are no foreign transaction fees, making it good for international spending. When it’s time to pay your bill, you can link a bank account. Or, you can pay directly with crypto from your Coinbase wallet. This connects regular money and digital assets smoothly.
The physical card itself feels like a collector’s item. It’s made from 17 grams of stainless steel. It also features an engraving of the Genesis Block’s hexadecimal code. This pays tribute to the “coinbase” transaction. That’s the very first block transaction that rewards miners. CoinDesk summed it up: “It’s a card for those who distrust the old system. It’s for people seeking Bitcoin’s censorship resistance.”
Coinbase One Card Stands Out From The Crowd
To get the card, you’ll need to pass a credit check. You also must keep your Coinbase One subscription active. This membership offers more perks too. You get zero fees on your first $500 of trading each month. There’s also a 4.5% APY on USDC, up to $10,000. Plus, you receive credits for transactions on the Base network. Good news for US users: Bitcoin rewards themselves don’t trigger 1099 tax forms. However, you will need to report taxes if you sell that BTC later.
The crypto card market is getting crowded. Gemini, for example, launched its card in 2023. It offers up to 3% in varied rewards. But Coinbase’s new card takes a different path. It focuses heavily on Bitcoin as an idea, not just on many different assets. CoinDesk noted, “It aims right at the most loyal users. It scales rewards based on their holdings.”
Coinbase plans to launch this card in the fourth quarter of this year. They want to cash in on the rising demand for products that merge crypto with everyday spending. We expect more details soon. But for now, the “Coinbase One Card” looks like a must-have for serious Bitcoin enthusiasts. If you’re interested, you can join the waitlist on Coinbase’s official website.