Coinbase has partnered with American Express to introduce the Coinbase One Card, a credit card that offers Bitcoin rewards to users in the United States. Available exclusively to Coinbase One subscribers, the card provides up to 4% cashback in Bitcoin on all purchases, with rewards scaling based on the user's crypto holdings—starting at a minimum of 2%. Rewards are automatically credited to the user's Coinbase Digital Asset Wallet, and the card carries no annual or foreign transaction fees.
The card requires a Coinbase One subscription, priced at $49.99 per year or $29.99 per month, which also includes benefits like zero trading fees and priority customer support. This marks American Express's first-ever crypto rewards product, combining traditional credit infrastructure with digital assets. Early adoption data reveals that cardholders have deposited over $200 million on the platform and spend an average of $3,000 per month, demonstrating strong user engagement.
Unlike Coinbase's previous debit offerings, this is a true credit card with revolving balances, purchase protections, and full acceptance wherever American Express is used globally. It competes with cards like the Gemini Credit Card, which features tiered rewards, but the Coinbase One Card simplifies the process with a flat Bitcoin-back rate. The partnership aims to bridge traditional finance and cryptocurrency, enhancing Bitcoin's utility in everyday spending.
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