Coinbase One Card
Earn up to 4% bitcoin back on purchases. No foreign transaction fees, and pre-qualify with no credit score impact (Coinbase One members).
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Company Overview
Coinbase is the largest cryptocurrency exchange in the United States and one of the most recognized crypto platforms globally. Founded in 2012 by Brian Armstrong and Fred Ehrsam in San Francisco, California, Coinbase has grown to serve over 100 million verified users worldwide.
The company went public on April 14, 2021, listing on the NASDAQ under the ticker symbol COIN with an initial valuation of approximately $100 billion. In May 2025, Coinbase was added to the S&P 500 index, marking a historic milestone for a cryptocurrency company. Coinbase has raised over $1.7 billion in funding from prominent investors including Andreessen Horowitz, Union Square Ventures, Tiger Global Management, and Y Combinator.
Coinbase offers a comprehensive suite of crypto services including spot trading, staking, custody solutions, and the Coinbase Wallet for self-custody. The company also developed Base, an Ethereum Layer-2 network, to expand its blockchain infrastructure offerings.
In June 2025, Coinbase announced a partnership with American Express to launch the Coinbase One Card, a credit card designed specifically for Bitcoin enthusiasts. The card launched to U.S. Coinbase One members in October 2025, featuring a distinctive design etched with Bitcoin's Genesis Block data—a direct reference to Bitcoin's origin and the "coinbase" transaction that creates new Bitcoin.
Products & Services
Coinbase One Card (Credit Card)
The Coinbase One Card is an American Express credit card exclusively available to Coinbase One members. Unlike the older Coinbase Card (Visa debit), this is a true credit card focused on Bitcoin rewards.
Card Details:
- Network: American Express
- Card Type: Credit Card
- Issuer: First Electronic Bank (built with Cardless)
- Material: Stainless steel (~17g) with Genesis Block engraving
- Availability: United States only (excluding U.S. territories)
Rewards Structure (Tiered by Assets on Coinbase):
- Tier 1: 2% Bitcoin back (Assets < $10,000)
- Tier 2: 2.5% Bitcoin back (Assets $10,000 - $49,999)
- Tier 3: 3% Bitcoin back (Assets $50,000 - $199,999)
- Tier 4: 4% Bitcoin back (Assets ≥ $200,000)
Important: Rewards at 2.5%, 3%, and 4% tiers are capped at $10,000 in eligible purchases per calendar month. Spending beyond $10,000/month earns 2% back.
Additional Benefits:
- Pay your bill with a linked bank account or crypto held on Coinbase
- $10/month Base gas credits (with Coinbase One membership)
- $0 trading fees on Simple Trades up to $500/month
- 4.5% APY on first $10,000 USDC held
- Monthly Bitcoin sweepstakes (up to $100K, 1 entry per $100 spent, max 25 entries)
- American Express network benefits and offers
- Travel protections (lost luggage, trip cancellation/interruption insurance)
- Extended warranty coverage on purchases
Coinbase Card (Debit Card - Legacy Product)
The original Coinbase Card is a Visa debit card that allows users to spend crypto from their Coinbase account.
Key Features:
- Spend any of 100+ cryptocurrencies from Coinbase balance
- Automatic conversion to fiat at point of sale
- Earn 1-4% back in select cryptocurrencies (rotating rewards)
- 1% back in BTC, ETH, DOGE, or DAI
- 4% back in GRT, XLM, AMP, or RLY
- No annual fee or issuance fee
- Google Pay support
Note: The Coinbase debit card and Coinbase One credit card are separate products with different fee structures.
Fees & Pricing
Coinbase One Card (Credit Card)
| Fee Type | Amount |
|---|---|
| Annual Fee | $0 (requires Coinbase One membership) |
| Foreign Transaction Fee | $0 |
| Coinbase One Membership (Required) | $49.99/year (Basic Annual) |
| Trading Fees with Membership | $0 on first $500/month Simple Trades |
Coinbase Card (Debit Card)
| Fee Type | Amount |
|---|---|
| Card Issuance | Free |
| Annual Fee | $0 |
| Crypto Conversion Fee | 2.49% (waived for USDC spending) |
| Domestic Spending Fee | 0.20% |
| International Spending Fee | 3.00% |
| ATM Withdrawal | $2.49 + ATM operator fees |
Coinbase One Membership Tiers
| Tier | Monthly | Annual |
|---|---|---|
| Basic | $4.99/month | $49.99/year |
| Preferred | $29.99/month | $299.99/year |
| Premium | $299.99/month | $2,999.99/year |
Spending & Rewards Limits
Coinbase One Card (Credit)
| Limit Type | Details |
|---|---|
| Enhanced Rewards Cap | $10,000/month at 2.5%-4% tier |
| Rewards Beyond Cap | 2% on all spending after $10K/month |
| Maximum Rewards Rate | 4% (requires $200K+ assets on Coinbase) |
Coinbase Card (Debit)
| Limit Type | Amount |
|---|---|
| Daily Spending | $2,500 - $5,000 |
| Daily ATM Withdrawal | $1,000 |
| Monthly ATM Withdrawal | Varies by tier |
Supported Assets
Coinbase One Card (Credit):
- Rewards paid exclusively in Bitcoin (BTC)
- Can pay bill using any crypto held on Coinbase
Coinbase Card (Debit):
- Spend from 100+ supported cryptocurrencies
- Rewards available in: BTC, ETH, DOGE, DAI, GRT, XLM, AMP, RLY
- All crypto automatically converted to USD at point of sale
Assets Counted Toward Reward Tiers:
- Any asset on Coinbase including crypto, USDC, or USD balances
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Geographic Availability
Coinbase One Card (Credit):
- United States only (excluding Hawaii and U.S. territories)
- American Express network acceptance
Coinbase Card (Debit):
- United States: All states except Hawaii
- Europe: Austria, Belgium, Bulgaria, Croatia, Cyprus, Denmark, Estonia, Finland, France, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom
Security & Compliance
Regulatory Status:
- Coinbase is publicly traded on NASDAQ (COIN)
- Member of S&P 500 (since May 2025)
- Registered Money Services Business (MSB) with FinCEN
- Licensed Money Transmitter in multiple U.S. states
- SEC-regulated entity
Card Issuers:
- Coinbase One Card: First Electronic Bank
- Coinbase Card (US): MetaBank, N.A. (Member FDIC)
- Coinbase Card (EU): Paysafe Financial Services Limited (FCA Authorized)
- Payment processor: Marqeta
Security Features:
- Two-Factor Authentication (2FA)
- Biometric authentication
- Real-time transaction notifications
- In-app card management and freeze controls
- Vault protection for long-term storage
- Insurance coverage for custodial assets
Tax Considerations:
- Bitcoin rewards from Coinbase One Card are NOT reported on 1099 forms
- Taxes may apply when selling Bitcoin rewards
- Each crypto transaction on debit card is a taxable event
Target Users
Ideal For:
- Bitcoin maximalists who want all rewards in BTC
- Coinbase power users with significant assets on platform
- Users seeking a premium metal credit card with crypto rewards
- Those who want to pay credit card bills with crypto
- Travelers needing no foreign transaction fees
- Users who value American Express benefits and offers
- Those already paying for Coinbase One membership
Not Suitable For:
- Users outside the United States (credit card)
- Those unwilling to maintain Coinbase One membership
- Users preferring rewards in multiple cryptocurrencies
- Light spenders who won't break even on membership cost
- Those who prefer self-custody over exchange-held assets
- Users wanting Visa/Mastercard network for wider acceptance
- Anyone uncomfortable with Bitcoin price volatility affecting reward value
Pros
- Up to 4% Bitcoin back on all purchases—one of the highest flat-rate crypto rewards
- No annual fee on card itself (membership required)
- No foreign transaction fees
- Premium stainless steel card with unique Genesis Block design
- Pay credit card bill using crypto held on Coinbase
- American Express network benefits and offers
- Travel protections included (lost luggage, trip insurance)
- Extended warranty on purchases
- Bitcoin rewards not reported on 1099 (tax advantage)
- Flat-rate rewards without complex bonus categories
- Monthly Bitcoin sweepstakes opportunity
- Additional Coinbase One perks: free trades, USDC yield, Base gas credits
- Backed by largest U.S. crypto exchange with S&P 500 listing
Cons
- Requires paid Coinbase One membership ($49.99/year minimum)
- Only available in United States (excluding territories)
- Rewards only in Bitcoin—no other cryptocurrency options
- Enhanced rewards (2.5%-4%) capped at $10,000 spending/month
- Highest tier requires $200,000+ in assets on Coinbase
- American Express has lower merchant acceptance than Visa/Mastercard
- Must keep assets on centralized exchange to maximize rewards
- Bitcoin reward value fluctuates with market price
- APR and full terms not publicly disclosed
- Card account may be closed if membership lapses
- No welcome bonus announced
Alternatives
- Gemini Credit Card: No annual fee, up to 3% crypto back in 50+ assets, bonus categories for dining/groceries
- Crypto.com Visa Card: Up to 8% CRO rewards, Spotify/Netflix rebates, multiple card tiers
- BlockFi Rewards Credit Card: Bitcoin rewards with no annual fee (Note: Limited availability after company issues)
- Venmo Credit Card: 3% cash back on top spending category, easy crypto conversion through Venmo
- Upgrade Bitcoin Rewards Card: 1.5% Bitcoin back, no staking or membership required
- Fold Card: Bitcoin rewards on everyday spending, Lightning Network integration
About the author
Founder of Sirket.io & Editor at BankList.co
Can Ozer is the founder of Sirket.io with over 6 years of experience in international taxation. He has helped many entrepreneurs with offshore company formation, business bank account opening, and payment infrastructure applications across multiple jurisdictions. At BankList.co, he reviews and curates banks and financial services to help founders choose the right financial partner.
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