Coinbase Launches Bitcoin Rewards Credit Card with American Express

Coinbase is launching the Coinbase One Card a first of its kind Amex backed credit card that offers 2–4 % BTC cashback on everyday spending. The card is exclusive to Coinbase One subscribers and marks a significant step in crypto’s march toward mainstream adoption. 

1. BTC Cashback That Competes with TradFi

• Up to 4 % back in Bitcoin on all purchases, surpassing typical credit card rewards of 1–3 %  .
• Cashback rate increases based on Coinbase asset holdings, start at 2 %, max out at 4 %  .
• Amex network provides trusted benefits: no foreign transaction fees, travel protections, purchase coverage.

2. Amex Partnership Marks a Milestone in Crypto Integration

• First Amex credit card co-branded with a major crypto exchange  .
• Signals institutional trust, helping erase stigma around digital assets in mainstream financial services  .
• Could trigger a wave of similar offerings, expanding crypto’s footprint.  

3. Card Access, Fees & Ecosystem

• Exclusive to Coinbase One members, including the new Basic tier ($4.99/month or $49.99/year)  .
• Subscribers also enjoy zero trading fees up to $500/month, boosted staking rewards (ETH, SOL), and USDC APY benefits  .
• Metal card design with Bitcoin genesis block engraving offers both aesthetic appeal and crypto pride.  

4. The Broader Picture

This card signals a major shift in crypto finance convergence:

• Institutional adoption continues with mainstream financial backers.
• It bridges daily spending with crypto accumulation, turning fiat habits into BTC savings.
• May set precedent: similar offerings from Gemini, OKX, and crypto native issuers have already followed suit.  

Conclusion

The Coinbase One Card, powered by Amex, offers a compelling proposition for active crypto users: everyday spending becomes an opportunity to earn BTC. With rough cashback rates, sleek design, and solid perks, it’s a credible entry into crypto credit for mainstream audiences.

But it’s not for everyone only those who spend enough to offset fees, manage credit responsibly, and understand crypto taxation and volatility.

Internal Links

• Learn key crypto terms mentioned above in the Crypto Glossary including “cashback,” “staking rewards,” and “volatility.”
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