Coinbase One Card
- Best for: Coinbase One members with $10,000 or more on Coinbase
- What Sets It Apart: A 2% floor that climbs with your Coinbase balance, which cash and USDC count toward
- Rewards: 5% in bitcoin on travel booked through Coinbase One Card Travel; 2.5%, 3%, or 4% with $10,000, $50,000, or $200,000 on Coinbase, on the first $10,000 of purchases a month; 2% otherwise
- Features: Amex Offers; retail and return protection, extended warranty, and car rental coverage
- Annual Fee: $0 with Coinbase One, from $49.99 a year on the Basic annual plan
- Security Deposit: $100 to $5,000 in USDC for the secured version some declined applicants get
- APR: 19.74% to 29.74% variable
- Cost: No foreign transaction fee; cash advances, crypto purchases included, $10 or 5%, whichever is greater; late fee up to $41
- Eligibility: Coinbase One, Basic yearly or any Preferred or Premium plan; U.S. residents 18 or older, outside U.S. territories
- Pros: Cash and USDC count toward the tiers; at least 2% on every eligible purchase; Amex protections; approval shown before a hard credit check
- Cons: Requires Coinbase One; higher tiers need $10,000 on Coinbase and stop after $10,000 of purchases a month; bitcoin only; no welcome offer
Get the Coinbase One Card if you already pay for Coinbase One and keep $10,000 or more on Coinbase, which lifts its bitcoin back above 2% on up to $10,000 of purchases a month. With less there, it pays 2% in bitcoin, the rate a no-fee cash back card pays in dollars without a $49.99 membership.
The Coinbase One Card is Coinbase’s credit card, issued by First Electronic Bank and run on the American Express network, and only paying Coinbase One members can get it. Its bitcoin back depends on how much you keep on Coinbase and lands in your Coinbase account, usually as each purchase posts.
Key Features
- 2% back in bitcoin with under $10,000 on Coinbase
- 2.5%, 3%, or 4% with $10,000, $50,000, or $200,000 on Coinbase, on your first $10,000 of purchases a month
- Uncapped 5% back in bitcoin on flights, hotels, and car rentals booked through Coinbase One Card Travel
- No annual fee, but Coinbase One costs from $49.99 a year on its Basic annual plan, and letting it lapse can close the card
- No foreign transaction fee, and a 19.74% to 29.74% variable APR, the yearly rate on a carried balance
Pros
- Cash and USDC, a crypto token meant to stay worth $1, count toward the higher tiers, not just coins like bitcoin
- At least 2% back on every eligible purchase, with no spending categories to track
- American Express protections, including return protection and car rental coverage
- Approval and credit limit shown before any hard credit check, which can lower your score
Cons
- Coinbase One costs at least $49.99 a year, and by our math the 2.5% tier earns that much more than a 2% card only past about $10,000 of yearly spending
- The higher tiers need $10,000 or more on Coinbase and stop after $10,000 of purchases a month
- Rewards come only in bitcoin, which can lose value before you sell
- No welcome offer
- Crypto bought with the card counts as a cash advance, charged a fee and interest from the day it posts
Coinbase One members with $10,000 or more on Coinbase earn 2.5% to 4% in bitcoin on their first $10,000 a month, more than the 2% a no-fee card pays in cash. With less than $10,000 there, the card’s 2% in bitcoin matches what a no-fee 2% cash back credit card pays in dollars, with no membership to buy.
Learn more about the Coinbase One Card or see how it compares to the best crypto credit cards.
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