Worth it for US Coinbase One members who already keep a large balance on Coinbase and pay in full each month. If you don’t want the membership or hold little on Coinbase, a no-fee card with a flat rate is simpler.
Score breakdown
How we read the terms: The card has no annual fee of its own, but it needs a paid Coinbase One membership from $49.99/year, scored as $4.17 a month. Entry tier pays 2%; 4% needs $200,000+ held on Coinbase.
Preliminary score: criteria marked “Not scored” are left out and their weight is shared among the rest. How scores are calculated.
Pros
- 2% back in bitcoin on every eligible purchase, even at the lowest tier
- No foreign transaction fee and no penalty APR
- Virtual card for Apple Pay or Google Pay while the metal card ships
- Check approval without affecting your credit score
Cons
- Needs a paid Coinbase One membership, from $49.99 a year
- The 4% rate needs $200,000 or more held on Coinbase
- Rates above 2% apply only to the first $10,000 of purchases a month
- US only, excluding US territories
Overview
The Coinbase One Card is a credit card on the American Express network, issued by First Electronic Bank and serviced by Cardless. You must keep an eligible paid Coinbase One membership (the Basic annual plan or higher) to open and keep the card.
Your bitcoin-back rate depends on your assets on Coinbase, including USD and USDC: 2% under $10,000, 2.5% from $10,000, 3% from $50,000 and 4% from $200,000. The higher rates cover the first $10,000 of purchases each month, then 2%. Bookings through Coinbase One Card Travel earn 5%.
We haven’t run a hands-on test of this card; this review is based on the issuer’s published documents linked on this page.
Card tierssource
| Tier | Stake | Subscription | Cashback | Notes |
|---|---|---|---|---|
| Tier 1 | Assets on Coinbase under $10,000 | Coinbase One from $49.99/year | 2% | No cap |
| Tier 2 | $10,000–$49,999.99 on Coinbase | Coinbase One from $49.99/year | 2.5% | First $10,000/month, then 2% |
| Tier 3 | $50,000–$199,999.99 on Coinbase | Coinbase One from $49.99/year | 3% | First $10,000/month, then 2% |
| Tier 4 | $200,000+ on Coinbase | Coinbase One from $49.99/year | 4% | First $10,000/month, then 2% |
Region: US.
Fees and limits
- Card issuance (US)
- $0 (no application fee)source
- Monthly fee (US)
- No card annual fee, but a paid Coinbase One membership is required: from $49.99/year (Basic annual plan)source
- FX fee (US)
- 0source
- Top-up (US)
- Not applicable (credit card, repaid monthly)source
- Free ATM per month (US)
- None — cash advances cost $10 or 5% (whichever is greater), 32.24% APRsource
Fees are quoted from the issuer’s documents for the region shown. Each “source” link opens the issuer’s page; the wording is quoted in the availability table and in the link’s tooltip.
Is it worth it? Quick math
Entry tier, $1,000 a month of everyday spending in the card’s currency, first year, compared with a plain 2% cash-back card. Only the verified figures above are used.
- Cashback earned
- $240
- Card fees (issuance + 12 × monthly)
- −$50.04
- Net value, year one
- $189.96
- Plain 2% cash-back card
- $240
At this spend, a plain 2% cash-back card earns $50.04 more. Higher tiers pay more, but may need staking, a balance or a paid plan — see the tiers above.
Cashback paid in a volatile token can be worth more or less when you sell it. FX and top-up fees are not included here.
Availability
| Region | Status | What the issuer says |
|---|---|---|
| US | Available | “The card is available in the US only (excluding U.S. Territories).”source |
| UK | Not available | “The Coinbase One Card is available only within the United States, excluding U.S. territories.”source |
| EEA | Not available | “The Coinbase One Card is available only within the United States, excluding U.S. territories.”source |
By country
Other regions listed by the issuer: United States (excluding U.S. territories)source. Not legal advice; an issuer can refuse any applicant.
How to get the card
- 1Join Coinbase OneSubscribe to an eligible Coinbase One plan (Basic annual or higher).
- 2Apply in the appGo to Credit card in the Coinbase app and enter your income; checking approval doesn’t affect your credit score.
- 3Accept the offerReview your credit limit and APR; a credit inquiry is reported only when you accept.
- 4Spend with your phoneAdd the virtual card to Apple Pay or Google Pay while the metal card ships.
Coinbase One Card: common questions
Is the Coinbase One Card a credit card? Is it an Amex?
Yes. The Coinbase One Card is a credit card on the American Express network, issued by First Electronic Bank. Purchase APR is 19.49% to 29.49% depending on creditworthiness.source
Do I need Coinbase One to get the Coinbase One Card, and how much does it cost?
Yes. You must hold an eligible paid Coinbase One membership to open and keep the card. Annual membership starts at $49.99 a year, and not every membership type qualifies. If your membership lapses or becomes ineligible, the card can be suspended.source
What is the Coinbase One Card credit limit?
Coinbase doesn't publish a set limit. Your initial credit limit is shown in the app, and the bank can adjust it at any time, including automatic increases if you qualify.source
How are Coinbase One Card rewards calculated?
You earn bitcoin back at a rate set by your assets on Coinbase: 2% under $10,000, 2.5% from $10,000, 3% from $50,000 and 4% from $200,000. The higher rates apply to the first $10,000 of purchases each month, then 2%. After the first 60 days, assets are a 30-day average. Rewards usually post when the purchase posts.source
Does the Coinbase One Card have an annual fee or foreign transaction fee?
There's no annual card fee as long as you have an active, eligible Coinbase One membership, which you pay for separately. There's no foreign transaction fee.source
Who issues the Coinbase One Card?
First Electronic Bank issues the card under a license from American Express. Cardless, Inc. services the account, and Coinbase, Inc. administers the bitcoin rewards.source
Do I need Coinbase One to get the Coinbase One Card?
Yes. The card is only for Coinbase One members, starting with the $49.99 Basic annual plan. If your membership ends, the card account may be suspended and closed.
How do I get 4% bitcoin back?
You need $200,000 or more in assets on Coinbase. The 4% rate applies to the first $10,000 of purchases each month; after that you earn 2%.
Alternatives and comparisons
Information only, not financial advice. Crypto assets are volatile. Terms change often — confirm on the issuer’s site before applying.