Update 4/27/26: Some are seeing an in-app offer for $50 after spending $100. You can find the offer at this link – seems to be targeting those who signed up recently (?), check your app to see if it is targeted. (ht reader Steve)
Update on 09/25/25: The levels are as follows (AOC = assets on coinbase). The card is also available to applicants:
- Tier 1 – 2.0% of eligible purchases, if AOC is under $10,000;
- Tier 2 – 2.5% of eligible purchases, if AOC is between $10,000 and $49,999.99 (2.5% rewards rate applies to the first $10,000 in eligible purchases per calendar month, with a 2.0% rewards fee of $10.0 per Elig);
- Tier 3 – 3.0% of eligible purchases, if AOC is between $50,000 and $199,999.99 (3.0% rewards rate applies to the first $10,000 in eligible purchases per calendar month, with a 2.0% rewards rate over $0.0 for each month); AND
- Tier 4 – 4.0% of eligible purchases, if AOC is equal to or greater than $200,000.00 (4.0% rewards rate applies to the first $10,000 in eligible purchases per month, with a 2.0% rewards rate for all eligible purchases of $0.00 over $000 for each month).
Original post:
In fall 2025, Coinbase will launch an American Express credit card which earns 2-4% back in Bitcoin on all purchases. Everyone gets 2% back on all purchases, and those who hold more crypto in their Coinbase wallet will earn higher rates: 2.5%, 3% or 4%. I can’t find details on exactly what the levels will be.
The card is only available to Coinbase One subscribers, which now has a basic membership level of $4.99 per month or $49.99 per year.
Coinbase One Card is offered by Coinbase Cards, Inc. and Cardless, Inc. issued by First Electronic Bank. American Express is a registered trademark of American Express and is used by the issuer under license.
I personally do not use crypto and therefore cannot recommend it. For someone holding crypto (or USDC), this can be a way to earn ‘cashback’ (in Bitcoin), up to 4% on all credit card purchases.
The only other way to earn 4% on all credit card purchases is for those who have the first version of the US Bank Smartly card. Additionally, the 2-3% range is generally the highest earning rate of cash back on good cash back credit cards.
