Coinbase One Card Review (New Card Preview, Up to 4% Back on Everything, Waitlist Available)

physixfan 2025-09-03 2025-09-03

Other Banks

American Express (AmEx)

2025.9 Update: Details are out, and the first batch of people on the waitlist have already received application links.

Application Link

Just announced; there’s no public application link yet.You can join the waitlist: Coinbase One Card

Features

Up to 4% back on all purchases, paid as Bitcoin (BTC) to your Coinbase account.Your cashback rate depends on how much you hold at Coinbase:
1. Tier 1: 2% back if your Coinbase assets are
2. Tier 2: 2.5% back if your assets are $10,000–$49,999.99;
3. Tier 3: 3.0% back if your assets are $50,000–$199,999.99;
4. Tier 4: 4.0% back if your assets are ≥ $200,000.00.
  Important: For Tiers 2–4, the higher rate only applies to the first $10,000 in purchases each calendar month; any spend beyond that earns 2%.
This is a third-party American Express card.It supports AmEx Offers, but acceptance outside the U.S.
is typically weaker than Visa/Mastercard.
No foreign transaction fee.
Annual fee: $0 for the card itself.However, you must have an active Coinbase One membership to apply, which effectively makes the “fee” the $49.99/year Coinbase One membership.

Disadvantages

No sign-up bonus (at least for now).
The extra cashback above 2% is capped: only the first $10k per calendar month qualifies for the higher tiered rates.

Summary

Coinbase is the largest, most compliant U.S.crypto exchange, and this card’s rewards are paid in BTC.Since the higher rates require parking assets at Coinbase, you should at least be comfortable with crypto to consider it.

That said, you don’t have to hold volatile coins: if you want to avoid price swings, you can keep USDC (a USD stablecoin) on Coinbase and earn interest instead.

While the headline “up to 4% back” sounds great, the $10k/month cap on elevated earn is a bit underwhelming.Compared with no-AF 2% cash-back cards like Citi Double Cash (DC), this card effectively asks you to pay $49.99/year for Coinbase One.Run the math on how much you’ll keep at Coinbase and whether the incremental earn over 2% will at least cover that membership cost.

Historical Offers Chart

Application Link

Just announced; there’s no public application link yet.You can join the waitlist: Coinbase One Card

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Frequently Asked Questions

Certainly. Unlike personal loans, you won't face any penalties for settling your balance ahead of schedule. However, it's crucial to keep in mind that if your credit card comes with a 0% introductory offer, it's essential to clear your balance completely before the 0% promotion expires and interest charges apply.

However, you can include additional cardholders, each with their own card. While sharing the single credit limit, the primary cardholder remains responsible for settling the debt.

Potentially, yes. Credit card APRs are typically variable, allowing lenders to change rates, impacting your monthly payments. Additionally, be mindful that introductory 0% offers can lead to higher interest rates once they expire. So, it's wise to clear your balance before that happens, if feasible.

Indeed, credit builder cards exist for those with less-than-ideal credit scores. These cards offer lower credit limits (typically £150 to £1,200) and higher interest rates. Responsible use, including full and on-time payments, can gradually boost your creditworthiness, potentially opening doors to better credit card offers down the line.