Coinbase has announced the upcoming release of its crypto-earning credit card, the Coinbase One Card, set to launch in fall 2025. Issued by First Electronic Bank, this card will offer users up to 4% cashback in Bitcoin on every purchase.
The standard rewards rate will be 2%, with opportunities to increase it to 2.5%, 3%, or even 4% depending on the user's asset holdings with Coinbase. The card will not carry annual fees or foreign transaction fees.
Currently, the Coinbase One Card is available via a waitlist. Only members of Coinbase One, a paid subscription service, will be eligible to apply. Membership starts at $4.99 per month or $49.99 annually. Benefits of the membership include zero trading fees on up to $500 in monthly trades and 4.5% APY on the first $10,000 held.
This move highlights the resurgence of crypto-linked credit cards, a sector that saw significant decline during the crypto winter of 2022. Coinbase’s announcement closely follows the public rollout of the new Crypto.com credit card, signaling renewed momentum in this niche financial product market.
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