The cryptocurrency exchange Coinbase has announced that its crypto-earning credit card will debut in the fall of 2025.
Issued by First Electronic Bank, the Coinbase One Card will earn up to 4% back in Bitcoin on every purchase. It will have no annual or foreign transaction fees and a base rewards rate of 2% back, but it will be possible to level up to 2.5%, 3% or 4% depending on the amount of assets with Coinbase.
The Coinbase One Card is on a waitlist, and a Coinbase spokesperson said more details about rewards rates will be released when the card officially debuts to the public.
Only Coinbase One members are eligible to apply for the Coinbase One credit card. The cheapest Coinbase One membership costs $4.99 a month or $49.99 a year. Other benefits of membership include zero trading fees up to $500 worth of trades every month, and 4.5% APY on the first $10,000 held in Coinbase.
The launch of the Coinbase One Card is further evidence that the crypto credit cards market — which fizzled dramatically following the crypto winter of 2022 — is on the rebound.