Coinbase Drops Credit Card with Amex That Pays You in Bitcoin [Video]

Coinbase just stepped into the credit card game. The crypto giant teamed up with American Express to launch its very first credit card that lets users earn bitcoin just by swiping.

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But this isn’t just any card. It’s only available to U.S. subscribers of Coinbase One, the company’s premium membership program that costs $29.99 a month. For that price, users get zero trading fees, higher staking rewards, and now, access to this new rewards card.

The credit card rolls out this fall and will give users 2% to 4% back in bitcoin on their purchases. It also comes with the usual Amex perks, think purchase protections and exclusive experiences.

For folks who don’t want to pay that much, Coinbase is rolling out a Basic plan at $4.99 a month or $49.99 a year, which includes fewer perks but still gives access to some features.

Coinbase has been growing beyond just crypto trading. It’s been leaning into subscriptions and services like staking, stablecoins, and its Coinbase Wallet. In fact, those services brought in nearly $700 million in revenue last quarter, just over half of what it earned from trading.

The new card comes as crypto regulations get clearer and the industry gears up for new product rollouts. And with more crypto-friendly moves expected under a Trump-led administration, Coinbase is betting big on everyday users wanting more ways to earn and spend their crypto.

This isn’t Coinbase’s first card ever—they released a Visa debit card in 2020—but it is their first real credit card. And they’re hoping it catches on, especially with over 1 million Coinbase One users already signed up.

Bottom line? If you’re deep into crypto and willing to pay for perks, Coinbase just made it easier to earn bitcoin while living your daily life.