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Coinbase launches credit card with bitcoin rewards

Coinbase has partnered American Express to launch a credit card that offers up to four per cent bitcoin back on purchases.

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Coinbase launches credit card with bitcoin rewards

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

Offered to Coinbase One subscription members in the US, the card is offered by Coinbase and fintech Cardless, and issued by First Electronic Bank.

The waitlist is now open for the metal card engraved with a piece of bitcoin's origin story, taken from the genesis block.

In addition to earning bitcoin on purchases, users can secure benefits through the AmEx Network, including access to unique experiences, offers, and protections.

Coinbase One is also getting a new basic tier, costing $4.99 a month or $49.99 a year, with members getting access to bitcoin rewards on purchases, zero trading fees and boosted staking rewards.

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Comments: (1)

Ketharaman Swaminathan

Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions

Why give reward points in altcoin and jump through the hoops of having it listed on a cryptoexchange when you can give them directly in Bitcoin. But I wonder if it has anything to do with Coinbase itself being a cryptoexchange and whether other brands will be able to do the same. 

Adding to my post Blockchain Loyalty Programs - Sizzling Or Fizzling?

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