Our Official Verdict
Elite US Credit: 4% BTC Rewards + Amex Protection
The Coinbase One Amex represents the pinnacle of regulated crypto credit. Combining 4% rewards with bank-grade insurance and a $49 annual fee, it is the only card that truly bridges the gap between DeFi wealth and traditional credit luxury.
Overview
Premium American Express credit card for members. Up to 4% Bitcoin rewards and full travel insurance suite.
Fees & Charges
Annual Fee
$49
FX Fee
0%
ATM Fee
TBD
Requirements
Supported Regions
US
Spendable Assets
BTC, USDC
Coinbase One Card (Amex) Review
The Coinbase One Card (Amex) is a custodial card network crypto-backed credit crypto card designed to let Coinbase users spend digital assets in everyday purchases.
The Elite Crypto Credit Card
The Coinbase One Card is a premium credit product that represents a new era of "Fintech-DeFi" convergence. Issued on the American Express network and exclusively available to Coinbase One members, it is designed for high-net-worth users who want to earn Bitcoin rewards while enjoying the elite protections and benefits of an Amex credit card. It is a physical metal card that signals both crypto proficiency and traditional financial status.
Spending & Mechanics: A True Credit Product
Unlike the standard Coinbase debit card, this is a Crypto-Backed Credit Card.
- Credit Line: Your spending limit is determined by your creditworthiness and the value of your assets held on Coinbase.
- Settlement: You spend on credit and pay back the balance monthly, allowing your crypto to remain invested and potentially appreciating.
- Network: Global American Express acceptance.
ROI Analysis: The "Math" of Bitcoin Rewards
The rewards structure is tiered based on your "Assets on Coinbase" (AOC):
- Base Rate: 2% back in BTC on all purchases.
- Whale Tier ($200k+ assets): 4% back in BTC.
The Break-even Analysis: The card requires a Coinbase One membership ($49.99/yr).
- If you earn 2% back, you need to spend $2,500 annually to cover the membership fee.
- If you earn 4% back, you only need to spend $1,250 annually to break even. For most active users, the rewards alone make the membership "free," before even considering the zero-fee trading and boosted APY benefits.
Traditional Perks & Protections (Amex Suite)
Because it runs on the Amex network, the card includes a suite of protections that typical crypto debit cards lack:
- Purchase Protection: Coverage for theft or accidental damage of new items for up to 90 days.
- Extended Warranty: Adds an extra year to the manufacturer's warranty on eligible purchases.
- Car Rental Insurance: Secondary coverage for damage or theft when you use the card to book a rental.
- Travel Insurance: Including trip delay and lost luggage protection.
Fees & Limits
- Annual Card Fee: $0 (but requires $49.99/yr Coinbase One sub).
- FX Fees: 0%. This makes it an elite travel companion for international spenders.
- APR: Variable rates typically ranging from 19.49% to 29.49%.
Verdict
The Coinbase One Card is the ultimate tool for the Long-term Bitcoin Stacker. It allows you to leverage your existing crypto wealth to earn more BTC on every purchase, all while protected by the robust safety net of American Express. If you already have a significant portfolio on Coinbase, the 4% reward rate makes this the highest-earning credit card in the crypto industry today.
Fees and break-even math
Annual fee: $49; FX fee: 0%; ATM fee: TBD. At a stated max rewards rate of 4%, the break-even spend is about $1,200 per year (annual fee divided by reward rate). All numeric fee and limit figures referenced above are sourced from the issuer documentation listed below. Source: Issuer card page.
Competitor comparison
Closest alternatives include the Crypto.com Visa Card and the Binance Visa Card. Compare custody model, rewards caps, and FX fees before choosing.
