Coinbase Launches Nationwide Bitcoin Rewards Card for Coinbase One Members

The Coinbase One Card offers up to 4% bitcoin cashback, no foreign transaction fees, and dual payment options, requiring a $49.99 annual membership.

BTC
SOL

Summary

Coinbase has expanded availability of its Coinbase One Card to all U.S. customers enrolled in its $49.99 per year Coinbase One membership. The card offers up to 4% back in bitcoin on all purchases, no foreign transaction fees, and the option to pay from a linked bank account or crypto held on Coinbase. Rewards are not reported on 1099 forms when earned, though taxes may apply upon sale. The physical card features engraved data from Bitcoin’s 2009 Genesis Block. Rival Gemini recently launched a Solana edition of its crypto rewards card with category-based bonuses, merchant offers up to 10%, no annual fee, and optional auto-staking for SOL rewards. The two cards target different consumer preferences—Coinbase emphasizes a bitcoin-only approach with a membership model, while Gemini focuses on varied asset rewards with category-driven rates.

Terms & Concepts
  • Coinbase One: A paid membership service from Coinbase offering benefits such as zero trading fees, priority support, and now access to the Coinbase One Card.
  • Genesis Block: The first block of the Bitcoin blockchain, mined by Bitcoin creator Satoshi Nakamoto on January 3, 2009.
  • Auto-staking: A feature allowing cryptocurrency rewards, such as SOL, to be automatically staked to earn additional yield without manual intervention.