Coinbase's Bitcoin-Focused Amex Card With Up to 4% BTC Rewards: What You Need to Know
Coinbase launched its Amex card for U.S. Coinbase One members, offering up to 4% back in Bitcoin on purchases.Summary
Coinbase has rolled out its Coinbase One Card, available to U.S. customers who subscribe to the $49.99 annual Coinbase One plan. The card offers up to 4% back in Bitcoin (BTC) on all purchases, with no foreign transaction fees. Users can pay their credit card bill using a linked bank account or crypto held on Coinbase. The card's design is notably linked to Bitcoin's history, etched with raw data from the Genesis Block. This product competes with Gemini's crypto rewards cards, but Coinbase focuses on a bitcoin-first identity and flat rewards structure, unlike Gemini's category-based rewards across multiple digital assets. Coinbase notes that BTC rewards are not reported on 1099 forms upon earning, though taxes may apply upon sale.
(Source：CoinDesk)