Coinbase One Card on American Express Network Offers Up to 4% Bitcoin Back, Now Available

The Coinbase One Card, a new credit card operating on the American Express Network, has officially rolled out, offering cardholders up to 4% back in Bitcoin on all purchases. The launch, which began in Fall 2025, was highlighted by a tweet from user "CBduck 🟦" on November 1, 2025, showcasing the card's "Light mode" design and remarking, "this looks familiar. 🤔" This new offering marks a significant collaboration between the leading cryptocurrency exchange Coinbase and financial services giant American Express.

The Coinbase One Card is exclusively available to subscribers of Coinbase One, Coinbase's premium membership program. Issued by First Electronic Bank in partnership with Cardless, Inc., the card integrates traditional credit card functionalities with cryptocurrency rewards. Cardholders can earn between 2% and 4% Bitcoin back, with the reward rate contingent on the amount of assets held on the Coinbase platform.

Announced earlier in June 2025 at Coinbase's State of Crypto Conference, the card aims to bridge the gap between digital assets and everyday spending. It provides standard American Express benefits, including access to unique experiences, offers, and protections. The card itself features a distinctive design etched with data from Bitcoin's Genesis Block, symbolizing its connection to the cryptocurrency's origins.

Coinbase has also introduced a more accessible "Basic" tier for its Coinbase One subscription, priced at $49.99 per year, to broaden access to the card and its benefits. While Bitcoin rewards earned through spending do not appear on 1099 tax forms, selling those rewards may trigger tax events, according to Coinbase. This strategic product launch underscores the growing trend of integrating cryptocurrency into mainstream financial products and services.