The post Coinbase Partners With American Express To Launch Bitcoin-Backed Credit Card appeared on BitcoinEthereumNews.com.

Coinbase has entered the world of credit cards after announcing the launch of the Coinbase One Card in partnership with American Express. First Electronic Bank issues the Bitcoin rewards credit card, which operates on the American Express network. Coinbase Removes Waitlist For The Coinbase One Card Coinbase has removed the waitlist for its Coinbase One Card, opening it up to thousands of US-based users. The card, created in partnership with American Express, offers up to 4% Bitcoin cashback, depending on how much cryptocurrency the user holds on the platform. However, all cardholders are entitled to a minimum of 2% cashback. Cardholders can pay bills using a linked account or directly by using the cryptocurrency held on the exchange, without incurring international transaction fees. The card is available exclusively to Coinbase One members, with rewards automatically credited to the user’s Coinbase Digital Asset wallets. While the card does not have an annual or foreign transaction fee, it requires a Coinbase One subscription. Coinbase One’s entry-level membership is priced at $49.99 and offers several advantages, like zero trading fees and priority customer support. Unlike the earlier debit offering from Coinbase, the Coinbase One Card is a true credit card with revolving balances, purchase protections, and is accepted at all locations that accept American Express cards. A Significant Milestone The partnership is historic for Coinbase and American Express. American Express is powering its first-ever crypto rewards product. The collaboration combines traditional credit infrastructure and the appeal of digital assets. It is also a signal that mainstream financial networks are increasingly open to blockchain-based rewards systems. Meanwhile, the partnership enhances Coinbase’s goal of creating a unified financial ecosystem where customers can trade, hold, and spend crypto within a familiar payment framework. The Coinbase One Card also raises an important question of whether crypto-based rewards…

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Filed under: News - @ October 24, 2025 4:24 am