The Coinbase Carte du jour*
takes out the complexity of buying crypto and makes accumulating the popular currency simple and less risky overall. In fact, you never even have to purchase any crypto and only accumulate the rewards. Those looking to dip their toe into the crypto waters simply are not quite ready to commit to outright buying the volatile coins will find the Coinbase Carte du jour*
an easy entry point. While the greenbacks-back offerings aren’t the best on the market place, if you have been waiting to get into cryptocurrencies, this menu could be your answer.

Coinbase Card

Coinbase Card


Pros

  • $0 almanac fee
  • Earn crypto back on every buy
  • Used everywhere Visa is accepted
  • Debit carte—no credit check required
  • No ATM fees


Cons

  • Monthly spending limits which puts a cap on rewards earnings
  • No bonus categories for spending
  • Must have a Coinbase business relationship to qualify

Highlights

  • Earn crypto rewards with every purchase
  • No transaction fees
  • $0 annual fee


Introduction

When cryptocurrencies were beginning introduced the globe was intrigued just the barriers to entry made it more complicated than many were willing to deal with. However, equally these currencies have evolved digital coins are more user-friendly than ever earlier. In fact, earning crypto today is every bit easy as simply using your debit bill of fare.

The Coinbase Card*
is a debit carte du jour issued by Metabank and runs on the Coinbase platform. It allows yous to spend any cryptocurrencies or U.S. dollars you own anywhere Visa cards are accepted. To spend your cryptocurrency, Coinbase will automatically convert all your cryptocurrency to U.S. dollars when making a purchase.

The carte du jour touts fee-costless transactions for crypto spending, no almanac fee and a simple rewards-earning structure. Spending limits on the menu vary from user to user. You lot tin check your monthly spending allocation by logging into the Coinbase App and viewing your account.

Since the Coinbase Bill of fare*
is a debit card, it can be used at ATMs worldwide, even for cashing out your cryptocurrencies. Similar to using the card for everyday purchases, Coinbase volition convert your cryptocurrency to U.South. dollars for ATM withdrawals. ATM withdrawals are limited to $ane,000 per day.

Compare Coinbase Card With Other Cards

At a Glance

  • Earn rewards with every purchase in select cryptocurrencies
  • Conveniently spend crypto or U.S. dollars anywhere Visa cards are accepted
  • Cardholders tin can earn new assets and diversify their holdings with a rotating rewards construction
  • Piece of cake funding through the Coinbase platform
  • Store your crypto rewards to your wallet, trade for other cryptocurrencies and more than

Coinbase Rewards

The most appealing benefit of the Coinbase debit card is its cash-back rewards. Cardholders earn crypto rewards on all purchases.

While at that place isn’t a cap on how much you tin earn in rewards, y’all volition be express by your monthly spending allocation.

Earning Rewards

Cash-back rewards come in the form of cryptocurrency. Every bit before long equally you apply your Coinbase Card*, your rewards will register and should be available within 24 hours, although sometimes it can take longer.

Coinbase currently lets cardholders select from five cryptocurrencies, each of which earns a specific percentage back. Hither are some examples of rates we take seen offered:

  • U.S.D. Coin: 1% back
  • Dai: 1%
  • Ethereum: ane%
  • Bitcoin: 1.v%
  • Amp: 2%

The Coinbase Card*’s rewards and earning rates are on a rotating schedule. Each calendar month at that place will be new options, while the other options will elapse. You will receive a discover prior to your current pick expiring and given the take chances to choose a new advantage to earn. If you don’t choose a advantage by the time your electric current advantage selection expires, Coinbase volition cull one for you lot, however, you lot tin change your reward from the Coinbase App at whatsoever time. Cheque your Coinbase app for the latest rewards bachelor.

Redeeming Rewards

When you earn crypto rewards through the Coinbase Card*, you’ll take several options on how to redeem them.

  • Transfer to your crypto wallet: When you collect cryptocurrency, you lot’ll need a safe and secure place to shop it. A crypto wallet is the best place for storing your cyber coins. Coinbase itself tin concur your crypto rewards you earn from the Coinbase Card*
    in its costless wallet service. Yous also can opt to identify your coins in a tertiary-party wallet.
  • Trade for other cryptocurrencies: Coinbase has an extensive list of cryptocurrencies available to convert to on its platform. When yous earn crypto rewards via its cashback menu option, you tin can trade your money for whatsoever of Coinbase’southward options. Annotation that trading your crypto from one coin to another may incur fees.
  • Stake your rewards: A unique feature of cryptocurrency is the ability to “pale” information technology. Coinbase Card*
    members can stake their coins (like Ethereum) with Coinbase and earn staking rewards.

Rewards Potential

In society to determine the rewards potential of the Coinbase Card*, we calculated what the average American household might spend and, therefore, what a cardholder could earn. Forbes Counselor uses data from multiple government agencies to determine both the baseline income and the spending averages across various categories. The 70th percentile of wage earners take home $107,908 each twelvemonth—we guess spending from that number.

Forbes Advisor estimates that the example household has $32,072 in expenses that can be reasonably charged to a credit or debit card. The Coinbase menu’southward cash-back rates vary depending on which reward you choose—rates tin can exist as low as i% and upwards to 4%. We will go with a two% rate for the purpose of this breakdown.

At 2% cash dorsum for each purchase, the Coinbase Card*
would earn around $641 dorsum per yr. Nevertheless, depending on the type of crypto rewards you cull every bit your earning, this number will fluctuate drastically.

Other Coinbase Card Benefits

  • Contactless Payment: Apply your carte to pay with mobile payment options like Apple tree Pay or Google Pay. Coinbase Carte du jour*
    currently does not support Apple Cash.

Fine Print

Interest Rates

  • Regular APR:
    Due north/A
  • Buy Intro Apr:
    Due north/A
  • Remainder Transfer Intro APR:
    Due north/A

Fees

  • Annual Fee:
    $0
  • Balance Transfer Fee:
    N/A

How the Coinbase Card Stacks Up

Coinbase Carte*
vs. Crypto.com Visa Carte*

Crypto cards haven’t been on the market for long, but despite their relative newness, several options have already popped upwards. The Crypto.com Visa Card*
is some other crypto debit card that earns rewards on purchases. Simply, the similarities finish there.

Crypto.com’due south Visa card is actually a series of debit cards, each with its ain earning structure and unique benefits. When comparison directly to the Coinbase Menu*, the Royal Indigo/Jade Blue makes the most sense. Information technology earns 2% back in crypto rewards, however, you’ll only earn greenbacks dorsum when you pale at least $4,000 worth of crypto with Crypto.com. Even worse, you are express to earning just $fifty dorsum each month.

Where the Crypto.com Visa has a leg up on the Coinbase Bill of fare*
is in its perks and benefits. Each month you’ll become a reimbursement on subscription services from Spotify (up to $thirteen.99) and Netflix (upward to $13.99). If you utilise these services, y’all tin can relieve but under $28.00 a calendar month. Compared with the lack of perks of the Coinbase Carte du jour*, these credits seem downright generous. Remember, though, that the monthly earning rate is incredibly low plus you have to tie upwards $4,000 to even earn any rewards, ultimately making the monthly credits significantly less attractive.

Coinbase Card*
vs.

The is one of the offset, and only, crypto rewards credit cards on the market. Cardholders earn cryptocurrency rewards in real time. Its cash-back construction consists of in any cryptocurrency that can be traded on Gemini’due south platform.

Whether the beats out the Coinbase Bill of fare*
volition depend on your spending habits. If yous spend a chunk of your coin on dining, the three% back could requite yous a ameliorate payout. Additionally, the uncapped 2% dorsum on groceries can lead to more savings than what you would earn with the Coinbase Carte du jour*.

All of these factors volition ultimately depend on your fix spending limits (recall that your monthly spend is capped with the Coinbase Card*).

Coinbase Card*
vs. BlockFi Rewards Visa® Signature Card*

The BlockFi Rewards Visa® Signature Bill of fare*
is another 1 of the earliest crypto rewards credit cards on the scene. This card does not offer a welcome bonus. Cardholders earn 0.25% dorsum in crypto on all eligible trades, 1.5% back in crypto for every purchase and the power to earn 2% dorsum in crypto after $thirty,000 of annual spend.

At offset glance, a 1.5% earning rate on rewards doesn’t seem like much compared to the 2% for the Coinbase Bill of fare*. However, the BlockFi Rewards Visa does non cap its rewards. Yous can spend as much as your wallet (and credit limit) allows for, and you’ll still earn i.5% back. With the Coinbase Card*, you’re capped at your monthly spend limit.

If y’all have big bills and lots of spend, the BlockFi card could be a better pick than the Coinbase Card*.

Is the Coinbase Card for You?

If you take been wanting to test out crypto but accept reservations about actually spending your fiat currency, the Coinbase Carte*
could be the entry point yous need. With this card, buying crypto is not required to earn crypto rewards and there is no staking requirement. You won’t meet rewards rates like you would with more traditional cash-back cards, but with the volatile nature of cryptocurrencies, y’all could also end up with a much better return.