Coinbase One - 4% back with BTC
Oct 5, 2025 | 8:31 am
#1
Original Poster
Join Date: Jun 2012
Posts: 25
Coinbase One - 4% back with BTC
Hello All - apologies if this is covered elsewhere, but curious on your thoughts on the recently launched Coinbase One credit card.
2-4% cashback in BTC (up to $10K monthly), depending on assets held (maximum 4% requires $200K in assets)
Requires an annual Coinbase One subscription ($49+)
Non-taxable as it's a rebate - not reported on 1099 per FAQ
Coinbase One Card Coinbase
If you are OK holding $200K in assets with Coinbase, it seems like a viable card for everyday spending (non-travel, non-dining).
Thoughts?
2-4% cashback in BTC (up to $10K monthly), depending on assets held (maximum 4% requires $200K in assets)
Requires an annual Coinbase One subscription ($49+)
Non-taxable as it's a rebate - not reported on 1099 per FAQ
Coinbase One Card Coinbase
If you are OK holding $200K in assets with Coinbase, it seems like a viable card for everyday spending (non-travel, non-dining).
Thoughts?
Oct 5, 2025 | 10:21 am
#2
Join Date: Sep 2010
Location: LAX
Posts: 184
Oct 7, 2025 | 12:21 pm
#3
FlyerTalk Evangelist
Join Date: Dec 2002
Location: Danville, CA, USA;
Programs: UA 1MM, WN CP, Marriott LT Plat, Hilton Gold, IC Plat
Posts: 18,078
Why would anyone do this? I transfer all my Rakuten points automatically to Amex. No AF, no need to deposit cash, no tulip coins (ie BTC).
Oct 8, 2025 | 11:12 am
#5
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,685
Then they want you to hold it with them without any type of insurance or anything. Should make anyone think twice.
Oct 8, 2025 | 11:35 am
#6
Join Date: Sep 2024
Posts: 1,752
i think a lot of people dont understand how crypto works underneath. they buy/sell/stake/etc crypto via coinbase just like how they trade stocks on RH, and it feels like the most natural and convenient thing to do
Last edited by Caspavio; Oct 8, 2025 at 11:44 am