Coinbase to Launch Amex Card Featuring Bitcoin Cashback This Fall
- The new card will allow users to earn up to 4% cashback in bitcoin on purchases.
- It features data from the Genesis Block, the first block created on the Bitcoin network on January 3, marking its symbolic connection to Bitcoin’s origins.
- Available exclusively to Coinbase One subscribers, the card has no foreign transaction fees and can be repaid using a linked bank account or crypto held on Coinbase.
- Rewards earned through spending will not appear on IRS Form 1099, although taxes may apply if sold later.
- The card aligns with a growing trend of crypto rewards cards, positioning itself as a symbol of financial sovereignty rather than just a cashback tool.
Coinbase’s upcoming Amex card aims to resonate with users who value Bitcoin not only as an asset but also as a philosophy rooted in resistance to traditional banking systems. The emphasis on its design and rewards reflects a commitment to aligning everyday financial activities with Bitcoin’s founding ethos.
With up to **4% cashback** in bitcoin, this new offering could appeal significantly to those who identify with the cryptocurrency’s narrative and values.
