Coinbase unveils its first credit card in partnersip with American Express

Crypto exchange Coinbase Global ( NASDAQ: COIN ) will roll out if first branded credit card on the American Express ( NYSE: AXP ) network, it said on Thursday. The new Coinbase One Card is set to offer up to 4% bitcoin ( BTC-USD ) back on every purchase. Rewards will come alongside “unique benefits, offers, experiences, and protections through the American Express Network,” Will Stredwick, senior vice president, Global Network Services at American Express said on stage at Coinbase’s State of Crypto summit. The card will be exclusively available to Coinbase One members in the U.S., with the waitlist opened Thursday. Coinbase One members have mounted to over 1M since the monthly subscription product launched in 2023. “We see real potential in the combination of Coinbase and crypto with the Powerful Backing of American Express, and what the card offers is an excellent mix of what customers are looking for right now,” Stredwick said.

Source: Seeking Alpha