- Rewards: 1% BTC, ETH, DOGE, and DAI or 4% XLM, GRT
- Funding method: Crypto wallet
- Account minimum: $0
Founded in 2012, Coinbase was already a leading crypto exchange when it launched its Coinbase Visa card. The Coinbase Visa works like any other Visa card, except it's compatible with any asset in your Coinbase portfolio.
It draws from your Coinbase balance (not from Coinbase Pro, Wallet, Prime, or Commerce accounts), so you simply pay with a PIN or withdraw from an ATM as you would with a normal card. There is a daily spending limit of $2,500 and a daily $1,000 ATM withdrawal limit.
Cardholders have the choice of earning either 1% back in BTC, ETH, DOGE, and DAI or 4% back in XLM and GRT whenever a purchase is made.
Accepted anywhere that Visa is accepted, the Coinbase Visa gives global spending ability with no international limits. There are enhanced security features that include two-step verification, plus you have the option to instantly freeze your card through a hearty mobile app that keeps you in the driver's seat of your account. Bookkeeping is also made easy with the option for account notifications, digital receipts, and transaction summaries.
However, it is a fee-heavy debit card. Although there is no issuance fee, you will pay several other fees, like a Coinbase wallet currency conversion fee of 2.5%. This fee is per transaction and applies to any assets other than USD, USDC, or any supported crypto on Coinbase. There is also a 1% penalty when you withdraw above your maximum limit. Although crypto rewards can reach as high as 4% on eligible purchases, that 2.5% transaction fee could leave you with only 1.5% gains. Still, customers remain generally happy with the credit card and appreciate the additional security and convenience features this card has to offer.
- Enhanced card security
- Accepted at same locations as Visa
- Additional bookkeeping features
- High transaction fees on unsupported assets
- Must have a Coinbase account