American Express announced on June 12, 2025, a new partnership with Coinbase to introduce Coinbase's first branded credit card. This card will be exclusively available to U.S. members of Coinbase One, the cryptocurrency platform's monthly subscription product.
The new credit card will allow cardholders to earn between 2% and 4% back in bitcoin, with the rewards program set to begin in the fall. This initiative marks American Express's entry into the crypto-back card market, leveraging its network for a new demographic.
Will Stredwick of American Express global network services stated that the collaboration sees real potential in combining Coinbase and crypto with the backing of American Express. This product launch aims to offer an excellent mix of what customers are seeking in the evolving financial landscape.
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