Coinbase Card review: a simple way to accumulate crypto
Read this Coinbase Card review and learn about this easy, simple and risk-free way to accumulate crypto.
Earn rewards in crypto with this simple and easy entry point card
This simple and straightforward debit card earns cash back in crypto on every purchase while charging no annual fee. Learn about it in this Coinbase Card review.
- Credit Score: N/A
- APR: N/A
- Annual Fee: N/A
- Fees: N/A
- Welcome bonus: N/A
- Rewards: 1% cash back in USD Coin, 1% in Dai, 1% Ethereum, 1% Bitcoin, and 2% Amp.
You can use your Coinbase Card at any store or merchant that accepts Visa. The card does not require any credit checks and does not charge ATM fees.
However, there is a limit to how much you can earn in rewards, there are no bonus categories, and you must have a Coinbase account.
Coinbase Card: how does it work?
The Coinbase Card (a Metabank card) runs on the Coinbase platform, and allows cardholders to spend both U.S. dollars or cryptocurrency.
Coinbase automatically converts all of the user’s crypto to U.S. dollars when they make a purchase.
There are no fees for you to spend your crypto and the card boasts no annual fee and a simple structure for rewards.
Users can experience variance when it comes to spending limits, and you can check your monthly spending with the Coinbase app.
You can use your Coinbase Card to withdraw cash at ATMs all over the world, even if the money is still in crypto.
Coinbase automatically converts your current crypto into U.S. dollars when you make ATM withdrawals, just like when you make purchases.
The daily limit for ATM withdrawals is $1,000. This is a high limit even for traditional debit cards. Plus, the card offers users the opportunity to earn cash-back rewards on every purchase.
The cash-back rewards come in the form of crypto. The card registers your rewards as soon as you make a purchase with it, making it available within 24 hours or so.
You can select the cryptocurrency in which you will receive your cash back, and you can either transfer your rewards to your crypto wallet, trade for other cryptocurrencies or stake them.
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Significant benefits and disadvantages you may find using the Coinbase Card
Now you are familiar with the details of this card. But our Coinbase Card review would not be complete without a comparison between its pros and cons.
So have a look at the list of benefits and disadvantages we have prepared for you below.
- Earn cash back in crypto on every purchase
- The card does not charge an annual fee
- No credit requirements
- No ATM fees
- Does not offer bonus categories
- Requires a Coinbase account
- Limited rewards with monthly spending limits
Is a good credit score required for applicants?
The Coinbase Card works pretty much like any regular debit card. It is not a credit card, and therefore it does not require applicants to have good credit to qualify.
Learn how to apply and get a Coinbase Card
If you like what you have seen in this Coinbase Card review, you might want to take the next step and apply for the card. If that is the case, click the link below and we will show you how to do it.
About the author / Danilo Pereira
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