Crypto card programmes have a habit of disappearing — losing a BIN sponsor, exiting a region, or cutting rewards to nothing. Coinbase's card is backed by a publicly listed company with real capital and audited financials, which makes programme continuity the least of your concerns.
What it actually costs
No annual fee. The cost is the conversion spread applied when crypto is sold to fund a purchase, which varies by asset and is not itemised on the statement. Spending from USDC rather than a volatile asset reduces it meaningfully, and that single choice matters more than any rewards tier.
Rewards
Modest and repeatedly restructured — rotating asset choices, changing rates and periodic promotional periods. Treat whatever is advertised today as subject to revision, and do not choose the card for the rewards.
Practical considerations
It is a custodial product: spending draws on your Coinbase balance, which is subject to the same compliance holds as any exchange account. Availability covers the US and a set of European markets, with terms differing between them.
Who should use it
Existing Coinbase users who want a reliable card from a counterparty they can assess. Anyone optimising for rewards or self-custody should look at Crypto.com or Gnosis Pay respectively.