This article refers to the Coinbase One credit card. For the debit card, see Coinbase Card-Debit card overview.
As an alternative to a traditional Coinbase One Card, Coinbase One customers may be offered a credit card with a security deposit. Cardholders enjoy the same benefits as any Coinbase One Card customer. The “security deposit” is the USDC that you designate to secure your card and this USDC is held by Coinbase on its platform. The security deposit may also be called the “Secured USDC”. Furthermore, your USDC deposit doesn’t just establish your credit limit, it also earns rewards at the standard USDC rewards rate.
If your Coinbase One card with Security Deposit is closed or goes into default, your USDC security deposit will be applied toward any outstanding balance. For accounts in default, your card will be closed. Any remaining USDC Security deposit will be returned to you. You remain responsible for any unpaid balance after the USDC security deposit is applied.
Eligibility requirements
You must be 18-years-old or older.
You must reside in the US (excluding U.S. Territories).
You must have a valid Coinbase account.
You must have an eligible Coinbase One subscription (Basic Annual minimum; starting at $49.99/year. Basic monthly customers are not eligible) or opt in to one before accepting the card offer, and maintain thereafter.
You must complete the application process for the traditional Coinbase One Card, including verifying and passing income, identity, or other requirements, pass a credit review, and be offered the Coinbase One Card with Security Deposit
You must agree to the Coinbase One Card terms and conditions and the security deposit terms of the Coinbase User Agreement
Important
Credit limits are determined by the amount of the USDC security deposit in $500 increments.
Apply
Apply for the Coinbase One Card.
If we cannot offer the Coinbase One Card without a security deposit, you may be presented with an offer to designate USDC as a security deposit for a Coinbase One Card with Security Deposit. Select Continue.
Select a credit limit between $500 and $5,000, which will be the USDC security deposit you will designate as securing your credit card. This amount will be taken from your existing USDC balance.
Review the provided disclosures, then select I agree.
If your USDC balance is not sufficient, you’ll be prompted to purchase the remainder to secure your card at your preferred limit.
Once your USDC balance has been deposited to cover your credit limit, you may proceed. Select Review my offer.
To accept and start using your Coinbase One Card with Security Deposit, select Accept offer.
If prompted to opt in to an eligible Coinbase One subscription to receive your card, select Join to sign up.
Provide your shipping address to order your physical card.
For any card related questions, please contact our card specialist team at 1 (855) 508-5066.