In a move to enhance its debit card, Coinbase has launched a new debit card that gives users more flexibility while also removing spending transaction fees and deposit fees.
The new debit card shall offer a rotational rewards structure while also removing transaction fees for all crypto spending.
Rotational rewards structure
The rotating rewards structure will enable customers to earn a wider variety of crypto rewards that will enable them to expand their crypto portfolios.
Contrary to most blockchains that only reward their customers with specific tokens all through. Coinabse intends to allow customers to earn rewards in more than one token through their rotating list of crypto rewards. The customers will be able to earn the rewards just by swiping their cards.
Customers will continue to get 4% back on every purchase with new up-and-coming crypto assets like The Graph (GRT) or popular cryptocurrencies like Bitcoin (BTC). The rewards will however have an expiration date and if a customer does not select a reward by the time the next rotation is launched, Coinbase will automatically award the customer with the reward with the highest crypto back rate.
No transaction fees
Coinbase has also removed all the transaction fees for crypto spending using the new Coinbase Card. This allows customers to have more flexibility in spending cash or crypto using the Card.
Customers will also be able to get paid through Coinbase with no fees on deposits. That means they can freely fund their Debit Cads too.