Coinbase cancels cash back rewards?

I don’t know if it’s just me (unlikely) but Coinbase told me to change my reward type as my current one is gonna be discontinued soon (5/17/22) After going to check other rewards, to my surprise all of them are ending the same day. Was there an announcement my Coinbase that I missed, or is this a silent rollout in an attempt to save them some money? Curious what others observed/ know on the subject. I liked the card because it deducted funds right away whereas my normal bank account would take a day or two to reflect certain transactions, but the on ramp would be a lot less worth it (and less secure) without the cash back incentive

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14 thoughts on “Coinbase cancels cash back rewards?”

  1. This conversation has been had several times the last couple weeks.

    CB is going to switch to revolving rewards. You will still receive cash back but it’ll be de different coins that they will rotate every so often.

    They sent an email out about this roughly 2 weeks ago.

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  2. I mean does it really matter can’t you just exchange the rewards to the coins u want for “free” anyway? I don’t use their card so maybe I’m missing something

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  3. Coinbase and all crypto related businesses are about to go belly up for awhile. Market is tanking hard. Recession is also at the front door.

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  4. They sent an email 2 weeks ago. They’re slimming down rewards options, but they’re gonna be revolving so you can’t change it on the fly anymore.

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  5. I’ve been getting XML and trading it. When they swap I might switch to AMP and just hold it while it’s a penny right now.

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  6. Take your crypto offline before the “technical difficulties” start and then you cant take anything out. Now is not the time to gamble your assets in some unsecured exchange that could all of a sudden go into bank holiday mode. Now is the time to treat your crypto like putting money in a hidden safe to insure your property is in your hands.

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