does coinbase card affect credit score

Coinbase Card, also known as Coinbase Pro, is a popular digital wallet that offers various financial services, including cryptocurrency storage, withdrawals, and purchases. One of the most popular features of Coinbase Card is that it can be linked to a credit card, allowing users to purchase items using their card without any fees. This feature is noteworthy, as it allows users to make purchases without the need to have a physical card in their possession. However, some people are concerned about whether Coinbase Card affects their credit score. This is a valid question, as credit scores are used to assess a person's financial risk and ability to repay their debts. To address this concern, we need to understand how Coinbase Card affects credit scores. Coinbase Card can have a positive or negative effect on a person's credit score, depending on how they use it. If a user regularly makes purchases using their Coinbase Card without any fees, then it can be seen as a good thing for their credit score. However, if a user makes purchases with fees, then it can be seen as a negative thing for their credit score. Coinbase Card fees vary, and the exact fees may vary depending on the location and the card used. However, if a user makes purchases with a credit card, then it is important to consider the fees associated with the card. For example, if a user uses a high-fee card, then their credit score may be negatively affected. Conversely, if a user uses a low-fee card, then their credit score may be positively affected. In conclusion, Coinbase Card can have a positive or negative effect on a person's credit score, depending on how they use it. It is important for users to consider the fees associated with the card when making purchases, as these fees can affect their credit score negatively. However, if a user makes purchases using a credit card, then it is not a problem. It is important to note that Coinbase Card is not a direct factor in a person's credit score, but it can still affect it in a way that can be seen as a risk factor. Therefore, users should be aware of the fees associated with their Coinbase Card and make sure to use it wisely. ---