#1 of 27VisaSpendSelf-custodial
Ethena Pay
Virtual Visa card from Ethena with one of the highest flat rates around: 4% on your first $2,500 a month.
Key facts
- Cashback
- 4% to 5%
- Annual fee
- Free
- FX fee
- 1%
- Top-up fee
- Not published
- Per-purchase fee
- None listed
- ATM
- $1 + 0.65% per withdrawal
- Card types
- virtual
- Mobile wallets
- Apple Pay + Google Pay
Cashback: Standard: 4% on the first $2,500 a month, then 1% on the next $1,500. Pro and VIP raise both the rate and the limits.
FX: About 1% card-network fee passed through at cost, no Ethena markup.
G2M score
Rewards32/40
Fees24/30
Coverage13/20
Control10/10
Where it works
- IndiaNot confirmed
- UAEAvailable
- United StatesNot confirmed
- United KingdomNot confirmed
- EU / EEANot confirmed
48 countries incl. the UAE, Australia and Latin America · 48 countries. Includes United Arab Emirates, Australia, Argentina, Brazil.
Tiers and plans
| Tier | Cost per year | Cashback | Monthly cap | FX fee | How to get it | Perks |
|---|---|---|---|---|---|---|
| Standard | Free | 4% up to $2,500/mo, 1% up to $4,000/mo, 0% above $4,000 | — | 1% | Free to join | — |
| Pro | Not published | 4.5% up to $8,000/mo, 2% up to $10,000/mo, 1% up to $12,000/mo, 0.5% above $12,000 | — | 1% | Not published | — |
| VIP | Not published | 5% up to $20,000/mo, 2% up to $30,000/mo, 1% up to $40,000/mo, 0.5% above $40,000 | — | 1% | Not published | — |
What's good
- 4% back on everyday spend with no annual fee
- No FX markup from Ethena
Watch out for
- Rate drops sharply above $2,500 a month on Standard
- Virtual card only
More details
- Perks
- Works on Arbitrum, Ethereum, Optimism and Polygon
- Issuer
- Third National
Sources · last checked 22 Oct 2026
- DefiLlama card dataset · 29 Sept 2026
Terms change often. Confirm fees and availability on the official Ethena site before you apply. Spotted something out of date? Tell us.