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Avalanche Card vs Ethena Pay

Ethena Pay scores higher on the G2M score: 83/100 against 46/100 (#1 and #24 of 26 cards). Ethena Pay also comes out ahead on cashback, a lower FX fee and more countries.

Avalanche Card46

#24 of 26 · Not published back · annual fee none

Get AvalancheRead the review
Ethena Pay83

#1 of 26 · 4% to 5% back · annual fee none

Get EthenaRead the review

The short answer

  • Ethena Pay scores higher on the G2M score: 83/100 against 46/100 (#1 and #24 of 26 cards).
  • Ethena Pay pays 4% cashback on its entry tier; Avalanche Card does not publish a rate. Higher tiers go up to 5% on Ethena Pay.
  • Neither card has an annual fee.
  • Ethena Pay charges less on foreign currency: a 1% FX fee against 3%.
  • Ethena Pay lists 48 countries where it works; Avalanche Card does not publish a full country list (31 confirmed so far). Of the markets we check for every card, only Avalanche Card is confirmed in United States, and only Ethena Pay is confirmed in UAE.
  • Both are self-custodial.

Want the answer for your own spending, or the next tier up of each? See what each keeps you a year or pick tiers and add a third card.

Side by side

Detail
Avalanche Card
Ethena Pay
G2M score
46
83 (better)
Base cashback
Not published
4%
Max cashback
Not published
5%
Paid in
Avax Points
AVAX, daily
Annual fee
Free
Free
FX fee
3%
1% (better)
Top-up fee
0%
0%
Per-purchase fee
None listed
None listed
ATM
Not published
$1 + 0.65% per withdrawal
Network
Visa
Visa
Card type
Varies by region
Spend
Custody
Self-custodial
Self-custodial
Formats
virtual, physical
virtual
Apple / Google Pay
Yes / Yes
Yes / Yes
India
No
No
UAE
Unclear
Yes
United States
Yes
No
United Kingdom
Unclear
No
EU / EEA
Unclear
No
Countries
31
48
Bank account (IBAN or account number)
No
In your name
Send money to a bank account
No
Not confirmed
Buy and sell crypto with fiat
No
Buy and sell
Spend against crypto without selling
No
No
Yield on your balance
No
Yes
Tiers
Global · United States
Standard · Pro · VIP
Perks
Avax Points · Travel portal redemptions
Works on Arbitrum, Ethereum, Optimism and Polygon · 5% a year on your balance, up to $5,000, paid daily in USDe · 6% a year on your balance, up to $100,000, paid daily in USDe · 6% a year on your balance, up to $1,000,000, paid daily in USDe

Highlighted values are the better of the two. “Not published” means the issuer does not state it. Card data last checked 25 Oct 2026; see each card's review for its sources.

Questions

Which is better, Avalanche Card or Ethena Pay?

Ethena Pay scores higher on the G2M score: 83/100 against 46/100 (#1 and #24 of 26 cards). Ethena Pay also comes out ahead on cashback, a lower FX fee and more countries. The better card for you depends on where you live and how you spend; the G2M calculator works it out for your own spending.

Which has lower fees, Avalanche Card or Ethena Pay?

Neither card has an annual fee. Ethena Pay charges less on foreign currency: a 1% FX fee against 3%.

Which pays more cashback, Avalanche Card or Ethena Pay?

Ethena Pay pays 4% cashback on its entry tier; Avalanche Card does not publish a rate. Higher tiers go up to 5% on Ethena Pay.

Which works in more countries, Avalanche Card or Ethena Pay?

Ethena Pay lists 48 countries where it works; Avalanche Card does not publish a full country list (31 confirmed so far). Of the markets we check for every card, only Avalanche Card is confirmed in United States, and only Ethena Pay is confirmed in UAE.

Who holds my funds with Avalanche Card and Ethena Pay?

Both are self-custodial.

More comparisons

Scores use the same rules for every card (how the score works). Referral links never change a score or rank. Not financial advice.