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Ethena Pay vs ether.fi Cash Card

Ethena Pay scores higher on the G2M score: 83/100 against 80/100 (#1 and #2 of 26 cards). Pick Ethena Pay for cashback; pick ether.fi Cash Card for a lower FX fee and more countries.

Ethena Pay83

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

Get EthenaRead the review
ether.fi Cash Card80

#2 of 26 · 3% to 4% back · annual fee Not published

Get ether.fiRead the review

The short answer

  • Ethena Pay scores higher on the G2M score: 83/100 against 80/100 (#1 and #2 of 26 cards).
  • Ethena Pay pays more cashback on its entry tier: 4% against 3%. Higher tiers go up to 5% on Ethena Pay and 4% on ether.fi Cash Card.
  • Ethena Pay has no annual fee; ether.fi Cash Card does not publish its annual fee.
  • ether.fi Cash Card charges less on foreign currency: a 0.5% FX fee against 1%.
  • ether.fi Cash Card is confirmed in more countries: 91 against 48. Of the markets we check for every card, only ether.fi Cash Card is confirmed in United States, United Kingdom and EU / EEA.
  • 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
Ethena Pay
ether.fi Cash Card
G2M score
83 (better)
80
Base cashback
4% (better)
3%
Max cashback
5% (better)
4%
Paid in
AVAX, daily
ETHFI
Annual fee
Free
Not published
FX fee
1%
0.5% (better)
Top-up fee
0%
0%
Per-purchase fee
None listed
None listed
ATM
$1 + 0.65% per withdrawal
Free: 10 a month on Core and Luxe, unlimited on Pinnacle and VIP. Up to $5,000 per withdrawal, 5 a day
Network
Visa
Visa
Card type
Spend
Credit
Custody
Self-custodial
Self-custodial
Formats
virtual
virtual, physical
Apple / Google Pay
Yes / Yes
Yes / Yes
India
No
No
UAE
Yes
Yes
United States
No
Yes
United Kingdom
No
Yes
EU / EEA
No
Yes
Countries
48
91
Bank account (IBAN or account number)
In your name
In your name
Send money to a bank account
Not confirmed
27 currencies
Buy and sell crypto with fiat
Buy and sell
Buy and sell
Spend against crypto without selling
No
Yes
Yield on your balance
Yes
Yes
Tiers
Standard · Pro · VIP
Core · Luxe · Pinnacle · VIP
Perks
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
Airport lounge access on every tier · Visa Signature benefits · Airport lounge benefit · Visa concierge · Purchase and price protection

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, Ethena Pay or ether.fi Cash Card?

Ethena Pay scores higher on the G2M score: 83/100 against 80/100 (#1 and #2 of 26 cards). Pick Ethena Pay for cashback; pick ether.fi Cash Card for 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, Ethena Pay or ether.fi Cash Card?

Ethena Pay has no annual fee; ether.fi Cash Card does not publish its annual fee. ether.fi Cash Card charges less on foreign currency: a 0.5% FX fee against 1%.

Which pays more cashback, Ethena Pay or ether.fi Cash Card?

Ethena Pay pays more cashback on its entry tier: 4% against 3%. Higher tiers go up to 5% on Ethena Pay and 4% on ether.fi Cash Card.

Which works in more countries, Ethena Pay or ether.fi Cash Card?

ether.fi Cash Card is confirmed in more countries: 91 against 48. Of the markets we check for every card, only ether.fi Cash Card is confirmed in United States, United Kingdom and EU / EEA.

Who holds my funds with Ethena Pay and ether.fi Cash Card?

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.