[ head to head ]

Ethena Pay vs XPlace Card

Ethena Pay scores higher on the G2M score: 83/100 against 57/100 (#2 and #22 of 36 cards). Pick Ethena Pay for cashback; pick XPlace Card for more countries.

Ethena Pay83

#2 of 36 · 4% to 5% back · annual fee none

Get Ethena Read the review

XPlace Card57

#22 of 36 · 0.5% to 2% back · annual fee none

Get XPlace Read the review

The short answer

Ethena Pay scores higher on the G2M score: 83/100 against 57/100 (#2 and #22 of 36 cards).
Ethena Pay pays more cashback on its entry tier: 4% against 0.5%. Higher tiers go up to 5% on Ethena Pay and 2% on XPlace Card.
Neither card has an annual fee.
Ethena Pay charges 1% on foreign currency; XPlace Card does not publish its FX fee.
Ethena Pay lists 48 countries where it works; XPlace Card does not publish a full country list (233 confirmed so far). Of the markets we check for every card, only XPlace Card is confirmed in United States, United Kingdom and EU / EEA.
Both are non-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

Ethena Pay

XPlace Card

G2M score

Base cashback

0.5%

Max cashback

Paid in

AVAX, daily

USDC

Annual fee

Free

FX fee

Not published

Top-up fee

Per-purchase fee

None listed

ATM

$1 + 0.65% per withdrawal

Not published

Network

Visa

Card type

Spend

Varies by region

Custody

Non-custodial

Sign-up bonus (G2M link)

None published

No ID check

ID needed or not stated

Formats

virtual

virtual, physical

Apple / Google Pay

Yes / Yes

India

UAE

Yes

United States

Yes

United Kingdom

Yes

EU / EEA

Yes

Countries

Worldwide except 17 countries (including India, China, Turkey and Vietnam) and 19 US states

Bank account (IBAN or account number)

In your name

Not confirmed

Send money to a bank account

Not confirmed

Buy and sell crypto with fiat

Buy and sell

Not confirmed

Spend against crypto without selling

Yes

Yield on your balance

Yes

Tiers

Standard · Pro · VIP

Basic · Silver · Gold · Platinum

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

Credit Mode: spend against crypto or tokenized stocks without selling · Yield on deposits through Kamino · Airport lounges and fast track on paid plans · 24/7 human support · Spending up to $2,000 a month

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 XPlace Card?

Ethena Pay scores higher on the G2M score: 83/100 against 57/100 (#2 and #22 of 36 cards). Pick Ethena Pay for cashback; pick XPlace Card for 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 XPlace Card?

Neither card has an annual fee. Ethena Pay charges 1% on foreign currency; XPlace Card does not publish its FX fee.

Which pays more cashback, Ethena Pay or XPlace Card?

Ethena Pay pays more cashback on its entry tier: 4% against 0.5%. Higher tiers go up to 5% on Ethena Pay and 2% on XPlace Card.

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

Ethena Pay lists 48 countries where it works; XPlace Card does not publish a full country list (233 confirmed so far). Of the markets we check for every card, only XPlace Card is confirmed in United States, United Kingdom and EU / EEA.

Who holds my funds with Ethena Pay and XPlace Card?

Both are non-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.