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Ethena Pay Card

Issued via Third National · Card currency USD

Custody
Self-custody
Network
Visa
Card types
Virtual only
Card product
Secured by crypto
Wallets
Apple Pay

Spending is backed by crypto you lock as collateral. No credit check, no interest.

Partly verified · 8 of 12 key facts · last checked 15 Oct 2026 · aging

Facts reviewed by

Review

What it is

Ethena Pay Card is a virtual crypto card. Spending is backed by crypto you lock as collateral. No credit check, no interest. It is issued by Third National. Payments run on the Visa network. The card currency is USD.

Funding and spending

You keep your keys, and the card spends from your own wallet. It is funded with crypto. The card uses digital assets held as collateral in a linked wallet on a supported blockchain.

Fees

It has no virtual card issuance fee. The foreign currency fee is 1%. The FX markup is 0%. It has no purchase fee. The ATM withdrawal fee is USD 1 + 0.65%. Some of these fees have conditions, which are listed in the fees table on this page. We have not verified the annual fee, monthly fee, crypto conversion spread and top-up fee yet.

Limits and rewards

You can withdraw cash at ATMs. It pays 4% to 5% back on card spend, depending on tier. Rewards are paid in AVAX. It works with Apple Pay but not with Google Pay.

How we check

We last checked this card on 15 Oct 2026, against 4 official issuer pages. The tables below show the source and the check date of every value we have verified. Facts not listed here are unknown so far.

Tiers compared

Fees, limits and the reward rate for each tier. A cell that says Not verified has no checked figure yet.
Fee or limitProStandardVIP
Back on card spend4.5%4%5%

Fees, limits and the reward rate for each tier. A cell that says Not verified has no checked figure yet.

Pros and cons of Ethena Pay Card

Pros

  • Low foreign exchange fee: 1%
  • No card issuance fee
  • 4% back, up to 5% on higher tiers
  • Self-custody: you keep control of your funds
  • Works with Apple Pay

Cons

  • 4 of 12 key facts are not verified yet

Who it suits

  • People who want to keep control of their own keys
  • Frequent travellers, as foreign exchange fees are low
  • People who want cashback on everyday spending

Built only from facts we have verified. Anything we have not verified is left out.

Fees

Amounts in the card currency, as the issuer publishes them
Virtual card issuance
Free
Checked 02 Oct 2026agingsource
Annual fee
Unknown
Foreign currency (FX)
?
Charged on payments in a currency other than the card currency.
1%
Non-USD transactions. Visa's fee passed through at cost, typically around 1.0% but varies by currency and is not a cap. No Ethena Pay markup.
Checked 02 Oct 2026agingsource
Crypto conversion spread
?
Charged when crypto is converted into the card currency.
Unknown
ATM withdrawal
USD 1 + 0.65%
Only where ATM access is available; the ATM operator may charge its own surcharge.
Checked 05 Oct 2026agingsource
Top-up
Unknown
Inactivity
Free
Checked 02 Oct 2026agingsource
Card replacement
Free
Checked 02 Oct 2026agingsource
Account monthly fee
Free
Checked 02 Oct 2026agingsource
Credit interest (APR)
0%
Purchases only. Cash advances and balance transfers are not available. Issuer reserves the right to add interest in future.
Checked 02 Oct 2026agingsource
FX markup
?
A margin added on top of the exchange rate when a payment is converted.
0%
Checked 02 Oct 2026agingsource
Purchase fee
Free
Domestic purchase fee for transactions in U.S. dollars
Verified 22 Oct 2026source

Limits

Daily spend
Unknown
Monthly spend
Unknown
ATM per day
Unknown
Top-up per day
Unknown

Rewards

No country limit
No token staking needed
Paid in AVAX
Tier StandardBack on card spend
4%
Tiered by calendar-month spend: 4% on the first $2,500 of monthly spend, 1% on $2,500 to $4,000, 0% above $4,000. Paid in AVAX. Excludes ATM withdrawals, cash advances, crypto purchases and other listed transactions. Discretionary, not guaranteed.
Checked 02 Oct 2026agingsource
Tier ProBack on card spend
4.5%
Tiered by calendar-month spend: 4.5% on the first $8,000 of monthly spend, 2% on $8,000 to $10,000, 1% on $10,000 to $12,000, 0.5% above $12,000. Paid in AVAX. Excludes ATM withdrawals, cash advances, crypto purchases and other listed transactions. Discretionary, not guaranteed.
Checked 02 Oct 2026agingsource
Tier VIPBack on card spend
5%
Tiered by calendar-month spend: 5% on the first $20,000 of monthly spend, 2% on $20,000 to $30,000, 1% on $30,000 to $40,000, 0.5% above $40,000. Paid in AVAX. Excludes ATM withdrawals, cash advances, crypto purchases and other listed transactions. Discretionary, not guaranteed.
Checked 02 Oct 2026agingsource

Top-up assets and networks

What the card spends from

The card uses digital assets held as collateral in a linked wallet on a supported blockchain.

Checked 06 Oct 2026agingsource

Access and funding

Identity check (KYC)
Not verified
ATM withdrawals
Yes
You can withdraw cash at ATMs. The fees and limits above and below set the cost and the caps.
Checked 07 Oct 2026agingsource
Reloadable
Not verified
Top-up methods
Not verified

Where it's available

Applying for the card and using it are tracked separately.

Virtual card only: nothing is shipped.

Country
Can apply
Card works
Verified
🇦🇫 AfghanistanRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇧🇾 BelarusRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇧🇮 BurundiRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇨🇫 Central African RepublicRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇨🇺 CubaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇨🇩 DR CongoRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇪🇹 EthiopiaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇮🇷 IranRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇱🇧 LebanonRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇱🇾 LibyaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇲🇱 MaliRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇲🇲 Myanmar (Burma)Restricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇳🇮 NicaraguaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇰🇵 North KoreaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇷🇺 RussiaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇸🇴 SomaliaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇸🇸 South SudanRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇸🇩 SudanRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇸🇾 SyriaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇺🇸 United StatesThe Spend Card is not offered to U.S. persons.
No
Unknown
Checked 03 Oct 2026agingsource
🇻🇪 VenezuelaRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇾🇪 YemenRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource
🇿🇼 ZimbabweRestricted Jurisdiction: the Services are not offered to people located in or resident there.
No
Unknown
Checked 02 Oct 2026agingsource

No information for 224 countries yet

Frequently asked questions about Ethena Pay Card

Who issues Ethena Pay Card?

Ethena Pay Card is issued by Third National. Payments run on the Visa network.

Is Ethena Pay Card a virtual or a physical card?

Ethena Pay Card is a virtual card only.

Can I withdraw cash from an ATM with Ethena Pay Card?

Yes. You can withdraw cash at ATMs. The ATM withdrawal fee is USD 1 + 0.65%.

Does Ethena Pay Card work with Apple Pay and Google Pay?

It works with Apple Pay but not with Google Pay.

Which crypto can I use with Ethena Pay Card?

The card uses digital assets held as collateral in a linked wallet on a supported blockchain.

What does Ethena Pay Card charge on payments in a foreign currency?

The foreign currency fee is 1%. The FX markup is 0%. The conditions are listed in the fees table on this page.

Does Ethena Pay Card pay cashback?

Yes. It pays 4% to 5% back on card spend, depending on tier. Rewards are paid in AVAX.

Sources

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