Etherfi Cash Card

The ether.fi Cash Card is a crypto-native Visa credit card linked to a non-custodial ether.fi account. It allows users to make everyday purchases while keeping their assets in their own smart-contract Vault rather than transferring them to a traditional card custodian. The card works anywhere Visa is accepted and is available in both virtual and physical versions.

Users can choose between two main spending methods. Direct Pay uses eligible stablecoin balances such as USDC and LiquidUSD directly, while Borrow Mode lets users keep their crypto holdings and borrow against them to fund card purchases.

Background

ether.fi originally built its ecosystem around Ethereum staking and later expanded into a broader non-custodial financial platform combining saving, borrowing, trading and payments. Cash is the payments component of that ecosystem and is designed to connect on-chain assets with traditional Visa infrastructure.

By 2026, ether.fi had expanded Cash into a broader crypto-neobank product. The platform added an integrated on-chain lending market, tokenized assets, fiat rails and a redesigned account system while retaining self-custody as a core feature. ether.fi said in August 2026 that it had more than 500,000 members and an annual transaction run rate of approximately $2 billion.

Terms and fees

The card is tied to ether.fi's membership system, which includes Core, Luxe, Pinnacle and VIP levels. Core is available to all Club members, while Luxe unlocks at 10,000 Loyalty Points and Pinnacle at 50,000 points. VIP is invitation-only.

Core members normally receive one free virtual card, although a $10 issuance fee applies in certain regions. A physical card costs $50 for Core members, including shipping. Luxe members receive one free physical card, while Pinnacle members receive two. Additional card fees depend on the membership level.

For foreign-currency transactions, ether.fi uses the applicable FX base rate and may add an additional markup. Core users can pay an added markup of up to 0.5%, Luxe users up to 0.25%, while Pinnacle and VIP have no additional ether.fi FX markup. EUR purchases have separate zero-FX-markup treatment.

ATM withdrawals are limited to $1,000 per transaction and a maximum of five withdrawals, or $5,000, within a rolling 24-hour period. ATM pricing and free-withdrawal benefits depend on membership level, with Pinnacle members currently receiving up to ten free withdrawals per month.

Key features

The most distinctive feature of ether.fi Cash is its Borrow Mode. Instead of selling crypto to pay for a purchase, users can use supported assets in their Vault as collateral and automatically borrow against them when the card is used. Interest accrues only on the borrowed amount, there is no fixed repayment schedule, and users can repay partially or in full whenever they choose.

Supported collateral includes assets such as wETH, USDC, USDT, EURC, ETHFI, eBTC, eUSD and weETH. Each asset has its own loan-to-value limit. For example, stablecoins including USDC, USDT and EURC currently have a 90% maximum LTV, while wETH has a 55% LTV. Because borrowing is over-collateralized, falling asset prices can reduce borrowing capacity and may eventually trigger liquidation.

Users who do not want to borrow can switch to Direct Pay Mode. In this mode, eligible assets are deducted directly from the Vault to cover purchases without creating a loan or accruing borrowing interest. USDC is currently used first, followed by LiquidUSD if additional funds are required.

Eligible card purchases also earn cashback in ETHFI. Core users currently receive 3% on the first $2,000 of qualifying monthly spending, Luxe members on the first $10,000 and Pinnacle members on the first $50,000. The rate then progressively declines at higher spending levels. Cashback becomes claimable after a seven-day lock period and requires at least $5 in claimable rewards before it can be withdrawn to the account.

Cash cards also support Apple Pay and Google Pay, contactless payments, custom spending limits and Visa Signature benefits. Depending on membership level, additional perks include category cashback, airport lounge access and travel benefits.

Eligibility

ether.fi Cash is available in a large number of supported jurisdictions across Europe, Latin America, Asia-Pacific, the Middle East and other regions. Availability of physical cards can differ by country, even where virtual cards are supported.

Applicants must complete identity verification and satisfy ether.fi's compliance requirements. Some features, card fees and issuance conditions vary by jurisdiction, so the final terms shown during onboarding may differ depending on the user's country of residence.

How to get the card

1. Create an ether.fi account and join ether.fi Cash.

2. Open the Cash section in the web or mobile app.

3. Select Add Card.

4. Complete the required KYC verification.

5. Create a virtual card and configure your preferred spending limits.

6. Choose between Direct Pay and Borrow Mode depending on how you want card purchases to be funded.

7. Add the card to Apple Pay or Google Pay if supported on your device.

8. Order a physical card if it is available in your region and membership tier.