Etherfi Cash Card

ether.fi Cash Card is a Visa credit card integrated with the ether.fi DeFi platform. It allows users to spend supported stablecoins directly or borrow against cryptocurrency holdings without selling their underlying assets.

The card connects to a non-custodial ether.fi Vault and offers two spending modes. Direct Pay deducts eligible assets from the user's balance when a purchase is made. Borrow Mode uses deposited cryptocurrencies as collateral to finance purchases, with interest accruing on the resulting loan.

Users can switch between these modes in the app. Borrow Mode carries liquidation risk, while Direct Pay avoids borrowing interest.

The card is available in virtual and physical formats, with Apple Pay and Google Pay support. It operates through the Visa network and includes additional benefits depending on the user's ether.fi membership level.

Supported assets

The cryptocurrencies available for spending depend on the selected payment mode.

Direct Pay supports eligible stablecoins and related assets, including USDC, USDT, EURC, frxUSD, liquidUSD, liquidReserve, liquidEUR and LiquidRWA. Users can configure spending priority in the app.

Borrow Mode supports a wider selection of collateral assets, including WETH, weETH, eBTC, ETHFI, sETHFI and selected DeFi tokens alongside stablecoins.

Borrowing capacity depends on each asset's loan-to-value ratio. For example, the current Aave-based lending infrastructure lists a maximum product LTV of 81% for USDC and USDT, 55% for WETH and weETH, and 52% for eBTC.

These ratios determine borrowing capacity rather than liquidation thresholds. Users must maintain sufficient collateral to avoid forced liquidation.

ether.fi also supports crypto deposits across multiple networks. The exact assets and chains available for deposits are displayed in the app.

Fees

The Core membership is free, and the first virtual card is free in most supported regions. However, users in certain countries must pay $10 for their first virtual card.

Additional virtual cards generally cost $10 each. Physical card fees depend on the membership level, with a $50 charge listed for Core users. Higher membership tiers include complimentary physical cards, although additional cards may incur charges.

ether.fi does not charge a deposit fee for supported cryptocurrency transfers. Blockchain gas fees apply separately.

For transactions requiring currency conversion, the platform applies a prevailing FX base rate of approximately 1%, with an additional markup depending on membership:

• Core — 0% to 0.5%.

• Luxe — 0% to 0.25%.

• Pinnacle — no additional markup.

• VIP — no additional markup.

Purchases charged directly in EUR qualify for a separate zero-FX-markup arrangement, currently described as a beta feature.

Direct Pay does not incur borrowing interest. Borrow Mode uses a variable lending rate that begins accruing immediately and compounds continuously. There is no interest-free grace period. The current borrowing rate is displayed in the app.

ATM withdrawals and limits

Physical ether.fi Cash Cards support ATM withdrawals in eligible jurisdictions.

The standard ATM limits are:

• $1,000 per withdrawal.

• Up to five withdrawals within a rolling 24-hour period.

• Maximum $5,000 withdrawn within that period.

Standard ATM and network fees may apply. Pinnacle and VIP membership benefits include up to 10 fee-free ATM withdrawals per month, although independent ATM operators may still charge separately.

The platform also provides customizable card and Vault spending limits.

Borrow Mode spending capacity depends on available collateral and the applicable lending parameters. Direct Pay transactions are limited by the available balance of eligible spending assets.

Cashback and rewards

ether.fi Cash offers tier-based cashback on eligible card purchases, paid in ETHFI.

Current rewards depend on membership level and monthly spending:

• Core — 3% on the first $2,000 spent monthly, 1% on the next $1,000 and 0.5% afterward.

• Luxe — 3% on the first $10,000, 1% on the next $10,000 and 0.5% afterward.

• Pinnacle — 3% on the first $50,000, 1% on the next $30,000 and 0.5% afterward.

• VIP — up to 4% on the first $50,000 in eligible monthly spending.

EUR-denominated purchases have separate, lower cashback thresholds. Cashback tiers apply progressively rather than to an entire month's spending at a single rate.

Rewards are converted into ETHFI after the transaction settles and become claimable following a seven-day lock period. A minimum of $5 in accumulated cashback is required to claim rewards.

ATM withdrawals, financial transfers, cryptocurrency purchases, gambling and certain other merchant categories are excluded.

Higher memberships also provide category-based rewards. Luxe offers 10% on selected subscriptions up to $10 monthly, Pinnacle offers 20% up to $20, and VIP offers 30% up to $30.

Users can access higher membership tiers through loyalty points, eligible asset holdings or annual subscriptions. Paid membership options include Luxe at $199 annually and Pinnacle at $999 annually.

Availability and mobile payments

ether.fi Cash Card is available in numerous countries across Europe, Asia, Latin America, North America and Oceania.

Supported jurisdictions include Australia, Canada, Germany, France, Singapore, the UAE and the United Kingdom. The card is also available in selected US states.

Eligibility depends on residence and successful identity verification. Users must complete KYC before obtaining a card.

The Vault uses a non-custodial smart-contract-based infrastructure. However, collateral deposited into lending markets remains exposed to smart contract, market and liquidation risks.

Both Apple Pay and Google Pay are supported. Physical cards also provide contactless payments and access to eligible Visa Signature benefits, including concierge services and selected purchase protections.

How to get the ether.fi Cash Card

1. Visit ether.fi or download the official app.

2. Create an account and complete identity verification.

3. Open the Cash section and check regional eligibility.

4. Create or access the non-custodial Vault.

5. Deposit supported cryptocurrencies or stablecoins.

6. Apply for a virtual Visa card and review any regional issuance fee.

7. Select Direct Pay or Borrow Mode.

8. Configure spending priority, limits and card security settings.

9. Add the card to Apple Pay or Google Pay, or order a physical card.