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Rewards hunterPrevious issuer: Metropolitan Commercial Bank (Member FDIC). BitPay is transitioning to a new banking partner (not yet disclosed).mastercard● Live

BitPay Card

Prepaid Mastercard for US residents converting 15+ cryptocurrencies to an FDIC-insured USD balance.

The BitPay Card is a prepaid Mastercard debit card for U.S. residents to convert cryptocurrency into USD for everyday spending. BitPay has paused new applications during a banking partner transition; a waitlist is available for updates.

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Best for

US residents needing to spend crypto with an FDIC-insured USD balance.

Skip if

You need a card now, as new applications are currently paused.

Network
mastercard
Custody
hybrid
KYC
full
Max cashback
15%
Min monthly fee
$0
Apple Pay
Yes
Google Pay
Yes
Physical card
Yes

The verdict

What we like
  • No monthly maintenance fees.
  • Instant conversion of 15+ cryptocurrencies to USD.
  • FDIC insurance on USD balances up to $250,000.
  • Instant virtual card with Apple Pay & Google Pay.
  • Up to 15% cashback at select merchants.
Watch outs
  • 3% fee on all international purchases.
  • $5 monthly fee after 90 days inactivity.
  • No monthly fees, but a $5 inactivity fee after 90 days.
  • FDIC insurance up to $250,000 on USD, but each conversion is taxable.
  • No-fee domestic purchases, but a 3% fee for international transactions.

Basic information

Card Type: Prepaid Mastercard debit card Issuer: Metropolitan Commercial Bank (previous); transitioning to a new partner. Network: Mastercard Availability: U.S. residents only (all 50 states). New applications are currently paused. Key Feature: Instantly convert 15+ cryptocurrencies to a USD balance for spending.

Fees

Issuance Fee: $0 Monthly Fee: $0 Inactivity Fee: $5 per month after 90 days of no activity. Domestic Transactions: $0 International Transactions: 3% currency conversion fee. ATM Withdrawal (US): $2.50 ATM Withdrawal (International): $2.50 + 3% currency conversion fee. Card Replacement: $10 (standard), $30 (expedited).

Spending & ATM limits

Notes
Maximum card balance: $25,000. Daily load limit: $10,000.
Atm Daily
$2,000 per withdrawal (max 3 withdrawals/$6,000 total)
Atm Monthly
$25,000
Daily Spending
$10,000

Features

Virtual Card: Yes, available instantly upon approval. Mobile Wallets: Compatible with Apple Pay and Google Pay. Supported Crypto: ~15 assets including BTC, ETH, LTC, DOGE, SHIB, XRP, and multiple stablecoins. Top-Up Method: Convert crypto to USD to load the card balance via the BitPay app. Insurance: USD funds on the card were FDIC-insured up to $250,000. Staking: No staking requirements for any benefits.

Rewards

**Cashback Program**: Targeted merchant cashback through a partnership with Cardlytics. **Rate**: Up to 15% at select participating retailers. **Universal Cashback**: None. Rewards are merchant-specific and not applied to all purchases. **Referral Program**: $10 bonus for referring new users who activate and load their card.

Availability

U.S. residents only (all 50 states). The card functioned identically in all U.S. jurisdictions with no regional variations in features, fees, or benefits.

Top-up & funding

  • Cryptocurrency conversion via BitPay app
  • Direct Coinbase account linking

Funds appear as USD on card balance within seconds after blockchain confirmation

Security & custody

  • Two-factor authentication (2FA) for account login
  • PIN code for ATM and debit transactions
  • EMV chip card for secure in-person transactions
  • Contactless payment capability
  • Ability to instantly lock card via app if lost or stolen
  • Transaction monitoring for fraud prevention
  • Uses Onfido for document and facial verification

Risk note. Once funds are converted and loaded onto the card as USD, the user no longer holds the private keys. Unconverted crypto remains in the user's control.

Mobile wallets

Apple Pay Supported
Google Pay Supported
Samsung Pay Not supported

Card tiers

BitPay Prepaid Mastercard

Cashback
Up to 15% at participating merchants
Card material
Standard plastic with EMV chip and contactless tap
Issuance fee
$0 (free for both virtual and physical)
Requirements
U.S. resident, 18+ years old, KYC verification
  • Virtual card available immediately upon approval
  • Physical card ships within 7-10 business days
  • Separate virtual and physical card numbers
  • Worldwide Mastercard acceptance
  • FDIC insurance on USD balances up to $250,000

Risks & limitations

Risks
  • CounterpartyBanking partner transition - previous issuer Metropolitan Commercial Bank exited cryptocurrency business
  • CounterpartyHistory of card program discontinuations due to banking partner changes
  • CounterpartyIf provider disappears, unspent USD on card may be lost
  • RegulatoryEach cryptocurrency conversion is a taxable event
Limitations
  • majorNew applications currently paused during banking partner transition
  • majorNo published timeline for program relaunch
  • majorU.S. residents only, not available internationally
  • moderateNo universal cashback on all purchases - rewards are merchant-specific
  • moderate3% currency conversion fee on international purchases
  • moderate$5 monthly inactivity fee after 90 days of no usage
  • moderateEach crypto conversion creates a taxable event requiring record-keeping
  • minorPrepaid card limitations for hotel holds and car rentals

Roadmap

Recently shipped
  • BitPay Wallet downloads surpassed 12.4 million globally
  • Support for 22 new cryptocurrencies added to the platform
  • Achieved WalletConnect Certification in 2025
  • Added support for Solana-based tokens in 2025
Planned
  • Relaunch of improved card program following transition to new banking partner
  • Specific enhancements have not been detailed

Best suited for

Crypto income earners who receive payments in cryptocurrency, active crypto traders who need quick access for spending, U.S. residents who need a USD spending solution for their crypto, and frequent spenders who want to use crypto assets without exchange-to-bank delays.

Our verdict

The BitPay Card stood out as a reliable and straightforward solution for U.S. cryptocurrency holders looking to spend their digital assets in everyday life. Its main strengths lay in its zero domestic fees, immediate conversion capabilities, and seamless integration with the BitPay ecosystem. While the previous program ended in June 2023, BitPay is working to relaunch an improved card program. The card's reliability and FDIC insurance on USD balances made it a cornerstone option for U.S. crypto spenders.

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