Ether.Fi Cash Card
VisahybridKYC: required
4.5 / 5
Net Reward4.8
Availability3.5
Custody & Risk3.5
Features4.8
UX4.9
Ether.fi Cash is a non-custodial Visa credit card for DeFi users that allows spending against crypto holdings without selling assets. Users can borrow against ETH, eETH, USDC, or USDT, earn yield, and spend globally at Visa locations through a unique 'borrow-on-swipe' model operating on the Scroll Layer-2 network.
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Slug: ether-fi-cash-card
Latest News
10% cashback for new sign-ups
December 12, 2025
Ether.Fi offering 10% cashback for new sign-ups until December 21, 2025.
3% cashback offer extended
August 5, 2025
Ether.fi has extended its 3% cashback offer on all purchases for all cardholders, including Core members, through December 31.
Mint, Spend, Earn program extended
July 7, 2025
Ether.fi has extended their 'Mint, Spend, Earn' program through July 31, offering up to 5x regular rates with ETHFI boost on all liquid vaults (BTC, ETH, and stables) plus 3% cashback on all spending.
3% cashback promotion
July 1, 2025
Ether.fi offering 3% instead of 2% cashback on the entry level card until the end of the month July.
Our Verdict
DeFi enthusiasts who want to leverage crypto holdings without disrupting investment strategy, Ethereum stakers using eETH or liquid staking tokens, crypto yield farmers maintaining exposure to yield-generating positions, and high-net-worth crypto investors needing significant spending capacity without liquidating digital assets.
Pros and cons
Pros
- Non-custodial design preserves user sovereignty over crypto assets
- Free Club membership with tier progression through loyalty points
- Progressive cashback rates up to 4% paid in wETH
- Continues earning yield on collateral while borrowing against it
- Global acceptance at over 100 million Visa locations
Cons
- Geographic restrictions limit availability
- Market volatility could lead to liquidation of collateral
- Full KYC requirements may deter privacy-focused users
- Progressive cashback rates decrease with higher monthly spending
- Interest on borrowed amounts accrues immediately with no grace period
Supported chains
BaseEthereumGnosisScroll
Supported cryptos
BTCETHUSDCUSDTeETHstETHwETHweETH
Fees
Annual: Free (all tiers)
Monthly: Free (all tiers)
Issuance: See card_tiers
Key Features
- Non-custodial design allows spending against crypto holdings without transferring assets
- Operates on Scroll L2 network with gasless transactions and smart contract infrastructure
- Tiered membership (Core, Luxe, Pinnacle, VIP) with increasing benefits and rewards
- Progressive cashback rewards of 3% to 4% paid in wETH (Wrapped Ethereum)
- Allows borrowing against yield-bearing assets while maintaining investment returns
- Two spending modes: Direct Pay (stablecoins) and Borrow Mode (collateralized)
- 4% APY interest on borrowed amounts with no late fees or required minimum payments
- Visa Signature benefits including purchase protection up to $10,000
- Integration with broader Ether.fi ecosystem (staking, yield farming)
- Can automatically direct staking rewards to cover card balances
Limitations
- Not available in all regions (restricted in certain countries and US states)
- Requires active collateral management to prevent liquidation during market downturns (if borrow mode is used)
- Full KYC verification required for all users
- Progressive cashback rates decrease with higher monthly spending
- Interest on borrowed amounts accrues immediately with no grace period
- Currently only supports USD as base currency (Euro support planned)
- Airport lounge access requires $32 per person fee unless complimentary visits allocated
- Physical card delivery takes 15+ business days for standard shipping
Risks
- MarketCrypto collateral volatility could lead to liquidation of assetsMarket volatility could lead to liquidation of collateral
- CounterpartyCollateral may be affected if tied to platform smart contracts if provider disappearsIf provider disappears, user retains access to unspent/uncollateralized assets; collateral may be affected if tied to platform smart contracts
- MarketCashback paid in volatile wETH tokensRating slightly penalized for payout in volatile WET tokens
Rewards & Cashback
Notes: Cashback automatically credited to user's Vault on a monthly basis. May be adjusted or withheld for policy violations or abuse.
Cashback Cap: Progressive rates decrease with higher spending: Core 3% on first $2K, 1% on $2K-$3K, 0.5% above $3K
Reward Token: wETH (Wrapped Ethereum)
Cashback Rate: Up to 3% (Core/Luxe/Pinnacle) or up to 4% (VIP) - progressive structure based on monthly spend
Excluded Transactions:gambling, financial transfers
Spending Limits
Notes: Fiat↔Crypto Transfer Limits: Core: $10K/mo; Luxe: $50K/mo; Pinnacle: $200K/mo; VIP: Custom limits
Atm Daily: $250 per withdrawal, maximum 3 attempts per rolling 24-hour period
Daily Spending: Core: $30,000; Luxe: $50,000; Pinnacle: $100,000; VIP: Custom limits
Top-Up Methods
Crypto deposit to Gnosis Safe walletDirect stablecoin spending (USDC, USDT, LiquidUSD)Collateralized borrowing against yield-bearing assets
Banking & Financial Services
Global wire transfers available. Fiat↔Crypto transfers with tiered limits and fees.
Credit & Loan Products
Loan Products
Borrow Mode - automatically borrow USDC against collateral at point of purchase
LTV Tiers
wETH: 55% LTV; weETH: 55% LTV; eBTC: 52% LTV; USDC: 90% LTV; USDT: 90% LTV; ETHFI: 20% LTV; SCR: 20% LTV; eUSD: 80% LTV; LiquidETH: 50% LTV; LiquidBTC: 50% LTV; LiquidUSD: 80% LTV
Interest Rates
4% APY (compounds continuously)
No late fees or required minimum payments. Interest accrues immediately with no grace period. Collateralized debt position model with dynamic collateral ratio based on asset volatility.
Security Features
Features: Non-custodial structure with Gnosis Safe wallet,On-chain spend limits,Instant card freezing via app,Visa Zero Liability protection,Zero-knowledge technology on Scroll L2
Insurance: Optional Nexus Mutual coverage available for smart contract risk; Visa Signature protections: Purchase Protection up to $10,000, Extended Warranty up to $10,000, Price Protection up to $2,000, Auto-rental Collision Damage Waiver worldwide
Custody Partners: Gnosis Safe
Mobile Wallet Support
Apple PayGoogle PayiOSAndroid
Best For
DeFi enthusiasts who want to leverage crypto holdings without disrupting investment strategy, Ethereum stakers using eETH or liquid staking tokens, crypto yield farmers maintaining exposure to yield-generating positions, and high-net-worth crypto investors needing significant spending capacity without liquidating digital assets.
Custody Model
hybridUsers control private keys via their own Gnosis Safe wallet. For Direct Pay, funds are spent directly from user-controlled assets. For Borrow Mode, assets are locked as collateral but remain in user's Safe; spending uses borrowed stablecoins.
Risk: If provider disappears, user retains access to unspent/uncollateralized assets; collateral may be affected if tied to platform smart contracts.
Card Issuer & Compliance
Issuer Name: Regulated financial entity in partnership with Ether.fi
Kyc Required: true
Availability
Available in 175 countries. Restricted in 20 countries. US: Partial availability (30 states). Key regions missing: Netherlands, South Korea, Hong Kong, India, Turkey. US states not available: Arizona, Delaware, Georgia, Idaho, Louisiana, Maryland, Missouri, Montana, Nevada, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, South Dakota, Utah, Vermont, Washington, Wisconsin, Wyoming.
Card Tiers
Core
PhysicalPlastic (Blue gradient)
All Club members
Fees
Issuance: $40 refundable deposit (refunded if upgrade to Luxe within 12 months)
Monthly: Free
VisaApple PayGoogle Pay
Cashback: 3% on first $2,000; 1% on $2,001-$3,000; 0.5% above $3,000
Seasonal rewardsPriority supportUp to 65% off luxury hotelsReferral rewards (1% cashback + 10% points)Airport companion lounge accessConciergeFamily member cards with controls
Luxe
PhysicalMetal (Dark blue)
Level unlocked at 10K Loyalty Points or 15,000 staked ETHFI
Fees
Issuance: Free
Monthly: Free
VisaApple PayGoogle Pay
Cashback: 3% on first $10,000; 1% on $10,001-$20,000; 0.5% above $20,000
Seasonal rewardsPriority supportCrypto conference lounge accessUp to 65% off luxury hotelsReferral rewards (1% cashback + 10% points)Airport companion lounge accessConciergeFamily member cards with controls
Pinnacle
PhysicalMetal (Black)
Level unlocked at 50K Loyalty Points or 100,000 staked ETHFI
Fees
Issuance: Free
Monthly: Free
VisaApple PayGoogle Pay
Cashback: 3% on first $50,000; 1% on $50,001-$80,000; 0.5% above $80,000
Seasonal rewardsPriority supportCrypto conference lounge accessEvent passesCrypto conciergeUp to 65% off luxury hotelsReferral rewards (1% cashback + 10% points)Airport companion lounge accessConciergeFamily member cards with controls
VIP
PhysicalMetal (Gold)
Invitation only
Fees
Issuance: Free
Monthly: Free
VisaApple PayGoogle Pay
Cashback: 4% on first $50,000; 2% on $50,001-$80,000; 1% above $80,000
Seasonal rewardsPriority supportCrypto conference lounge accessEvent passesCrypto conciergeExclusive hotel discountsReferral rewards (1% cashback + 10% points)Ventures AccessAirport companion lounge accessConciergeFamily member cards with controls
Token Economics
ETHFIon Ethereum/Scroll
Referral: 1% cashback on referrals' purchases plus 10% of their loyalty points
Merchant Restrictions
Gambling merchants- Blocked transactions for certain merchant categories
Financial transfers- Blocked transactions for certain merchant categories
User Ratings
4.9/5.0 (84 ratings)
App Store
Positive reception of non-custodial model and high cashback rates; appreciation for free Club membership with tier progression; initial learning curve for collateral management
Roadmap & Updates
Planned Features:
- Euro currency support
- Option to direct yield from staked assets toward loan repayment
Recent Updates:
- Announced September 9, 2024; shipping began September 16, 2024
Conclusion
The Ether.fi Cash Card represents a significant innovation in bridging decentralized finance with everyday spending. Its non-custodial approach sets it apart from most competitors in the crypto card space, allowing users to maintain full ownership of their assets while accessing their value for purchases. The card's integration with Ether.fi's broader ecosystem provides unique synergies for users already engaged in staking or yield farming. The ability to maintain yield-generating positions while simultaneously borrowing against them creates a compelling value proposition, especially for those deeply embedded in the crypto economy. While Ether.fi Cash requires active collateral management and faces some geographic limitations, it represents one of the most sophisticated attempts to bridge the gap between crypto wealth and real-world utility.
Card launched: Announced September 9, 2024; shipping began Septem
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