CoinsOnCards
All cards
Pera Card (Algorand) logo
DeFi maxiMonavate UAB (under Immersve's license)mastercard● Live

Pera Card (Algorand)

A non-custodial, virtual Mastercard for spending USDC from a user-controlled Algorand smart contract.

Pera Card is a virtual, prepaid Mastercard for Algorand users, allowing direct spending of USDC (USDCa) at Mastercard merchants through Apple Pay and Google Pay, without giving up control of funds.

Get this card

Affiliate link — CoinsOnCards may earn a commission. Reviews are independent. How we rate.

Best for

Algorand users wanting non-custodial USDC spending with 2.00% cashback via Apple/Google Pay.

Skip if

You need a physical card, ATM access, or want to spend assets besides USDCa.

Network
mastercard
Custody
self custodial
KYC
full
Max cashback
2%
Min monthly fee
$0
Apple Pay
Yes
Google Pay
Yes
Physical card
Yes

The verdict

What we like
  • Self-custodial design via user-controlled smart contracts.
  • No monthly fees or purchase transaction fees.
  • 2.00% cashback in USDC on purchases >5 USDC.
  • Accepted at 70+ million Mastercard-network merchants.
  • Low-fee (~0.001 ALGO) smart contract settlement.
Watch outs
  • Virtual card only; no physical card option.
  • Only supports USDC on the Algorand chain.
  • No cashback on purchases under 5 USDC.
  • Get 2.00% USDC cashback, but only on purchases over 5 USDC.
  • Gain self-custodial control via smart contracts, but only for USDC on Algorand.
  • Spend globally via Mastercard-network, but only with a virtual card (no ATM access).

Basic information

{"card_name":"Pera Card","card_network":"Mastercard","card_type":"Virtual, Prepaid Debit Card","launch_date":"May 15, 2025 (BETA)","issuer":"Monavate UAB (under Immersve's license)","card_format":"Virtual Mastercard only","status":"BETA"}

Spending & ATM limits

Notes
Daily Load Limit: $5,000. Annual Load Limit: $100,000. Annual Spend Limit: $100,000. Spending is limited to available USDCa balance in the smart contract. No specific transaction frequency limits have been disclosed.
Atm Daily
Not supported
Atm Monthly
Not supported
Daily Spending
$20,000

Rewards

TierRateUp to
Standard2%—

Availability

Beta access in 38 eligible countries including Europe, Australia, New Zealand, and Canada. Ongoing rollouts include Poland, Netherlands, and Portugal. Restricted in 7 countries (Belarus, Cuba, Iran, North Korea, Russia, Syria, Venezuela).

Top-up & funding

  • Algorand USDC (USDCa) via Pera Wallet app using smart contract interface

Instant (~4 second block finality on Algorand)

Security & custody

  • Non-custodial model - users control private keys
  • Card linked to user-controlled Algorand smart contract account
  • Biometric/PIN lock options
  • Tokenized storage for Apple Pay/Google Pay
  • Device encryption
  • Open-source wallet codebase

Risk note. Unlike traditional bank cards, funds are not covered by deposit insurance, but users maintain control via private keys.

Mobile wallets

Apple Pay Supported
Google Pay Supported
Samsung Pay Not supported

Card tiers

Standard

Cashback
2.00% on eligible purchases over 5 USDC
Card material
Virtual only
ATM free
Not supported
Issuance fee
Free
Requirements
Only tier available during BETA phase
  • Smart contract-based settlement
  • Non-custodial design
  • Exclusive Pera Card NFT (country-specific)
  • Carbon-negative blockchain

Risks & limitations

Risks
  • MarketBETA status with no official general release date announced
  • CounterpartyNo deposit insurance coverage
Limitations
  • moderateCurrently in BETA phase (launched May 15, 2025) - no official general release date announced
  • moderateVirtual card only - no physical card option available
  • moderateOnly supports Algorand USDC (USDCa); other assets must be converted first
  • moderateCannot be used for ATM cash withdrawals
  • minorGeographic limitations - availability determined by eligibility checker during rollout
  • minorMinimum cashback threshold - purchases must exceed 5 USDC to earn rewards
  • minorFunds are not covered by deposit insurance

Roadmap

Recently shipped
  • BETA launch on May 15, 2025

Best suited for

Algorand ecosystem participants who value self-custody and transparency, privacy-focused users who want to maintain control of their crypto while spending it, USDC holders looking for a direct spending method without bank transfers, and mobile wallet users comfortable with virtual cards and Apple/Google Pay integration.

Our verdict

Pera Card is a non-custodial spending solution for Algorand users, offering 2.00% USDC cashback. It bridges DeFi and traditional payments via smart contracts, but is limited by its BETA status, virtual-only format, USDCa-only support, and lack of ATM access. It's best for Algorand users prioritizing self-custody and mobile payments.

Ready to apply for the Pera Card (Algorand)?

We may earn a commission if you apply through this link. Our reviews remain independent.

Visit official site