XPlace Card
VisahybridKYC: required
3.5 / 5
Net Reward3.3
Availability3.5
Custody & Risk3.5
Features4.0
UX3.5
XPlace Card is a Visa crypto-backed credit card offering non-custodial borrowing on Solana. Users can spend crypto without selling assets, earn DeFi yields up to 16% APY, and enjoy 0% APR on purchases while maintaining full control of their funds through self-custody smart contracts.
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Slug: xplace-card
Our Verdict
Crypto holders who want to spend digital assets without triggering tax events, DeFi users seeking to maintain yield generation while accessing credit, international travelers needing zero foreign transaction fees, and high-net-worth individuals who can justify premium tier fees for exclusive perks and high limits.
Pros and cons
Pros
- Non-custodial design preserves user control of private keys
- Earn DeFi yields while using crypto as collateral
- Zero foreign transaction fees across all tiers
- Real-time USDC cashback with no caps disclosed
- High spending limits up to $1M monthly for Platinum
- Spend crypto without triggering taxable events (borrow against holdings)
- Mirror metal Platinum card with premium travel benefits
- No staking requirements for tier upgrades (fee-based only)
- Self-custody architecture - users maintain private keys
Cons
- Limited to Solana blockchain assets only
- High annual fees for premium tiers ($1K-$5K)
- ATM withdrawals not supported
- 2.5% origination fee for first credit line usage
- Restricted in major markets including Russia and Belarus
Supported chains
Solana
Supported cryptos
BTCETHSOLUSDCUSDTwBTCwETH
Fees
Annual: See card_tiers ($0 - $5,000)
Atm Uk: Not supported
Issuance: See card_tiers
Atm Non Uk: Not supported
Crypto Withdrawal: $0 (plus Solana gas ~$0.01)
Purchase Transaction: $0
Key Features
- Non-custodial crypto-backed credit card with 0% APR on purchases
- Earn DeFi yields (up to 16% APY) on deposited crypto collateral
- Real-time USDC cashback (0.5-2%) and zero foreign transaction fees
- Available in 160+ countries with four membership tiers
- Supports 30+ Solana-based assets including SOL, BTC, ETH, and stablecoins
- Spend crypto without triggering taxable events (borrow against holdings)
- Self-custody architecture - users maintain private keys
- High spending limits (up to $1M/month for Platinum)
- No staking requirements for tier upgrades (fee-based only)
- XP Loyalty Program with future token airdrop allocation
Limitations
- ATM withdrawals not supported
- Limited to Solana blockchain assets only
- High annual fees for premium tiers ($1K-$5K)
- 2.5% origination fee when first using credit line
- Cash advances not supported
- Cashback only applies in Borrow Mode, not Debit Mode
Risks
- RegulatoryRestricted in several countries including Russia, Belarus, and parts of UkraineCuba, Iran, North Korea, Syria, Russia, Belarus, Afghanistan, parts of Ukraine (Crimea, Donetsk, Luhansk), Venezuela, Zimbabwe, and other OFAC-sanctioned territories
- MarketCredit lines adjust dynamically with market prices, and liquidation protocols protect against undercollateralizationVolatile assets have lower LTV (30-40% for meme coins)
- CounterpartyWhen spending, converted USDC is held by the card issuer (Third National), creating counterparty risk for spent fundsUSDC is held by the card issuer; only converted funds depend on provider
Rewards & Cashback
Notes: Real-time USDC cashback. Additional XP points earned on card spending, trading, deposits, and referrals for future token allocation.
Cashback Cap: No caps disclosed
Reward Token: USDC
Cashback Mode: Borrow Mode (credit) purchases only
Cashback Rate: 0.5% - 2% USDC depending on tier
Interest On Balance: Up to 16% APY on deposited crypto collateral
Excluded Transactions:Debit Mode purchases
Eligibility Requirements: Cashback only applies when using Borrow Mode (credit line). Debit Mode spending with prepaid USDC does not earn rewards.
Spending Limits
Notes: Limits are expected to increase in 2026. High-stability assets (USDC, USDT): Up to 70% LTV. Major cryptocurrencies (SOL, BTC, ETH): 50-60% LTV. Volatile assets (meme coins): 30-40% LTV.
Atm Daily: Not supported
Atm Monthly: Not supported
Credit Line Max: 30-70% of deposited crypto value depending on asset volatility
Per Transaction: $5,000 - $50,000 depending on tier
Monthly Spending: $25,000 - $1,000,000 depending on tier
Top-Up Methods
Crypto deposit as collateral via self-custody smart contract
Processing Time: Instant via XPlace app (connect wallet, transfer assets)
Credit & Loan Products
Loan Products
Borrow Mode - credit line against crypto collateral
LTV Tiers
High-stability assets (USDC, USDT): Up to 70% LTV. Major cryptocurrencies (SOL, BTC, ETH): 50-60% LTV. Volatile assets (meme coins): 30-40% LTV.
Interest Rates
0% APR on purchases
Users can borrow 30-70% of deposited crypto value depending on asset volatility. Credit lines adjust dynamically with market prices, and liquidation protocols protect against undercollateralization. 2.5% one-time origination fee when first using credit line.
Security Features
Features: Non-Custodial Architecture - users maintain private keys through the app,Smart Contract Security - Solana-based contracts manage collateral and credit lines,Transaction Monitoring - Rain platform blocks prohibited merchant categories,KYC/AML - Standard identity verification and ongoing transaction monitoring,Card Controls - Freeze/unfreeze, PIN changes, and mode switching via app
Mobile Wallet Support
Apple PayGoogle PayiOSAndroid
Best For
Crypto holders who want to spend digital assets without triggering tax events, DeFi users seeking to maintain yield generation while accessing credit, international travelers needing zero foreign transaction fees, and high-net-worth individuals who can justify premium tier fees for exclusive perks and high limits.
Custody Model
hybridUsers control private keys to their crypto via self-custody smart contracts. When spending, collateral is locked and converted to USDC at transaction time; USDC is held by the card issuer. Users keep access to unspent crypto; only converted funds depend on provider.
Risk: While users maintain private keys through the app, converted USDC at point of sale is held by the card issuer, creating counterparty risk for spent funds.
Card Issuer & Compliance
Issuer Name: Third National (affiliate of Signify Holdings, Inc.)
Kyc Required: true
Issuer License: Third National provides BIN sponsorship and issuer compliance
Platform Licenses: United States: Subject to CFPB oversight, Regulation Z, and Military Lending Act protections,European Union: Compliance managed through issuer partnerships and GDPR requirements,Nigeria: Local services provided by Odoakpu Microfinance Bank (CBN licensed),Global: Third National provides BIN sponsorship and issuer compliance
Availability
Available in 173 countries. Restricted in 23 countries including United States, Russia, Cuba, Iran, North Korea, Syria, Belarus, Afghanistan, parts of Ukraine (Crimea, Donetsk, Luhansk), Venezuela, and other OFAC-sanctioned territories. Key regions missing: United States, Hong Kong, Mexico.
Card Tiers
Basic
PhysicalStandard plastic
Monthly Limit: $25,000
VisaApple PayGoogle Pay
Cashback: 0.5% USDC
ATM Free: Not supported
FX Free: Unlimited (0% FX fee)
APR: 0%
Silver
PhysicalStandard plastic
Monthly Limit: $50,000
VisaApple PayGoogle Pay
Cashback: 1% USDC
ATM Free: Not supported
FX Free: Unlimited (0% FX fee)
APR: 0%
Gold
PhysicalPremium plastic
Monthly Limit: $250,000
VisaApple PayGoogle Pay
Cashback: 1.5% USDC
ATM Free: Not supported
FX Free: Unlimited (0% FX fee)
APR: 0%
4 free airport lounge visits per year4 free airport Fast Track passes per year5% discount on hotels and flights
Platinum
PhysicalMirror metal
Monthly Limit: $1,000,000
VisaApple PayGoogle Pay
Cashback: 2% USDC
ATM Free: Not supported
FX Free: Unlimited (0% FX fee)
APR: 0%
12 free airport lounge visits per year12 free airport Fast Track passes per year10% discount on hotels and flights24/7 Platinum Concierge serviceAccess to 1,400+ lounges globallyPriority dispute handling
Token Economics
XPlace Tokenon Solana
Referral: 15-25% of referred users' rewards depending on tier
User Ratings
3.5/5.0 (35 ratings)
Google Play
5.0/5.0 (1 ratings) - not counted
App Store
Roadmap & Updates
Expansion: 2026 for limit increases; no specific timeline for additional blockchain support
Planned Features:
- Increase spending limits in 2026
- Expand supported cryptocurrencies
- Potential additional blockchain support beyond Solana
Recent Updates:
- Token Generation Event (TGE) expected Q4 2026 with 40% of total token supply allocated to XP holders
Conclusion
XPlace Card stands out as the first non-custodial crypto credit card, enabling users to spend digital assets without triggering taxable events while continuing to earn DeFi yields. The platform's 0% APR, zero foreign transaction fees, and real-time USDC cashback create compelling value for crypto holders, though the Solana-only limitation and high premium tier fees may restrict its appeal. The card is best suited for active crypto users who prioritize maintaining custody of their assets while accessing traditional payment infrastructure. The upcoming token airdrop based on XP points adds additional incentive for early adoption, though users should weigh the annual fees against their expected usage and rewards.
Card launched: Late 2025 (October-November)
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