Available for Canadians, although keep in mind that foreign transaction fees apply.
Purchases are made from your balance of USDC and USDT, so if you are buying in Canadian dollars you’ll be charged a fee. While there is a physical card available in Canada, currently, Etherfi is having troubles with their supply chain and so no physical cards are being mailed out right now.
The Ether.fi Cash Card is a crypto-native Visa card designed for people who want to spend using their cryptocurrency without converting it to fiat first. It works with both virtual and physical card formats and can be used anywhere Visa is accepted, including mobile wallets such as Apple Pay and Google Pay. The card is designed to integrate with Ether.fi’s ecosystem, enabling users to spend stablecoins directly or borrow against yield-bearing crypto assets.
Features and Rewards Structure
The Ether.fi Cash Card is non-custodial, meaning you retain control of your crypto assets in your own wallet. You can spend using supported stablecoins or borrow against collateral such as liquid-staked ETH or other yield-bearing tokens. When using borrow mode, your crypto continues to earn yield while serving as collateral.
The card offers cashback rewards that range from 2 percent to 3 percent on purchases, depending on your membership tier. Higher tiers also receive enhanced benefits and access to metal card options. Spending on the card additionally earns loyalty points that contribute toward advancing to higher membership tiers.
Both virtual and physical cards are available. The virtual card can be used immediately for online purchases or mobile wallet payments, while the physical card can be used for in-store transactions.
Benefits
The Ether.fi Cash Card allows users to maintain exposure to their crypto holdings while still conducting everyday spending. Because you can borrow against crypto or spend stablecoins directly, it removes the need for taxable crypto-to-fiat conversion events for routine purchases.
Cashback rewards of 2 percent to 3 percent make the card competitive with typical rewards cards. The card’s non-custodial structure allows users to keep full control of their crypto assets while still benefiting from the convenience of Visa payment rails. Integration with yield-bearing crypto also means assets can continue earning while being used as collateral.
Considerations and Drawbacks
Cashback percentages depend on membership tier, so users without higher status may earn lower rewards. Using borrow mode requires managing collateral and understanding liquidation risks. The card may include certain fees, such as foreign-exchange fees for international transactions. Availability may vary by region, and not all assets are supported for spending or collateral.
Who It’s For
The Ether.fi Cash Card is best suited for crypto users who want a seamless way to spend from their crypto wallet, maintain control of their assets, and potentially continue earning yield while using their funds for everyday purchases. It is ideal for individuals familiar with crypto wallets, DeFi concepts, and collateralized borrowing.