Overview
ether.fi Cash is a Visa card from the ether.fi ecosystem aimed at users who want their crypto to keep working for them while they spend it. Unlike a typical crypto debit card that requires you to top up a custodial balance, ether.fi Cash is non-custodial: your collateral stays in your own wallet, and each transaction is funded by borrowing against it rather than selling. That structure lets you spend globally without realizing a taxable gain and without giving up self-custody. The card is accepted anywhere Visa is, and physical cards ship as a metal card that's noticeably heavier than a regular bank card.
Who ether.fi Cash is best for
ether.fi Cash is best for users who already hold meaningful ETH or stablecoin balances and want a clean way to spend them without selling or moving them to a custodial wallet. If you live in USD or EUR and you want to defer taxable events on your crypto, this is one of the cleanest options on the market. If most of your assets sit on a centralized exchange and you rarely move them on-chain, the appeal is weaker.
Fees, in detail
ether.fi Cash charges 0% FX fees on USD and EUR spending and 1% on all other currencies, which is among the lowest in the market. There is no monthly or annual fee on any tier. Spending uses the daily Visa exchange rate without any additional markup beyond the 1% non-base-currency fee. ATM withdrawal limits and borrowing interest rates vary by tier — check the in-app rate sheet at sign-up.
Cashback and rewards
Every transaction earns 3% cashback paid in wETH (wrapped Ether). Cashback is credited automatically — there are no spending categories, rotating offers, or caps. Because the payback is in wETH rather than a proprietary card token, its value is tied to the broader Ethereum market rather than the card issuer's continued operation. For active spenders this is one of the highest consistent cashback rates available without paying for a premium tier.
Standout features
- No annual fee on any tier
- Non-custodial / DeFi-native (Visa)
- Borrow USD against crypto collateral and spend in one tap
- Up to 4.6% APY on the connected stablecoin vault
- Apple Wallet and Google Wallet supported
- Accepted at 100M+ Visa merchants worldwide
Pros
- Generous flat 3% cashback paid in wETH on every purchase
- Truly non-custodial — your crypto stays in your own wallet
- No annual fee and no spending categories to optimize
- Strong yield (~4.6% APY) on the connected stablecoin vault
Cons
- Sign-up goes through ether.fi's website with a Google account, then the app
- Cashback is in wETH, so its USD value moves with ETH's price
- Less attractive if you don't already hold ETH or stablecoins
How to sign up
Tap the Sign Up button on this page — it opens our referral link to ether.fi's website. Sign up with your Google account, complete the standard KYC, then download the ether.fi mobile app. Order your physical card from inside the app once your account is funded.
Frequently asked questions
Is ether.fi Cash custodial?
No. Your ETH and stablecoins stay in your own self-custody wallet. Each card transaction is funded by borrowing against your collateral, so the card issuer never holds your underlying assets.
How much cashback does ether.fi Cash pay?
A flat 3% on every purchase, paid in wETH. There are no spending categories, no rotating offers, and no caps — every card you order earns the same rate.
What FX fees does ether.fi Cash charge?
0% on USD and EUR transactions; 1% on all other currencies. This is among the lowest FX fees on the market for a crypto card.
Is there an annual fee?
No. There is no monthly or annual fee on any ether.fi Cash tier.
Do I need to complete KYC?
Yes. Like all regulated payment products, ether.fi Cash requires identity verification before card issuance.
