A crypto card with two very different ways to spend.
Ether.fi Cash can use eligible stable-value assets directly or borrow against collateral. That flexibility is the product’s main distinction—and the reason its costs and risks need to be understood before the rewards.
Referral link. Galeora may receive a benefit if an eligible user joins through it. The link is separate from our assessment and does not guarantee eligibility or a reward.
Direct Pay
Published documentation says purchases can draw from eligible USDC or LiquidUSD balances without borrowing interest. Crypto is converted at the point of sale.
Borrow against collateral
Borrow mode keeps supported assets in the vault while funding purchases with a loan. Interest and collateral-management risks apply.
0% provider FX markup in beta
The dedicated EUR page publishes zero added markup when a merchant charges in EUR. A broader fee page describes a base conversion rate and tier margins for other currency conversions, so check the live quote.
3% eligible cashback
Core, Luxe and Pinnacle publish 3% inside their first monthly spend bands; VIP publishes 4%. Currency-specific caps, progressive step-down rates, exclusions and ETHFI price exposure apply.
Unlock higher levels
Cash spend currently earns 1,000 points per $1,000. Luxe requires 5,000 monthly points and Pinnacle 25,000; points reset monthly and other qualifying routes are available.
10–30% category boost
Luxe, Pinnacle and VIP publish 10%, 20% and 30% on named services in one selected category, capped at $10, $20 and $30 per month. This is not a general spending rate.
What to check before applying
- Availability and KYC. Card access, membership and product terms depend on region and identity verification.
- Borrow mode is credit. Interest, collateral health and potential liquidation need separate analysis from ordinary card spending.
- Cashback is conditional. Eligibility exclusions, monthly thresholds, a seven-day lock and a minimum claim amount can reduce practical value.
- Token-denominated rewards fluctuate. Cashback credited in ETHFI can change value after it is earned.
Ether.fi and Bybit at a glance
Not a universal winner—just the mechanics that most directly affect the cost of spending.
Product terms can change. Verify current eligibility, fees and reward rules with the provider before applying.