A simple, fee-free-to-hold option if you want small, steady bitcoin rewards with no staking. Heavy spenders will hit the monthly cashback cap, and the 1% conversion fee applies to every purchase.
Score breakdown
How we read the terms: EUR card: free card, no monthly fee, 1% ongoing cashback (2% intro rate for 30 days). FX scored as the highest EUR-card surcharge (Visa rate + 1.35%); a separate 1% conversion fee applies to every card payment.
Not rated yet: verified criteria cover 65% of the weight, and we need 70% to give an overall score. How scores are calculated.
Pros
- No issuance or monthly fee
- Cashback paid in BTC, with no staking or tiers
- Apple Pay and Google Pay
- Works almost anywhere Visa is accepted, outside sanctioned countries
Cons
- A 1% conversion fee on every card payment
- Virtual only; physical cards are planned for 2027
- Cashback capped at $100/€100 a month and $1/€1 per transaction after the intro period
- No public list of countries where you can sign up
Overview
Kolo offers a USD card issued by Banco Popular de Puerto Rico and a EUR card issued by Wirex Ltd; which one you get depends on your verification. Both are virtual Visa Platinum debit cards.
Every card payment carries a 1% conversion fee. A Visa FX surcharge is added only when the merchant currency differs from your card’s currency. Cashback is 2% in BTC for the first 30 days, then 1%, paid daily.
We haven’t run a hands-on test of this card; this review is based on the issuer’s published documents linked on this page.
Fees and limits
- Card issuance (global)
- Free (minimum $10/€10 stablecoin deposit, refunded as a spendable card issue bonus)source
- Monthly fee (global)
- Nonesource
- FX fee (EEA (EUR card))
- EUR card: Visa rate + 0.55% / 0.65% / 1.35% depending on currency; USD card: Visa rate + 1%. A 1% conversion fee applies to every card payment.source
- Top-up (global)
- 0% on crypto depositssource
- Free ATM per month (global)
- Nonesource
Fees are quoted from the issuer’s documents for the region shown. Each “source” link opens the issuer’s page; the wording is quoted in the availability table and in the link’s tooltip.
Is it worth it? Quick math
Entry tier, €1,000 a month of everyday spending in the card’s currency, first year, compared with a plain 2% cash-back card. Only the verified figures above are used.
- Cashback earned
- €120
- Card fees (issuance + 12 × monthly)
- €0
- Net value, year one
- €120
- Plain 2% cash-back card
- €240
At this spend, a plain 2% cash-back card earns €120 more. Higher tiers pay more, but may need staking, a balance or a paid plan — see the tiers above.
Cashback paid in a volatile token can be worth more or less when you sell it. FX and top-up fees are not included here.
Availability
| Region | Status | What the issuer says |
|---|---|---|
| US | Not verified | The issuer’s documents don’t say |
| UK | Not verified | The issuer’s documents don’t say |
| EEA | Not verified | The issuer’s documents don’t say |
By country
Other regions listed by the issuer: Worldwide where Visa is accepted, except sanctioned/restricted countries, USD card restricted: Cuba, Iran, North Korea, Russia, Syria, Ukraine, Venezuela, EUR card restricted: Afghanistan, Belarus, Bosnia and Herzegovina, CAR, Cuba, DR Congo, Ethiopia, Iran, Iraq, Lebanon, Libya, Myanmar, Nicaragua, North Korea, Palestine, Russia, Sudan, Syria, Venezuela, Zimbabwesource. Not legal advice; an issuer can refuse any applicant.
How to get the card
- 1Install KoloUse the Kolo app, web app or Telegram Mini App.
- 2Verify your identityComplete KYC; card availability depends on your verification country.
- 3Activate the cardDeposit at least 10 USDT/USDC (or the EUR equivalent); it comes back as a spendable card bonus.
- 4Add to your phoneAdd the card to Apple Pay or Google Pay and pay in stores.
Kolo Card: common questions
How much cashback does Kolo pay?
Kolo pays 2% in BTC for the first 30 days, then 1%, up to $100 or €100 of cashback a month.
Does Kolo charge fees on card payments?
Yes. Kolo charges a 1% conversion fee on every card payment, plus a Visa FX surcharge when you pay in a currency other than your card’s currency.
Alternatives and comparisons
Information only, not financial advice. Crypto assets are volatile. Terms change often — confirm on the issuer’s site before applying.