Suits crypto holders who want to spend against their portfolio without selling and are comfortable with liquidation risk. Skip it if you mainly want cashback on a free card, because the free tier’s $10 monthly cap limits it.
Score breakdown
How we read the terms: Free Basic membership: no annual fee and 0.5% USDC cashback in Credit Mode (capped at $10 a month). The 2% maximum needs Platinum at $999 a year. FX is not scored because XPlace’s membership table, docs and card terms give different figures. No card issuance fee is published.
Not rated yet: verified criteria cover 55% of the weight, and we need 70% to give an overall score. How scores are calculated.
Pros
- Credit Mode lets you spend by borrowing against BTC, ETH or SOL instead of selling
- Self-custody: collateral sits in Kamino smart contracts XPlace can’t move
- Cashback paid in USDC, from 0.5% on the free tier
- Apple Pay and Google Pay, plus physical cards for Silver members
Cons
- The 2% rate needs a $999-a-year Platinum membership
- Cashback only in Credit Mode and capped at $10 a month on Basic
- XPlace’s pages give conflicting FX fees and Silver spending limits
- Borrowing exposes your collateral to liquidation
Overview
XPlace is run by Pontech Group L.L.C-FZ in Dubai. Its Visa card is issued by Third National through a programme managed by Signify Holdings (Rain). It has two modes: Cash Mode spends USDC you top up, and Credit Mode borrows USDC against your crypto at the moment you pay.
Membership sets your limits and cashback: Basic is free (0.5%), Silver $99 a year (1%), Gold $249 (1.5%) and Platinum $999 (2%). Cashback is paid in USDC on Credit Mode spending only, with monthly caps from $10 to $250.
Credit Mode borrows USDC against your BTC, ETH, SOL, JitoSOL or USDT collateral (held in Kamino Finance smart contracts) at the moment you pay, with no fixed repayment schedule; collateral can be liquidated if its value falls. Cash Mode spends a USDC balance you top up onto the card. Only Credit Mode earns USDC cashback.source
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.
Card tierssource
| Tier | Stake | Subscription | Cashback | Notes |
|---|---|---|---|---|
| Basic | Not verified | Free | 0.5% | $2K monthly limit; cashback cap $10/month |
| Silver | Not verified | $99/year | 1% | 1 lounge visit/year; cashback cap $40/month; monthly limit shown as $20K on homepage and $10K on membership page |
| Gold | Not verified | $249/year | 1.5% | $200K monthly limit; 4 lounge visits, 2 fast track/year; cap $100/month |
| Platinum | Not verified | $999/year | 2% | $750K monthly limit; unlimited lounges, 5 fast track/year, VIP concierge; cap $250/month |
Region: global.
Fees and limits
- Card issuance (global)
- Not verified
- Monthly fee (global)
- $0 on Basic; Silver $99/year, Gold $249/year, Platinum $999/yearsource
- FX fee (global)
- Not verified
- Top-up (global)
- Not verified
- Free ATM per month (global)
- Not verified
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
We can’t do the maths yet: the entry-tier cashback or one of the fees is not verified.
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 | With restrictions | “Card issuing is currently not available in the following US states: Arizona, Delaware, Georgia...”source Not issued in 19 US states, including Arizona, Georgia, Ohio and Washington. |
| UK | Available | the UK is not on XPlace's list of restricted jurisdictions. (paraphrased)source |
| EEA | Available | no EEA country is on XPlace's list of restricted jurisdictions. (paraphrased)source |
By country
Other regions listed by the issuer: Global except restricted list, US (card not issued in 19 states incl. Arizona, Georgia, Ohio, Washington), Excluded: Belarus, mainland China, Cuba, India, Iran, Iraq, Israel, Myanmar, Nepal, Nicaragua, North Korea, Russia, Syria, Turkey, Ukraine, Venezuela, Vietnamsource. Not legal advice; an issuer can refuse any applicant.
How to get the card
- 1Download XPlaceInstall the app and choose a membership tier (Basic is free).
- 2Pass KYCVerify your identity to unlock card issuance.
- 3Deposit collateralDeposit SOL, BTC, ETH, USDT or JitoSOL, or top up USDC for Cash Mode.
- 4Pick a mode and payChoose Cash or Credit Mode, add the virtual card to Apple Pay or Google Pay and spend.
XPlace Card: common questions
How much cashback does XPlace pay?
In Credit Mode, 0.5% on Basic, 1% on Silver, 1.5% on Gold and 2% on Platinum, paid in USDC. Monthly caps run from $10 to $250. Cash Mode spending earns no USDC cashback.
Is XPlace custodial?
No. XPlace says your funds stay in your self-custody wallet or in Kamino Finance smart contracts, and that it can’t move or freeze them.
Alternatives and comparisons
Information only, not financial advice. Crypto assets are volatile. Terms change often — confirm on the issuer’s site before applying.