Ethena PayEthena Pay
89
Side-by-side card comparison
Ethena Pay vs Decaf
Ethena Pay Card has the higher Overall Score by 25 points (89 vs 64). Ethena Pay Card also looks stronger for Cashback, Travel, Funds control, Lowest fees, and Transfers. The details below show where Decaf Card may still be the better personal fit.
Latest check Oct 19, 202634 official sources reviewed
Ethena Pay Card
Best fit
- USDe users combining card spending with eligible Daily Boost balances.
- Funding through USD, EUR or GBP bank transfers, or USDe, USDT and USDC.
- Standard's 4% cashback on the first $2,500 of qualifying monthly spend.
Before you choose
- Cashback is paid in AVAX, with Standard falling to 1% and then 0%.
- Daily Boost is variable and requires at least one qualifying purchase each month.
- The card uses linked collateral that can be liquidated after a shortfall.
Decaf Card
Best fit
- Spending USDC received on Solana or Stellar through a separate card load.
- Using the virtual Visa for Apple Pay and Google Pay purchases.
- Receiving bank payments as USDC before allocating funds to the card.
Before you choose
- Virtual issuance costs $5; physical cards cost $10–$90 by region.
- US international fees are 1%; the non-USD international FX ceiling is 2%.
- Card collateral can be liquidated; US withdrawals require prior notice.
Fees & features
Compare the details
Best markers compare published, comparable values. Unknown values never win a row.
Best known Not disclosed
CardsEthena Pay CardOverall89Decaf CardOverall64
Ethena Pay CardOverall89Decaf CardOverall64Scores
- Overall Score
- Ethena Pay Card89Decaf Card64
- Cashback score
- Ethena Pay Card89Decaf Card29
- Travel score
- Ethena Pay Card69Decaf Card60
- Funds control score
- Ethena Pay Card91Decaf Card63
- Lowest fees score
- Ethena Pay Card87Decaf Card57
- Transfers score
- Ethena Pay Card98Decaf Card70
Costs
- Plan cost
- Ethena Pay Card$0Decaf Card$0
- FX fee
- Ethena Pay Card0–1%Decaf Card1–2%
- Top-up fee
- Ethena Pay CardProvider collateral-funding fee unknown; external network gas is separateDecaf CardCard-load fee unknown; parent-account bank deposits have separate charges
- Card spending fee
- Ethena Pay Card0%Decaf CardNot disclosed
- ATM fee
- Ethena Pay Card$1 + 0.65% where ATM access is available; separate operator surcharge may applyDecaf Card0% Decaf markup
- Virtual card
- Ethena Pay CardUSD 0Decaf Card$5
- Physical card
- Ethena Pay CardNot disclosedDecaf Card$90 international / $10 US
Plans
- Available plans
- Ethena Pay Card3 plans: Standard, Pro, VIPDecaf CardNot disclosed
- Top cashback plan
- Ethena Pay CardVIP: 5%Decaf CardNot disclosed
Everyday use
- Network
- Ethena Pay CardVisaDecaf CardVisa
- Card formats
- Ethena Pay CardVirtualDecaf CardVirtual, Physical
- ATM withdrawals
- Ethena Pay CardNot disclosedDecaf CardNot disclosed
- Mobile wallets
- Ethena Pay CardApple PayDecaf CardApple Pay, Google Pay
- Apps
- Ethena Pay CardiOS, WebDecaf CardiOS, Android, Web
- Daily spending limit
- Ethena Pay CardDynamic, based on collateral market valueDecaf CardNot disclosed
- Monthly spending limit
- Ethena Pay CardDynamic, based on collateral market valueDecaf CardNot disclosed
- ATM limit
- Ethena Pay CardNot availableDecaf Card$250 per withdrawal; up to 3 withdrawals daily
Funding & transfers
- Networks
- Ethena Pay CardEthereum, Polygon, Optimism, ArbitrumDecaf CardSolana, Stellar
- Crypto deposits
- Ethena Pay CardStablecoins: USDe, USDT, USDCDecaf CardStablecoins: USDC
- Fiat deposits
- Ethena Pay CardBank transferDecaf CardUSD, EUR and MXN account receipts
- Transfers
- Ethena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal, Bank transfer fundingDecaf CardParent-account bank withdrawals, MoneyGram cash pickup
- Payout currencies
- Ethena Pay CardUSD, EUR, GBPDecaf CardUSD, EUR, MXN, COP, BRL, ARS, VES
Rewards
- Base cashback
- Ethena Pay Card4%Decaf CardNot disclosed
- Max cashback
- Ethena Pay Card5%Decaf CardNot disclosed
- Reward currency
- Ethena Pay CardAVAXDecaf CardNot disclosed
Earn
- Advertised APY
- Ethena Pay CardUp to 6% APYDecaf CardNot disclosed
- How it works
- Ethena Pay CardEarn on spending balanceDecaf CardOptional earn vault
- Separate deposit
- Ethena Pay CardNoDecaf CardYes
- Use balance for spending
- Ethena Pay CardYesDecaf CardNot disclosed
- Lock-up
- Ethena Pay CardNoDecaf CardNot disclosed
Trust & availability
- Custody
- Ethena Pay CardHybrid custodyDecaf CardNon-custodial
- Control until payment
- Ethena Pay CardYou keep controlDecaf CardNot disclosed
- Card issuer
- Ethena Pay CardThird NationalDecaf CardThird National, Inc.
- Card processing
- Ethena Pay CardSignify Holdings, Inc. d/b/a RainDecaf CardRain
- Deposits & withdrawals
- Ethena Pay CardNot disclosedDecaf CardMoneyGram
- Identity verification
- Ethena Pay CardSumsubDecaf CardNot disclosed
Sources
- Official sources
- Ethena Pay Card13Decaf Card21
- Last reviewed
- Ethena Pay CardOct 17, 2026Decaf CardOct 19, 2026
Choosing between these cards
When to choose Ethena Pay or Decaf
Spending in foreign currencies
For FX on foreign-currency purchases, Ethena Pay lists 0–1%, versus 1–2% at Decaf. Use the tariff for your country and plan; conversion fees can add to these figures.
Using the crypto you already hold
Ethena Pay's reviewed deposit assets include USDT, USDe; Decaf's include USDC. If you already hold one of these assets, compare its deposit network and conversion route before moving funds.
Common questions
Ethena Pay vs Decaf FAQ
Is Ethena Pay or Decaf better overall?
Ethena Pay Card has the higher Overall Score (89 vs 64). That does not make it better for everyone: your preferred fees, rewards, way of holding funds and country availability can change the practical choice.
Which has lower fees, Ethena Pay or Decaf?
Ethena Pay Card has the lower published FX fee (0–1% vs 1–2%). Compare plan, FX, card-spend, top-up and ATM charges separately because one fee does not represent the full cost.
Which has better cashback, Ethena Pay or Decaf?
The providers have not published enough matching base cashback information to name a winner. Check the maximum rates, reward assets, caps and conditions below. Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do Ethena Pay and Decaf differ on custody?
Ethena Pay Card uses a hybrid custody setup, while Decaf Card uses a non-custodial account setup. Neither approach is always better, so choose the level of control you are comfortable with.
How current is this Ethena Pay vs Decaf comparison?
The latest information check for these two cards was October 19, 2026, using 34 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.