Ethena PayEthena Pay
89
Side-by-side card comparison
Ethena Pay vs ether.fi Cash: overall score versus use-case fit
Ethena Pay Card has the higher Overall Score by 3 points (89 vs 86). Ethena Pay Card looks stronger for Cashback and Lowest fees, while ether.fi Cash Card comes out ahead for Travel, Funds control, and Transfers.
Information checked Oct 17, 202650 official sources reviewed
01 · Overall score versus use-case fit
Ethena Pay Card is the better all-round starting point
Ethena Pay Card has the higher Overall Score in this comparison. ether.fi Cash Card may be the better fit for Travel, Funds control, and Transfers. A score cannot tell you whether a provider will accept your application or whether every feature will be available where you live, so check the latest provider terms before signing up.
OverallEthena Pay89ether.fi Cash86Higher score
CashbackEthena Pay89ether.fi Cash84Higher score
TravelEthena Pay69ether.fi Cash82Higher score
Funds controlEthena Pay91ether.fi Cash96Higher score
Lowest feesEthena Pay87ether.fi Cash65Higher score
TransfersEthena Pay98ether.fi Cash100Higher score
Choose Ethena Pay Card if cashback and lowest fees matter most
Ethena Pay Card comes out ahead for Cashback and Lowest fees in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Strong Standard cashback bands
- No Standard monthly fee or FX markup
- Collateral stays in linked wallets
Choose ether.fi Cash Card if travel and funds control matter most
ether.fi Cash Card comes out ahead for Travel, Funds control, and Transfers in this comparison. It is worth a closer look if those are the parts of a card you expect to use most.
- Card spend plus cash-account rails
- Liquid USD can stay spendable
- Tiers make perks easier to compare
Where each card has the edge
The overall leader does not win every use case, so the reason you want the card matters here.
- Overall Score
- Ethena Pay89ether.fi Cash86
Ethena Pay Card has the higher Overall Score by 3 points.
- Entry cost & FX
- Ethena Pay$0 plan · 0–1% FXether.fi Cash$0 plan · 0–0.5% FX
ether.fi Cash Card has the lower published FX fee (0–0.5% vs 0–1%).
- Purchase rewards
- Ethena Pay4% base · up to 5%ether.fi Cash3% base · up to 4%
Ethena Pay Card has the higher published base cashback rate (4% vs 3%).
- Funds control
- Ethena PayHybrid custodyether.fi CashNon-custodial account
Ethena Pay Card uses a hybrid custody setup, while ether.fi Cash Card uses a non-custodial account setup. Neither approach is always better, so choose the level of control you are comfortable with.
- Everyday access
- Ethena PayVirtual · Apple Payether.fi CashVirtual + Physical · Apple Pay, Google Pay
ether.fi Cash Card lists more card formats and phone-wallet options (4 vs 2).
- Money movement
- Ethena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawal, Bank transfer fundingether.fi Cash5 stablecoins · Stablecoin transfers; USD ACH, USD Fedwire, EUR SEPA, USD SWIFT +2
ether.fi Cash Card lists more stablecoins and ways to send money out (12 vs 4).
02 · Read the shortlist
A closer look at the split decision
Start with the strengths that drive each use-case result, then test them against costs and access.
- Cashback
- 4%-5%
- Plan cost
- $0
- FX fee
- 0–1%
- ATM fee
- $1 + 0.65% where ATM access is available; separate operator surcharge may apply
- Card formats
- Virtual
- Wallet payments
- Apple Pay
- Receive methods
- 3 crypto · 1 fiat
- Payout methods
- 1 crypto · 0 fiat
- Cashback
- 3%-4%
- Plan cost
- $0
- FX fee
- 0–0.5%
- ATM fee
- Not disclosed
- Card formats
- Virtual, Physical
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 18 crypto · 14 fiat
- Payout methods
- 5 crypto · 30 fiat
Partner links may earn us a commission. Read our affiliate disclosure for how these links work.
03 · Compare the details
See how the trade-offs line up
Comparable figures receive a marker; missing or unverified details stay visible instead of becoming an assumed advantage.
Best known Not disclosed
CardsEthena Pay CardOverall89ether.fi Cash CardOverall86
Ethena Pay CardOverall89ether.fi Cash CardOverall86Scores
6 fields- Overall Score
- Ethena Pay Card89ether.fi Cash Card86
- Cashback score
- Ethena Pay Card89ether.fi Cash Card84
- Travel score
- Ethena Pay Card69ether.fi Cash Card82
- Funds control score
- Ethena Pay Card91ether.fi Cash Card96
- Lowest fees score
- Ethena Pay Card87ether.fi Cash Card65
- Transfers score
- Ethena Pay Card98ether.fi Cash Card100
Strengths & trade-offs
2 fields- Strengths
- Ethena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markupether.fi Cash CardCard spend plus cash-account rails, Liquid USD can stay spendable
- Trade-offs
- Ethena Pay CardCard access is still application-gated, One-day payment grace adds liquidation riskether.fi Cash CardVault returns depend on the selected strategy, Borrowing accrues interest immediately
Costs
7 fields- Plan cost
- Ethena Pay Card$0ether.fi Cash Card$0
- FX fee
- Ethena Pay Card0–1%ether.fi Cash Card0–0.5%
- Top-up fee
- Ethena Pay CardProvider collateral-funding fee unknown; external network gas is separateether.fi Cash CardNot disclosed
- Card spending fee
- Ethena Pay Card0%ether.fi Cash CardNot disclosed
- ATM fee
- Ethena Pay Card$1 + 0.65% where ATM access is available; separate operator surcharge may applyether.fi Cash CardNot disclosed
- Virtual card
- Ethena Pay CardUSD 0ether.fi Cash CardFirst virtual card normally $0; $10 for AR, AO, BD, BO, CO, EC, ID, MY, MX, NG, PE, PH, ZA and TH under the dedicated fee article. Check the displayed price before order.
- Physical card
- Ethena Pay CardNot disclosedether.fi Cash CardComparison page: Core $60 including shipping; one free physical card on higher tiers. Help pages describe additional-card fees and different included quantities. Confirm the order quote.
Plans
2 fields- Available plans
- Ethena Pay Card3 plans: Standard, Pro, VIPether.fi Cash Card4 plans: Core, Luxe, Pinnacle, VIP
- Top cashback plan
- Ethena Pay CardVIP: 5%ether.fi Cash CardVIP: 4%
Everyday use
8 fields- Network
- Ethena Pay CardVisaether.fi Cash CardVisa
- Card formats
- Ethena Pay CardVirtualether.fi Cash CardVirtual, Physical
- ATM withdrawals
- Ethena Pay CardNot disclosedether.fi Cash CardAvailable
- Mobile wallets
- Ethena Pay CardApple Payether.fi Cash CardApple Pay, Google Pay
- Apps
- Ethena Pay CardiOS, Webether.fi Cash CardiOS, Android, Web
- Daily spending limit
- Ethena Pay CardDynamic, based on collateral market valueether.fi Cash CardEditable defaults: $5,000/day per card; Vault $10,000/day and $10,000/month. Current tier maximum is unconfirmed; the first applicable card, Vault or MCC limit applies.
- Monthly spending limit
- Ethena Pay CardDynamic, based on collateral market valueether.fi Cash CardMonthly limit shown in app; cashback caps vary by plan
- ATM limit
- Ethena Pay CardNot availableether.fi Cash CardCore/Luxe/Pinnacle: $1,000 per withdrawal, up to 5 withdrawals and $5,000 per rolling 24 hours. VIP numeric ceiling is unconfirmed.
Funding & transfers
5 fields- Networks
- Ethena Pay CardEthereum, Polygon, Optimism, Arbitrumether.fi Cash CardOptimism, Ethereum, Arbitrum, Base, HyperEVM, BNB Smart Chain +10
- Crypto deposits
- Ethena Pay CardStablecoins: USDe, USDT, USDCether.fi Cash CardStablecoins: USDC, USDT, EURC, frxUSD, LiquidUSD; Other crypto: beHYPE, eBTC, ETHFI, LiquidBTC, LiquidETH +8
- Fiat deposits
- Ethena Pay CardBank transferether.fi Cash CardUSD ACH, USD Fedwire, EUR SEPA, USD SWIFT +10
- Transfers
- Ethena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal, Bank transfer fundingether.fi Cash CardStablecoin transfers; USD ACH, USD Fedwire, EUR SEPA, USD SWIFT +2
- Payout currencies
- Ethena Pay CardUSD, EUR, GBPether.fi Cash CardUSD, EUR, GBP, AED, AUD, BRL, CAD, CHF +22
Rewards
3 fields- Base cashback
- Ethena Pay Card4%ether.fi Cash Card3%
- Max cashback
- Ethena Pay Card5%ether.fi Cash Card4%
- Reward currency
- Ethena Pay CardAVAXether.fi Cash CardETHFI token cashback
Earn
5 fields- Advertised APY
- Ethena Pay CardUp to 6% APYether.fi Cash CardUp to 5.47% APY
- How it works
- Ethena Pay CardEarn on spending balanceether.fi Cash CardEarn on spending balance, Borrow against collateral, Optional earn vault
- Separate deposit
- Ethena Pay CardNoether.fi Cash CardNot disclosed
- Use balance for spending
- Ethena Pay CardYesether.fi Cash CardNot disclosed
- Lock-up
- Ethena Pay CardNoether.fi Cash CardNot disclosed
Trust & availability
7 fields- Custody
- Ethena Pay CardHybrid custodyether.fi Cash CardNon-custodial
- Control until payment
- Ethena Pay CardYou keep controlether.fi Cash CardYou keep control
- Card issuer
- Ethena Pay CardThird Nationalether.fi Cash CardThird National
- Card processing
- Ethena Pay CardSignify Holdings, Inc. d/b/a Rainether.fi Cash CardNot disclosed
- Deposits & withdrawals
- Ethena Pay CardNot disclosedether.fi Cash CardSEPA third-party provider
- Identity verification
- Ethena Pay CardSumsubether.fi Cash CardNot disclosed
- Programme operator
- Ethena Pay CardNot disclosedether.fi Cash Cardether.fi, Ether.Fi SEZC
Sources
2 fields- Official sources
- Ethena Pay Card13ether.fi Cash Card37
- Last reviewed
- Ethena Pay CardOct 17, 2026ether.fi Cash CardOct 6, 2026
04 · The trade-off
Ethena Pay Card is the stronger all-round choice
Ethena Pay Card finishes ahead with an Overall Score of 89 versus 86 for ether.fi Cash Card. ether.fi Cash Card has the lower published FX fee (0–0.5% vs 0–1%). Ethena Pay Card has the higher published base cashback rate (4% vs 3%).
ether.fi Cash Card still comes out ahead for Travel, Funds control, and Transfers, which may matter more than the overall result if that is how you plan to use the card. Ethena Pay Card uses a hybrid custody setup, while ether.fi Cash Card uses a non-custodial account setup. Neither approach is always better, so choose the level of control you are comfortable with.
ether.fi Cash Card lists more stablecoins and ways to send money out (12 vs 4). Before applying, confirm availability in your country and recheck the provider's current fees and reward conditions.
If one card now looks like the better fit, you can check the latest application terms on the provider site or read our full Ethena Pay Card and ether.fi Cash Card reviews first.
Continue with
Ethena Pay Card
Continue with
ether.fi Cash Card
05 · Common questions
Ethena Pay vs ether.fi Cash FAQ
Is Ethena Pay or ether.fi Cash better overall?
Ethena Pay Card has the higher Overall Score (89 vs 86). 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 ether.fi Cash?
ether.fi Cash Card has the lower published FX fee (0–0.5% vs 0–1%). 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 ether.fi Cash?
Ethena Pay Card has the higher published base cashback rate (4% vs 3%). 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 ether.fi Cash differ on custody?
Ethena Pay Card uses a hybrid custody setup, while ether.fi Cash 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 ether.fi Cash comparison?
The latest information check for these two cards was October 17, 2026, using 50 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.