FassetFasset
53
Side-by-side card comparison
Fasset vs Ethena Pay: fees, rewards and account setup
Ethena Pay Card has the higher Overall Score by 33 points (86 vs 53). Ethena Pay Card also looks stronger for Cashback, Travel, Funds control, Lowest fees, and Transfers. The details below show where Fasset Card may still be the better personal fit.
Information checked Sep 1, 202621 official sources reviewed
01 · Make the first cut
Ethena Pay Card is the better all-round starting point
Ethena Pay Card has the higher Overall Score in this comparison. Fasset Card may still suit you better if its card format, way of holding funds or availability is the deciding factor. 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.
OverallFasset53Ethena Pay86Higher score
CashbackFasset19Ethena Pay89Higher score
TravelFasset30Ethena Pay64Higher score
Funds controlFasset45Ethena Pay86Higher score
Lowest feesFasset51Ethena Pay87Higher score
TransfersFasset50Ethena Pay82Higher score
Choose Fasset Card if its day-to-day setup suits you
Fasset Card does not lead one of the use-case scores here, but it can still be the right choice when its costs, rewards and day-to-day setup match how you plan to use it. The other card looks stronger for Cashback, Travel, Funds control, Lowest fees, and Transfers, so compare that advantage with the features you would actually use.
- Clear internal USDT funding flow
- Broad phone-wallet support
- Complete card-country list
Choose Ethena Pay Card if cashback and travel matter most
Ethena Pay Card comes out ahead for Cashback, Travel, Funds control, Lowest fees, and Transfers 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
The differences that could change the result
The overall score points one way, but a specific use case or product condition may point another.
- Overall Score
- Fasset53Ethena Pay86
Ethena Pay Card has the higher Overall Score by 33 points.
- Entry cost & FX
- FassetNot disclosed plan · 3% non-USD FX; up to 3% cross-border may also apply FXEthena Pay$0 plan · 0% Ethena Pay markup; Visa rate applies FX
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 3% non-USD FX; up to 3% cross-border may also apply).
- Purchase rewards
- FassetNot disclosedEthena Pay4% base · up to 5%
The providers have not published enough matching base cashback information to name a winner. Check the maximum rates, reward assets, caps and conditions below.
- Funds control
- FassetCustodial balanceEthena PayHybrid custody
Fasset Card uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
- Everyday access
- FassetVirtual · Apple Pay, Google PayEthena PayVirtual · Apple Pay
Fasset Card lists more card formats and phone-wallet options (3 vs 2).
- Money movement
- Fasset1 stablecoin · Card balance back to Fasset WalletEthena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawal
Ethena Pay Card lists more stablecoins and ways to send money out (4 vs 2).
02 · Read the shortlist
A closer look at the two cards
These quick facts cover the costs, rewards and everyday features most likely to shape your choice. Use the full table below when you want the finer details.
- Cashback
- Not disclosed
- Plan cost
- Not disclosed
- FX fee
- 3% non-USD FX; up to 3% cross-border may also apply
- ATM fee
- Not available
- Card formats
- Virtual
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 1 crypto · 0 fiat
- Payout methods
- 0 crypto · 0 fiat
- Cashback
- 4%-5%
- Plan cost
- $0
- FX fee
- 0% Ethena Pay markup; Visa rate applies
- ATM fee
- Not available
- Card formats
- Virtual
- Wallet payments
- Apple Pay
- Receive methods
- 0 crypto · 0 fiat
- Payout methods
- 1 crypto · 0 fiat
03 · Compare the details
Compare the details side by side
We highlight a better number only when both cards publish values that can be compared fairly. Anything missing stays clearly marked.
Best known Not disclosed
CardsFasset CardOverall53Ethena Pay CardOverall86
Fasset CardOverall53Ethena Pay CardOverall86Scores
6 fields- Overall Score
- Fasset Card53Ethena Pay Card86
- Cashback score
- Fasset Card19Ethena Pay Card89
- Travel score
- Fasset Card30Ethena Pay Card64
- Funds control score
- Fasset Card45Ethena Pay Card86
- Lowest fees score
- Fasset Card51Ethena Pay Card87
- Transfers score
- Fasset Card50Ethena Pay Card82
Strengths & trade-offs
2 fields- Strengths
- Fasset CardClear internal USDT funding flow, Broad phone-wallet supportEthena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markup
- Trade-offs
- Fasset CardForeign spend can be expensive, OWN reward economics are missingEthena Pay CardCard access is still application-gated, One-day payment grace adds liquidation risk
Costs
7 fields- Plan cost
- Fasset CardNot disclosedEthena Pay Card$0
- FX fee
- Fasset Card3% non-USD FX; up to 3% cross-border may also applyEthena Pay Card0% Ethena Pay markup; Visa rate applies
- Top-up fee
- Fasset Card0%Ethena Pay CardProvider collateral-funding fee unknown; external network gas is separate
- Card spending fee
- Fasset Card0%Ethena Pay Card0%
- ATM fee
- Fasset CardNot availableEthena Pay CardNot available
- Virtual card
- Fasset Card9.99 USDT activation / issuance feeEthena Pay CardUSD 0
- Physical card
- Fasset CardNot disclosedEthena Pay CardNot disclosed
Plans
2 fields- Available plans
- Fasset CardBase virtual live; Edge waitlist; Select, Elite and Reserve coming soonEthena Pay Card3 plans: Standard, Pro, VIP
- Top cashback plan
- Fasset CardNot disclosedEthena Pay CardVIP: 5%
Everyday use
8 fields- Network
- Fasset CardVisaEthena Pay CardVisa
- Card formats
- Fasset CardVirtualEthena Pay CardVirtual
- ATM withdrawals
- Fasset CardNot availableEthena Pay CardNot available
- Mobile wallets
- Fasset CardApple Pay, Google PayEthena Pay CardApple Pay
- Apps
- Fasset CardiOS, AndroidEthena Pay CardiOS, Web
- Daily spending limit
- Fasset Card$2,000 per dayEthena Pay CardDynamic, based on collateral market value
- Monthly spending limit
- Fasset CardNot publicly disclosedEthena Pay CardDynamic, based on collateral market value
- ATM limit
- Fasset CardNot applicable; ATM cash advances unavailableEthena Pay CardNot available
Funding & transfers
5 fields- Networks
- Fasset CardNot disclosedEthena Pay CardEthereum, Polygon, Optimism, Arbitrum
- Crypto deposits
- Fasset CardStablecoins: USDTEthena Pay CardNot disclosed
- Fiat deposits
- Fasset CardNot disclosedEthena Pay CardNot disclosed
- Transfers
- Fasset CardCard balance back to Fasset WalletEthena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal
- Payout currencies
- Fasset CardNot disclosedEthena Pay CardNot disclosed
Rewards
3 fields- Base cashback
- Fasset CardNot disclosedEthena Pay Card4%
- Max cashback
- Fasset CardNot disclosedEthena Pay Card5%
- Reward currency
- Fasset CardOWN pointsEthena Pay CardAVAX
Earn
5 fields- Advertised APY
- Fasset CardNot offeredEthena Pay CardUp to 6% APY
- How it works
- Fasset CardNot offeredEthena Pay CardEarn on spending balance
- Separate deposit
- Fasset CardNot offeredEthena Pay CardNo
- Use balance for spending
- Fasset CardNot offeredEthena Pay CardYes
- Lock-up
- Fasset CardNot offeredEthena Pay CardNo
Trust & availability
5 fields- Custody
- Fasset CardCustodialEthena Pay CardHybrid custody
- Control until payment
- Fasset CardProvider controls fundsEthena Pay CardYou keep control
- Card issuer
- Fasset CardThird NationalEthena Pay CardThird National
- Card processing
- Fasset CardNot disclosedEthena Pay CardSignify Holdings, Inc. d/b/a Rain
- Identity verification
- Fasset CardNot disclosedEthena Pay CardSumsub
Sources
2 fields- Official sources
- Fasset Card9Ethena Pay Card12
- Last reviewed
- Fasset CardAug 11, 2026Ethena Pay CardSep 1, 2026
04 · The takeaway
Ethena Pay Card is the stronger all-round choice
Ethena Pay Card finishes ahead with an Overall Score of 86 versus 53 for Fasset Card. Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 3% non-USD FX; up to 3% cross-border may also apply). The providers have not published enough matching base cashback information to name a winner. Check the maximum rates, reward assets, caps and conditions below.
Fasset Card can still be the more comfortable choice if its availability, card setup or way of holding funds suits you better. Fasset Card uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
Ethena Pay Card lists more stablecoins and ways to send money out (4 vs 2). 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 Fasset Card and Ethena Pay Card reviews first.
Continue with
Fasset Card
Continue with
Ethena Pay Card
05 · Common questions
Fasset vs Ethena Pay FAQ
Is Fasset or Ethena Pay better overall?
Ethena Pay Card has the higher Overall Score (86 vs 53). 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, Fasset or Ethena Pay?
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 3% non-USD FX; up to 3% cross-border may also apply). Compare plan, FX, card-spend, top-up and ATM charges separately because one fee does not represent the full cost.
Which has better cashback, Fasset or Ethena Pay?
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 Fasset and Ethena Pay differ on custody?
Fasset Card uses a custodial balance setup, while Ethena Pay Card uses a hybrid custody setup. Neither approach is always better, so choose the level of control you are comfortable with.
How current is this Fasset vs Ethena Pay comparison?
The latest information check for these two cards was September 1, 2026, using 21 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.