XPlaceXPlace
68
Side-by-side card comparison
XPlace vs Ethena Pay: fees, rewards and account setup
Ethena Pay Card has the higher Overall Score by 18 points (86 vs 68). Ethena Pay Card also looks stronger for Cashback, Travel, Funds control, Lowest fees, and Transfers. The details below show where XPlace Card may still be the better personal fit.
Information checked Sep 1, 202638 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. XPlace 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.
OverallXPlace68Ethena Pay86Higher score
CashbackXPlace49Ethena Pay89Higher score
TravelXPlace61Ethena Pay64Higher score
Funds controlXPlace67Ethena Pay86Higher score
Lowest feesXPlace69Ethena Pay87Higher score
TransfersXPlace62Ethena Pay82Higher score
Choose XPlace Card if its day-to-day setup suits you
XPlace 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.
- Two distinct USDC spending modes
- Tiered USDC cashback with published caps
- Phone wallets and non-custodial collateral
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
- XPlace68Ethena Pay86
Ethena Pay Card has the higher Overall Score by 18 points.
- Entry cost & FX
- XPlace$0 plan · 0–1% 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 0–1%).
- Purchase rewards
- XPlace0.5% base · up to 4%Ethena Pay4% base · up to 5%
Ethena Pay Card has the higher published base cashback rate (4% vs 0.5%).
- Funds control
- XPlaceHybrid custodyEthena PayHybrid custody
XPlace Card and Ethena Pay Card use the same hybrid custody setup.
- Everyday access
- XPlaceVirtual + Physical · Apple Pay, Google PayEthena PayVirtual · Apple Pay
XPlace Card lists more card formats and phone-wallet options (4 vs 2).
- Money movement
- XPlace2 stablecoins · Stablecoin transfersEthena Pay1 stablecoin · Stablecoin transfers; Ethena Pay user transfer; Bank withdrawal
Ethena Pay Card lists more stablecoins and ways to send money out (4 vs 3).
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
- 0.5%-4%
- Plan cost
- $0
- FX fee
- 0–1%
- ATM fee
- Not available
- Card formats
- Virtual, Physical
- Wallet payments
- Apple Pay, Google Pay
- Receive methods
- 1 crypto · 0 fiat
- Payout methods
- 1 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
CardsXPlace CardOverall68Ethena Pay CardOverall86
XPlace CardOverall68Ethena Pay CardOverall86Scores
6 fields- Overall Score
- XPlace Card68Ethena Pay Card86
- Cashback score
- XPlace Card49Ethena Pay Card89
- Travel score
- XPlace Card61Ethena Pay Card64
- Funds control score
- XPlace Card67Ethena Pay Card86
- Lowest fees score
- XPlace Card69Ethena Pay Card87
- Transfers score
- XPlace Card62Ethena Pay Card82
Strengths & trade-offs
2 fields- Strengths
- XPlace CardTwo distinct USDC spending modes, Tiered USDC cashback with published capsEthena Pay CardStrong Standard cashback bands, No Standard monthly fee or FX markup
- Trade-offs
- XPlace CardNo live physical card or ATM access, Higher tiers cost more and FX has layersEthena Pay CardCard access is still application-gated, One-day payment grace adds liquidation risk
Costs
7 fields- Plan cost
- XPlace Card$0Ethena Pay Card$0
- FX fee
- XPlace Card0–1%Ethena Pay Card0% Ethena Pay markup; Visa rate applies
- Top-up fee
- XPlace CardProvider fee not published; external network or bridge costs may apply and are not card feesEthena Pay CardProvider collateral-funding fee unknown; external network gas is separate
- Card spending fee
- XPlace Card0%Ethena Pay Card0%
- ATM fee
- XPlace CardNot availableEthena Pay CardNot available
- Virtual card
- XPlace CardNot disclosedEthena Pay CardUSD 0
- Physical card
- XPlace CardSilver physical card: $99 with courier delivery included; estimated delivery 3-12 days. Other tier pricing remains unclear.Ethena Pay CardNot disclosed
Plans
2 fields- Available plans
- XPlace Card4 plans: Basic, Silver, Gold, PlatinumEthena Pay Card3 plans: Standard, Pro, VIP
- Top cashback plan
- XPlace CardPlatinum: 2%Ethena Pay CardVIP: 5%
Everyday use
8 fields- Network
- XPlace CardVisaEthena Pay CardVisa
- Card formats
- XPlace CardVirtual, PhysicalEthena Pay CardVirtual
- ATM withdrawals
- XPlace CardNot availableEthena Pay CardNot available
- Mobile wallets
- XPlace CardApple Pay, Google PayEthena Pay CardApple Pay
- Apps
- XPlace CardiOS, AndroidEthena Pay CardiOS, Web
- Daily spending limit
- XPlace CardNo provider-set daily amount published; users can set their own daily, weekly and monthly controlsEthena Pay CardDynamic, based on collateral market value
- Monthly spending limit
- XPlace CardBasic $2,000; Silver $10,000; Gold $50,000; Platinum $750,000 per monthEthena Pay CardDynamic, based on collateral market value
- ATM limit
- XPlace CardNot available while only the virtual card is liveEthena Pay CardNot available
Funding & transfers
5 fields- Networks
- XPlace CardSolanaEthena Pay CardEthereum, Polygon, Optimism, Arbitrum
- Crypto deposits
- XPlace CardStablecoins: USDCEthena Pay CardNot disclosed
- Fiat deposits
- XPlace CardNot disclosedEthena Pay CardNot disclosed
- Transfers
- XPlace CardStablecoin transfersEthena Pay CardStablecoin transfers; Ethena Pay user transfer; Bank withdrawal
- Payout currencies
- XPlace CardNot disclosedEthena Pay CardNot disclosed
Rewards
3 fields- Base cashback
- XPlace Card0.5%Ethena Pay Card4%
- Max cashback
- XPlace Card4%Ethena Pay Card5%
- Reward currency
- XPlace CardUSDCEthena Pay CardAVAX
Earn
5 fields- Advertised APY
- XPlace CardUp to 6.15% APYEthena Pay CardUp to 6% APY
- How it works
- XPlace CardBorrow against collateral, Optional earn vaultEthena Pay CardEarn on spending balance
- Separate deposit
- XPlace CardYesEthena Pay CardNo
- Use balance for spending
- XPlace CardNoEthena Pay CardYes
- Lock-up
- XPlace CardNoEthena Pay CardNo
Trust & availability
5 fields- Custody
- XPlace CardHybrid custodyEthena Pay CardHybrid custody
- Control until payment
- XPlace CardProvider controls fundsEthena Pay CardYou keep control
- Card issuer
- XPlace CardThird NationalEthena Pay CardThird National
- Card processing
- XPlace CardSignify Holdings, Inc. (Rain)Ethena Pay CardSignify Holdings, Inc. d/b/a Rain
- Identity verification
- XPlace CardSumsubEthena Pay CardSumsub
Sources
2 fields- Official sources
- XPlace Card26Ethena Pay Card12
- Last reviewed
- XPlace CardAug 27, 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 68 for XPlace Card. Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies vs 0–1%). Ethena Pay Card has the higher published base cashback rate (4% vs 0.5%).
XPlace Card can still be the more comfortable choice if its availability, card setup or way of holding funds suits you better. XPlace Card and Ethena Pay Card use the same hybrid custody setup.
Ethena Pay Card lists more stablecoins and ways to send money out (4 vs 3). 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 XPlace Card and Ethena Pay Card reviews first.
Continue with
XPlace Card
Continue with
Ethena Pay Card
05 · Common questions
XPlace vs Ethena Pay FAQ
Is XPlace or Ethena Pay better overall?
Ethena Pay Card has the higher Overall Score (86 vs 68). 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, XPlace or Ethena Pay?
Ethena Pay Card has the lower published FX fee (0% Ethena Pay markup; Visa rate applies 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, XPlace or Ethena Pay?
Ethena Pay Card has the higher published base cashback rate (4% vs 0.5%). Maximum rates may depend on tiers, caps, categories or other conditions, so the entry rate and reward asset matter too.
How do XPlace and Ethena Pay differ on custody?
XPlace Card and Ethena Pay Card use the same hybrid custody setup.
How current is this XPlace vs Ethena Pay comparison?
The latest information check for these two cards was September 1, 2026, using 38 official sources in total. Each full card review lists its own check date, sources and anything the provider has not clearly disclosed.