Plasma One
A self-custody Visa card that pays cashback in XPL. 4 plans, from free to $199 a year. Not offered in the US. No FX fee on US dollars. Other currencies cost 2% on Lite, 1.5% on Core and nothing on Platinum.
Short answer: At $2,000 a month in the EU, Plasma One costs $5.58 a month more than it pays back, after fees and FX. It advertises up to 4% cashback. In our own test, purchases in AUD cost 3.13% over the market rate, against the 1.5% it publishes (3 purchases, 3 Oct 2026 to 4 Oct 2026).
Terms checked Our full testHow we work it out
- Fee-tested on 13 real purchases
- Visa
- Prepaid
- Apple Pay and Google Pay
- Self-custody
- Free plan
- Airport lounges
- Travel insurance
- Subscription deals
- Earn on your balance
- Metal card
In US dollars. FX on EUR spending is included.
Count Plasma One's category bonuses
Part of your monthly spend. Leave blank if none.
−$5.58 a month
Advertised up to 4% , real cashback rate −0.3%, on the Core plan
$50.00 cashback$16.58 card fees$39.00 FX and other fees
Sign-up bonus: new users who join through our link get $10 to spend on the card once they spend $100 at two or more stores within 14 days.
Affiliate link: we may earn a commission if you sign up.
Pick a plan
Plasma One has three plans: Lite, Core and Platinum.
- Lite is free and pays 2% on the first $500 a month, then 0.1%.
- Core costs $199 a year, or needs 20,000 XPL locked up instead. It pays 3% on the first $1,000 a month, then 2% on the next $1,000, then 1% on the next $1,000, then 0.25%.
- Platinum needs 100,000 XPL locked up and pays 4% on the first $3,000 a month, then 3% on the next $7,000, then 2% on the next $5,000, then 1%.
The FX fee on purchases outside US dollars is 2% on Lite, 1.5% on Core and 0% on Platinum.
Lite
Free, 2% on the first $500, then 0.1%, up to $250 a month back
−$37.50 a month, −1.9%
- Pays the most
Core
$199 a year, 3% on the first $1,000, then 2% on the next $1,000, then 1% on the next $1,000, then 0.25%
- 5% on AI tools like ChatGPT, Claude and Cursor on the first $250 a month, then 4% to $500
- ChatGPT Go subscription paid back, up to $8 a month
−$5.58 a month, −0.3%
Core (locked)
Free, 3% on the first $1,000, then 2% on the next $1,000, then 1% on the next $1,000, then 0.25%
To unlock: 20,000 XPL
About $1,510 at a recent price
Locking the tokens never pays for itself, at any spend
- 5% on AI tools like ChatGPT, Claude and Cursor on the first $250 a month, then 4% to $500
- ChatGPT Go subscription paid back, up to $8 a month
Doesn't pay for itself at this spend
Platinum
Free, 4% on the first $3,000, then 3% on the next $7,000, then 2% on the next $5,000, then 1%, up to $1,000 a month back
To unlock: 100,000 XPL
About $7,530 at a recent price
Locking the tokens pays for itself from about $2,500 a month of spend
- 10% on AI tools like ChatGPT, Claude and Cursor on the first $500 a month, then 5% to $1,000
- ChatGPT Plus and Claude Pro paid back, up to $20 a month each
- 10% on flights booked direct with 13 partner airlines, up to $600 back a year
Doesn't pay for itself at this spend
Pays for itself means the tier pays you back more than this card's plans that need nothing held, even after the cost of holding. We count that cost as 15% a year of the tokens' value, or 4% a year of interest on any balance above a month of spending. Token prices come from CoinGecko.
What you keep as spend grows
Hover the line to see other amounts.
Show as a table
| Monthly spend | What you keep | Plan |
|---|---|---|
| $250 | −0.45% | Lite |
| $500 | −0.45% | Lite |
| $750 | −1.08% | Lite |
| $1,000 | −0.61% | Core |
| $1,500 | −0.39% | Core |
| $2,000 | −0.28% | Core |
| $2,500 | −0.21% | Platinum |
| $3,000 | 0.41% | Platinum |
| $4,000 | 0.95% | Platinum |
| $5,000 | 1.27% | Platinum |
| $6,000 | 1.48% | Platinum |
| $7,500 | 1.7% | Platinum |
| $10,000 | 1.91% | Platinum |
Every fee
Lite is free. Core costs $199 a year, unless you lock XPL instead. Platinum needs 100,000 XPL locked for 12 months. Outside US dollars, spending costs 0.3% to 2.3% depending on the plan, Visa’s exchange rate included. Crypto deposits cost from 0.15% each.
- Yearly fee
- $199
- FX fee
- Lite 2%, Core 1.5% (0.5% Plasma markup plus about 1% Visa), Platinum 0% (Plasma covers the Visa fee) on non-USD spend
- Conversion fee
- 0% crypto-to-USD conversion
- Topping up
- Crypto deposits: a 0.15% to 0.75% Plasma fee on every tier, plus any network, bridge or swap fee. Bank deposits: a flat fee per transfer, from $0.30 (SEPA or UK Faster Payments on Platinum) to $15 (US wire on Lite or Core). Bank withdrawals: 0.1% to 1% by tier and rail, plus the rail's fee (help center, 12 Oct 2026)
- ATM withdrawals
- $2 + 2% per withdrawal with the physical card (Core and Platinum), $1 per balance check or declined withdrawal, plus Plasma's FX fee on other currencies and any ATM operator fee. ATM withdrawals earn no cashback (help center, 1 Oct 2026)
- Card issue
- $0 to open; Lite needs a $10 first deposit to activate, and in some regions a $10 card fee applies instead (help center, 23 Sep 2026)
- Monthly fee
- $0 (Lite); Core $199/yr or lock 20,000 XPL (12 mo); Platinum lock 100,000 XPL (12 mo) only, an amount Plasma's terms let it change
Our own test
Our fee test · In October, on Core · 3 AUD purchases on our own card
We actually paid 3.13% above the mid-market rate, against 1.50% in advertised fees.
Read the full fee test: 13 purchases, every currency →Where these numbers come from
Plasma One's published terms, checked . Where sources disagree, we go with the less generous reading.
- Plasma One International Card TermsTerms
- Plasma One Rewards AddendumTerms
- Plasma help center: fees on Plasma OneFee schedule
- Plasma help center: feesFee schedule
- Plasma help center: FX feesHelp center
- Plasma help center: ATM withdrawalsHelp center
- Plasma help center: the $10 referral bonusHelp center
- Plasma help center: locking XPL to upgrade your tierHelp center
- Plasma One plans pageOfficial site
- Our fee test, Jun to Oct 2026Our test
What changed on this card
- Higher fee on purchases outside US dollarsOn our own Plasma One card (Core), Plasma's fee line on Australian-dollar purchases was 0.5% in June and July and about 1.4% in October, on top of an exchange rate about 2% worse than the mid-market rate. All in, purchases cost a median 3.1% in October (3 purchases) and 2.6% in June and July (10 purchases). Plasma publishes 1.5% for Core. We saw the change on 3 Oct; when it started isn't known.Our fee test, Jun to Oct 2026Costs more
- ATM fees publishedPlasma's help center now says the physical card works at any Visa ATM: $2 plus 2% a withdrawal, up to $1,000 a time, with Plasma's FX fee on other currencies. Virtual cards can't be used at ATMs, and withdrawals earn no cashback. In September no ATM terms were published.Plasma help center: ATM withdrawalsTerms update
- FX fee now depends on planPlasma's fee table puts non-USD spend at about 2% on Lite and about 1.5% on Core, while Platinum pays 0% because Plasma covers the Visa fee.Plasma help center: fees on Plasma OneTerms update
What's good and what to watch
Good
- Entry 2% cashback free, no fee, no stake (Lite)
- No FX fee on Platinum: Plasma covers Visa's fee
- Self-custodial stablecoin balance (you own the funds)
- Idle balance earns up to ~5% APY via Earn vault
- Visa acceptance across 180+ countries
- Core can be unlocked with a $199/yr subscription (no lock required) or by locking XPL
Watch
- Cashback is worked out in US dollars but paid in XPL, Plasma's own token, so what it's worth moves with XPL's price
- Not open to people in the US
- ATM withdrawals cost $2 plus 2% and need the physical card, which comes with Core or Platinum (Lite is virtual only)
- Platinum can only be unlocked by locking 100,000 XPL for 12 months, with no way to pay instead, and Plasma's terms let it change that amount
- Locked XPL can't come out early or be partly refunded, and upgrading locks all your XPL again for a fresh 12 months
- Purchases in Australian dollars cost about 3.1% over the market rate on Core in our own test, about double the published 1.5%
XPL price
At a glance
- Network
- Visa
- Custody
- self-custodial
- Card type
- prepaid
- Form
- Physical & virtual
- Mobile wallets
- ✓ Apple Pay✓ Google Pay
- Chains
- PlasmaEthereumSolanaArbitrumBaseOptimismPolygonTron
- Tokens
- USDTUSDC
- Availability
- 180+ countries (excl. USA, Cuba, Iran, North Korea, Syria)
- Not offered in
- Israel, Nigeria and Turkey
- KYC
- Required (Sumsub)
- Funding
- Crypto (USDT, USDC, USDG, USDe, PYUSD, USDS, EURC, ETH, cbBTC and more)Bank transfers in USD, EUR, GBP, MXN, BRL and COP
- Spending limit
- High daily limits reported (varies by source)
- ATM limit
- Lite $500 per withdrawal, 2 tries in any 24 hours, $1,000 a day · Core $1,000, 3 tries, $3,000 a day · Platinum $5,000, 5 tries, $25,000 a day. The ATM fee counts toward the per-withdrawal limit, and declined tries count
Perks and benefits
- Lounge accessAirport lounge access (Platinum / Visa Infinite only)
- Travel insuranceTravel, medical & trip-cancellation cover (Platinum only)
- ConciergeVisa concierge (Platinum only)
- Offers & creditsBundled AI subs (Core: ChatGPT Go; Platinum: Claude Pro + ChatGPT Plus) + up to $600/yr flight cashback
- Idle-balance yieldIdle USD₮ Earn vault ~4–6% APY (variable; Platinum boosted on the first $500k)
Compare it and read more
Compare Plasma One
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Sign-up bonus: new users who join through our link get $10 to spend on the card once they spend $100 at two or more stores within 14 days.
Affiliate link: we may earn a commission if you sign up.
General information only. These figures are calculated from the spend you enter and the card terms we've collected. We haven't considered your objectives, financial situation or needs, and this isn't a recommendation. Consider whether a card suits you and read the provider's terms before applying. Figures are estimates, terms change, and crypto is volatile.
Affiliate link: we may earn a commission if you sign up.