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Ethena Pay vs Plasma One

Side by side at your spend: what each card pays back after fees and FX, where you can get it and what it includes.

a month in

All amounts in US dollars

Pays the mostEthena Pay

$80.00 a month

Advertised up to 4% , real cashback rate 4.0%

Plasma One

$33.42 a month

Advertised up to 4% , real cashback rate 1.7%

Ethena Pay pays back $46.58 more a month than Plasma One at this spend.

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DetailEthena PayPlasma One
Plan at this spendStandardCore
Paid inAVAXXPL
FX on your spend0%0%
Yearly feeNone$199
NetworkVisaVisa
Card typeCreditPrepaid
CustodySelf-custodySelf-custody
Available inAustralia, Asia-Pacific, Elsewhere (not Indonesia, Israel, South Korea, Nigeria, Turkey, Taiwan, Vietnam)UK, EU, Canada, Australia, Asia-Pacific, Elsewhere (not Israel, Nigeria, Turkey, Vietnam)
PerksEarn yieldLounge access, Travel insurance, Purchase protection, Concierge, Discounts & offers, Earn yield, Metal card

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.

Ethena Pay

  • 4% back on the first $2,500 a month on the free Standard tier
  • No issuance, monthly or subscription fee, and no Ethena Pay FX markup
  • Self-custodial: the card is secured by assets in your own wallet
  • Cashback is paid in AVAX, so its dollar value moves with the market
  • Standard pays 1% from $2,500 to $4,000 and nothing above $4,000 a month
Every plan and fee for Ethena Pay

Plasma One

  • 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)
  • Cashback accrues in USD but is PAID IN XPL, token-price volatility
  • US residents excluded
Every plan and fee for Plasma One

More: other comparisons, every card at your spend, or the cashback list.