Ethena Pay vs Tria Card
Side by side at your spend: what each card pays back after fees and FX, where you can get it and what it includes.
Short answer: At $2,000 a month in Australia, Ethena Pay pays back $54.00 a month and Tria Card pays back $61.17 a month. Tria Card comes out $7.17 a month ahead. At $500 and $5,000 a month, Ethena Pay comes out ahead instead, by $9.58 and $15.83. In our own tests, Ethena Pay’s purchases in AUD cost 1.08% over the market rate (4 purchases), and Tria Card’s purchases outside US dollars cost 1.93% over the market rate (310 purchases). Only Tria Card is open to people in the US, the UK, the EU and Canada.
Terms checked Ethena Pay , Tria Card How we work it out
In US dollars. FX on AUD spending is included.
Tria Card pays back $7.17 more a month than Ethena Pay at this spend.
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| Detail | Ethena Pay | Tria Card |
|---|---|---|
| Plan at this spend | Standard | Max (Metal) |
| Paid in | AVAX | USDT |
| FX on your spend | 1.3% | 1.9%, measured |
| Yearly fee | None | $20, $109 or $250 |
| Network | Visa | Visa |
| Card type | Credit | Prepaid |
| Custody | Self-custody | Self-custody |
| Available in | Australia, Asia-Pacific, Elsewhere (not Indonesia, Israel, South Korea, Nigeria, Turkey, Taiwan) | US, UK, EU, Canada, Australia, Asia-Pacific, Elsewhere |
| Perks | Earn yield | Lounge access, Earn yield, Metal card |
Tria CardFX marked measured is what we paid on our own purchases. The rest are worked out from each card's terms. How we work out FX
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
Tria Card
- Up to 6% cashback on the top tier (first $2,000/mo)
- No fees on US-dollar purchases
- Cashback paid in liquid USDT on Arbitrum, no vesting (Season 3, June 2026)
- Boosted rate only applies up to the monthly cap; spend above drops to 0.5%/1%
- Purchases outside US dollars pay a 0.5% Tria fee on top of Visa's 1% FX fee: about 1.9% over the market rate all in, in our own test
More: other comparisons, every card at your spend, or the cashback list.