Ethena Pay / Third National / Rain · VISA

Ethena Pay Card

Name: Ethena Pay Card
Brand: Ethena Pay / Third National / Rain

Available

A Visa credit facility with tiered AVAX rewards and repayment obligations.

Official website ↗Compare this card →Company and locations →

Documented terms

Plan price: Standard account has no recurring fee; Pro/VIP qualification and any account-specific costs need confirmation
Issuance and shipping: Virtual issuance, activation and replacement are free
Per-purchase fee: Not yet verified
FX and conversion: USD purchases have no purchase fee; non-USD Visa conversion is variable and usually around 1%, not a guaranteed cap
Top-ups: Not yet verified
ATM: Where enabled: $1 + 0.65%; ATM operator fees may apply
Rewards and limits: Standard: 4% first $2,500/month, 1% to $4,000, then 0%; paid in discretionary AVAX. Pro/VIP use different bands
Eligibility: App is live in 48 jurisdictions, but card access has separate issuer rules and excludes US persons
Custody: Not yet verified

Plans and costs

Your scenario

Monthly spendingSettlement currencyPeriodResidence

Eligible purchases, travel and other costs

Eligible spending (%)Spending in another currency (%)Merchants in another country (%)Monthly top-upMonthly ATM amountATM withdrawals per monthOther monthly costs (gas, small-purchase fees)

Estimate for 12 identical months. Monthly spending means total card purchases; eligible share affects rewards only. Network exchange rates, tax, volatility and external costs are excluded unless entered as extra costs. Unverified residence does not establish eligibility.

Standard USD

USD card spend through the Ethena account facility; repay under the issuer terms

Net estimate unavailable

Still to verify or satisfy: Borrowing costs and obligations; Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific..

Residence eligibility still needs confirmation.

Annual fee: $0.00
Reward asset: AVAX

Bands, conditions and sources

4% · $0.00 – $2,500.00 / eligible month
1% · $2,500.00 – $4,000.00 / eligible month
0% · above $4,000.00 / eligible month

Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific.

Discretionary AVAX rewards after transaction settlement; rewards are not guaranteed.

Non-USD conversion is variable (typically around 1%) and is not modeled as a guaranteed fee cap.
Credit, repayment, late-payment and returned-payment costs are not part of the card rewards estimate.

Ethena Pay: Card and account pricing ↗
Checked 2026-10-04

Pro USD

USD card spend through the Ethena account facility; repay under the issuer terms

Net estimate unavailable

Still to verify or satisfy: Borrowing costs and obligations; Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific.; Annual price.

Residence eligibility still needs confirmation.

Annual fee: Not yet verified
Reward asset: AVAX

Bands, conditions and sources

4.50% · $0.00 – $8,000.00 / eligible month
2% · $8,000.00 – $10,000.00 / eligible month
1% · $10,000.00 – $12,000.00 / eligible month
0.50% · above $12,000.00 / eligible month

Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific.

Discretionary AVAX rewards after transaction settlement; rewards are not guaranteed.

Non-USD conversion is variable (typically around 1%) and is not modeled as a guaranteed fee cap.
Credit, repayment, late-payment and returned-payment costs are not part of the card rewards estimate.

Ethena Pay: Card and account pricing ↗
Checked 2026-10-04

VIP USD

USD card spend through the Ethena account facility; repay under the issuer terms

Net estimate unavailable

Residence eligibility still needs confirmation.

Annual fee: Not yet verified
Reward asset: AVAX

Bands, conditions and sources

5% · $0.00 – $20,000.00 / eligible month
2% · $20,000.00 – $30,000.00 / eligible month
1% · $30,000.00 – $40,000.00 / eligible month
0.50% · above $40,000.00 / eligible month

Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific.

Discretionary AVAX rewards after transaction settlement; rewards are not guaranteed.

Non-USD conversion is variable (typically around 1%) and is not modeled as a guaranteed fee cap.
Credit, repayment, late-payment and returned-payment costs are not part of the card rewards estimate.

Ethena Pay: Card and account pricing ↗
Checked 2026-10-04

Sources and dates

Each source states what it documents and when it was checked. An older reference does not confirm every current cost.

Ethena Pay: Card and account pricing ↗
Account and card pricing, tiered monthly AVAX cashback bands, USD purchase fees, non-USD network conversion and ATM pricing.
Checked 2026-10-04
Ethena Pay: Spend Card terms ↗
Visa card, issuing and program partners, third-party financial institution responsibilities, card eligibility, repayment duties, purchase APR, late and returned-payment fees, and excluded transactions. Effective 1 June 2026.
Checked 2026-10-04
Ethena Pay: Jurisdictions ↗
Countries where the app is live; individual account and card features have additional eligibility rules.
Checked 2026-10-04

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Guides to costs, cashback and custody →

Documented terms

Plan price

Standard account has no recurring fee; Pro/VIP qualification and any account-specific costs need confirmation

Issuance and shipping

Virtual issuance, activation and replacement are free

Per-purchase fee

Not yet verified

FX and conversion

USD purchases have no purchase fee; non-USD Visa conversion is variable and usually around 1%, not a guaranteed cap

Top-ups

Not yet verified

ATM

Where enabled: $1 + 0.65%; ATM operator fees may apply

Rewards and limits

Standard: 4% first $2,500/month, 1% to $4,000, then 0%; paid in discretionary AVAX. Pro/VIP use different bands

Eligibility

App is live in 48 jurisdictions, but card access has separate issuer rules and excludes US persons

Custody

Not yet verified

Plans and costs

Your scenario

Monthly spendingSettlement currencyPeriodResidence

Eligible purchases, travel and other costs

Eligible spending (%)Spending in another currency (%)Merchants in another country (%)Monthly top-upMonthly ATM amountATM withdrawals per monthOther monthly costs (gas, small-purchase fees)

Standard USD

USD card spend through the Ethena account facility; repay under the issuer terms

Net estimate unavailable

Still to verify or satisfy: Borrowing costs and obligations; Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific..

Residence eligibility still needs confirmation.

Annual fee: $0.00
Reward asset: AVAX

Bands, conditions and sources

4% · $0.00 – $2,500.00 / eligible month
1% · $2,500.00 – $4,000.00 / eligible month
0% · above $4,000.00 / eligible month

Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific.

Discretionary AVAX rewards after transaction settlement; rewards are not guaranteed.

Non-USD conversion is variable (typically around 1%) and is not modeled as a guaranteed fee cap.
Credit, repayment, late-payment and returned-payment costs are not part of the card rewards estimate.

Ethena Pay: Card and account pricing ↗
Checked 2026-10-04

Pro USD

USD card spend through the Ethena account facility; repay under the issuer terms

Net estimate unavailable

Residence eligibility still needs confirmation.

Annual fee: Not yet verified
Reward asset: AVAX

Bands, conditions and sources

4.50% · $0.00 – $8,000.00 / eligible month
2% · $8,000.00 – $10,000.00 / eligible month
1% · $10,000.00 – $12,000.00 / eligible month
0.50% · above $12,000.00 / eligible month

Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific.

Discretionary AVAX rewards after transaction settlement; rewards are not guaranteed.

Non-USD conversion is variable (typically around 1%) and is not modeled as a guaranteed fee cap.
Credit, repayment, late-payment and returned-payment costs are not part of the card rewards estimate.

Ethena Pay: Card and account pricing ↗
Checked 2026-10-04

VIP USD

USD card spend through the Ethena account facility; repay under the issuer terms

Net estimate unavailable

Residence eligibility still needs confirmation.

Annual fee: Not yet verified
Reward asset: AVAX

Bands, conditions and sources

5% · $0.00 – $20,000.00 / eligible month
2% · $20,000.00 – $30,000.00 / eligible month
1% · $30,000.00 – $40,000.00 / eligible month
0.50% · above $40,000.00 / eligible month

Credit facility and repayment obligations apply; each eligible purchase must exceed $1. Pro and VIP qualification is account-specific.

Discretionary AVAX rewards after transaction settlement; rewards are not guaranteed.

Non-USD conversion is variable (typically around 1%) and is not modeled as a guaranteed fee cap.
Credit, repayment, late-payment and returned-payment costs are not part of the card rewards estimate.

Ethena Pay: Card and account pricing ↗
Checked 2026-10-04

Sources and dates

Each source states what it documents and when it was checked. An older reference does not confirm every current cost.

Ethena Pay: Card and account pricing ↗

Account and card pricing, tiered monthly AVAX cashback bands, USD purchase fees, non-USD network conversion and ATM pricing.

Checked 2026-10-04

Ethena Pay: Spend Card terms ↗

Visa card, issuing and program partners, third-party financial institution responsibilities, card eligibility, repayment duties, purchase APR, late and returned-payment fees, and excluded transactions. Effective 1 June 2026.

Checked 2026-10-04

Ethena Pay: Jurisdictions ↗

Countries where the app is live; individual account and card features have additional eligibility rules.

Checked 2026-10-04