Good
- Self-custody wallet, so COCA doesn't hold your funds
- 1% cashback on the free plan, up to $15 a month
- Free virtual card, and a $5 physical card on lower tiers
- First $250 of ATM withdrawals each month without COCA's fee
Watch out
- 3% to 8% needs 300 to 30,000 COCA tokens staked
- Every tier caps cashback, from $15 to $350 a month
- Staked COCA stays locked for as long as you hold the tier
- Not available in the United States
COCA Card is a Visa debit card that spends from a self-custody COCA wallet. The free Starter plan pays 1% cashback on up to $1,500 of spending a month, which is $15 at most. Staking COCA tokens unlocks rates from 3% to 8%. The virtual card is free and the physical card costs $5 on the lower tiers.
COCA runs one program for every supported country, with dollar pricing and the same tiers everywhere. A customer in Germany and a customer in Japan see the same rates, caps and fees.
COCA Card cashback
COCA Card pays 1% cashback on the free Starter plan and between 3% and 8% on five higher tiers that require staking COCA tokens.
Every tier has a monthly cashback cap, set in dollars of cashback. Starter's 1% stops at $15, which is reached after $1,500 of spending. Standard pays 3% up to $25 a month, so the cap is reached at about $833. Standard+ pays 4% up to $35, Premium 5% up to $60, Premium+ 6% up to $140, and Elite 8% up to $350, which takes $4,375 of spending.
The stake is counted in COCA tokens. According to COCA's tier terms, Standard needs 300 COCA (about $470 at the listed price), Standard+ needs 1,000, Premium 3,000, Premium+ 10,000 and Elite 30,000 (about $47,000). Staked tokens stay locked for as long as you hold the tier, and their dollar value moves with the token price.
The extra cashback is small next to the stake. Standard earns at most $10 a month more than Starter, or $120 a year, on roughly $470 of tokens. Premium earns up to $45 more than Starter for about $4,700 staked. Those returns only hold if the COCA price stays flat.
COCA's terms say cashback is credited in stablecoins to your own wallet. ATM withdrawals, crypto purchases, gambling, government payments and payments through PayPal, Alipay or WeChat Pay earn nothing.
COCA Card fees
COCA Card has no monthly or annual fee, and the only card fee COCA publishes is $5 for the physical card on the three lower tiers.
The virtual card is free on every tier. The physical card is free on Premium, Premium+ and Elite, which start at 3,000 COCA staked.
COCA advertises zero FX fees on direct currency pairs, but it doesn't list a crypto conversion fee for card payments, so check the exchange rate in the app on your first payment abroad.
COCA Card ATM withdrawal fees
COCA Card lets you withdraw $250 a month without COCA's ATM fee, then charges 2% on the rest.
A $400 withdrawal in one month costs 2% on the $150 above the allowance, which is $3, plus whatever the ATM owner charges. The allowance is the same on every tier, so staking doesn't buy cheaper cash.
COCA's limits page sets a cap of €850 a day, €5,000 a month and 5 withdrawals a day, and ATM withdrawals don't earn cashback.
Is COCA Card safe?
COCA Card is self-custody: your money sits in a smart contract wallet that you control, and COCA says it doesn't hold or control those funds.
The wallet is a smart contract wallet that works without a seed phrase, and COCA's site says it's powered by Privy with biometric recovery. When you pay, the wallet approves that specific amount for that specific payment, and only that amount moves for settlement, while the rest of the balance stays in your wallet.
The app has daily and weekly spending limits, merchant permissions and an instant freeze. COCA describes itself as the interface for the app, card, support and compliance, and it doesn't name the company that issues the Visa card.
Who should get COCA Card
COCA Card suits people outside the US who want a self-custody card with Apple Pay and Google Pay, and are happy with 1% on up to $1,500 a month.
The staking tiers are harder to justify. Premium needs about $4,700 of COCA tokens to raise the monthly maximum from $15 to $60. A 10% drop in the token price wipes out most of a year's extra cashback, so the higher tiers make sense only if you want to hold COCA anyway.
Heavy spenders also hit the caps quickly. Elite's 8% stops after $4,375 a month, and Standard stops after about $833. The comparison below shows the strongest alternatives in your country.
Where COCA Card is available
COCA Card is available in 76 countries across Europe, Latin America, Asia, Africa and the Middle East, including the UK, but not in the United States.