Good
- Spends USDC from a self-custody wallet secured by your passkey
- 0.5% service fee, cut to 0% if you hold $10,000 of KARMA
- No monthly or subscription fee
- Works with Apple Pay and Google Pay
Watch out
- 0.5% service fee on every card payment by default
- 1% FX fee plus a $0.30 Visa fee on non-USD payments
- Fee discounts need $2,500 or more held in the KARMA token
- Not offered in India, Nigeria or Kosovo
Karma Card is a Visa that spends USDC from the self-custody wallet in the Karma app. It has no monthly fee, charges 0.5% on every payment and 1% on non-dollar payments, and pays rewards as Karma Points that turn into cashback in the KARMA token.
Karma is a crypto app that combines token trading across several chains, bank account numbers in euros, dollars and pounds, and the card. The card is the spending end of that app: you top it up with USDC from your Karma balance, and the KARMA token you hold decides how much you pay in card fees.
Karma Card cashback
Karma Card earns Karma Points on every purchase, and those points decide your rewards tier and the cashback rate that comes with it.
The tiers are called Seed, Rising, Elite and Black. Points from card spending and token swaps move you up, and holding the KARMA token multiplies the points you earn, by 1.1x from $10 held up to 3x from $10,000. Holding $2,500 of KARMA also puts you straight into Rising, and $10,000 into Elite.
Karma doesn't publish the cashback rate for each tier, so you can't work out in advance what a month of spending will return. Cashback is paid in KARMA, or since September 2026 in a tokenized stock such as SPY or AAPL if you prefer.
Karma Card fees
Karma Card charges a 0.5% service fee on every card payment and has no monthly or subscription fee, according to Karma's fee page.
The service fee is the cost that matters at home. At $1,000 a month of spending, 0.5% comes to $5 a month or $60 a year. Holders of $2,500 or more in KARMA pay half, and holders of $10,000 or more pay nothing, with the discount applied at the moment you pay.
Payments in other currencies cost more. Visa charges a 1% FX fee on non-USD transactions and adds a $0.30 international fee per payment, so a payment worth $50 in another currency costs $1.05 in fees with the standard 0.5%. The card terms allow the FX fee to rise to 3% in future.
Holding $10,000 of a volatile token to save 0.5% only makes sense for heavy spenders. On $1,000 a month you save $60 a year, which a small move in the KARMA price can wipe out.
Karma Card ATM withdrawal fees
Karma Card can be used at ATMs, but Karma doesn't list the withdrawal fee on its fee page.
Karma added ATM support in January 2026 and says withdrawals carry the applicable fees. The ATM owner may add a charge of its own, so for regular cash withdrawals a card with a published ATM allowance is the safer choice.
Is Karma Card safe?
Karma Card spends from a self-custody wallet: your keys are protected by a passkey on your device, Karma can't move your funds, and you can export your keys at any time.
The card itself is run with regulated partners. The program is powered by Rain and the cards are issued by Third National under a licence from Visa. Bank transfers in and out run through Bridge, which also handles identity checks, so you need a government ID and a selfie to get started.
Karma Fintech LTD is a financial technology company, not a bank, and balances aren't covered by deposit insurance. The KARMA token is overseen by a Swiss non-profit association and gives no claim on the company.
Self-custody protects you if Karma fails, but it also means a lost device and lost keys can't be recovered by support. Keep your passkey and an exported backup safe.
Who should get Karma Card
Karma Card suits people who already use Karma to trade or receive money and want to spend their USDC without sending it to an exchange first.
For them the card is convenient, because trading, banking and spending share one balance. Big KARMA holders get the best deal, since $10,000 of tokens removes the service fee entirely.
For anyone else, a 0.5% fee on every payment and points-based rewards make Karma Card hard to choose over cards with no conversion fee and a fixed reward. The comparison below shows the alternatives in your country.
Where Karma Card is available
Karma Card is available in much of Europe, the Americas, Asia and Africa, including the United States, but not in India, Nigeria or Kosovo.
Karma's banking partner doesn't serve Cuba, Iran, Myanmar, North Korea, Syria or Russia, and countries such as China, Pakistan, Bangladesh and Venezuela are limited to special programmes. The app shows whether the card is offered in your country before you start the sign-up.