Short answer
ether.fi Cash is a Visa card that spends from your ether.fi Vault, offered in Canada including a physical card. The free Core level pays 3% back in ETHFI on the first US$2,000 a month, then 1% and 0.5%, minus a 0.5% FX margin on CAD purchases. ether.fi is not a CSA-registered platform.
Figures as of November 4, 2026.
Fees
- Annual / monthly
- Core: no fee listed; Luxe US$199/year; Pinnacle US$999/year (source, read 2026-11-04)
- Foreign currency
- FX margin on top of the base rate for non-USD/EUR purchases, including CAD: Core 0.5%, Luxe 0.25%, Pinnacle and VIP none (source, read 2026-11-04)The card is US-dollar based, so CAD purchases at Canadian merchants pay this margin too.
- ATM
- No ATM fee listed; up to US$5,000 per withdrawal and US$25,000 a rolling 24 hours; no cashback on ATM withdrawals (source, read 2026-11-04)
- Card issuance / replacement
- Physical card: Core US$50 (none free), Luxe 1 free then US$100, Pinnacle 2 free then US$100. First virtual card US$10 in some regions (source, read 2026-11-04)
Rewards and how they pay out
- Headline
- 3% back in ETHFI on the first US$2,000 a month (Core), then 1% to US$3,000, then 0.5% (source, read 2026-11-04)
- Paid in
- ETHFI (ether.fi’s token) (source, read 2026-11-04)
- When credited
- Converted to ETHFI when the purchase clears, then locked for 7 days before you can claim it (source, read 2026-11-04)
- Condition
- No cashback on ATM withdrawals, money transfers, quasi-cash, stored-value loading, securities, gambling, peer-to-peer payments, currency exchange or gift cards (source, read 2026-11-04)
- Condition
- Borrow Mode spends against your Vault as collateral at a variable interest rate set by Aave markets, with no grace period; Direct Pay Mode spends the assets themselves (source, read 2026-11-04)
| Tier | Reward rate | What it requires | Monthly fee | Foreign currency | Reward cap |
|---|---|---|---|---|---|
| Core | 3% | Free level; no fee listed (source, read 2026-11-04) | — | 0.5% margin on all non-USD spend | 3% to US$2,000/month, 1% to US$3,000, then 0.5% |
| Luxe | 3% | US$199 a year (or monthly points) (source, read 2026-11-04) | $23.17 | 0.25% margin on all non-USD spend | 3% to US$10,000/month, 1% to US$20,000, then 0.5% |
| Pinnacle | 3% | US$999 a year (or monthly points) (source, read 2026-11-04) | $116.33 | No FX margin | 3% to US$50,000/month, 1% to US$80,000, then 0.5% |
Where it’s available
- Provinces and territories
- All provinces and territories (source, read 2026-11-04)No province restrictions are stated; subject to KYC. Availability “may change over time”.
Custody, spending and wallets
- Who holds the crypto
- Not stated (source, read 2026-11-04)Spending draws on your ether.fi Vault; the help article we read does not say who holds the keys, so check the app’s terms.
- How a purchase is paid
- Direct Pay Mode spends eligible assets in your ether.fi Vault; Borrow Mode borrows against them at a variable rate (source, read 2026-11-04)
- Apple Pay
- Not stated by the issuer (source, read 2026-11-04)ether.fi says Apple Pay is “only available for cardholders living in certain countries” and does not list them.
- Google Pay
- Yes (source, read 2026-11-04)
Regulatory status
- Platform
- ether.fi is not on the CSA list of authorized crypto platforms (version dated Sep 18, 2026). The help pages we read do not name the card issuer (source, 2026-09-18)
Check the platform yourself on the CSA authorized list. More in who regulates crypto cards.
The tier most people would start on, at $1,500 a month in CAD and $150 in foreign currency.
| Card and tier | ether.fi Cash — CoreOffshore: not a CSA-registered platform |
|---|---|
| Purchases in CAD | $1,500 a month |
| Purchases in a foreign currency | $150 a month |
| Rewards (at the CAD value when credited) | $594.00 a year3% of eligible spend, paid in ETHFI |
| Fixed fees | $0.00 |
| Foreign-currency fees | $0.00 |
| Conversion fees | −$99.000.5% of spend, charged by the card to convert what you spend |
| Net a year | $495.00No fixed fee to recover. |
Open this example in the calculator →Computed 2026-11-03.
What every tier could earn on that budget
$1,500 a month of Canadian purchases and $150 in foreign currency, with rewards valued on the day credited. Use the calculator for your own numbers.
| Tier | Rewards / yr | Fees + FX / yr | Net / yr |
|---|---|---|---|
| Core | $594 | $0 | $495 |
| Luxe | $594 | −$278 | $267 |
| Pinnacle | $594 | −$1,396 | −$802 |
Before you apply
- Rewards are paid in ETHFI, ether.fi’s own token, and locked for 7 days after each purchase clears. Their CAD value moves with ETHFI: see reward value after volatility.
- Borrow Mode is a loan against your crypto at a variable rate with no grace period; if your collateral falls, you can be liquidated.
- CAD purchases pay the FX margin (0.5% on Core) because the card is US-dollar based.
- ether.fi is not a CSA-registered platform. Treat it like any offshore service: keep only spending money there.
- Physical cards cost US$50 on Core; the first virtual card is US$10 in some regions.
Official sources for this card
- ether.fi Help — In which countries is the Cash card available? — no date shown; read November 4, 2026
- ether.fi Help — What are the benefits of a personal Cash credit card? — no date shown; read November 4, 2026
- ether.fi Help — How does cashback work? — no date shown; read November 4, 2026
- ether.fi Help — What’s the foreign exchange (FX) rate used on Cash transactions? — no date shown; read November 4, 2026
- ether.fi Help — ATM withdrawal limits for personal Cash cards — no date shown; read November 4, 2026
- ether.fi Help — Which transactions don’t earn cashback? — no date shown; read November 4, 2026
- ether.fi Help — Borrow Mode vs Direct Pay Mode — no date shown; read November 4, 2026
- ether.fi Help — How do I add my card to Apple Wallet or Google Pay? — no date shown; read November 4, 2026
- CSA — Crypto platforms authorized to do business with Canadians — page dated September 18, 2026
- Bank of Canada Valet — USD/CAD (FXUSDCAD) — page dated November 2, 2026