Short answer
The MetaMask Card is a self-custody Mastercard debit card that Canadians can get as a free digital card with 1% back in mUSD. Its fee table charges 0.5% to spend a USD stablecoin at a Canadian merchant and 1% on foreign merchants, so on $1,500 a month at home plus $150 abroad it nets about $81 a year after fees.
Figures as of November 4, 2026.
Fees
- Annual / monthly
- Free tier $0 (the Metal tier, $199/year, is not offered in Canada) (source, read 2026-11-04)
- Foreign currency
- 1% cross-border fee when the merchant is outside your country (free tier) (source, read 2026-11-04)
- ATM
- Not available in Canada: the free tier is a digital card with no physical card here (the table lists 2% for physical-card ATM use) (source, read 2026-11-04)
- Card issuance / replacement
- Digital card free, activated in the app (source, read 2026-11-03)
- Other
- Token conversion: no fee for a stablecoin in your own currency; 0.5% for a stablecoin in neither your nor the merchant’s currency (e.g. USDC or mUSD at a CAD merchant); 0.875% for other tokens such as wETH. No CAD stablecoin is supported, so Canadians pay 0.5% or more on CAD purchases (source, read 2026-11-04)
- Other
- Limits: US$10,000 per transaction and US$15,000 a day on the free tier (source, read 2026-11-04)
Rewards and how they pay out
- Headline
- 1% back in mUSD on the free card (source, read 2026-11-03)
- Paid in
- mUSD (a US-dollar stablecoin) (source, read 2026-11-03)
- When credited
- Not stated on the product or fee pages (source, read 2026-11-03)
| Tier | Reward rate | What it requires | Monthly fee | Foreign currency | Reward cap |
|---|---|---|---|---|---|
| Free (digital) | 1% | Free, in the MetaMask app (source, read 2026-11-04) | — | 1% cross-border | None stated |
Where it’s available
- Provinces and territories
- All provinces and territories (source, read 2026-11-03)No province exclusions are stated. Confirm in the app before applying.
Custody, spending and wallets
- Who holds the crypto
- Self-custody (source, read 2026-11-03)“You maintain self-custody of your funds until the second you pay.”
- How a purchase is paid
- Converts supported tokens (mUSD, wETH, USDC, USDT and others on Linea, Base, Monad and Solana) to local currency at checkout (source, read 2026-11-03)
- Apple Pay
- Yes (source, read 2026-11-03)
- Google Pay
- Yes (source, read 2026-11-03)
Regulatory status
- Platform
- MetaMask is self-custody wallet software from Consensys, not a Canadian crypto trading platform; it is not on the CSA authorized list. The pages we read do not name the card issuer for Canada (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 | MetaMask CardOffshore: 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) | $198.00 a year1% of eligible spend, paid in mUSD |
| Fixed fees | $0.00 |
| Foreign-currency fees | −$18.00 |
| Conversion fees | −$99.000.5% of spend, charged by the card to convert what you spend |
| Net a year | $81.00No 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 |
|---|---|---|---|
| Free (digital) | $198 | −$18 | $81 |
Before you apply
- Conversion fees eat most of the reward. Spending mUSD or USDC at a Canadian merchant costs 0.5%; other tokens cost 0.875%. On $1,500 a month the 1% reward nets about half after the 0.5% fee.
- Foreign merchants add a 1% cross-border fee on the free tier.
- Self-custody means no account recovery: lose your seed phrase and the funds are gone. See security.
- Spending a token is a disposition for tax each time you pay. See spending crypto with a card.
- No ATM access in Canada, and rewards in mUSD move with USD/CAD; stablecoins are not CDIC insured.
Official sources for this card
- MetaMask — MetaMask Card — no date shown; read November 3, 2026
- MetaMask Support — MetaMask Card limits and fees — no date shown; read November 4, 2026
- CSA — Crypto platforms authorized to do business with Canadians — page dated September 18, 2026