CoinsOnCards

    Kolo CardReview

    Hybrid-custody Visa/Mastercard debit card for spending crypto, including memecoins, on multiple chains.

    4.0· Updated: Native iOS and Android apps available
    Visit issuer
    Cashback
    Up to 5.0%
    Custody
    hybrid
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: Global users wanting to spend crypto with Apple/Google Pay and earn 2% BTC cashback.

    Skip if: You require fixed spending limits or live in the United States.

    • Earns 2% BTC cashback but has dynamic spending limits.
    • Supports Apple Pay/Google Pay but operates under a pending license.
    • No monthly fees but requires 10 USDC for card issuance.
    Get the Kolo Card

    How it works

    • • Spend cryptocurrencies (including memecoins) directly at Visa/Mastercard merchants worldwide
    • • Available in 189 countries
    • • Support for BTC, ETH, USDC, USDT, PEPE and more
    • • Supports Ethereum, Polygon, Optimism, and Arbitrum networks
    • • Seamless integration with Apple Pay and Google Pay
    • • Real-time crypto-to-fiat conversion at point of sale
    • • 'Memepay' feature allows direct spending of memecoins like PEPE
    • • Virtual and physical cards available

    Funding: Crypto wallet deduction at purchase · BTC · ETH · USDT · USDC · PEPE · other major cryptocurrencies and stablecoins

    Rewards calculator

    Estimated cashback
    $40
    Effective rate 2.0%
    • $0–∞ @ 2.0% → $40 on $2,000

    Tier requirements & loyalty

    Referrals: Multi-level referral program allowing users to invite others via Telegram bot or link

    Fees

    BankingSEPA: true · Send to Revolut, Wise, N26, or any SEPA bank from crypto

    Borrowing terms

    Interest: 0% APR and 0% interest on purchases

    Cash advances and balance transfers are not available

    Custody & risk

    • If the issuer disappears
      If the provider disappears, only assets in external wallets remain accessible; assets in Kolo accounts may be lost.
    • Regulatory risk
      Operating under testing regulatory regime with AFSA waiver acknowledgement; FinTech Lab Participant status pending approval
    • Counterparty risk
      Assets in Kolo accounts are held in omnibus wallets controlled by Kolo; if provider disappears, assets in Kolo accounts may be lost
    • Market risk
      Dynamic spending limits can be modified at any time, including being reduced to $0 with or without notice

    Kolo uses a hybrid custody model. Digital assets held in a Kolo account are custodied in omnibus blockchain addresses controlled by Kolo, with legal title remaining with the user. Assets in a user's own external wallet(s) are fully non-custodial and Kolo never holds those private keys. User funds are segregated from operational capital.

    Protections

    • Strong encryption protocols
    • Two-Factor Authentication (2FA)
    • Fraud Shield with real-time AML/risk checks
    • Biometric locks (fingerprint/facial recognition)
    • AML screening on all transactions
    • Multi-signature technology

    Limits

    notes
    Dynamic spending limits can be increased/decreased or reduced to $0 with or without notice
    atm daily
    Set by issuer, may vary per card or aggregate
    daily spending
    Dynamic limits set by Kolo, may be modified at any time
    monthly spending
    Dynamic limits set by Kolo, may be modified at any time

    The good

    • 2% standard BTC cashback, 5% welcome bonus.
    • No monthly or inactivity fees ($0).
    • 0% conversion mark-ups on USDT/USDC/EURC.
    • Supports Apple Pay and Google Pay.

    The catches

    • Spending limits can be reduced to $0.
    • Restricts crypto purchases and P2P funding.
    • Requires 10 USDC for card issuance.

    Limitations

    • majorDynamic spending limits that can be reduced to $0 without notice
    • moderateOperating under testing regulatory regime (FinTech Lab status pending approval)
    • moderateCash-like transactions restricted (crypto purchases, money orders, P2P funding)
    • moderateCashback program details (caps, regional eligibility, exact rules) are not fully disclosed publicly and can change
    • minorSome features like native apps still in development
    • minorCard issuance requires 10 USDC
    • minorPhysical card availability may depend on region and rollout stage

    Where rewards don't apply

    • Cryptocurrency purchases — Cash-like transaction restriction
    • Foreign currency purchases — Cash-like transaction restriction
    • Money orders and wire transfers — Cash-like transaction restriction
    • Lottery and gaming transactions — Cash-like transaction restriction
    • Peer-to-peer account funding — Cash-like transaction restriction
    • Certain third-party bill payments — Cash-like transaction restriction

    What users say

    Google Play
    4.2/5.0 (888 ratings)
    Trustpilot
    4.6/5.0 (32 ratings)

    User feedback has generally been positive regarding ease of use, transparent fee structure, and competitive exchange rates

    Rating breakdown

    Net reward
    5.0
    Custody risk
    3.5
    Availability
    4.5
    User experience
    4.2
    Features & convenience
    3.5

    See our methodology for how we score each axis.