CoinsOnCards

    XPlace CardReview

    Non-custodial Visa credit card for borrowing against crypto collateral on the Solana blockchain.

    3.5· Updated: Token Generation Event (TGE) expected Q4 2026 with 40% of total token supply allocated to XP holders
    Visit issuer
    Cashback
    Up to 2.0%
    Custody
    hybrid
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: DeFi users wanting to spend crypto without selling and earning up to 16% APY.

    Skip if: You need ATM withdrawals or want to use assets outside the Solana ecosystem.

    • Earns DeFi yields (up to 16% APY) on collateral while borrowing.
    • Premium tiers have high annual fees, up to $5,000 for Platinum.
    • Limited to Solana-based assets, with a 2.5% credit origination fee.
    Get the XPlace Card

    How it works

    • * **Non-Custodial Borrowing:** Spend against crypto collateral on Solana without selling assets.
    • * **0% APR:** No interest charged on purchases made using the credit line.
    • * **DeFi Yield:** Continue earning yields (up to 16% APY) on deposited collateral.
    • * **Tiered Membership:** Four tiers (Basic, Silver, Gold, Platinum) with varying fees, limits, and benefits.
    • * **High Spending Limits:** Monthly limits range from $25,000 (Basic) to $1,000,000 (Platinum).
    • * **Travel Benefits:** Gold and Platinum tiers include airport lounge access, Fast Track passes, and travel discounts.
    • * **Instant Virtual Card:** Virtual card is issued instantly upon KYC approval for use with mobile wallets.
    • * **Supported Assets:** Supports 30+ Solana-based assets including SOL, wBTC, wETH, and stablecoins.

    Funding: Crypto deposit as collateral via self-custody smart contract

    Tier requirements & loyalty

    Referrals: 15-25% of referred users' rewards depending on tier

    Borrowing terms

    Interest: 0% APR on purchases

    Borrow Mode - credit line against crypto collateral

    Users can borrow 30-70% of deposited crypto value depending on asset volatility. Credit lines adjust dynamically with market prices, and liquidation protocols protect against undercollateralization. 2.5% one-time origination fee when first using credit line.

    Custody & risk

    • If the issuer disappears
      While the underlying crypto collateral remains in user-controlled smart contracts, the USDC used for transaction settlement is held custodially by the card issuer.
    • Regulatory risk
      Restricted in several countries including Russia, Belarus, and parts of Ukraine
    • Market risk
      Credit lines adjust dynamically with market prices, and liquidation protocols protect against undercollateralization
    • Counterparty risk
      When spending, converted USDC is held by the card issuer (Third National), creating counterparty risk for spent funds

    Users deposit crypto into self-custody smart contracts on Solana and maintain control of their private keys. When a transaction occurs, the necessary collateral is automatically converted to USDC, which is then held by the card issuer to settle the payment. Users retain full ownership of unspent crypto collateral.

    Protections

    • Non-Custodial Architecture - users maintain private keys through the app
    • Smart Contract Security - Solana-based contracts manage collateral and credit lines
    • Transaction Monitoring - Rain platform blocks prohibited merchant categories
    • KYC/AML - Standard identity verification and ongoing transaction monitoring
    • Card Controls - Freeze/unfreeze, PIN changes, and mode switching via app

    Limits

    notes
    Limits are expected to increase in 2026. High-stability assets (USDC, USDT): Up to 70% LTV. Major cryptocurrencies (SOL, BTC, ETH): 50-60% LTV. Volatile assets (meme coins): 30-40% LTV.
    atm daily
    Not supported
    atm monthly
    Not supported
    credit line max
    30-70% of deposited crypto value depending on asset volatility
    per transaction
    $5,000 - $50,000 depending on tier
    monthly spending
    $25,000 - $1,000,000 depending on tier

    The good

    • Non-custodial design preserves control of private keys.
    • Earns DeFi yields up to 16% APY on collateral.
    • 0% foreign transaction fees across all tiers.
    • Up to $1M monthly spending limit for Platinum.

    The catches

    • Limited to Solana blockchain assets only.
    • High annual fees for premium tiers ($1K-$5K).
    • 2.5% origination fee on first credit line use.

    Limitations

    • majorATM withdrawals not supported
    • moderateLimited to Solana blockchain assets only
    • moderateHigh annual fees for premium tiers ($1K-$5K)
    • moderate2.5% origination fee when first using credit line
    • moderateCash advances not supported
    • minorCashback only applies in Borrow Mode, not Debit Mode

    What users say

    App Store
    5.0/5.0 (1 ratings) - not counted
    Google Play
    3.5/5.0 (35 ratings)

    Rating breakdown

    Net reward
    3.3
    Custody risk
    3.5
    Availability
    3.5
    User experience
    3.5
    Features & convenience
    4.0

    See our methodology for how we score each axis.