Ether.fi Cash
Best for documentation-led evaluation
How it rates
- Programme page published at a public address
- No fee documentation found at a conventional public address
- Terms not found at a conventional public address
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Met
- Not metTerms and conditions published
Not found at a conventional address at this check.
- Met
- Met
- MetProgramme documentation reachable without an account
No account required at this check.
www.ether.fi/cash
- Not metFee documentation published at a public address
Not found at a conventional address at this check.
- Not metFee documentation readable without an account
Not established at this check.
- Not metCosts documented alongside the programme
Neither fee nor terms documentation found at this check.
- Not metRates displayed on the fee page
Not available at this check.
- Not metTerms describe charges and liability
Not found at a conventional address at this check.
- Met
- Not metFee or pricing information published
Not found at this check.
- Not metTerms published
Not found at this check.
- Not metSupport or help resource published
Not identified at this check.
- Met
- Met
- Met
- Not metTerms documentation published
Not found at this check.
- Not metSupport channel published
Not identified at this check.
- Not metFee policy published
Not found at this check.
- Met
- Not metFee documentation reachable
Not found.
- Not metTerms reachable
Not found.
- Not metSupport reachable
Not identified.
- Met
A self-custodial Visa that borrows against staked ETH instead of selling it, keeping collateral productive while you spend against it.
Our assessment
ether.fi Cash is a self-custodial Visa that spends against staked ETH rather than a prepaid balance. Funds sit in a Safe smart contract the user controls; at the point of sale the protocol borrows USDC from on-chain liquidity and routes it to the card. The company cannot access or freeze the assets.
Borrowing instead of selling
In borrow mode the ETH collateral keeps earning staking yield while you spend against it, and no disposal occurs — so no taxable event on each purchase, in jurisdictions where that distinction holds. For a long-term ETH holder this is a materially different product from any card that sells crypto at checkout, and it is the reason to consider it.
The risk that comes with it
Spending against collateral is borrowing, and borrowing against a volatile asset has a liquidation price. A sharp ETH drawdown can force liquidation of the collateral that was supposed to be held long-term — the precise scenario the product was chosen to avoid. Anyone using borrow mode should know their loan-to-value the way they would know a credit limit.
Coverage and rates
The free Core tier earns 3% cashback plus ETHFI bonus rewards and 5% back on travel stays, across roughly 171 countries and about 30 US states. Card accounts migrated to Optimism's OP Mainnet during April 2026, with upgrades rolling out from 7 to 14 April.
Where fifteen indicators failed
Terms, fee documentation, published rates and cost documentation were all unreachable at conventional addresses. For a credit-like product with liquidation risk, published terms matter more than for a simple debit card — this is the largest documentation gap in the table relative to what the product does.
How rivals compare
| Service | Score | Best for | |
|---|---|---|---|
| Crypto.com Visa Card | 9.7 | published card terms and costs | Read → |
Frequently asked
Does this score rate Ether.fi Cash's rewards?
No. Rewards and cashback change frequently and are not scored. The score reflects what a prospective cardholder can read before applying: programme page, fee documentation and terms.
Why is cost weighted so heavily for cards?
A card is a payment rail. Its conversion spread and fees are the product, so the rubric puts 35% of the weight on whether those are published and readable.
Is regional availability part of the score?
No. Our methodology excludes country availability from scoring entirely. Check the provider's own terms for where the card is offered.