SolCard
Visa + MastercardcustodialKYC: none
2.5 / 5
Net Reward1.3
Availability4.5
Custody & Risk2.0
Features3.0
SolCard is a prepaid debit card solution that enables Solana token holders to spend crypto at merchants worldwide. It offers instant virtual Mastercard and Visa cards, bridging Solana blockchain assets with traditional payment networks, with tiered options for no-KYC Mastercard usage or KYC-verified Visa with enhanced benefits.
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Slug: solcard
Latest News
All Visa SolCards being cancelled
June 26, 2025
All Visa SolCard's are getting cancelled. Users are able to withdraw their remaining balance back to Solana.
0% top-up fee for KYC users
June 18, 2025
SolCard now offers 0% top-up fee (instead of 5%) for everyone that does KYC.
Our Verdict
Solana ecosystem participants who hold SOL, USDT, USDC, or SOLC and seek immediate spending capabilities; privacy-focused users (Mastercard tier) or cost-conscious users willing to complete KYC (Full Access Visa tier); $SOLC token holders seeking cashback rewards through staking
Pros and cons
Pros
- Immediate access without lengthy approval processes or credit checks
- 0% top-up fee for Full Access (KYC) Visa users with limits up to $100,000/month
- No KYC requirements for Mastercard tier (up to $10,000/month)
- Direct spending of crypto assets without exchange withdrawal delays
- Mobile wallet integration (Apple Pay and Google Pay) for Full Access tier
- Global reach with worldwide acceptance at 150M+ merchants
- Tiered cashback program for $SOLC token stakers (up to 8%)
- Revenue sharing for qualifying token holders
- Support for multiple Solana-based cryptocurrencies (SOL, USDT, USDC, SOLC)
Cons
- 5% top-up fee for non-KYC Mastercard tier makes it expensive for frequent or large transactions
- Virtual cards only with no physical option
- Visa (Apple/Google Pay) now requires KYC verification
- Full Access upgrade temporarily unavailable to U.S. residents
- Mixed community trust ratings (2-3/5 on review platforms)
- History of sudden policy changes (mid-2025 Visa cancellations affected many users)
- Merchant restrictions may apply at issuer discretion
- Risk of account freezes for high decline rates or policy violations
- Limited transparency about exact merchant restriction lists
- $1 monthly maintenance fee
- No dedicated mobile app (web dashboard only)
Supported chains
BaseEthereumSolana
Supported cryptos
SOLUSDCUSDT
Fees
Monthly: $1.00 per month
Issuance: Approximately €10 (varies; issuer does not publish fixed fee table)
Key Features
- Crypto-funded Visa/Mastercard prepaid card for Solana assets
- No KYC required for Mastercard usage (up to $10,000/month)
- Instant card issuance with immediate crypto top-ups
- Apple Pay & Google Pay supported globally (Full Access Visa only)
- Virtual card format with mobile wallet integration
- 0% top-up fee for Full Access (KYC) Visa users
- Global availability with acceptance at 150M+ merchants worldwide
- Tiered cashback program for $SOLC token stakers (up to 8%)
- Revenue sharing for qualifying $SOLC token holders (50% of top-up fee revenue)
- Support for multiple Solana-based cryptocurrencies (SOL, USDT, USDC, SOLC)
Limitations
- 5% top-up fee for non-KYC Mastercard tier makes it expensive for frequent or large transactions
- Virtual cards only with no physical option
- Visa (Apple/Google Pay) now requires KYC verification
- Full Access upgrade temporarily unavailable to U.S. residents
- Mixed community trust ratings (2-3/5 on review platforms)
- History of sudden policy changes (mid-2025 Visa cancellations affected many users)
- Merchant restrictions may apply at issuer discretion
- Risk of account freezes for high decline rates or policy violations
- Limited transparency about exact merchant restriction lists
- $1 monthly maintenance fee
- No dedicated mobile app (web dashboard only)
- Cashback rewards paid in volatile SOL tokens
Risks
- CounterpartyCustodial model means users lose access to funds if provider disappearsPlatform holds all user crypto after deposit; users do not control private keys
- RegulatoryHistory of sudden policy changes including mass Visa card cancellationsMid-2025 Visa cancellations - many existing non-KYC Visa accounts were cancelled or frozen
- RegulatoryAll Visa SolCards being cancelled with balance withdrawal optionJune 26, 2025 - All Visa SolCard's are getting cancelled. Users are able to withdraw their remaining balance back to Solana.
- RegulatoryFull Access tier temporarily unavailable to U.S. residentsFull Access upgrade temporarily unavailable to U.S. residents as of mid-2025
- RegulatoryNo-KYC cards particularly exposed to sudden policy and regulatory changesSolCard's Visa cancellations in mid-2025 demonstrate this risk – users should avoid loading funds they cannot afford to have temporarily inaccessible
- MarketCashback rewards paid in volatile tokens may lose valueRating slightly penalized for payout in volatile SOL tokens
- SecurityRisk of account freezes for suspicious activity or policy violationsAutomatic security freezes for suspicious activity; Cards may be frozen or cancelled for policy violations
Rewards & Cashback
Notes: Official token page lists cashback as 'unreleased,' but third-party testing confirms tier structure is operational. Rating slightly penalized for payout in volatile SOL tokens.
Reward Token: SOLC or SOL (user's choice)
Cashback Rate: 1% - 8% depending on $SOLC staking tier (Bronze: 1%, Gold: 3%, Platinum: 8%)
Eligibility Requirements: Bronze: no staking required; Gold: 10,000 SOLC staked; Platinum: 100,000 SOLC staked
Spending Limits
Notes: Standard Mastercard: $10,000/month top-up limit; Full Access Visa: up to $100,000/month (higher on request)
Monthly Spending: See card_tiers
Top-Up Methods
SOLUSDT (Solana)USDC (Solana)SOLC
Max Amount: $10,000/month (Mastercard) or $100,000/month (Full Access Visa)
Min Amount: $10.00
Processing Time: Instant – top-ups typically reflect within minutes
Security Features
Features: Card freeze/cancel via dashboard,Tokenization via Apple/Google Pay for in-person transactions (Full Access Visa only),Automatic security freezes for suspicious activity,Weekly snapshots for revenue distribution
Mobile Wallet Support
Apple PayGoogle PayWeb dashboard (mobile-optimized)
Best For
Solana ecosystem participants who hold SOL, USDT, USDC, or SOLC and seek immediate spending capabilities; privacy-focused users (Mastercard tier) or cost-conscious users willing to complete KYC (Full Access Visa tier); $SOLC token holders seeking cashback rewards through staking
Custody Model
custodialPlatform holds all user crypto after deposit; users do not control private keys. Custody transfers to SolCard at top-up; crypto is converted to USD balance.
Risk: If provider disappears, users lose access to funds held on the platform.
Card Issuer & Compliance
Notes: No KYC required for Mastercard tier; Full Access (Visa) requires KYC verification
Issuer Name: SC PAYMENTS LIMITED
Kyc Required: false
Issuer License: Hong Kong financial services regulations
Platform Licenses: Hong Kong (Sheung Wan, Hong Kong)
Availability
Available in 188 countries. Restricted in 21 countries. Global reach with acceptance at 150M+ merchants worldwide. Full Access currently unavailable for U.S. residents. Key regions missing: Hong Kong.
Card Tiers
Mastercard (Standard)
Virtual onlyVirtual only
No KYC required
Fees
Issuance: Approximately €10
Top-up: 5% on all crypto deposits
Monthly: $1.00
Monthly Limit: $10,000 top-up limit
Mastercard
Cashback: 1% - 8% depending on $SOLC staking tier
No KYC required for usage up to $10,000/monthInstant card issuancePrivacy-focused option
Visa (Full Access)
Virtual onlyVirtual only
KYC verification required; temporarily unavailable to U.S. residents
Fees
Issuance: Approximately €10
Top-up: 0% for KYC-verified users
Monthly: $1.00
Monthly Limit: Up to $100,000 (higher on request)
VisaApple PayGoogle Pay
Cashback: 1% - 8% depending on $SOLC staking tier
0% top-up feesHigher monthly limits up to $100,000+Apple Pay & Google Pay integrationBroader merchant acceptancePayPal compatible
Token Economics
$SOLCon Solana
Referral: Tiered affiliate system with percentage of fee revenue from referred users
Card BIN Numbers
4937Visa(Global)5319Mastercard(Global)Merchant Restrictions
Various (unspecified)- Merchant restrictions may be applied by SolCard or its service providers at their discretion; no comprehensive public list available
User Ratings
3.0/5.0 (5 ratings)
Trustpilot
Mixed community trust (2-3/5 ratings across review platforms); common feedback cites strong anonymity (Mastercard tier), high fees (non-KYC), operational and support challenges
Roadmap & Updates
Planned Features:
- Enhanced $SOLC token integration for direct deposits
- Voucher system for business payouts
- Potential expansion of supported cryptocurrencies beyond Solana ecosystem
- Possible governance features for $SOLC token holders
- Return of no-KYC Visa option (timeline unspecified; currently paused)
Recent Updates:
- June 26, 2025: All Visa SolCards being cancelled with balance withdrawal option
- June 18, 2025: SolCard now offers 0% top-up fee for everyone that does KYC
- Mid-2025: Discontinued no-KYC Visa card issuance
Conclusion
SolCard bridges the gap between Solana blockchain assets and traditional payment networks through a two-tier system that balances privacy and cost-efficiency. The service now offers distinct paths: a no-KYC Mastercard tier for privacy-focused users willing to pay 5% top-up fees, and a Full Access Visa tier for KYC-verified users seeking 0% top-up fees, higher limits, and mobile wallet integration. The Full Access tier represents a significant value proposition for users comfortable with identity verification, offering 0% top-up fees and deposit limits up to $100,000/month. However, the service carries notable risks. The mid-2025 Visa cancellations demonstrate that no-KYC crypto cards remain vulnerable to sudden regulatory and policy changes. Users should maintain backup payment methods and avoid loading funds they cannot afford to have temporarily inaccessible. SolCard is best suited for Solana ecosystem participants who prioritize either privacy (Mastercard tier) or cost-efficiency (Full Access Visa tier), understand the risks of regulatory changes in the crypto payment space, and can navigate the service's operational limitations.
Card launched: 2024
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