Plasma One Card: New Tiers, Fees, Cashback and Countries
Plasma One card after the Nov 11, 2026 reset: Standard free, Premium $600 and Platinum $2,500 a year, new XPL cashback bands, FX, ATM fees and 31 US states.
In this article
The Plasma One card is a Visa card that spends a US-dollar stablecoin balance. On November 11, 2026, Plasma reset its tiers for new members: Standard is free, Premium costs $600 a year and Platinum costs $2,500 a year, per Plasma's membership comparison. Cashback is paid in Plasma's XPL token, and the new bands pay less than the protected rates earlier members keep, per Plasma's help centre. This guide covers the new Plasma One fees, the cashback bands, where each paid tier starts to pay for itself, who can sign up, and where a prepaid card like SolCard fits.
Plasma One is Plasma's consumer app and card. The card spends your account's dollar balance anywhere Visa is accepted, "online and in store, in 150+ countries," per Plasma's personal page.
The facts from Plasma's own pages:
- Issuer: "The Plasma One Card is issued by Rain, a Visa Principal Member, pursuant to a license from Visa," per the personal page.
- Custody: Plasma says "Plasma does not custody your assets," per the same page. Account services come from Bridge Building entities that depend on where you live.
- Wallets: Apple Pay and Google Pay, per the Standard page, with availability depending on region per the personal page.
- Access: "Access is by invite only," per Plasma's help centre.
For how a card that spends a deposited balance works in general, see our explainer on what a crypto debit card is.
Three things changed for anyone joining from November 11:
- New tier names and prices. The comparison page now lists Standard ($0), Premium ($600 a year) and Platinum ($2,500 a year), per Plasma. The paid tiers can also be unlocked by locking 20,000 XPL (Premium) or 100,000 XPL (Platinum) for 12 months, per the same page.
- Lower cashback bands. New Standard members earn 1% on the first $500 a month, down from 2% for members who joined earlier, per the help centre.
- New perks on the paid tiers. Premium adds a $200 yearly AI credit and Platinum a $500 one, both "allocated monthly," plus airline and wellness credits on Platinum, per the compare page.
SpendNode reports that Standard and Premium replace the older Lite and Core tiers for new members, per its write-up of the reset. Plasma's rewards addendum, effective September 26, 2026, still uses the names Lite, Core and Platinum.
Your rates don't change yet. Plasma says "your base cashback rates remain unchanged until your current membership period ends," per the help centre. Protected Standard members keep 2% on the first $500. Protected Premium members keep 3% on the first $1,000, 2% on the next $1,000, 1% on the next $1,000 and 0.25% after that, per the same article.
| Standard | Premium | Platinum | |
|---|---|---|---|
| Annual fee | $0 | $600, or 20,000 XPL locked 12 months | $2,500, or 100,000 XPL locked 12 months |
| Cashback (new members) | 1% on first $500, then 0.1% | 2% on first $1,000, 1% on next $1,000, then 0.25% | 3% on first $3,000, 2% on next $7,000, then 1% |
| Most a month at the top band | $5 | $30 | $230 |
| FX on card spending | 1% | 0% up to $3,000 a month, then 1% | 0%, unlimited |
| Physical card | No | Yes | Yes, metal |
| Virtual cards | 1 | 2 | 3 |
| AI credit | None | $200 a year | $500 a year |
| Airline and wellness credits | None | None | Airline 10% up to $300 and wellness 20% up to $100, each half-year |
Sources: Plasma compare page, Plasma help centre cashback bands. The "most a month" row adds up each band below the last threshold: for Platinum, 3% of $3,000 plus 2% of $7,000.
Cashback "accrues in U.S. dollars and is paid... in XPL," per the rewards addendum. Plasma pays it weekly, "currently on Thursdays," to your XPL balance, after a pending period of several days, per the help centre.
Two details matter more than the headline rate:
- The payout is a token, not dollars. Plasma's help centre says XPL "is not legal tender" and its value "may decline to zero." A $10 reward is worth $10 only on the day it lands.
- Some spending earns nothing. The addendum excludes ATM withdrawals, person-to-person transfers, currency exchange, tax payments, and gift card, prepaid card and cash-equivalent purchases, per the rewards addendum.
For how this compares with the rest of the market, see our crypto card rewards statistics.
A paid tier earns back its fee only through extra cashback, FX savings and credits you actually use. Spread over a year, Premium costs $50 a month and Platinum about $208.33. The table nets each tier's new-member cashback against that, assuming all spending is eligible, in US dollars, and that XPL holds its value until you sell it.
| Monthly eligible spend | Standard | Premium | Platinum |
|---|---|---|---|
| $1,000 | $5.50 | -$30.00 | -$178.33 |
| $3,000 | $7.50 | -$17.50 | -$118.33 |
| $5,000 | $9.50 | -$12.50 | -$78.33 |
| $10,000 | $14.50 | $0.00 | $21.67 |
| $20,000 | $24.50 | $25.00 | $121.67 |
Each figure is cashback minus the monthly share of the annual fee, using the bands in Plasma's help centre and the prices on its compare page.
What the numbers say for dollar spending:
- Premium vs Standard: on cashback alone, Premium only overtakes Standard at about $19,667 a month. Premium's cashback drops to 0.25% after $2,000, so the $50 monthly fee takes a long time to recover.
- Platinum vs Premium: Platinum beats Premium above about $8,762 a month, and Standard above about $9,623.
- Credits shift this if you'd use them anyway. Premium's AI credit is worth about $16.67 a month and Platinum's about $41.67, per the compare page. If you already pay for an AI subscription, count that against the fee.
FX is where Premium can earn its keep. Say you spend $3,000 a month in euros:
- Standard: $7.50 of cashback, minus $30 at the 1% FX fee on the Standard page, nets -$22.50.
- Premium: $32.50 of cashback, $0 FX on the first $3,000, minus the $50 fee, nets -$17.50.
Plasma's FX help article describes Standard's cost as a 1% markup plus Visa network fees "typically around 1%," and says Premium's allowance "also covers Visa's roughly 1% network fee." If both apply on Standard, the FX cost in this example is closer to $60, and Premium's lead grows to about $35 a month. Our guide to crypto card foreign transaction fees explains why you should still decline dynamic currency conversion at the terminal.
Cash needs the physical card, because virtual cards can't withdraw at ATMs, per Plasma's ATM article. The compare page includes a physical card only with Premium and Platinum.
| Standard | Premium | Platinum | |
|---|---|---|---|
| Per withdrawal (fees included) | $500 | $1,000 | $5,000 |
| Withdrawals per 24 hours | 2 | 3 | 5 |
| Daily total | $1,000 | $3,000 | $25,000 |
| Plasma FX on non-USD cash | 1% | 0.5% | 0% |
Each withdrawal costs $2 plus 2%, a balance inquiry or declined attempt costs $1, and the ATM operator can add its own fee, per the same ATM article. Because the cap includes fees, the cash you receive is always less than the per-withdrawal limit. Declined attempts count toward the withdrawals allowed in a rolling 24 hours, so a failed try uses up one of them. Our crypto card ATM withdrawal guide covers how operator surcharges stack on top.
Plasma's funding article lists:
- USDT on Plasma, Ethereum, Solana, Tron, Polygon, Arbitrum, Optimism, BNB Smart Chain and HyperEVM, with free deposits.
- USDC on Ethereum, Solana, Base, Optimism, Polygon, Arbitrum and HyperEVM, free up to $30,000 per deposit.
- Other assets such as ETH or WBTC are converted to USD, with the fee shown in the app before you send.
- Bank transfers in USD, EUR, GBP, BRL, MXN and COP, with on-ramp fees that vary by currency.
Send only the asset and network you picked in the app: Plasma warns that the wrong network "can result in permanent loss of funds," per the same article.
Three gates come before the card.
An invite. Access "is by invite only," per the help centre.
Identity verification. You need a government-issued ID, your address, in some countries proof of address, and "a short video movement capture," per Plasma's verification article.
A supported country or US state. Per Plasma's availability article:
- US: 31 states are supported, including California, Florida, New York and Texas. "The Plasma card is not currently supported in Washington and Arizona." The article doesn't list the status of the other states.
- Unsupported countries: Cuba, Iran, North Korea, Russia, Syria, Ukraine and Venezuela.
- Documents not accepted: IDs from Belarus, mainland China, India, Iraq, Israel, Myanmar, Nepal, Nicaragua, Turkey, Vietnam, Nigeria and Sri Lanka are blocked. The article says residents of a supported country holding one of these documents may still qualify with proof of address.
The two cards make different trade-offs. Plasma One pays cashback if you can get in; SolCard pays none and charges for top-ups on its Virtual tier, but its gates are different.
Take a reader who spends $500 a month in dollars. On Plasma Standard, that earns $5 a month in XPL with no fee. On SolCard's Virtual tier, the same $500 costs $25 in top-up fees at 5%, plus $0.30 per transaction, per SolCard's fee breakdown. If Plasma will have you, it costs less.
SolCard is worth a look when Plasma's gates are the problem:
- A US state Plasma doesn't serve. SolCard's Virtual card is offered in the US, though Platinum, its physical card and Apple Pay or Google Pay are not.
- A blocked document. India, Turkey, Vietnam and Israel are on Plasma's blocked-document list but not on SolCard's restricted list.
- Topping up with SOL. SolCard takes SOL as well as USDT and USDC, on Solana, Ethereum, Base, Polygon and more.
SolCard's limits are real: there's no cashback, and Virtual has a 1-2% FX spread and a $10,000 monthly limit (it also doesn't require ID verification). Platinum, the 0% top-up tier, needs ID verification. Russia and Ukraine are restricted on both cards. Like most prepaid cards, SolCard often can't cover hotel and car-rental deposit holds. See /fees for the full schedule and /compare for other cards side by side.
For new members who get an invite and live in a supported place, Plasma Standard is the sensible default. It costs nothing, pays 1% on the first $500 a month in XPL, and adds an FX fee of 1% or more abroad. Premium makes sense mainly if you spend about $3,000 a month in other currencies or would use the AI credit anyway. On dollar cashback alone, it takes about $19,667 a month to beat Standard. Platinum only covers its $2,500 fee above roughly $9,000 a month of eligible spending, before you count lounges and credits.
Members who joined before November 11 should keep their tier until their membership period ends: the protected bands pay more on every tier.
If your state or your ID document keeps you out, SolCard is a working alternative, at the cost of a 5% top-up on Virtual. For other stablecoin cards, see our KAST Card guide and our best crypto debit cards roundup.
The Standard tier has no annual fee, per Plasma's Standard page. Premium costs $600 a year and Platinum $2,500 a year, or 20,000 and 100,000 XPL locked for 12 months, per the compare page.
Visa. The card is issued by Rain, a Visa Principal Member, per Plasma's personal page.
In 31 states, including California, New York and Texas, per Plasma's availability article. It isn't supported in Washington or Arizona.
Yes. Plasma's help centre says "Access is by invite only," and that it will contact people without an invite as it expands access.
Yes. You verify with a government-issued ID, your address, and a short video check, per Plasma's verification article.
New members now see Standard and Premium. SpendNode reports that these replace Lite and Core. Members who joined before November 11, 2026 keep their earlier cashback bands until their current membership period ends, per Plasma's help centre.
$2 plus 2% per withdrawal, $1 for a balance inquiry or a declined attempt, plus any operator fee, per Plasma's ATM article. You need the physical card.
