Three reasons to apply for an Ether.fi Card:
01. Enjoy 3% cash back on all purchases made through all channels before the end of the year.
02. Register with the exclusive referral code from the activity zone and immediately receive 25U in spending credits.
03. Limited time offer this month: ETHFI will be airdropped again for staking tokens or daily spending.
Please make sure you register using the referral link from the activity zone to receive the $25 credit!
Ether.fi encrypted credit card features explained: How to earn $25 in cashback ?
The Ether.fi Cash Card crypto credit card is basically composed of three main functions: deposit interest , spending rewards mechanism, and loan mode. These functions are mainly developed around stablecoins.
Earn interest on deposits: 9-10% annualized interest on USD stablecoins
Stablecoin issuers such as Tether typically use the purchase of short-term US Treasury bonds as reserves for their stablecoin USDT. They usually use the proceeds from these bonds to subsidize partner merchants. In addition, there are many "borrowers" in the cryptocurrency community who are willing to pay interest to borrow money to trade cryptocurrencies. This makes stablecoin lending companies usually willing to offer high interest rates to depositors.
Take Ether.Fi as an example. Its Liquid "Earn" feature offers a stablecoin interest rate of up to 10%, which is higher than the interest rates of many traditional financial institutions' dollar deposits.
Spending reward mechanism: Points upgrade and 3% to 4% cashback
According to the table provided by Ether.Fi, different card tiers offer different spending rewards, including different benefits for physical and virtual cards. However, there is currently a promotional activity where users who apply before December 31st, even those with the lowest tier, Core, can enjoy 3% cashback. They can also receive an additional $25 in spending credit by registering through the Ether.Fi zone .
It's important to note that the highest VIP Gold Card cannot be upgraded through spending. Currently, it offers a 4% general cashback and can only be upgraded through an "invitation-only" system. However, users who register via a referral link from the platform will be eligible for future upgrades through... When you spend money with Ether.Fi and reach a certain spending level, you may have the opportunity to upgrade to the highest-level card through the BlockTempo recommendation. Dongqu is continuing to strive for more reader benefits and will update more information on the application requirements for VIP Gold Cards in the future.
The following table illustrates Ether.Fi's deposit and spending rewards mechanism:
Lending model: A consumption model that guarantees the principal.
The loan model is a unique advanced feature of Ether.Fi . Generally, when depositing stablecoins into a card, the system will automatically enable "Direct Pay," and the amount will be deducted from the card account, which is very intuitive.
However, for those who want to deposit money into the "Earn" feature, the portion deposited into "Earn" to earn 10% interest cannot be used for credit card spending. It's like trying to have your cake and eat it too, which reduces the so-called capital utilization rate. If you have such a grievance, you might consider using the "Borrowed Pay" payment method.
Under the "Borrowed Pay" model, purchases are not deducted directly from your account balance. Instead, they are recorded as a US dollar debt with a 4% interest rate. Therefore, if you don't repay the money after making a purchase, the debt may snowball. If the debt exceeds a certain percentage of the principal, you will be forced to repay it.
However, as mentioned earlier, stablecoins offer interest rates as high as 10%. Ether.Fi thoughtfully provides an automatic interest offset function. This means that if the deposit interest rate is higher than 4%, your consumption -4% interest will be covered by the 10% interest, resulting in 6% interest. In this case, spending through a borrowing model is indeed more cost-effective than direct consumption.
In fact, there are more advanced ways to use this lending model, including some secrets to investing in cryptocurrencies for wealth management, which we will continue to explain to you.
The most powerful application of stablecoins in 2025: Crypto credit cards
Stablecoins have seen annual trading volume exceeding $46 trillion and a current market capitalization of $300 billion. Global leaders on Wall Street (BlackRock, Fidelity, JPMorgan Chase) and technology companies (such as PayPal, Stripe, Robinhood) are all rushing to promote stablecoin products. Recently, card issuer VISA announced support for four stablecoins , which can be exchanged for fiat currencies in 25 countries when making card transactions for settlement with banks worldwide. It can be said that stablecoins have been regarded as legitimate financial instruments.
Compared to fiat currency credit cards, crypto credit cards have become the mainstream payment tool denominated in stablecoins . Since the pandemic, many multinational companies and remote work offers have used stablecoins for salary payments, saving a lot of exchange costs. Employees receiving crypto salaries can use cryptocurrency credit cards to avoid the cumbersome withdrawal process (that is, converting stablecoins into local fiat currency) and directly spend their living expenses.
For the average consumer, stablecoins are a new financial trend that everyone will inevitably need to understand sooner or later. For example, many crypto users choose to convert fiat currency (such as New Taiwan Dollar) into online USD stablecoin deposits to obtain better deposit returns. Taking Ether.fi as an example, the annual USD deposit interest rate is as high as 10%, while with stablecoin deposits that generate compound interest, users can directly cover their living expenses through cryptocurrency credit cards without having to withdraw funds.
| Encrypted credit card (Ether.fi) | Regular credit cards | |
|---|---|---|
| Pricing | Stablecoins (mainly US dollars), cryptocurrencies (Bitcoin, Ethereum) | Local currency (such as New Taiwan Dollar) |
| Accounting methods | Deduct from account balance | Deducted from credit limit |
| Highest general return rate (No spending limit and no rewards based on spending) | 3~4% | Below 1.5% |
| Main uses | Consumer rewards program negotiating with card issuers regarding stablecoin (cryptocurrency) withdrawals and interest-bearing features. | Consumer rewards Rights and benefits negotiated with issuing banks |
| Feedback speed | Immediate feedback after purchase | It takes time to settle accounts with the bank and the merchant, according to each rule, which is a slow process. |
| Difficulty in obtaining a card |  | ~ It depends on income. |
| Knowledge threshold | Beginners need to understand the basics of stablecoins and related concepts, which will be explained in detail below. | You need to understand the application requirements. Compare the differences in benefits among different cards |
Ether.fi Card Encrypted Credit Card Registration Tutorial
If you already have experience registering with a cryptocurrency exchange, applying for an Ether.fi Card should be a familiar process for you.
Step 1: Create your Ether.fi account. Please click the referral link in the activity section to go to the Ether.fi official website, click "Sign Up Today" on the homepage, and then select Personal.
Please note that the webpage must display a green message saying "Free $25 to spend with your card" to indicate that you have successfully received the $25 credit.
Please make sure you register using the referral link from the activity zone to receive the $25 credit!
Step 2: Verify email account
Next, please enter the email address you wish to use and enter the verification code sent to you by the official website to confirm your account application. You can then choose to set up a quick login PassKey or process it later. The next step is to verify your identity.
Step 3: KYC (Know Your Customer)
After completing account registration, please go to the homepage and click "Active Cash Card" to verify your identity.
Please follow the official instructions to confirm your place of residence (currently Taiwan is included; however, due to regulatory requirements, this card is not currently available to users residing in the United States, so please select "You do not reside in the United States").
Next, please enter your residential address. If you need to apply for a physical card, it will be sent to this address.
The recipient enters their mobile phone number and receives an authentication code.
The system will then take a photo of your head for facial scanning (you'll need to authorize your phone or computer's camera). Simply turn your head in four directions as instructed. Next, the system will ask you to provide information such as your occupation, intended use, average income, etc.
Finally, the system will ask if you are a PEP (politically sensitive person). Usually, you can simply click "I am not a PEP".
Step 4: The official team will then need a few minutes to verify your information. If you see the image below at the end, it means you have successfully completed the verification.
How do I add Ether.fi Card virtual and physical cards?
Step 1: Click on the "Cash" area in the main menu on the left.
Step 2: Click the "Add Card" button on the right.
Step 3: Select the "Virtual Card" button on the left, and then click "Get Your Card" below.
Step 4 : Next, return to the main page. You will see a carousel at the top displaying the cards you currently hold. Select a card and click "Show Card Details" on the right. You will then see your card number, expiration date, and CVV security code (please keep this safe and do not disclose it to others).
Next, add it to your preferred payment wallet (the official version currently supports Apple Pay and Google Pay, and LINE Pay has also been tested and confirmed to work), and you can start making purchases.
How do I apply for a physical card? (Currently, the earliest reopening date is November)
Originally, the official website announced in August that free members could apply for a physical card, but recently the application process has been suspended again. The official website stated that the application process will be restarted as early as November.
I successfully submitted my application in early October. The official response was that the expected delivery time would be about 2 to 3 weeks, but I have not yet received the physical card . I will open the box for readers once I receive it.
Learn the best practical tips for using Ether.fi cards
- If you only want "stability": Direct Pay + LiquidUSD (earn while you deposit), you don't need to bother exchanging stablecoins back to fiat currency to make a living.
- If you want "ultimate efficiency": Borrow trial allows collateralized assets to continuously generate interest while earning a 3% return; stablecoins deposited in Liquid have an annualized rate of approximately 9%, and after deducting the 4% lending rate, you can still earn 5% interest.
- If you are a "traveler/cross-border traveler": Global VISA acceptance + 3% cashback; super friendly exchange rates, and you can travel anywhere with Apple/Google/LINE Pay.
Exclusive perk for the activity zone: Register now and receive 25 USDT in spending credits.
Please note that you must apply through the exclusive registration link provided by the platform, as the platform will detect cookies. You will only receive the $25 credit if you register when you see the bright green text "Free $25 to spend with your card". If you search and click on the link yourself, you may miss out on this limited-time offer.
A newbie asked if there are any other recommended encrypted credit cards (U cards). Currently, based on comparisons with other products such as Crypto.com, Bybit Card, and RedotPay , Ether.Fi Card is arguably the best choice for using U cards in Taiwan. The most important point is that it has a maximum monthly cash back limit of US$1,000 (meaning that unless you spend more than NT$1 million per month, you will enjoy 3% cash back).
| Ether.fi Card | Crypto.com Card | Bybit Card | |
|---|---|---|---|
| Card issuing organization | VISA | VISA | VISA |
| Card types | Debit Card/Credit Card | bank card | bank card |
| Consumer return rate | 3% (maximum $1,000 per month) | 1% – 5% (maximum $25 per month) | 2% (maximum $75 per month) |
| Supported cryptocurrencies | BTC, ETH, USDT, SCR | It supports multiple currencies, including BTC, ETH, CRO, USDT, USDC, and more than 50 other currencies. | Supports major cryptocurrencies, including BTC, ETH, USDT, USDC, XRP, TON, etc. |
| Annual fee | No annual fee | No annual fee | No annual fee |
| Use in Taiwan | Can | Can | Can |
Ether.Fi Card Encrypted Credit Card FAQs
Q1: How do I get the 3% cashback on Ether.fi Card?
The official account will immediately credit SCR tokens to the account, which users can then convert into stablecoins such as USDC and USDT, or use to purchase BTC and ETH.
Q2: What are the advantages of encrypted credit cards over regular credit cards?
Crypto credit cards typically offer higher percentage rewards than regular credit cards, and the rewards are not limited by spending category. They can be linked to tools such as LinePay, Apple Pay, and Google Pay to make purchases across various channels.
Q3: Can Ether.fi Card be used in Taiwan ?
The results of the test in the dynamic area show that you can basically accept VISA payment anywhere in Taiwan, whether it is a convenience store, supermarket, gas station, etc., which can easily meet general consumption needs.
Q4: Is an EtherFi card really safe?
Etherfi cards operate on a non-custodial model, meaning you control your assets and private keys (currently, the official statement indicates that some private key transfer functionality is under update). All transactions are executed through smart contracts, ensuring high transparency and security. Furthermore, the Ether.fi protocol has passed multiple security audits and includes a bug bounty program.
Q5: What if the value of the collateral decreases?
In the lending model, if the value of the collateral declines, leading to an excessively high loan-to-value ratio, the system will initiate forced liquidation to protect the security of the agreement. Recommendation for users:
- Maintain an appropriate loan-to-value ratio (ideally no more than 60-70%).
- Regularly monitor changes in asset value
- Supplement collateral or repay part of the debt in a timely manner
Q6: Can I have multiple EtherFi cards at the same time?
Yes! Users can create and manage multiple virtual cards in the backend, achieving a similar effect to "supplementary cards." The number of cards allowed varies depending on the user's tier.
Q7: What are the main differences between an Etherfi card and other cryptocurrency cards?
The key differences include:
- Non-custodial characteristic : Assets are always under the control of the user.
- True credit function : Supporting mortgage-backed lending for consumption
- No platform token required : No need to purchase or lock up ETHFI tokens.
- High-yield consolidation : Idle funds can earn an annualized return of 11-14.3%.
Q8: Are there any usage restrictions for users in Taiwan?
Taiwanese users can use all the functions of the Etherfi card normally, without any special restrictions. Please note:
- Users in some countries (such as North Korea, Iran, and Myanmar) are unable to use the ATM withdrawal function.
- Taiwan is not on the restricted list, and all functions can be used normally.
Q9: Will you launch a physical card in the future?
Originally, the official website announced in August that free members could apply for a physical card, but recently the application process has been suspended again. The official website stated that the application process will be restarted as early as November.
I successfully submitted my application in early October. The official response was that the expected delivery time would be about 2 to 3 weeks, but I have not yet received the physical card . I will open the box for readers once I receive it.
