Our Official Verdict
High-Volume US Spender: $2,000 Daily ATM Access
The BitPay Mastercard is the original heavy-hitter for US users. With TBD rewards and a Free annual fee, it serves as a straightforward, high-capacity off-ramp for Bitcoin and stablecoin holders.
Overview
US-focused Mastercard for loading and spending Bitcoin and stablecoins with zero annual fees and app-based merchant rewards.
Fees & Charges
Annual Fee
Free
FX Fee
3%
ATM Fee
2.5%
Requirements
Supported Regions
US
Spendable Assets
BTC, ETH, USDC, USDT
BitPay Mastercard Review
The BitPay Mastercard is a custodial prepaid crypto card designed to let BitPay users spend digital assets in everyday purchases.
The US Industry Standard for Crypto Payments
The BitPay Mastercard is a prepaid debit card that represents one of the most stable and regulated ways to spend cryptocurrency in the United States. In 2026, BitPay is pausing new applications and operating a waitlist, so availability is limited to US residents who can join the queue. It remains focused on providing a clean, high-limit off-ramp that works everywhere Mastercard is accepted.
Spending & Mechanics: A Dedicated Loading Pipeline
Unlike "Just-in-Time" cards that swap at the terminal, the BitPay card requires you to Load a balance.
- Select Asset: Choose BTC, ETH, or USDC from your linked wallet.
- Swap to Fiat: BitPay handles the conversion at competitive market rates.
- Spend: The funds are now instantly available on your physical or virtual card.
This model is particularly favored by users who want to lock in an exchange rate on a specific day rather than risking price fluctuations during a shopping trip.
Fees Analysis: The Cost of US Compliance
BitPay does not publish a full fee table on the marketing page. Treat FX, ATM, and conversion fees as variable and confirm the in-app schedule before relying on any ROI math.
ROI Analysis: Merchant Rewards ROI
BitPay offers a "Merchant Rewards" program. Instead of a flat % back everywhere, rewards vary by partner and are surfaced inside the BitPay app. This makes the ROI highly merchant-dependent.
High Limits for High-Net-Worth Users
BitPay is known for generous spending limits relative to many US competitors, but actual caps depend on verification tier and issuer policies. Confirm limits inside the BitPay app.
Verdict
The BitPay Mastercard is the "Old Reliable" of the US market. It does not advertise a flat cashback rate, but it offers higher limits and a merchant-direct rewards system that can be lucrative for targeted spending. If you are an existing cardholder, it remains a strong bridge between crypto and US payments.
Fees and break-even math
Annual fee: $0; FX fee: 3.0%; ATM fee: $2.50 (flat). With a 3% FX fee, $10,000 in international spend costs about $300. All numeric fee and limit figures referenced above are sourced from the issuer documentation listed below. Source: Issuer card page.
Competitor comparison
Closest alternatives include the Coinbase Card and the Wirex Card. Compare custody model, rewards caps, and FX fees before choosing.
