Grey Card Review 2026
Reviewed by Mihail B. in · · how we verify
Algorithmic score, not user reviews: how it is calculated
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Fees and limits
| Issuance fee | $5 one-time |
|---|---|
| Annual fee | Free |
| FX fee | Up to 2% + $0.50 on cross-border transactions under the international card termsThe fine print
|
| ATM limit | No ATM access (virtual-only card) |
| Spending limit | $10,000 per day |
Fees change; the current ones are in Grey’s terms.
Features
- KYC: Yes
- Card type: Virtual only
- Top up with: No card top-up: the card spends straight from the Grey wallet…
Full list
- … (USD first, then the USDC/USDT wallet or the balance with the most funds)
- The wallet takes bank transfers (ACH, FedNow and SEPA at 0.8%, UK Faster Payments at 0.8%), mobile money and USDC on BEP-20 and Solana
- Available countries: Argentina, Australia, Brazil, Colombia, Cote d'Ivoire, Ghana, Kenya, Morocco, New Zealand, Nigeria, Senegal, South…
Full list
- … Africa, Uganda, Zambia, Bangladesh, Hong Kong, Malaysia, Mexico, Peru, Philippines, Singapore, Thailand, United Arab Emirates, United States, Uruguay
- In the United States only residents of the states Grey lists can create the card
Who issues the Grey Card
The Grey Card has a different issuer depending on where you sign up. Each one is listed below with its own source.
The Grey Card is issued by Third National (Nimbus LLC), USA; Puerto Rico money transmitter (NMLS #2612780), a subsidiary of Signify Holdings, Inc. ("Rain") per Rain's privacy policy. The issuer is named in the source linked below. Nigeria distribution runs through BANEX Microfinance Bank Limited as marketer, not issuer.
Primary source · All cards issued by Third National (Nimbus LLC) · Why the issuer matters
The Grey Card is issued by BANEX Microfinance Bank Limited, Nigeria (CBN-licensed microfinance bank) (Local marketer of record, not the issuing bank). The issuer is named in the source linked below. (same arrangement: Nigeria distribution runs through BANEX as marketer, not issuer).
Primary source · All cards issued by BANEX Microfinance Bank Limited · Why the issuer matters
Supported cryptocurrencies
You can load the Grey Card with crypto; the 3 assets we track for it are listed below.
Pros and cons
Pros
- $5 once, no monthly or card funding fee
The fine print
- Apple Pay and Google Pay
- Spends straight from USD, EUR, GBP or USDC balances with no card top-up
- USDC deposits on BEP-20 and Solana
- USD, EUR and GBP receiving accounts
- No annual maintenance fee
- Banking rails: SEPA support
Cons
- Virtual only, not built for cash withdrawals
The fine print
- Cross-border fee of up to 2% + $0.50 under the international terms and a 1% international transaction fee under the U.S. terms
- Conversion fees on non-USD payments, rate not published on the card page
- $5 card creation fee
- Card issuance fee: $5 one-time
Regional availability
Available in several regions
Africa, Latin America, Asia, Oceania, the United Arab Emirates and the United States: the Visa card can be created in the countries listed in Countries Available.
Banking and fiat rails
Card overview
Grey Card is a remittance wallet's Visa virtual card first and a crypto card second. You create a Grey Visa Platinum virtual card in-app in under five minutes, no credit check, spending straight from your custodial Grey wallet: the USD balance first, then the USDC or USDT wallet or whichever balance holds the most. There is no card top-up and no physical card. Crypto comes in one way: you can deposit USDC over BEP-20 or Solana into a USDC wallet, and the card draws on the USDC or USDT wallet when the USD balance runs short.
Otherwise it behaves like an ordinary online Visa. Creating the card costs a one-time $5, and there is no monthly, annual or card funding fee, which is the good part. But cross-border payments cost up to 2% plus $0.50 under the international card terms (the U.S. terms set a 1% international transaction fee), and paying in a currency other than USD adds a conversion fee whose rate the card page does not publish. Spending is capped at $10,000 a day.
It pays no cashback or rewards, and KYC is required. It does add to Apple Pay and Google Pay. The card is offered in 25 countries across Africa, Latin America, Asia, Oceania, the UAE and part of the US, but not in Europe.
- Best fit
- someone in those markets who receives USDC or dollars and wants a Visa virtual card to spend them online, with Apple or Google Pay
- Wrong card if
- you want cashback or pay mostly non-US merchants
Common questions about the Grey Card
We do not collect user reviews. Answers come from the card terms, the issuer disclosure and the regulator registers we could reach, rechecked on the Data verified date above.
