Hyperbeat 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 | Free: "You can issue up to 20 virtual cards for free". Physical card price not disclosed |
|---|---|
| Annual fee | None disclosed: the published consumer rates-and-fees page lists no annual or monthly fee |
| FX fee | 0.4%-1% on top of the Visa scheme rateThe fine print
|
| ATM limit | $1 + 0.65% per withdrawal, $0.60 balance inquiry, $0.60 declined attemptThe fine print
|
| Spending limit | $100,000 per card per month by default and at mostThe fine print
|
Fees change; the current ones are in Hyperbeat’s terms.
Features
- Cashback: Up to 1% (paid in WHYPE)
The fine print
- Flat, not tiered by deposits, since August 2026: every account earns a 0.20% base rate on all card spend, and four boosters each add +0.20%: Holder (hold $1,000 in USD or USD+), Holdmaxxer ($10,000), Spender ($1,000 of card spend in the trailing 30 days) and Spendmaxxer ($10,000 in 30 days), so the everyday ceiling is 1.00%
- Hold boosters count USD and USD+ together, including USD+ posted as collateral
- Spend boosters use rolling 30-day net spend
- A separate ladder rewards trading volume on the Hyperbeat trade page, leverage included: 3% at $1M of 30-day volume on up to $3,300 of card spend, 5% at $5M ($10,000), 8% at $10M ($12,500), 10% at $25M ($25,000), 12% at $50M+ ($41,700)
- Each dollar earns the higher of the two rates, never both, and spend above the trading cap falls back to the everyday rate
- Calculated in USD and paid in WHYPE to the Liquid bank account within about 48 hours of the transaction clearing, the same in Cash and Credit mode
- Custody: Self-custody
The fine print
- … as a mechanism, with conditions
- The terms state "We do not have possession, custody, or control over any user’s crypto-assets" and "The Collateral will be owned by you at all times and held in your custody within one or more escrow smart contracts"
- The help centre adds that Hyperbeat "cannot move, lock, freeze, or change your wallet" and documents key export into MetaMask or Rabby
- Conditions worth knowing: keys are managed by Turnkey, a restricted Operator role exists on the backend, withdrawing collateral needs Operator approval, and settlement-token withdrawals carry a cooling period
- KYC: Yes: government photo ID (passport preferred), a selfie liveness check, and in some regions proof of address dated…
The fine print
- … within 3 months
- The help centre says approval usually lands within two minutes
- Fiat deposits add a one-time verification with Noah
- Card type: Virtual only
The fine print
- The help centre card-order flow lists "Physical card" and nothing physical ships yet, while the ATM fee schedule on the same site already assumes one exists
- Up to 20 virtual cards per account, though the consumer fee schedule on the same site says "5 virtual card limit"
- Top up with: Native BTC, ETH and SOL from an external wallet or exchange, credited as Unit assets
Full list
- USD via ACH and EUR via a virtual bank account opened in the holder’s own name through Noah
- In-app swaps and trading
- Available countries: Global bar the published blocklist
Full list
- Prohibited: Belarus, China (Mainland), Cuba, India, Iran, Iraq, Israel, Myanmar, Nepal, Nicaragua, North Korea, Russia, Syria, Turkey, Ukraine, Venezuela, Vietnam, plus 16 US states (Arizona, Delaware, Georgia, Idaho, Louisiana, Maryland, Nevada, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, South Dakota, Vermont, Washington)
- Wisconsin appears on both the supported and the prohibited list: the issuer contradicts itself
- Both lists are the issuing platform's rather than this programme's: the same 17 countries and the same 16 states appear verbatim and in the same order in Xplace's published terms, another Third National card on the same Rain rail
- Vietnam, Turkey, India and Nicaragua are barred here yet served by the same issuer's virtual bank accounts, Vietnam with a dedicated local-currency deposit rail
Who issues the Hyperbeat Card
The Hyperbeat Card has a different issuer depending on where you sign up. Each one is listed below with its own source.
The Hyperbeat 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. "The Hyperbeat Card is issued by Third National pursuant to a license from Visa"; the card-terms document adds a Nigeria clause naming BANEX Microfinance Bank as the local marketer.
Primary source · All cards issued by Third National (Nimbus LLC) · Why the issuer matters
The Hyperbeat 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. (clause 7.4 "Nigerian Users": the card "is marketed to you by BANEX MICROFINANCE BANK LIMITED", which also files the requisite returns with the CBN. The issuer stays Third National).
Primary source · All cards issued by BANEX Microfinance Bank Limited · Why the issuer matters
Supported cryptocurrencies
You can load the Hyperbeat Card with crypto; the 2 assets we track for it are listed below.
The fine print
- Confirmations run 2+ blocks on Bitcoin, 14 on Ethereum, 32 on Solana
- Accepted collateral: wHYPE and UBTC at 50% LTV, beHYPE, UETH and USOL at 45%, XAUT gold at 40%, USD+ at 75%
- Liquidation at 62.5% debt-to-collateral with a 12.68% bonus to liquidators
- Withdrawals do not return to the native chain
Pros and cons
Pros
- Self-custody stated as a mechanism, not an adjective: collateral sits in Morpho contracts and the wallet exports to…
The fine print
- … MetaMask or Rabby if Hyperbeat disappears
- Visa Signature perks including lounge access via Visa Airport Companion
- Virtual cards are free and issue instantly
- Native BTC, ETH and SOL top-ups with no wrapper step
- Cash Mode and Credit Mode switch per transaction
- iOS and Android apps shipped July 2026
- Earn up to 1% cashback on eligible purchases
- No card issuance fee
- Banking rails: IBAN / SEPA / SWIFT support
- Multi-chain top-up across 4+ networks
Cons
- Everyday cashback starts at 0.20% and reaches 1% only with $10,000 held and $10,000 spent every 30 days, the 3-12%…
The fine print
- … rates need $1M to $50M of monthly trading volume and cover capped spend, and all of it pays in WHYPE, a token whose price you then carry
- The two published FX figures differ by a factor of six
- No physical card yet, so no ATM access despite a published ATM fee schedule
- Credit Mode is a continuously compounding variable-rate borrow with liquidation risk at a 12.68% bonus to liquidators
- The spendable balance earns nothing unless moved into USD+
- The public Cardholder Agreement is the non-US one and requires you attest you are not a US citizen, while the country list names 35 US states
Regional availability
Available in several regions
Published supported list: Antigua & Barbuda, Argentina, Australia, Bahamas, Bangladesh, Barbados, Belize, Bolivia, Brazil, Cayman Islands, Colombia, Costa Rica, Côte d’Ivoire, Dominican Republic, Ecuador, Egypt, El Salvador, Europe, Ghana, Grenada, Guatemala, Guyana, Honduras, Hong Kong, Japan, Kenya, Malaysia, Mexico, Morocco, New Zealand, Nigeria, Pakistan, Panama, Paraguay, Peru, Philippines, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Senegal, Singapore, South Africa, Suriname, Thailand, Trinidad and Tobago, Turks & Caicos, Uganda, United Arab Emirates, Uruguay, Zambia, plus 35 named US states including New York.
Banking and fiat rails
The fine print
- A virtual bank account in the holder's own name for USD (ACH and Fedwire, banking services through Lead Bank) and EUR (IBAN over SEPA), and third parties can pay into the IBAN
- USD deposits also arrive by SWIFT
- Deposit fees: ACH 0.12% + $0.25, Fedwire 0.12% + $18, SWIFT 0.12% + $35 (1 to 5 weekdays), SEPA 0.2% + €1
- Which accounts open depends on the country of residence
Card overview
Most cards that call themselves self-custodial ask you to take the word on faith. Hyperbeat writes down what it cannot do: it "cannot move, lock, freeze, or change your wallet", the collateral behind the credit line sits in Morpho smart contracts rather than on a company balance sheet, and the help centre tells you how to export the key into MetaMask or Rabby if the app disappears tomorrow. Sign-in is a passkey, so there is no seed phrase to lose. The card on top is a Visa Signature issued by Third National, and it runs in two modes that behave very differently at the till.
Cash Mode debits your USD balance and costs nothing extra. Credit Mode borrows stablecoins against collateral you keep (BTC, ETH, SOL, HYPE, tokenised gold or the USD+ vault), so you spend without selling. But interest starts the moment you swipe, compounds continuously, and a bad market can liquidate you at a 12.68% bonus to whoever closes the position.
Cashback stopped being a deposit ladder in August 2026: every account now earns 0.20% on all card spend, and four boosters (holding $1,000, holding $10,000, spending $1,000 and spending $10,000 in 30 days) add 0.20% each, so 1.00% is the everyday ceiling. The 3% to 12% rates sit on a separate ladder for trading volume, starting at $1M of 30-day volume and capping how much card spend they cover. It pays in WHYPE, whose price you then carry.
The FX rate is published twice at different numbers: the help centre says 0.4% to 1%, while the cardholder agreement schedules up to 3% foreign exchange plus up to 3% cross-border. Those are ceilings rather than a competing quote, so they need not contradict the marketed rate. But nothing published says how the real charge is worked out, and nobody has reported a settled figure.
And the yield does not touch the money the card spends; it lives in a separate USD+ vault whose advertised rate depends on where you read it: 3% to 8% in the help centre, typically 5% to 8% in the docs, up to 8% on the homepage, with no realised figure published anywhere. You can pledge it back as collateral, but the card never debits it. There is no physical card yet, so no ATM access despite a published ATM fee schedule.
- Best fit
- someone already holding assets on Hyperliquid who wants to spend against them without selling and cares more about controlling the keys than about the headline rate
- Wrong card if
- you want more than 1% cashback without heavy trading, a plastic card, a rate you can predict before the purchase settles, or a US cardholder agreement you can read before signing up
What we saw in the app
Taken in our own account. It shows the app screen on that day, not a purchase we made with the card.
USD Savings in the app, 27 Aug 2026: up to 4.42%, below the 5% to 8% the docs cite.
Common questions about the Hyperbeat 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.
