Kolo 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; a first top-up of at least $10 or €10 is needed to issue a card |
|---|---|
| Annual fee | Free |
| FX fee | 1% conversion fee on every card payment, from any asset including stablecoinsThe fine print
|
| ATM limit | USD card only, through Apple Pay or Google Pay at contactless ATMs: $500 per withdrawal and 3 withdrawals per rolling…The fine print
|
| Spending limit | Based on verification; can be reduced to $0 at any time |
Fees change; the current ones are in Kolo’s terms.
Features
- Welcome bonus: 2% cashback
- Cashback: 1% (2% first 30 days)
The fine print
- 2% in BTC for the first 30 days, then 1%, on Kolo USD and EUR cards
- Capped at $2 (€2) per transaction during the 2% period and $1 (€1) after, and at $100 (€100) a month
- Minimum eligible transaction $1 (€1)
- Paid daily in BTC once transactions clear
- Business and co-branded cards excluded
- KYC: Yes
- Card type: Virtual only. Kolo says physical cards are planned for 2027
- Top up with: BTC, ETH, USDC, USDT, PEPE and 10+ cryptos across Ethereum, Polygon, Optimism, Arbitrum
- Available countries: Kolo says the card works anywhere Visa is accepted worldwide, except restricted countries
Full list
- USD card payments with merchants in Afghanistan, Belarus, Bosnia and Herzegovina, Central African Republic, Cuba, Democratic Republic of the Congo, Ethiopia, Iran, Iraq, Lebanon, Libya, Myanmar, Nicaragua, North Korea, Palestine, Russia, Sudan, Syria, Ukraine, Venezuela and Zimbabwe are declined
- The EUR card declines merchants in Cuba, Iran, North Korea, Russia, Syria and Venezuela
Who issues the Kolo Card
The Kolo Card has a different issuer depending on where you sign up. Each one is listed below with its own source.
The Kolo Card is issued by Wirex Limited, UK (FCA FRN 902025) (Mastercard Principal Member direct (since July 2020); Visa Principal Member per the Wirex litepaper). The issuer is named in the source linked below. Kolo's card overview lists the EUR card (BIN 442601, Visa Platinum) with "WIREX, LTD" as issuer, country United Kingdom. Kolo says it works with several issuers and assigns the card programme after verification.
Primary source · All cards issued by Wirex Limited · Why the issuer matters
The Kolo Card is issued by Banco Popular de Puerto Rico, Puerto Rico. The issuer is named in the source linked below. Kolo's card overview lists the USD card (BIN 454905, Visa Platinum) with "Banco Popular de Puerto Rico" as issuer; the EUR card is issued by Wirex.
Primary source · All cards issued by Banco Popular de Puerto Rico · Why the issuer matters
Supported cryptocurrencies
You can load the Kolo Card with crypto; the 5 assets we track for it are listed below.
Pros and cons
Pros
- 1% BTC cashback on every purchase, 2% for the first 30 days
The fine print
- Spend any crypto you hold, converted at the moment of payment
- Free card issuance
- Apple Pay and Google Pay
- No annual maintenance fee
- Banking rails: IBAN / SEPA support
- Multi-chain top-up across 8+ networks
Cons
- 1% conversion fee on every card payment, stablecoins included
The fine print
- Virtual only, with physical cards planned for 2027
- Cashback capped at $100 a month
- Cash withdrawals only on the USD card
Regional availability
Availability by exclusion list
Not published: Kolo lists no countries where you can sign up; its terms exclude residents of Cuba, Iran, North Korea, Sudan, Syria and other sanctioned countries.
Banking and fiat rails
The fine print
- … IBAN verification
- Kolo does not provide a personal IBAN for deposits
Card overview
Kolo began as a Telegram Mini-App and now also signs people up outside Telegram. KYC runs through Sumsub in about a minute, and the standard sign-up is referral-linked. The card is a virtual Visa Platinum on hybrid custody, free to issue once you top up at least $10 or €10, and Kolo puts physical cards in 2027. Cashback is paid daily in bitcoin once transactions clear: 2% for the first 30 days, then 1%, capped at $2 per transaction during the 2% period and $1 after, and at $100 a month.
The 5% BTC figure in the marketing is a welcome bonus for new users, not the running rate. The real cost is conversion: Kolo's help centre charges 1% on every card payment, stablecoins included, while kolo.xyz still advertises 0% mark-ups on USDT, USDC and EURC, and a payment in a currency other than the card's own adds a Visa FX surcharge on top. Cash is limited to the USD card, through Apple Pay or Google Pay at contactless ATMs, for $1 plus 0.65% a withdrawal.
Memecoin top-up (PEPE on Ethereum, Polygon, Optimism and Arbitrum) is the feature crypto-native users notice, though I'd treat it as a curiosity. The weak side is operational. Spending limits can drop to $0 at any time based on internal verification, with no warning to the cardholder, and I'd push on that before relying on the card for daily spend. Kolo publishes no list of countries where you can sign up; its terms exclude residents of Cuba, Iran, North Korea, Sudan, Syria and other sanctioned countries.
Worth it if you want rewards paid in BTC, provided you keep a backup card for the days Kolo decides to gate you.
- Wrong card if
- spending-limit stability is non-negotiable
Common questions about the Kolo 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.
