Ledger Card Review 2026

Baanx, not Ledger, owns the issuer relationship. Ledger's own cl-card page describes it as "provided by Baanx and designed for Ledger users." That's the part most reviews miss when they call it the Ledger Card. The actual product is the CL Card, a Visa in the US and a Mastercard in the UK and EEA.

Custody is split: crypto stays in self-custody on your Ledger signer, and once you move it to the card account it is custodial, as Ledger's own FAQ says. Cashback is 1% in BTC or USDC in the US, and outside it 1% in BTC or USDT, or 2% paid in BXX token for users willing to take the token exposure. The crypto-funding math is the problem: every crypto-funded purchase carries a 2% card spend fee, so the 1% reward nets about minus 1%. The fee sheet also lists 1.75% for crypto-to-fiat conversions without saying whether it applies to purchases.

Geography covers the EEA, UK, USA (excluding NY and VT), Canada, Switzerland, Colombia, Mexico, and Brazil. In the US an ATM withdrawal costs $2.50 at home and $3 plus 2% abroad on the fee sheet, which the account disclosures put at $3 plus 1.5%, up to $2,000 a day, and the account comes with its own routing and account number at Cross River Bank. In the UK, UAB Monavate's fee document lists €2.50 per ATM withdrawal at home, €3 plus 1.5% abroad and no separate foreign-currency payment fee; in the EEA neither is published.

EUR and GBP transfers in are free and out cost 3.49%, and no personal IBAN is named. Apple Pay and Google Pay both work. Fund from fiat and the 1% BTC rebate is a small bonus on top of a normal debit card. Fund from crypto and you're paying two points to earn back one.