Pera Card Review 2026
Reviewed by Mihail B. in · how we verify
Algorithmic score, not user reviews: how it is calculated
Closed to new applicants since . Cards you can still get
Fees and limits
| Issuance fee | Not disclosed |
|---|---|
| Annual fee | Not disclosed |
| FX fee | Not disclosed |
| ATM limit | Not disclosed |
| Spending limit | Not disclosed |
Features
- Welcome bonus: 2% cashback
- Cashback: 2% cashback in USDC on purchases over $5
- KYC: Yes
- Card type: Virtual only
- Top up with: Algorand-based crypto (ALGO, USDC on Algorand)
- Available countries: United Kingdom, Germany, Italy, Spain, New Zealand (Netherlands, Poland, Portugal added later)
Who issues the Pera Card
Pera Card does not name its issuer outright, and on the documents we could reach, the sponsor appears to be Immersve, New Zealand (FSP, Mastercard Principal), inferred from the program manager and not stated by the issuer itself.
Pros and cons before it closed
Pros
- Self-custody on Algorand; USDC cashback; card address never held by a custodian; available in UK and select EU
Cons
- Programme ended 3 April 2026; limited to the Algorand ecosystem; few countries; Pera never named the provider
- No IBAN or bank-account features
Regional availability
Was available across the EEA
The Pera Card covered the EU member states plus Iceland, Liechtenstein and Norway.
Was available in these regions:
Banking and fiat rails
Card overview
Pera Card, the spending arm of the non-custodial Pera Wallet on Algorand, isn't live. Cards stopped working on 3 April 2026, when the provider partnership ended, and Pera wound the programme down properly: a support article opened a withdrawal window on 12 March and disabled deposits on 26 March, and anyone who left USDC behind had the account closed by hand. The perawallet.app/pera-card page now shows "Back Soon, Better Than Ever" with a waitlist.
The team's framing is "we're not just migrating, we're upgrading", with wider coverage, native wallet integration and a cleaner UI promised for the next card. The old product was a self-custody Mastercard Debit that spent USDC straight from an on-chain address, with 2% USDC cashback on purchases above $5, in the UK, Germany, Italy, Spain and New Zealand. Pera never named the provider; the launch announcement points at Immersve. If you didn't already hold Algorand-issued USDC, you had to bridge before you could spend.
No fee schedule, FX margin or relaunch date has been published for the new card. Best fit: nobody has a usable card today. Existing Algorand users can join the waitlist for the relaunch, but there is no live product, fee schedule or date to evaluate yet.
