Plutus 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 | Free (virtual); physical card GBP 9.99 or EUR 9.99 |
|---|---|
| Annual fee | No free plan with rewardsThe fine print
|
| FX fee | 2.5% FX fee on foreign currency transactions |
| ATM limit | 2.5% per withdrawal on every plan; the daily ATM cap is not published |
| Spending limit | The fee page lists GBP/EUR 500,000 a day; rewards count only on the first GBP/EUR 250, 500 or 1,000 of monthly spend, by plan |
Features
- Welcome bonus: £8 bonus
- Cashback: 3% (Tiers, cap GBP 250/mo)
The fine print
- When the card worked: 3% back in PLUS, Plutus's in-app reward points, on the first GBP/EUR 250 (Starter), 500 (Everyday) or 1,000 (Premium) of monthly spend, rising to 9% for holders who stack 40,000 PLU
- Perks paid up to GBP/EUR 10 back at chosen brands, one to three a month by plan
- During the migration no PLUS can be earned from card spending
- Subscribers are credited the PLUS their plan's cap and perks would have paid
- PlutusLite, the free mode, earns no PLUS
- KYC: Yes
- Card type: Virtual + Physical
- Top up with: Top-ups are unavailable during the banking migration. Plutus says the new setup will take bank transfer, debit card, credit card and crypto.
- Available countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Finland, France, Germany, Greece, Hungary, Iceland…
Full list
… Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Poland, Portugal, Romania, Slovenia, Spain, Sweden, The Netherlands, United Kingdom
Who issues the Plutus Card
The Plutus Card is issued by Modulr FS Limited, UK (FCA FRN 900573); EEA via Modulr Finance B.V. (DNB R182870). The issuer is named in the source linked below. UK only. Terms list "Plutus Debit Card (via Modulr)" and describe the partner as "an authorised Electronic Money Institution", without specifying which Modulr entity. The EEA terms name nobody and state card services are "temporarily unavailable as we transition to a new banking partner".
Primary source · All cards issued by Modulr FS Limited · Why the issuer matters
Pros and cons before it closed
Pros
- When the card worked, 3% back in PLUS without staking; up to GBP/EUR 10 back on one to three monthly Perks; 50+ Perk brands
- No card issuance fee
- Welcome bonus: £8 bonus
Cons
- No card issued to new sign-ups since at least February 2026
The fine print
- No card spending during the banking migration
- Rewards need a paid plan from GBP 9.99 a month and stop at GBP 250 to 1,000 of monthly spend
- 2.5% on non-domestic payments and ATM withdrawals
- Rewards are in-app points, not cash
- FX fee: 2.5% on foreign-currency spend
- No IBAN or bank-account features
Regional availability
Was available across the EEA
The Plutus Card covered the EU member states plus Iceland, Liechtenstein and Norway.
Was available in these regions:
Banking and fiat rails
The fine print
- The Modulr accounts ended when Plutus terminated that contract in October 2025
- An IBAN is promised with the new banking partner, which is not live
Card overview
Plutus stopped issuing cards to new customers by late January 2026. It ended its contract with its card provider Modulr in October 2025, and new sign-ups now land in PlutusLite, a mode with no card, no top-ups and no new subscriptions, while Plutus moves to a banking partner it has not named. Plutus promised a new card for the second half of 2026; none had launched when we checked on 25 September. What follows describes the card as it worked.
Plutus was a UK and EEA Visa debit sold only on a paid subscription. It paid 3% back in PLUS, Plutus's in-app reward points, on the first £250 (Starter), £500 (Everyday) or £1,000 (Premium) of monthly spend, rising to 9% for holders who stacked 40,000 PLU. Past the cap, rewards stopped. Perks paid up to £/€10 back at chosen brands, one to three a month by plan.
FX was 2.5% on non-domestic transactions, and each ATM withdrawal cost 2.5%. The virtual card was free and the physical card £9.99. Apple Pay never arrived. Existing subscribers pay £9.99, £19.99 or £29.99 a month from 14 September 2026, and during the migration card spending earns no PLUS.
