Wirex Card Review 2026

Running since 2014, longer than any other crypto card in our catalogue, and as of mid-2026 it is not the same product it was. Wirex stripped crypto functionality out of the old custodial Wirex App for EEA and Australian users on 30 June 2026: no more crypto deposits, withdrawals, exchange, or spending crypto from the card. New customers get Wirex One instead, whose wallet is non-custodial with keys generated for you, although the fiat balance the card actually spends from still sits with the issuer. The cashback rewrite is the headline. It pays in USD now, and their help centre says so without hedging: "earns cashback in USD, not in crypto, not in tokens". The WXT era is over. Five tiers run 0.5%, 1%, 3%, 5% and 8%, with no subscription and no lock-up, but every tier above the first needs two things at once: a portfolio floor and a slice of that portfolio held in WPAY. The 8% Bespoke tier wants $50,000 with 10% of it in the token. Then read the cap, because nobody advertises it. Redemption is limited to $2,000 a month at the top tier, $300 at Elite, $25 at Base. Spend $34,500 a month at 8% and you accrue $2,760 while being allowed to withdraw $2,000, so what you realise is 5.8%. Overflow carries forward rather than expiring. Fees are the strange part: the entire Wirex One fee table is one line reading "Foreign transaction fee: Free", and the fee schedule their own terms link to returns a 404. The FX claim did survive the one test we could run, a cardholder transaction that priced EUR/USD within 0.02% of the ECB daily reference. Worth knowing on the issuer question: in the EEA the card is issued by Transact Payments Malta, an MFSA e-money institution, not by Wirex. Best fit: someone who wants a high headline rate paid in dollars and will hold WPAY to unlock it. Wrong card if you spend enough for the monthly cap to bite, or you want to see a fee schedule before you sign up.