Rain

Verdict

Rain is not a consumer crypto card. It is a stablecoin-funded corporate card (Rain Spend) and a card-issuing platform that other companies use to launch their own programs. It suits U.S. business teams that want to run company spend off stablecoin balances, with virtual and physical cards, granular controls, and QuickBooks or Entendre accounting sync. Individuals hunting a headline cashback percentage are in the wrong place.

The top-line is plain: the Rain Spend Starter Plan costs $0/month, cards run on Visa, and Rain holds nothing itself — it is explicitly “not a bank, exchange, or asset custodian.” There is no published cashback rate; rewards are configurable loyalty points, not a fixed percentage. Read the fee and eligibility catches below before assuming it fits.

Rewards: points, not a published rate

Rain does not disclose a headline cashback rate. Its Rewards product is a configurable platform for enterprises — earn structures are “designed around your economics” and set per program, so there is no single Rain rate to quote. If you want a fixed “X% back” number, Rain does not publish one.

What you actually earn are loyalty points Rain brands Raindrops, redeemable as statement credit against a card balance or for curated experiences and partner benefits. Rain is explicit that these are “not cash, cryptocurrency, or a deposit account.”

Fees: $0/month, but only on the Starter Plan

The only published price is the Rain Spend Starter Plan at $0/month, and the catch is baked in: it covers up to 10 physical and 20 virtual cards, U.S. teams only. Pricing for higher-volume or other plans, and any per-card or program fees, is not published — Rain directs you to sales or sets it per partner program. Treat “$0” as the entry tier, not the whole story.

Custody: Rain holds nothing

Custody is hybrid and non-custodial. Rain and its affiliates “are not banks, exchanges, or asset custodians”; it integrates third-party wallet providers rather than holding assets itself. For Rain Spend, the stablecoin balance sits in a smart contract the business controls — support even documents how to change the smart-contract owner. Cards are funded by stablecoin balances, and Rain settles with Visa daily using stablecoins, so cardholders spend in fiat while stablecoins back the settlement.

USD banking and deposits are provided by SSB, Member FDIC. Note the boundary: FDIC insurance covers deposits at SSB, not your stablecoin balances.

Availability and controls

Rain’s own corporate card is U.S. teams only on the Starter Plan, and identity verification is required. Global reach comes through partners: cards are “issued through partners licensed in their respective jurisdictions,” with Rain’s program coverage spanning North America, LAC, APAC, and CEMEA. Rain-issued cards are accepted anywhere Visa is, and can be added to Apple Pay and Google Pay.

For administrators, the controls are the selling point: per-card limits, categories, and approval workflows; role-based member permissions; and scoped single-use virtual cards locked to a merchant, amount, and task — which authorized AI agents can even create programmatically.

Who it is for

Get it if you are a U.S. business team wanting a no-monthly-fee corporate card funded by stablecoins, with strong spend controls, virtual and physical cards, and QuickBooks or Entendre sync — or a company that wants to issue its own card program across multiple regions.

Skip it if you are an individual chasing a published crypto-cashback rate: Rain does not advertise one, its rewards are configurable points, and its direct card is limited to U.S. teams. This is infrastructure and corporate spend, not a personal rewards card.