Wirex Card

Verdict

The Wirex Card suits crypto holders who want to spend stablecoins, other crypto, and traditional currency from one app — and who accept a custodial account rather than self-custody. In the UK it is a Mastercard debit card; the premium Wirex Metal Card is a Visa Signature. There is no monthly fee and no annual charge, and Wirex markets zero FX fees across 150+ countries.

The headline is up to 8% cashback in USD, but that rate sits at the top of five membership tiers, so most spenders earn far less. The card is issued by Wirex Limited, an FCA-authorised e-money institution (registration number 902025) — e-money, not a bank deposit.

Rewards and the real conditions

Wirex advertises “up to 8% cashback in USD,” but that rate is the top of a ladder: every eligible purchase earns between 0.5% and 8% back, depending on your membership tier. The entry tier earns 0.5%; 8% is the ceiling.

There are five tiers under the Wirex One programme — Base, Premium, Elite, Private and Bespoke — with no subscription fee and no lock-up. Your tier is set by two thresholds that must both be met: your portfolio size and the percentage held in WPAY, recalculated daily. So the headline rate means holding a large balance weighted heavily into WPAY. Cashback is paid in USD (legacy Cryptoback paid in WXT), credited to your Rewards Balance when a transaction clears, and instantly redeemable; limits and currencies may vary between the UK and USA.

Fees

The card is cheap to hold: no monthly fee, no annual charge, and free card issuance. The virtual card is free to order.

Wirex markets zero FX fees in 150+ countries, and the UK fee schedule shows no separate foreign-transaction line. Note the history, though: Wirex previously applied out-of-allowance FX fees on lower tiers, even if no such cap appears now.

Custody and who holds your money

This is a custodial card, not self-custody. You top it up from your Wirex Multicurrency Account and link the currency account to be charged; a crypto or stablecoin balance is converted to fiat at spend. Traditional currency is safeguarded in a segregated bank account and crypto is held by Wirex with a secure custodian. Because it is an e-money product from Wirex Limited, the Financial Services Compensation Scheme does not apply — there is no deposit-style protection if the issuer fails.

Availability and getting one

The platform reaches over 130 countries, but card availability is per-country: the official Supported Countries table has a dedicated Card column. The United Kingdom row shows full support including the card, whereas the United Arab Emirates row shows N/A for the card. The standard UK card runs on Mastercard; the Metal card is a Visa Signature.

The virtual card is issued instantly on signup, available in the app once you finish Wirex onboarding and identity verification (KYC); physical and Metal cards follow as your tier grows. Apple Pay and Google Pay both work. Funding is from the multi-currency account, with USDT a named supported asset across multiple networks; Wirex does not publish its full supported-stablecoin list on the card pages, nor a maximum number of concurrent virtual cards.

Who it is for

Get it if you are in the UK or another supported country, want to spend crypto and fiat from one app with no monthly or annual fee and zero FX fees abroad, use Apple or Google Pay, and already hold enough — weighted into WPAY — to climb the rewards tiers. Skip it if you want self-custody, expect FSCS-style protection, or are drawn only by the 8% headline: without a large WPAY-weighted portfolio, you will earn nearer 0.5%.