XPlace Card.
Solana-based non-custodial credit card: deposit BTC/ETH/SOL/JitoSOL/USDC/USDT as collateral into Kamino Finance, borrow USDC against it via Credit Mode, and spend via a Visa card (virtual instantly, physical metal in 7–14 days) — all while retaining on-chain ownership of the underlying assets. Four membership tiers (Basic free to Platinum $999/yr) scale cashback (up to 10% on select categories), FX fees (1% down to 0%), and limits.
Pros.
- +Non-custodial — collateral is deposited directly into audited Kamino Finance smart contracts on Solana; XPlace cannot move or access it
- +Virtual card active in minutes; physical metal card ships in 7–14 business days
- +Up to 10% cashback on select categories (flights/AI) and up to 4% on general spend at the top (Platinum) tier
- +Credit Mode — borrow USDC against BTC/ETH/SOL/JitoSOL collateral instead of selling
- +Card transaction fee is 0% at every membership tier; FX fee drops to 0% at Platinum
- +Apple Pay & Google Pay supported
- +Free "Basic" membership tier available — paid tiers (Silver $99/yr, Gold $249/yr, Platinum $999/yr) unlock higher limits and cashback
Cons.
- −Fee schedule is now published and tiered — but the free Basic tier carries a 1% FX fee and a 2% bridge/deposit fee (only Platinum reaches 0% FX)
- −Collateral yield is variable and not guaranteed per the Terms of Service — not a flat headline APY
- −Runs on Solana only — BTC and ETH are wrapped assets (cbBTC, wETH), not native chains
- −Newer service (2024)
- −Blocked in several countries: Belarus, mainland China, Cuba, India, Iran, Iraq, Israel, Myanmar, Nepal, Nicaragua, North Korea, Russia, Syria, Turkey, Ukraine, Venezuela, Vietnam
- −US is supported overall, but 16 US states are restricted from card/credit features (AZ, DE, GA, ID, LA, MD, NV, NM, ND, OH, OR, RI, SD, VT, WA, WI)
Detailed fee breakdown.
Published, tiered fee schedule per Terms of Service (effective 2026-05-20): card transaction fee 0% at every tier. FX fee: Basic 1%, Silver 0.5%, Gold 0.25%, Platinum 0%. Bridge/deposit fee: Basic 2%, Silver 1.5%, Gold 1%, Platinum 0.5%. Cashback on general spend: Basic 0.5-1%, Silver 1-2%, Gold 1.5-3%, Platinum 2-4%; select categories (flights/AI) up to 10% at Platinum. Monthly spend limit: Basic $2,000, Silver $10,000, Gold $50,000, Platinum $750,000. Membership: Basic free, Silver $99/yr, Gold $249/yr, Platinum $999/yr. Collateral yield is variable, set by Kamino Finance market conditions — not guaranteed.