Visa / Mastercard
Kolo
4.5/10Overall Score
Card Mode
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Card Type
Debit
Mobile Payments
Google PaySupportedApple PaySupported
About the Project
Fees & Rules
01Rewards
- Cashback
- 2%
Recent News
Card Guide
Overview
Kolo is operated by Hardline Holdings Limited, registered at the Astana International Financial Centre in Kazakhstan, with crypto services provided by Polish VASP BURVIX and the card running on Rain's issuing rails. The product is a Visa Platinum virtual card in USD and EUR: the USD card is issued by Banco Popular de Puerto Rico and the EUR card by WIREX. Assets sit in an MPC self-custody wallet, stablecoins convert to local currency at the moment of payment, and the USD card supports cash withdrawals at NFC ATMs.
| Item | Details |
|---|---|
| Formats: | virtual only, with Apple Pay and Google Pay support; a physical card is planned. |
| Tiers: | one Visa Platinum tier, available as a USD card and a EUR card. |
| Funding assets: | USDC, USDT, EURC, BTC and ETH across Ethereum, BNB Chain, Arbitrum, Base, Solana, Stellar and Polygon. |
| Use cases: | European everyday spending, cross-border payments in Africa and emerging markets, and SEPA transfers within the euro area. |
Benefits
| Item | Details |
|---|---|
| Cashback: | 2% for the first 30 days and 1% afterwards, paid in bitcoin. |
| Caps: | USD 2 per transaction at 2% or USD 1 at 1%, USD 100 equivalent a month, with a USD 1 minimum per purchase. |
| Stablecoin pricing: | no markup on USDT, USDC or EURC, the cheapest way to run the card. |
| Dual currency: | USD and EUR cards sit in one wallet, so euro-area spending avoids a second conversion. |
| SEPA payouts: | euros can be sent directly to European bank accounts such as Revolut, Wise or N26. |
| Settlement: | calculated daily, usually within one to three days on the USD card and up to 14 days on the EUR card. |
Fees
| Item | Details |
|---|---|
| Issuance: | free, with a USD 10 activation charge refunded in full to the card balance. |
| Monthly and inactivity fees: | none. |
| Crypto conversion: | 1% on every card payment, stablecoins included. |
| FX: | 0 when the card currency matches the purchase currency; the USD card adds 1% for USD payments at non-US merchants, and the EUR card adds 0.55% to 1.35% depending on currency. |
| ATM: | USD 1 + 0.65% per withdrawal and USD 0.60 for enquiries and declines, capped at USD 500 per withdrawal and three withdrawals in 24 hours; the EUR card has no ATM access. |
| Payouts: | EUR 1 per IBAN withdrawal. |
Availability
| Item | Details |
|---|---|
| Supported: | more than 60 countries across Africa, the EEA, the UK and the Middle East to apply, with overall reach described as 170-plus countries. |
| Not supported: | the United States, Cuba, Iran, North Korea, Sudan and Syria. |
| Onboarding: | 18 or older, with a compliance questionnaire, identity document and video selfie handled by Sumsub. |
| Spending limits: | USD 9,000 a day and USD 9,000 a month, adjustable per account. |
| Cash limits: | USD 500 per withdrawal and three withdrawals in 24 hours on the USD card, at NFC-enabled ATMs. |
| Funding: | a first top-up of at least USD 10 or the EUR equivalent. |