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Penchan
🇳🇿 New Zealand

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Ethena Pay

Rewards on your USD balance that go toward everyday card spending

New Zealand: available

Ethena Pay card art
Apply for Ethena Pay (opens in a new window)

Features

  • 🔗 Spend your Ethena Pay balance directly
  • 📊 Cashback you've earned is never cut
  • 🔑 Face ID or passkey login
  • 📈 Annual yield 5%⁠–⁠6%
  • 🔐 DeFi wallet
  • 🏷️ Secured card

Cashback & fees

How to get it: Free, no minimum

Cashback
4%
AVAX · First US$2,500 a month
FX fee
1%
Visa FX about 1%, no Ethena markup
Annual fee
US$0
Other fees
ATM withdrawal
0.65% + US$1; only where the card, device and country support it
Top-up
Stablecoins free (plus on-chain fees)
USD purchases (overseas merchants)
0%
Late payment
Up to US$40
Returned payment
Up to US$29
Card replacement
Free
Issuer
Third National / Rain

See how much you could earn

Drag to see your cashback each month! FX fees are not deducted here.

US$800
US$200US$5,000

—/ month

About — cashback a year

Plan: Standard

Works with

  • Apple Pay Supported
  • Google Pay Coming soon
  • ChatGPT subscription Not yet verified
  • Claude subscription Users report it works

Spend it in these places

  • New Zealand

How to apply

  1. Tap the button below to go to Ethena Pay, then download the iPhone app to join the waitlist
  2. Pass the issuer's identity check and the card is ready to use
Apply for Ethena Pay (opens in a new window)

Know before you apply

  • A balance more than 1 day overdue or insufficient collateral may be liquidated; the grace period is set by Ethena Pay and the issuer. 🔗

  • Your spending limit can be cut to 0 at any time, not always with notice.

  • The up-to-6% annual yield is an official promotion that needs at least 1 card purchase that month; there is no deposit insurance. 🔗

  • Only an English iPhone app for now (iOS 17 or later); an Android app is coming soon. 🔗

Notes

Checked: 2026-10-02 · Compiled and cross-checked with the help of Claude, ChatGPT, Grok and Gemini · Unpublished details follow the Taiwan programme · Some AI subscription statuses come from user reports · Spotted a mistake? Let us know

"Available" still means passing the issuer's identity check. Rates, yields and promotions follow the official announcements and can change at any time.

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