Head to head
Plasma One vs EtherFi
Both cards run on the same benchmark test, so this compares deducted cost rather than advertised rates.
| Metric | Pl Plasma One | Et EtherFi |
|---|---|---|
| Overall rank | #24 of 27 | #2 of 27 |
| FX spread | 1% | 1% |
| Base cashback | 2 | 3% instant |
| Custody | Non-custodial | Non-Custodial |
| Virtual card | Free, Core tier is ~$120-$199/yr or 10,000-20,000 XPL lock; Platinum tier is 100,000 XPL lock | First free, $10 for additional |
| Physical card | Upper tiers only | $50 (metal unlocked on higher VIP tiers) |
| Spend limit | $30,000/day | Up to $30,000/day on the free Core tier |
| ATM withdrawals | No ATM access on Lite tier | $250/day limit, 2% flat fee, no free tier |
| Setup time | 10 minutes | ~8 minutes |
| KYC steps | 3 | 5 |
| Score | 6.5/10 | 9.2/10 |
Plasma One
Plasma One combines self-custodial stablecoin spending with integrated vault yield, removing the usual swap step before you pay. The free tier is limited; premium-tier cashback is paid entirely in XPL, and FX fees are high
EtherFi
EtherFi charges a 0.51% spread when you swipe in a foreign currency, but the instant 3% cashback more than neutralises it. Net cost on the benchmark purchase came to $1.45, below the mid-market value of the same basket. Stay under the $2,000 monthly cap and the card pays you to spend.
Who ranks these cards
I'm Tristyn Pawson, founder of ConsistenC.xyz. Over the last five years I've worked on marketing, development and growth across five crypto cards and neobanks, building at least three of them from scratch.
Alongside that I've run in-depth research on 20+ crypto banks to understand what actually makes someone keep a card in their wallet. These rankings reflect that: which problems are tolerable, and which ones are genuine deal breakers.
- Years in market
- 5
- Cards built on
- 5
- Neobanks researched
- 20+