Fuse Card Review (2026)

by Squads Labs

The Fuse Card is a Visa debit card with no annual fee, available in US (excl. NY, AK) + 17 markets.

Reviewed by Card Pilled Editorial · Last verified 2026-11-08

Key Facts

Cashback
0%
Annual Fee
$0
Region
US (excl. NY, AK) + 17 markets
Type
Debit
Network
Visa
KYC
full
Mobile Pay
Apple Pay, Google Pay

Overview

Squads Labs is the developer of Squads, a Solana multisig and smart-account protocol that originated at the 2021 Solana Season Hackathon. The company raised a $10 million Series A in 2024 led by Electric Capital, with participation from Coinbase Ventures, Placeholder VC, and RockawayX, and launched its consumer mobile wallet Fuse alongside the round.

The Fuse Card is a crypto debit card offered by Squads Labs, available in US (excl. NY, AK) + 17 markets. There is no annual fee to hold this card.

It is a strong fit for privacy-conscious users who want to keep custody of their keys while spending. It runs on the Visa network and requires full identity verification.

Cashback Tiers

Fuse Card cashback tiers and requirements
TierRateRequirement
Standard0%No cashback program

Pros

Cons

Fees & Costs

Conversion Fee
0%
FX Fee
0% (no fee on transactions with merchants outside the U.S.)
ATM Withdrawal
Not supported (Fuse Cards cannot be used at ATMs)
Top-Up Fee
0%

Limits & Top-Up

Daily Spending Limit
USD 2,000 (default)

Who's behind this card

Issuing bank
Lead Bank

Cost & Returns

On $500/mo spend, the estimated monthly cost breakdown for Fuse Card is: gas $0.00, conversion spread $0.00, flat transaction fees $0.00, and amortised card/tier fee $0.00, for a total drag of 0% of spend. After $0.00/mo cashback that nets a gain of about $0.00/mo ($0.00/yr). Because Fuse Card is loaded on-chain, frequent small top-ups add gas cost: a daily-spender profile pays about $0.02/mo in gas versus $0.00/mo for a single monthly load, so total drag runs 0% with daily reloads versus 0% with a monthly reload. Figures are conservative estimates and vary with conditions.

Note: Self-custodial Solana card via Squads Protocol, in partnership with Bridge. USDC spent directly from wallet at point of sale, no pre-loading. Virtual only (no physical card). No top-up or transaction fees per Fuse blog. US plus 17 other countries (primarily LATAM). STATE EXCLUSIONS CORRECTED (2026-09-18): Fuse's own support page states the card is available in the continental United States excluding New York and Alaska, and lists the same 17 countries recorded here. The additional Florida and Louisiana exclusions previously recorded, sourced to AltcoinBuzz and OpenCryptocards in June 2026, appear on no Fuse-controlled page and are not republished here. Fuse Earn offers yield on USDC; fusewallet.com publishes no rate. Apple/Google Pay. Fuse's support page says the card works including outside the U.S. with no fees. $2K default daily spend limit. Issued by Lead Bank.

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FAQ

What is the Fuse Card?

The Fuse Card is a crypto debit card offered by Squads Labs. It is available in US (excl. NY, AK) + 17 markets and allows users to spend cryptocurrency at merchants worldwide.

What are the fees for the Fuse Card?

The Fuse Card has an annual fee of $0. Additional fees: Conversion fee: 0%; FX fee: 0% (no fee on transactions with merchants outside the U.S.); ATM: Not supported (Fuse Cards cannot be used at ATMs); Top-up: 0%.

What are the spending limits on the Fuse Card?

The Fuse Card has the following limits: daily spending limit: USD 2,000 (default). Limits can vary by account tier and verification level.

Does the Fuse Card require KYC?

Yes. The Fuse Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.

Which countries is the Fuse Card available in?

The Fuse Card is available in US (excl. NY, AK) + 17 markets.

Is the Fuse Card a credit or debit card?

The Fuse Card is a debit card. You need to load cryptocurrency onto the card before making purchases.

Is the Fuse Card a non-custodial card?

Yes, the Fuse Card is a non-custodial (self-custody) card. This means you retain control of your private keys and your crypto is not held by a third party. Funds are only converted at the point of sale, reducing counterparty risk compared to custodial alternatives.

Does the Fuse Card support Apple Pay or Google Pay?

Yes, the Fuse Card supports Apple Pay and Google Pay for contactless payments.

Who issues the Fuse Card?

The Fuse Card is issued by Lead Bank.

Visit Squads Labs

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