The Pera Card earns 2% USDC cashback on a Mastercard debit card with no annual fee, available in UK/EU/NZ.
Pera Wallet is a non-custodial mobile and web wallet for the Algorand blockchain, built and maintained by the Hipo team that also develops Tinyman and other Algorand ecosystem projects. The product began as the official Algorand Wallet in 2019 and was relaunched under the Pera brand in 2022, with backing from the Algorand Foundation, Borderless Capital, Arrington Capital, and DWF Labs in 2023.
The Pera Card is a crypto debit card offered by Pera Wallet (Algorand), available in UK/EU/NZ. It offers 2% USDC cashback rewards on purchases. 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 Mastercard network and requires full identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Compare more options in our regional guides for Europe and the UK. See where it ranks among the best crypto debit cards.
| Tier | Rate | Requirement |
|---|---|---|
| Standard | 2% | 2% cashback in USDC on eligible purchases |
On $500/mo spend, the estimated monthly cost breakdown for Pera Card is: gas $0.00, conversion spread $7.50, flat/FX fees $0.00, and amortised card/tier fee $0.00, for a total drag of 1.5% of spend. After $10.00/mo cashback that nets a gain of about $2.50/mo ($30.00/yr). Because Pera 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 1.5% with daily reloads versus 1.5% with a monthly reload. Figures are conservative estimates and vary with conditions.
Note: Non-custodial Mastercard debit card on Algorand, launched May 2025 via Immersve. Spend USDC (USDCa) from your Pera Wallet at any Mastercard merchant via Apple Pay/Google Pay. Funds deposited to a dedicated on-chain card address (not centralized custody); withdraw instantly via Immersve or permissionlessly after a 7-day delay. Real-time on-chain settlement leveraging Algorand instant finality. Minimal Algorand network fees (~0.001 ALGO per tx). No annual or signup fees. 2% cashback paid in USDC to spending wallet. Expanded to Netherlands, Poland, and Portugal in 2026. STATUS FLAG (2026-08-27): perawallet.app/pera-card is no longer a product page. It now reads "Back Soon, Better Than Ever" with a waitlist signup and the line "We're not just migrating, we're upgrading", and carries no cashback rate, no country list, no fee information and no way to obtain a card. The 2% rate, the eight-country list, the Immersve integration and the on-chain card address recorded here are all absent from the provider's site, and "migrating" implies the Immersve version was wound down. CONFIRMED 2026-09-11 and again 2026-09-18: a direct read of perawallet.app/pera-card returns the same waitlist page with no rate, no fee and no country list, now saying Pera is "building the next generation of Pera Card" and that it will reach more countries, with signup gated behind Pera Connect, so the card is not obtainable today. The recorded 2% rate and country list describe the withdrawn Immersve product and should be read as historical. CONFIRMED AGAIN 2026-09-25: the same waitlist page, unchanged. Status is left active rather than reclassified because the provider says the card is returning; a human should decide the reclassification. The earlier reason that this file had no UNCLEAR section no longer applies, since one was added on 2026-09-20.
Other crypto cards in the same region or category that may suit your spending profile:
The Pera Card is a crypto debit card offered by Pera Wallet (Algorand). It is available in UK/EU/NZ and allows users to spend cryptocurrency at merchants worldwide.
The Pera Card offers 2% USDC cashback.
The Pera Card has an annual fee of $0. Additional fees: Conversion fee: ~0.001 ALGO network fee.
Yes. The Pera Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The Pera Card is available in UK/EU/NZ.
The Pera Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Pera 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.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level, or compare cards side by side.