The Rain Card is a Visa / Mastercard debit card with no annual fee, available in 150+ countries (partner-dependent).
Rain is a US-founded stablecoin card-issuing infrastructure company that powers card programs for crypto platforms and enterprises rather than serving consumers directly. It holds Visa Principal Membership and Mastercard principal membership, and raised a $250 million Series C in January 2026 at a roughly $1.95 billion valuation led by ICONIQ.
The Rain Card is a crypto debit card offered by Rain, available in 150+ countries (partner-dependent). 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 / Mastercard network and requires standard 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. Browse all our regional card guides. See where it ranks among the best crypto debit cards.
On $500/mo spend, the estimated monthly cost breakdown for Rain 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 $0.00/mo cashback that is still a net cost of about $7.50/mo ($90.00/yr). Rain Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Rain is not a card you can apply for. It is the issuing and settlement layer behind other companies' cards: "Through a single API, Rain helps companies launch stablecoin-powered cards, manage digital dollar accounts, and move money across borders". Consumers never sign up with Rain directly; they use partner-branded cards that Rain powers, such as ether.fi Cash and KAST, and independent coverage describes it the same way: rather than issuing cards to consumers, Rain provides the infrastructure for partners to launch card programs. If you are comparing cards to pick one, the relevant products are the partner cards, several of which this site lists separately. Also mind the name: this is rain.xyz, not Rain the Bahrain-licensed retail exchange at rain.com.
As infrastructure, the credentials check out. Rain states it is a Visa Principal Member able to issue directly into programs reaching over 150 million merchant locations in more than 150 countries, and it settles card transactions with Visa daily using stablecoins. It became a Mastercard Principal Member in 2026, independently covered by The Block, with plans to explore settling select program flows onchain using regulated stablecoins. It raised a $250M Series C at a $1.95B valuation led by ICONIQ in January 2026 and self-reports over 200 partners and more than $3B in annualized transaction volume; treat those scale figures as company claims, not audited numbers.
What to watch: every consumer-facing attribute (fees, rewards, limits, KYC, supported assets) is set by the partner program, not by Rain, which issues both credit and prepaid cards depending on the program. So no fixed fee or cashback number honestly describes "a Rain card", and regional availability is likewise partner-dependent; ether.fi Cash, for example, is unavailable in about twenty US states rather than being cleanly "not for the US". This entry is best read as an issuer profile: if a card you are considering names Rain as its issuing partner, that is a real, well-capitalized principal member of both networks, but the terms you will actually live with belong to the partner, not to Rain.
There is no meaningful consumer review footprint for Rain itself, which is expected for a B2B issuer: no Trustpilot or app-store presence surfaced for rain.xyz, and coverage is dominated by Rain's own resource pages, investor posts, and press releases rather than independent developer or partner complaints. Partner case studies exist (ether.fi passing $1M in volume within a month of launch) but they are Rain's own marketing and should not be read as independent sentiment [1]. Independent press confirms the infrastructure role and partner roster, which is the closest thing to third-party verification available [2]. Developer and partner satisfaction is not established either way.
Updated 2026-07-07
Note: Corporate/B2B stablecoin payments infrastructure. NOT for US individuals. Direct Visa membership + Mastercard Principal Member (announced May 2026). $250M Series C (Jan 2026) at $1.95B valuation (17x increase in 10 months), led by ICONIQ; total funding >$338M. Plans on-chain settlement with Mastercard for selected flows using regulated stablecoins. $3B+ annualized volume. Powers cards for Phantom, Avalanche, and others. Offers an Agent Control Layer (programmatic spend controls for AI agents, production usage self-reported); Mastercard Agent Pay for Machines launch partner (June 2026). Launched Rain Rewards in 2026, an integrated loyalty layer that partners can attach to card programmes built on Rain; the Rain-branded card itself still carries no cashback.
Other crypto cards in the same region or category that may suit your spending profile:
The Rain Card is a crypto debit card offered by Rain. It is available in 150+ countries (partner-dependent) and allows users to spend cryptocurrency at merchants worldwide.
The Rain Card has an annual fee of $0.
Yes. Rain requires standard identity verification (KYC), typically a government-issued ID, during signup.
The Rain Card is available in 150+ countries (partner-dependent).
The Rain Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Yes, the Rain 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.
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