WEEKLY WRAP · 2026-09-29
4 quick hits · market context · 34 cards updated
SHUTDOWN
Last week we told you the Gnosis Pay cashback programme ends September 30. Then Gnosis Pay announced the rest. On September 22 it said its consumer debit card and web app are discontinued from December 20, 2026 at 23:59 UTC. After that, cards stop processing purchases and ATM withdrawals, and app.gnosispay.com becomes withdrawal-only. Your funds sit in your own Gnosis Pay Safe, which is self-custodial, so nothing is frozen and there is no withdrawal deadline. The cashback timeline is tighter: eligibility ends tomorrow, September 30, with a final distribution on October 7. None of this is a collapse. It finishes a pivot that started in 2025, from selling a card to you to selling card infrastructure to wallets and fintechs, and gnosispay.com already reads that way: no consumer pricing, and new signups routed to partner apps. Those partner cards are the part to know about if you want to stay on the same rails. Gnosis Pay describes Zeal, PicnicBR, Rebind and MiniPay as continuing, so Rebind (the Europe-only one we track, with its Monerium IBAN and 0% FX) is not caught by the shutdown itself. What Rebind pays in cashback once the Gnosis-funded programme stops is not published anywhere we can read, and our entry says so rather than guessing. Our read: the direct-to-consumer card was always the loss leader here, and the business was the pipes. We are keeping Gnosis Pay listed as active until December 20, because the card works until then, and it moves to discontinued the day it stops.
Source: KuCoin News Gnosis Pay → Rebind Card →
INDUSTRY
At 18:31 UTC on September 24, attackers spoofed transfer-authorisation data in Bitget's wallet backend and drained $351.6 million from the exchange's hot and warm wallets. Cold wallets were not touched. Bitget and secondary reporting point to suspected North Korean actors, and Bitget says customer balances are unaffected and covered by its User Protection Fund of more than $464 million. Withdrawals were paused and are coming back on a schedule: BTC on September 28, ETH today, USDT tomorrow, everything by October 2. The card in our directory is the Bitget Wallet Card, which is a separate product from the exchange, and the bitget.com fee pages cover the exchange's own card rather than this one. No card terms changed this week, so there is nothing in our data to correct. Our read: we would still not wave it through. Our entry has carried an unresolved issuer conflict for weeks (Bitget's own documents name Immersve on Mastercard in one place and ReapPay on Visa in another) and a pending Austrian MiCAR authorisation. Honestly, a $351.6 million loss at the parent is exactly when you want to know which regulated entity actually holds your card balance, and Bitget still does not publish an EEA or UK cardholder agreement that would tell you. If the Wallet Card is your daily spender, keep the balance on it small until that answer exists.
Source: The Hacker News Bitget Wallet Card →
SHUTDOWN
Three status changes this week, and none of them came with a press release. SpectroCoin is the one that matters most if you are in Europe. Its help centre says that after June 30, while Spectro Finance OÜ's MiCA authorisation was pending, affected users could only exchange and withdraw, top-ups were off and new EEA customers went on a waiting list. A September 10 update goes further: Spectro Finance OÜ can no longer provide crypto-asset services in the EU and EEA, and users are asked to withdraw their assets. SpectroCoin says customers served by another SpectroCoin company are unaffected, but it names none for the card, so we moved it to unclear rather than discontinued. If you hold a balance there, the instruction is already written down: withdraw. Solflare also went to unclear. Its cards stopped on July 28 and 29 when issuer Kulipa ceased operations, and the relaunch Solflare pointed to for August has no date and no confirmed cashback terms. Two months paused is not a card you can apply for. Pera is the uncomfortable one. Pera ended the partnership with its card provider on April 3, deactivated every card that day, and says it is building a new programme with a waitlist. We had it as active until Sunday. It now sits under announced, with cashback, fees, regions and network all unknown until the new card exists. That is the Buenbit pattern from last week again: a card that ends quietly keeps its old listing everywhere until somebody reads the provider's own support article.
Source: Card Pilled SpectroCoin Card → Solflare Card → Pera Card →
LAUNCH
We added six cards this week, and the useful comparison is between them. Solid is the headline: a virtual Visa secured credit card spent from a non-custodial Safe wallet, with 3% USDC cashback for every member on the Core tier, no card fees and 105 countries. The cap is where you do the maths. Core stops at $50 of cashback a month, so the 3% covers about $1,667 of monthly spend; Prime (4%, $100 cap) and Ultra (5%, $200 cap) need 50,000 or 400,000 FUSE staked, or a very large pile of Solid Rewards points. Non-USD spend costs 2% on Core, which eats most of the rate abroad. LBank's card is the opposite lesson. Every purchase carries a 0.8% transaction fee, and the VIP0 to VIP2 tier pays 0.8% back, capped at 10 USDT a month. At the base tier, on the first 1,250 USDT of monthly spend, the card pays you your own fee. Above that the fee keeps running and the cashback does not. BIX, whose official launch press release landed on September 24, currently pays no cashback and charges 3% per purchase under its US cardholder agreement, plus $9.99 per virtual card. Peanut (a free self-custody USDC Visa on Rain with about 1% FX, and it says plainly it is not a rewards card), PlasBit (a Wirex-backed prepaid Visa in EUR or USD with 1.5% FX, excluding the US and UK) and Timon (prepaid USD cards for African travellers and remote earners, Nigeria, Ghana, Kenya and South Africa first) also pay nothing back. Our read: four of six new cards pay 0%, and that is fine. For a lot of people the job is spending stablecoins at a known cost, and a clean 0% card with a published fee table beats a 10% headline with no terms behind it.
Source: Card Pilled Solid Card → LBank Card → BIX Card → Peanut Card → PlasBit Card → Timon Card →
Market Context
The dates are doing the talking this week. Gnosis Pay's cashback ends tomorrow. Crypto.com's Plus and Pro tiers start paying 2% FX outside the EU and UK above a €400 or €800 monthly allowance on Thursday, which we first flagged on September 8 and which now actually bites. Bitget's withdrawals finish coming back by Friday. And Gnosis Pay's own card stops on December 20. The Gnosis story is the one we would sit with. A card issuer shutting its consumer card while its infrastructure keeps powering other people's cards is going to be a common shape, because the economics point that way: the pipes earn fees from every partner, while a branded card has to pay cashback to win you. Our read: when you pick a card now, it is worth knowing whose rails it runs on, because the rails tend to outlive the brand on top of them. Our own records had a busier week than the news. Six cards added, two listings split in two, three cards off the active list, and around a hundred entries touched, most of them by a pass that filled in cardholder-disclosed FX fees for 41 cards that had none. We now track 212 cards: 173 active, 31 discontinued, 5 announced and 3 unclear.
Cards updated this week: Gnosis Pay → SpectroCoin Card → Solflare Card → Pera Card → MEXC Card (APAC) → Binance Brazil Card → Based Card → Ether.fi Cash → Curve Card → Bitunix Card → PEXX Card → XPlace Card → Exodus Card → Holyheld Card → Bitbank EPOS CRYPTO Card → HashKey Credit Card → Bipa Card → Ripio Card → Foxbit Card → Ikigii Card → Stack Card → Crypto.com Visa Card → Krak Card → Nexo Card → Freedomia Card → Bitget Wallet Card →
New cards added: BIX Card → LBank Card → Solid Card → PlasBit Card → Peanut Card → Timon Card → MEXC Global Card → Binance Card (Global Program) →
Every recorded change, card by card →
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