Hyperbeat

The non-USD FX and cross-border fees may both apply, depending on the transaction. Users should review the final exchange rate and charges before confirming a payment.

During testing, a PLN 1.20 purchase resulted in a $0.32 charge. Based on the exchange rate at the time, this represented an estimated gross FX spread of approximately 1.57%. After the 0.25% cashback available during that test, the estimated net spread was approximately 1.32%.

This was a single test transaction rather than a published FX rate. Hyperbeat’s official card terms permit a non-USD FX fee of up to 3% and a separate cross-border fee of up to 3%.

Credit Mode can also generate borrowing interest through the underlying lending protocol. This borrowing cost is separate from the card’s current 0% purchase APR and varies according to market conditions.

All cardholders start with 0.20% cashback. Four everyday boosters each add 0.20 percentage points:

• Hold at least $1,000 in USD, USD+, or USD+ supplied as collateral
• Hold at least $10,000 in those eligible balances
• Spend at least $1,000 on the card over a rolling 30 days
• Spend at least $10,000 on the card over a rolling 30 days

Meeting all four conditions raises the everyday cashback rate to 1.0%.

Hyperbeat separately offers higher rates based on rolling 30-day trading volume. The higher trading rate applies only up to the corresponding capped amount of card spending. Spending beyond that cap earns the user’s applicable everyday rate.

Hyperbeat automatically applies the best available rate to each part of the user’s spending, whether that is the everyday rate, trading rate, or an eligible campaign rate.

Hyperbeat supports Cash Mode and Credit Mode.

Cash Mode spends the user’s beatUSD balance directly. Credit Mode allows users to borrow against supported collateral without first selling it. Current first-party materials identify native BTC, ETH, SOL, HYPE, beHYPE, and USD+ as supported Credit Mode collateral.

Additional assets available for deposits during testing included USDC, USDT, WHYPE, liquidHYPE, hbUSDT, and other Hyperliquid ecosystem assets. Availability should be confirmed in the app before transferring funds.

Bank funding is available through ACH, Fedwire, and SEPA. Each Liquid Bank account includes dedicated fiat payment details, including an IBAN or virtual account where available. SWIFT deposits were under maintenance during testing.

USD+ allows users to earn variable onchain yield while using the balance as collateral. Hyperbeat currently advertises savings yields of up to 8% APY, but returns are variable and not guaranteed.

Quick Borrow lets users borrow against eligible collateral for card spending, trading, or transfers. The amount available depends on the loan-to-value ratio established by the underlying lending protocol.

Credit Mode borrowing can accrue interest even though the card agreement currently lists a 0% purchase APR. If collateral falls below the required threshold, some or all of it may be liquidated automatically.

1. Create a Hyperbeat account using an email address and verification code.
2. Set up a passkey using facial recognition, fingerprint recognition, or the device passcode.
3. Complete identity verification using a government-issued ID and facial verification.
4. Complete the additional banking verification if USD or EUR payment rails are required.
5. Fund the Liquid Bank account with supported crypto or an ACH, Fedwire, or SEPA transfer.
6. Choose Cash Mode to spend the dollar balance or Credit Mode to borrow against eligible collateral.
7. Review the applicable borrowing rate, LTV, and liquidation threshold before using Credit Mode.
8. Add the virtual card to Apple Pay or Google Pay where supported.

The tested onboarding process took approximately 10 minutes, although verification times can vary.