Xplace Card Review: Cashback, Fees, & Perks
Xplace is a virtual Visa card that gives users two ways to spend crypto. Deposit Mode draws from USDC or USDT deposited for card spending, while Credit Mode lets users borrow USDC against supported crypto without first selling it.
The free Basic tier includes the card, a monthly spending limit of $2,000, and 0.5% cashback on eligible Credit Mode spending. Paid memberships raise the spending limit, increase cashback to as much as 2%, lower foreign-exchange fees, and add travel and concierge benefits.
Xplace is most suitable for crypto holders who want to borrow against their assets or spend stablecoins through Apple Pay or Google Pay. Users considering Credit Mode should understand that borrowing costs and liquidation risk apply.
Xplace at a glance
| Feature | Basic | Silver | Gold | Platinum |
|---|---|---|---|---|
| Annual membership fee | Free | $99 | $249 | $999 |
| Virtual card | Included | Included | Included | Included |
| Monthly spending limit | $2,000 | $10,000 | $200,000 | $750,000 |
| Credit Mode cashback | 0.5% | 1% | 1.5% | 2% |
| FX fee | 1% | 0.5% | 0.25% | 0% |
| Concierge | — | Standard | Fast-track | VIP Priority |
| Airport lounges | — | 1 visit per year | 4 visits per year | Unlimited access to 1,300+ lounges |
| Airport fast track | — | — | 2 uses per year | 5 uses per year |
| Private services and events | — | — | — | Included |
The limits and benefits above come from Xplace’s current membership comparison. Some older pages in the Xplace documentation show different annual prices and travel benefits; the current membership page has therefore been used for this review.
Cashback and Membership Tiers
Xplace advertises cashback on card purchases made through Credit Mode, sometimes called Borrow Mode in its documentation. Cashback rates range from 0.5% on the free Basic plan to 2% on Platinum.
| Tier | Credit Mode Cashback | Monthly Spending Limit |
|---|---|---|
| Basic | 0.5% | $2,000 |
| Silver | 1% | $10,000 |
| Gold | 1.5% | $200,000 |
| Platinum | 2% | $750,000 |
Xplace advertises the cashback as USDC cashback. It does not currently publish a separate maximum monthly cashback figure, so the card’s spending limits should not automatically be treated as cashback caps.
In addition to card cashback, members can earn XP through activities such as card use, deposits, and referrals. Xplace also advertises referral reward rates ranging from 15% on Basic to 25% on Platinum.
Paid tiers add non-financial benefits. Silver includes one airport-lounge visit per year, while Gold adds four visits and two fast-track uses. Platinum includes unlimited access to more than 1,300 airport lounges, five fast-track uses per year, VIP concierge support, and access to private services and events.
Xplace Card Features
Deposit Mode
Deposit Mode lets users fund card spending with USDC or USDT. Purchases are deducted from the user’s Xplace Portfolio balance.
This is the simpler option for users who want to spend stablecoins without opening a crypto-backed loan. Xplace’s documentation previously referred to direct spending as Cash Mode, but its current card guide calls it Deposit Mode.
Credit Mode
Credit Mode lets users spend a USDC credit balance backed by crypto deposited in the Xplace Savings Hub. The user’s assets act as collateral rather than being sold at the time of purchase.
Available Credit Power depends on the type and value of the deposited collateral. Xplace states that supported assets can generate Credit Power equal to roughly 30%–80% of their value, depending on the asset and current lending parameters.
There is no fixed repayment date, and users can repay some or all of the borrowed USDC at any time. Interest continues to apply while the balance remains outstanding.
Borrowing Costs
Credit Mode is a crypto-backed loan. Xplace provides variable borrowing rates ranging from 7.99% to as high as 13.99%.
| Tier | Borrow APY |
|---|---|
| Basic | 13.99% |
| Silver | 11.99% |
| Gold | 9.99% |
| Platinum | 7.99% |
Collateral can be partially liquidated if its value falls and the loan-to-value ratio becomes too high.
Xplace’s currently provides the following loan-to-value ratios:
| Collateral | Maximum LTV |
|---|---|
| USDT | 80% |
| cbBTC | 70% |
| wETH | 70% |
| SOL | 65% |
| jitoSOL | 50% |
Funding Your Xplace Card
Stablecoin Deposits
Users can add USDC or USDT to their Xplace Portfolio and spend it through Deposit Mode. Deposits and card balances are managed through the Xplace app and its associated onchain infrastructure.
Crypto Collateral
Users who want to use Credit Mode can deposit eligible assets into the Savings Hub. Deposited assets may earn variable yield while also generating Credit Power.
The Savings Hub supports a broader selection of assets than the five collateral examples listed above, including:
- SOL and wrapped forms of BTC and ETH
- Stablecoins such as USDC and USDT
- Liquid-staking tokens such as jitoSOL and mSOL
- Selected Solana ecosystem tokens
- Selected community and meme tokens
How to Sign Up for Xplace
- Download the Xplace app.
- Create an account using an email address, Google account, or X account.
- Set a six-digit app PIN and optionally enable Face ID or Touch ID.
- Choose the Basic, Silver, Gold, or Platinum membership.
- Complete the required identity verification.
- Create a four-digit PIN for the virtual card.
- Deposit USDC or USDT for Deposit Mode, or add supported collateral to the Savings Hub for Credit Mode.
- Review the applicable borrowing rate and liquidation risk before activating Credit Mode.
- Add the virtual card to Apple Pay or Google Pay.