Ethena Pay Boost Caps: $100,000 on Pro, $1,000,000 on VIP
The balance ceiling that earns 6% now runs to $100,000 on Pro and $1,000,000 on VIP, and one card purchase a month is what keeps it switched on.
Guides and insights on crypto cards, fees, KYC and spending crypto in daily life.
The balance ceiling that earns 6% now runs to $100,000 on Pro and $1,000,000 on VIP, and one card purchase a month is what keeps it switched on.
One spends stablecoins already converted, the other borrows against assets still held. That single difference sets the risk, the rewards and the admin.
A $1,500 Apple purchase earns between $30 and $135 depending on tier. Starter through Premium can claim less than that in a whole month.
Platinum drops Plasma's 1% markup and the Visa network FX fee. Lite and Core still pay both, so the gap between tiers is close to two points.
Cashback is now live at 1% or 2% by tier, with a $30 minimum per purchase and nothing earned on in-store payments at EU and UK merchants.
The rate is 2% by default and 3% on condition, credited in one asset locked in for the whole month, and six merchant category codes earn nothing.
Pulsar puts the break-even at $500 of monthly spend. On its own tables the $9.99 plan clears at about $642, and full refunds cost 25% more points.
Onchain cashback across six tracked programs came to $3.665M on about $173M of card spend, well under every headline rate in the group.
Capped at 50 USD per account at every tier, held 45 days, and paid in a credit that cannot be withdrawn and earns nothing when it is spent.
Card issuing infrastructure for a Korean won stablecoin issued by BDACS. No consumer card yet, and the FX terms that matter are set by whoever builds one.