Solflare Card
Solflare Card lets you spend USDC straight from your Solflare wallet on Mastercard's network, with no separate top-up balance to fund.
Solflare Card: USDC Spending, Fees And Solana Cashback
What is Solflare Card?
Solflare Card is a self-custody Mastercard debit card that spends USDC straight from your Solana wallet, built for EEA and UK users but currently down after issuer Kulipa's collapse in July 2026.
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Solflare Card Overview
Solflare Card is a Mastercard debit card built on top of the Solflare Solana wallet. It does not create a separate card balance. You spend USDC on Solana straight from your own wallet, and the merchant gets paid in local fiat. Every purchase triggers an on chain debit that pulls USDC out of the wallet you connected to the card. That is the whole idea behind it, and it is a genuinely different model from most crypto cards, which ask you to load funds into a custodial account first.
Before anything else: check the status. Virtual and physical Solflare Cards stopped working at checkout on 28 July 2026 after the issuing partner, Kulipa, wound down. Solflare says user funds were never held by Kulipa, so wallet balances were never at risk, only the ability to spend them through this card. A replacement issuer program has been promised, with talk of Apple Pay, Google Pay, higher limits, and cashback added from day one. As of mid August 2026, independent reviews had not confirmed the new setup was live. Don't plan a trip or a subscription around this card until you have checked the Solflare app yourself.
The card suits people who already hold spendable cash as USDC on Solana and live in the EEA or the UK, since that is where applications are open to residents aged 18 and up (other countries are reviewed case by case). It fits someone who wants to tap or swipe without routing funds through an exchange first, and who is fine completing KYC, which is required because Mastercard and the licensed issuer sit under normal payment rules. It is a poor fit if you hold SOL, USDT, or other tokens and expect the card to spend them directly, since only USDC on Solana works today. It is also a poor fit if you want a guaranteed cashback percentage: the launch rewards program ran on raffle style points rather than a fixed rate back.
Funding is simple because there is nothing to fund. You buy or transfer USDC into your Solflare wallet, and that balance is what the card can spend, no top up step, no separate load. Spending pulls straight from the wallet in real time, so your available balance is always just what sits in your USDC address. Mastercard acceptance is broad on paper, cited at over 110 million locations, and gas on the Solana side of each transaction is small, commonly a cent or less.
On fees, the figures published for the first program (and likely to be revised under a new issuer) list no annual fee and free virtual card issuance. The main recurring cost for European users is an FX fee around 1% on non USD charges, since most EEA and UK spend runs in EUR or GBP. Solflare says it does not add its own ATM fee, though ATM operators can, and some outside reviews put real world ATM costs near 2%. A later add on called Card Borrows lets you spend against SOL as collateral instead of selling it, which is closer to a DeFi loan than a normal card feature, and it carries its own liquidation risk if SOL drops.
What makes this card stand out is also its biggest current weakness. Keeping funds in your own wallet meant nothing was lost when the issuer collapsed, which is a real advantage over prepaid crypto cards. But a card that can stop working at the terminal with no warning is hard to trust for groceries or subscriptions. I would treat this one as a wallet feature worth watching rather than your main daily card, at least until the replacement issuer is confirmed live in the app.
Solflare Card Key features
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Self custody spend
Your USDC stays in your own Solflare wallet until you tap or swipe. The card partner moves payment rails, not your money, so no company holds a balance for you.
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No top up balance
There is no second account to fund. You spend straight from the USDC already sitting in your connected wallet.
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Mastercard acceptance
Solflare says the card works at more than 110 million Mastercard locations, in stores, online, and at ATMs. The merchant sees local currency while your wallet loses USDC.
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Virtual card first
You get a virtual Mastercard right after KYC inside the app. A physical card came later in the first program, and old numbers stopped working when the issuer failed.
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Google Pay support
The first live version worked with Google Pay. Apple Pay never shipped but Solflare says it will arrive with the next issuer.
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Solana settlement
Every swipe triggers a Solana transaction that pulls USDC from your wallet, usually in seconds. Network gas runs about a cent or less, even though some marketing calls it gasless.
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Freeze and 3D Secure
Online charges can require a 3DS code, and the app lets you unlock with biometrics or a PIN. You can freeze or unfreeze the card instantly if a charge looks wrong.
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USDC against SOL
A mid 2026 add on lets you borrow USDC against SOL collateral so you can spend without selling your SOL. This is a separate credit risk and your collateral can be liquidated, so treat it as optional, not a core card perk.
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Raffle style rewards
The launch program gave points that worked as raffle tickets, not a fixed cashback percent. Solflare has promised real cashback for the next issuer, but no rate is public yet.
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Solana USDC only
The card spends USDC on Solana and nothing else for now. If your money sits in SOL, other tokens, or another chain, you need to swap or bridge into Solana USDC first.
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EEA and UK only
Anyone 18 or older in the EEA or UK can apply inside the Solflare app. Other countries get reviewed case by case, and the card does not work everywhere the wallet does.
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Card is currently down
Virtual and physical cards stopped working on 28 July 2026 after issuing partner Kulipa wound down. Solflare says a new issuer is coming with higher limits and cashback, but reviews through mid August 2026 had not confirmed it was live.
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No monthly card fee
The first program charged $0 for the annual or monthly fee and $0 to issue a virtual card. Confirm this again once the new issuer launches, since terms may change.
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1% foreign spend fee
Non USD purchases were commonly quoted at 1% on top of the Mastercard interbank rate. That fee hits most EEA and UK spend since it is rarely in USD.
Solflare Card Fees
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Card fee There is no annual or monthly card fee in the first (Kulipa) program; it is $0.
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Issuance fee Virtual card issuance is listed as free.
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FX spread Non-USD charges commonly carry a 1% FX fee on the Mastercard interbank rate, and some aggregators reported an extra 0.4% to 0.7% on top.
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ATM withdrawals Solflare says it does not add its own ATM fee, but third-party reviews cited about 2% after a free allowance under the old program.
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Network gas Each on-chain USDC debit on Solana costs roughly $0.01 or less in network gas.
Solflare Card Supported networks
Solana
How to use Solflare Card
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Check if the card works now
Open the Solflare app or help center before you apply. Virtual and physical cards stopped working on 28 July 2026 when the issuer Kulipa shut down, so confirm the replacement program is live in your region.
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Set up your Solflare wallet
Download the official Solflare app for iOS or Android and create or import a wallet. Write your recovery phrase on paper and store it offline; never share it or screenshot it.
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Complete identity verification
Open the card icon in the app and start the application. Upload a government ID and wait for the issuer to approve you, since only EEA and UK residents aged 18 or over can apply and other countries are reviewed case by case.
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Fund your wallet with USDC
Buy, swap, or transfer USDC on Solana into the same wallet you used for KYC. There is no separate card balance to top up; your spending limit is just the USDC sitting in that wallet.
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Activate your virtual card
Once approved, open the card number, expiry, and CVV inside the app. Add the card to Google Pay if your region supports it (Apple Pay was promised for the new issuer but was not confirmed live as of mid August 2026).
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Make your first payment
Tap or swipe in store, or enter the virtual card details online and complete 3D Secure if asked. Watch the app for the matching on-chain USDC debit, and freeze the card instantly if you spot a charge you don't recognize.
Solflare Card Demo video
Solflare Card Screenshots
Solflare Card User Reviews
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Solflare Card @solflare was my daily card for payments. Loved it, used it everywhere. Today it just stopped working.
View on X ↗
Their issuing partner Kulipa collapsed due to solvency issues and all cards died overnight. Not Solflare's fault. Funds are safe, Kulipa never held a cent of user money, and a new card version is already coming with Apple Pay and cash back built in.
But I need a card that works now, not in a few weeks. So I'm switching to Jupiter Card @JupiterExchange and testing it properly. Will update you on the way. -
I've been using the Solflare card for a while now, all good.
View on X ↗ -
Very simple: @solflare
View on X ↗
1 - Only Solana wallet, no other chains
2 - I don't need to have SOL to pay for transaction, wallet covers gas for you and takes cut from USDC/USDT (for example)
3 - In the same wallet I have "Solflare shield" best hardware wallet for Solana with no cables, bluetooth, batteries, or screens
4 - It shows all of my DeFi positions with 100+ protocols, Stocks, predictions market and PNL
5 - Once I withdrew my huge profit from protocols and I wanna spend it
I use "Solflare Virtual card", no need to send or bridge USDC, just hold it in my wallet
Fully self-custodial card
TL;DR - I have one App where I save, make, track and spent money
Solflare Card Review
Pros
- USDC stays in your own Solflare wallet until checkout, so no issuer ever holds a prepaid balance of your money.
- When issuing partner Kulipa collapsed in July 2026, user funds stayed safe because Kulipa never held customer deposits.
- The first program charges no monthly or annual card fee.
- Virtual card issuance is listed as free once KYC clears.
- Mastercard acceptance covers more than 110 million merchant locations for in-store, online, and ATM use.
- Each on-chain USDC debit costs roughly a penny or less in Solana network gas.
- You can freeze or unfreeze the card instantly in the app if a charge looks wrong.
- Google Pay works now, and Apple Pay is promised as a day-one feature of the next issuer program.
Cons
- Cards stopped working entirely on 28 July 2026 after issuer Kulipa wound down, with no advance warning.
- Only USDC on Solana can be spent, so SOL, other SPL tokens, and other chains need a swap first.
- The card is only open to EEA and UK residents aged 18+, with other countries reviewed case by case.
- Non USD purchases carry roughly a 1% FX fee, plus some sites report an extra 0.4% to 0.7% on top.
- Launch rewards were raffle style points toward prizes, not a fixed cashback percent.
- ATM withdrawals can run about 2% after a free allowance, based on third party reviews rather than official terms.
- Card Borrows lets you spend against SOL collateral, which can get liquidated if SOL drops.
- KYC through the issuer is mandatory, and users reported abrupt freezes with little appeal process under the old issuer.
Our verdict
Right now, I would not carry a Solflare Card as my main card. The custody idea is genuinely good: your USDC stays in your own wallet, so when the old issuer Kulipa collapsed on 28 July 2026, users kept their money even as the plastic died at the register. But "kept your money" is not the same as "card that works," and that gap is the whole story here. Even in the old program, the real cost was not the raffle-style rewards, it was the roughly 1% FX fee on non-USD spend, which quietly eats into everyday purchases for most EEA and UK users. I would revisit this once the new issuer is confirmed live in the app with published cashback and fee numbers, not just promised on X. Until then, this is a wallet feature to watch, not a card to plan your groceries around.
Solflare funding
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Founded by Solflare was founded by Vidor Gencel and Filip Dragoslavić, who also built Solana Beach and later developed Solflare as a consumer Solana wallet.
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Early stage VC - Jul 2021 PitchBook lists about $3.4 million raised in an early stage VC event dated 6 July 2021; it does not identify lead investors, but names CMS Holdings, Delphi Digital / Delphi Ventures, and Dominance Ventures among 11 investors.
Is Solflare Card safe & legit?
X account intel @solflare
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Based in United Kingdom
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Joined X May 2020 6 years ago
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Username changes 3 renames last on Apr 17, 2025
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Signup source Web
Public profile signals from X. Use as one input alongside other due-diligence.
Security scan checked Oct 11, 2026
- Google Web Risk Not flagged
- MetaMask Not flagged
- Phantom Not flagged
- ScamSniffer Not flagged
- EtherAddressLookup Not flagged
- Keplr Wallet Not flagged
Domain www.solflare.com checked against Google's lists of unsafe sites and public crypto wallet blacklists.
Solflare Card Updates
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If anyone’s still wondering what Uptober really means - Solflare and the community shipping nonstop
Catch this week’s update ↓- 18 replies
- 11 reposts
- 44 likes
- 4.2K views
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Trading perps on your phone and not using Solflare?
Maybe this decision tree changes your mind.
Over $1M in Frontier Traders rewards, plus an extra $50K in Solflare-only competition rewards.
All roads lead to Solflare.
- 21 replies
- 14 reposts
- 62 likes
- 7.4K views
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Final day of Startup Village Nigeria: the trading competition final and founder product pitches.
Solana events are the real alphas 🔥🔥🚀🚀- 4 replies
- 8 reposts
- 58 likes
- 1.2K views
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Calendar: Q4
Solflare: so you’re saying there’s still time to ship more stuff?- 39 replies
- 14 reposts
- 83 likes
- 8.9K views
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How it feels to short crypto over the past few days
- 19 replies
- 10 reposts
- 74 likes
- 2.4K views
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Trading perps on Solflare vs trading perps anywhere else.
- 25 replies
- 12 reposts
- 94 likes
- 8.9K views
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Know what doesn’t make sense these days?
Trading perps on mobile and not doing it on Solflare.
Why?
- Solflare is the ONLY mobile platform where trading perps gives you a shot at $1M+ in Frontier Traders rewards
- There’s another $50K up for grabs in a competition exclusive for Solflare traders ending next week
- You’re trading right from your wallet, on an orderbook
If you’re going to trade perps on your phone anyway, it really makes sense to do it on Solflare.- 18 replies
- 16 reposts
- 93 likes
- 8.6K views
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You open a $100 Solflare Pack...
And out comes a 1999 Shadowless Charizard-Holo in a PSA 8.
Yeah.
HOLY CHARIZARD.
$100 to $6000
Who's ripping the next one? ↓
2 more in this thread
https://app.solflare.com/WVZY/ibiekghw
- 25 replies
- 12 reposts
- 100 likes
- 10.8K views
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happiest days of my life, updated:
1. my daughter being born
2. my wedding day
3. Solana 200ms blocks (previously: 250ms blocks)- 45 replies
- 12 reposts
- 265 likes
- 6.7K views
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Trade perps on Solflare
- 33 replies
- 23 reposts
- 104 likes
- 8.2K views
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Trade once, win twice.
We’re adding extra $50,000 in rewards for Solflare traders in Frontier Traders Season 1.
The same Solflare Perps volume now counts toward the $1,000,000 FT Season 1 rewards AND our own $50,000 prize pool:
→ $25K Overall Board — top 50 by volume
→ $25K Daily Boards — $2.5K up for grabs every 24h
→ 10 days to earn
Just connect your Solflare Wallet to @joinFrontier and trade Perps as usual.
One trade, two chances to get rewarded.
@solana
1 more in this thread
Go long or go short for $50k here https://www.frontiertraders.com/campaigns/solflare-perps-two- 36 replies
- 30 reposts
- 127 likes
- 17.7K views
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The xStocks Competition has two more weeks to go, so what have traders been buying? 👀
Here are the 10 most bought xStocks on Solflare over the last 7 days, with SPYx leading the way at nearly $270K bought.
$50K USDC is still up for grabs for the top 100 wallets.
Two weeks left to stock up!
- 14 replies
- 12 reposts
- 69 likes
- 8.2K views
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New milestones, new features, new Guardians and plenty happening across the community.
- 28 replies
- 15 reposts
- 101 likes
- 9.2K views
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Another Charizard
Another Charizard
Another Charizard
Another Charizard
Another Charizard
... and another Charizard
Did you pull any of these beauties from the Solflare Packs yet? 👀2 more in this thread
Log into your Solflare Wallet and start ripping packs within the app or web extension:
https://app.solflare.com/WVZY/ibiekghw
- 45 replies
- 21 reposts
- 133 likes
- 11.3K views
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POV: you switched devices and all you needed was Google or Apple.
Same wallet, less setup.
1 more in this thread
Explore new ways of logging into your Solflare Wallet ↓- 25 replies
- 17 reposts
- 136 likes
- 10.1K views
Solflare Card Reviews & Comments
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