Mingalaba. 😉
If you're from Myanmar, here are 2 crypto cards that will accept your registration.
TLDR: No time to read everything? Skip down to the one best card we recommend for Myanmar, based on all the analysis and criteria.
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USD
Apple Pay
1% cashback
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USD
Apple Pay
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How Much Is the Foreign Exchange Fee to Use These Cards in Myanmar?
Since these cards are denominated in USD, every time you spend in Myanmar, your payment needs to be converted into Myanmar Kyat first. Your card will charge an FX fee when converting to MMK.
Here's how they compare when it comes to foreign exchange (FX) fees.
* Visa and Mastercard charge around ~1% on top of the card's FX fee.
Example: Pionex charges 1% foreign exchange fee. On a 21,000 Kyats purchase, you pay K 21,000 + K 210 foreign exchange fee + K 210 Mastercard foreign exchange fee = K 21,420.
When a payment terminal asks, choose the local currency, Kyats. This lets your crypto card handle the exchange rate, so you can be sure of the exact percentage you will pay. If you choose USD, the local POS terminal bank does the conversion instead, often at a worse rate. In some countries, that markup can reach 8%.
How Much Cashback Do These Crypto Cards Pay?
Out of the 2 crypto cards available in Myanmar, 1 offers cashback.
The highest advertised cashback % is usually not what you get on the free tier. You may need to pay a monthly fee or stake a large amount of tokens to unlock it.
Below you will see the entry-level cashback rate instead: what you can earn on the Free tier.
Pionex
1%
daily spend limit 10,000 USD
Pionex
1%
free tier
K 10,500
monthly cap reached
capped at K 1,050,981 a month
same on every tier
Pionex Card offers 1% cashback on eligible purchases.
The cashback basically offsets the 1% FX fee on non-USD purchases, making the FX cost 0%. Nice.
And, there is no cashback cap. Max monthly spend is $50,000, so you can earn up to $500 cashback per month.
Reality CheckSome other crypto cards advertise higher cashback %, but you may end up earning less because their monthly cashback caps are much lower. When compared at the entry-level tier, Pionex Card's 1% cashback offers more value:
| Pionex Card | Industry Average1 | |
| Entry Level Cashback | 1% | 1% |
| Entry Level Cashback Monthly Cap | 500 USD | 60 USD |
Cashback is paid on the amount you spend, and most cards limit how much you can earn. Some publish a monthly cap, and the figure above stops there. Others advertise a rate that only applies to the first slice of your monthly spend, then drop to a much lower ongoing rate - that drop is applied above too. Either way, a headline rate on its own tells you very little.
Here are all crypto cards that support Myanmar but DO NOT offer cashback:
Is There an Ideal Crypto Card for Myanmar?
To help you pick the best card, here goes. You should look at cards that have no monthly fee and no foreign exchange fee, let you spend without limits, pay you cashback, come with a physical card, and work with Apple Pay.
No card in Myanmar offers all 6 of these features yet. These are the ones that come closest:
| No Monthly Fee | 0% Foreign Exchange Fee | Unlimited Spend | Offers Cashback | Has Physical Card | Has Apple Pay | ||
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Pionex
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No Monthly Fee: yes | 0% Foreign Exchange Fee: no1% | Unlimited Spend: no10,000 USD | Offers Cashback: yes | Has Physical Card: no | Has Apple Pay: yes | Go to Site Our Review7.8 |
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Exa
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No Monthly Fee: yes | 0% Foreign Exchange Fee: no1.5% | Unlimited Spend: no10,000 USD | Offers Cashback: no | Has Physical Card: no | Has Apple Pay: yes | Go to Site Our Review6.3 |
Best for Myanmar: If you're from Myanmar, the best card for you to use, based on the above, is Pionex Card.
FOR MYANMAR READERS
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