Kolo Card
- Almost no fees - crypto conversion spread only
- Enthusiastic team, beautiful UI
- Apple Pay Enabled
- No Cashback
- No Physical Card Yet
-
Key Features
Your Kolo Card: virtual, instant, Apple Pay enabled
Kolo Card Benefits and Rewards
Kolo is working on a new cashback system where each transaction has a random chance of earning 0.3% to 100% back. Only active users (10+ transactions monthly) qualify; higher spending increases your chances of higher cashback. The program is still in the works but is expected to launch soon.
Kolo Card is a Visa Platinum card, which means you will automatically get access to exclusive Visa Platinum benefits like airport lounge access, hotel upgrades, car rental discounts, travel insurance (where enabled), and regional retail discounts. Just ask Kolo support for more details on how to activate them.
To create a new card, you’ll need to deposit 10 USDC. This isn’t a fee — the full amount is yours to spend, so the card is essentially free to open.
Kolo Card is a Debit Card
- Debit Card
- Credit Card
- Prepaid Card
- No Bank Account Offered
Kolo Card differs from a traditional debit card, where the balance is linked directly to your bank account.
With Kolo, you'll need to top up your card before use. It should be noted that Kolo doesn't offer a bank account with this card, as some crypto cards do, which means you won't be able to receive third-party payments, like fiat withdrawals from exchanges, for example.
It's Issued Solely in Virtual Form, Lacking a Physical Version
Kolo Card is available solely in virtual format, unlike 30% of crypto cards offering both physical and virtual versions. This means you cannot use it for ATM withdrawals, or at places like car rental companies or hotels that require a physical card for security deposit and identity verification. The virtual card will be issued to you instantly after you complete the KYC Identity Verification.
Wondering about the pros and cons of virtual-only format? Here are some highlights:
No Physical Card | Virtual Card |
|---|---|
| No ATM Withdrawals | Instantly Available, No Waiting for Mail |
| No Card when Hotels or Car Rentals Require it | Ideal for Online Purchases |
| No Card When Phone Dies or no Internet | Environmentally Friendly |
| No Feel-Good Backup Payment Method | No Tangible Item to Misplace |
Useful:Since Kolo Card supports Apple Pay, you can still use this card in real life, to pay for everyday purchases.
The 'back' of virtual Kolo Card
| Card Issuer | Rain |
|
BIN Number ⓘ
BIN number is the first 8 digits of the card and identifies the card issuer.
| 45492406 |
| Validity Period | 4 years |
| Issuing Country | Puerto Rico |
Crypto-to-USD Conversion Cost with Kolo Card
Kolo Card Converts Your Crypto on Demand
Kolo Card offers instant conversion to USD at the time of purchase. This allows you to hold your crypto and exchange to real-life currency only when you need to. No need to pre-convert your cryptocurrencies or preload the card.
| Crypto to Fiat Conversion Fee | 0% |
| Sell Spread | ~0.32% |
| Load Fee | 0% |
| Transaction Fee | 0% |
| Total Crypto to USD Cost | ~0.32% |
Low Cost:Compared to the average ~1.7% crypto-to-fiat cost of other cards, converting crypto with Kolo Card is much more cost-effective (~0.32%). This means that you will get more USD for your crypto when using this card.
From all crypto cards we reviewed, KAST Card, WhiteBIT Card and Kolo Card offer the cheapest crypto-to-fiat conversions (~0%, ~0.28% and ~0.32% respectively), while converting crypto with OWNR Card will cost you the most, ~4.64%.
How Does Kolo Card Compare to Other Crypto Cards?
Kolo Card ranks #11 out of 63 amongst all the crypto cards we have reviewed so far. This means it's in the Top 30%.
Strongest Features Against Competitors
Here are the strongest features of Kolo Card against its 63 competitors:
- Offers a generous 50,000 USD daily spend limit (other cards offer 38,000 USD limit on average).
- Their customer service is very good with a 9.1/10 score (others score only 7.2/10 on average).
- Doesn't require preconverting of your crypto, converts needed amount automatically on every purchase (while 60% of competing crypto cards require you to preload card in advance).
- Their crypto-to-fiat conversion cost, including all related fees and spread, is among the lowest at ~0.32% (versus an average of ~1.7% with other cards.)
- Their overall fees & limits structure is incredibly generous, with a score of 7/10 (average fees & limits structure rating amongst other cards is 5.7/10).
Weakest Features Against Competitors
Compared to its 63 competitors, here are the shortcomings of Kolo Card:
- Doesn't offer any cashback (while other cards give an average of 4%).
- Only available in virtual format (while 30% of competing crypto cards offer both physical and virtual cards).
Kolo Card vs. Coinbase Card vs. Nexo Card
Kolo Card
|
Coinbase Card
|
Nexo Card
|
|
|---|---|---|---|
| Monthly Fee | 0.00 USD | 0.00 EUR | 0.00 EUR |
| Crypto to Fiat Cost | ~0.32% | ~4% | ~0.75% |
| Highest Cashback | None | None | up to 2% |
| Entry-Level Cashback | None | None | 0.5% |
| Daily Spending Limit | 50,000 USD | 2,500 EUR | 10,000 EUR |
| Daily ATM Limit | N/A (Virtual-Only Card) | 1,000 EUR | 2,000 EUR |
| Foreign Exchange Fee | 1% | 2.49% | 2% |
| Asset Management | Custodial | Custodial | Custodial |
Availability for  United States |
|||
| Supported Cryptocurrencies | 15 | 235 | 86 |
| Apple Pay | Enabled | Not Enabled | Enabled |
| Customer Service | Great | Great | Great |
| Brand Authority | Growing | Well-Known | Well-Known |
If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Kolo Card offers the highest daily spending limit of 50,000 EUR. You will get lower daily limits with Coinbase Card and Nexo Card.
Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, Nexo Card offers the best cashback rewards of up to 2%. With Kolo Card and Coinbase Card, you will have no cashback rewards at all.
To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.
We Tested Kolo's Customer Support
We asked Kolo's customer support different questions, and then rated their responses to evaluate how good their support is.
Why should you Care:When you'll have a money-related question, like a missing deposit or being overcharged - having good support at that moment will be crucial for you.
Kolo offers support via the following channels:
| support@kolo.in | |
| Telegram | https://t.me/KoloHelpBot |
Location: Kolo customer service reps are located in 
Portugal and 
United Kingdom.¹
| Support Channel | Our Interaction | Score |
Telegram (replied in 1 min) | Friendly and reassuring response to a question about potential disputes. | High Competence Somewhat Personalized Flawless English, Professional Tone 9.5/10 |
Email (replied in 15 min) | Very knowledgeable & quick to reply, feels great when comparing to some other companies. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
Telegram (replied in 7 min) | Super quick response to a question about ATMs & virtual card. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
Email (replied in 12 min) | Excellent detailed response to a question about pre-authorizations on their card at hotels & gas stations. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
Telegram (replied in 19 min) | Knowledgeable and quick response about BTC sell spread. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
To summarize,
Competence and Problem-Solving: Kolo's customer service agents are highly competent, so you can expect every issue to be resolved with professional expertise and a thorough understanding.
Customer Love: You will not get addressed by name and answers to your questions will be generic. Kolo's customer support agents do not make an effort to personalize their replies.
Reply Speed: They respond remarkably quickly, with most of their replies coming within an average of 11 minutes, significantly saving your time.
Overall Customer Service Rating: 9.1/10
This excellent score places Kolo's Customer Service well above the crypto card industry average of 7.2/10.
Kolo Card supports 170+ countries
Is Kolo Card Available for Residents of United States?
No, Kolo Card is not available for residents of United States.
Kolo Card supports the following countries: Aland, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Botswana, Brazil, British Virgin Islands, Brunei, Bulgaria, Cameroon, Canada, Cayman Islands, Chad, Chile, Christmas Island, Cocos Keeling Islands, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Curacao, Cyprus, Czech Republic, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Estonia, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, Gambia, Georgia, Germany, Ghana, Greece, Greenland, Grenada, Guadeloupe, Guatemala, Guernsey, Guinea, Guyana, Honduras, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Jamaica, Japan, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Macao, Macedonia, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Mongolia, Montenegro, Namibia, Nepal, Netherlands, New Caledonia, New Zealand, Niger, Norfolk Island, Norway, Oman, Pakistan, Palau, Panama, Paraguay, Peru, Philippines, Poland, Portugal, Qatar, Reunion, Romania, Rwanda, Saint Barthelemy, Saint Helena, Saint Lucia, Saint-Martin, San Marino, Sao Tome and Principe, Saudi Arabia, Scotland, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia and South Sandwich Islands, South Korea, Spain, Sri Lanka, St Kitts and Nevis, St Vincent and Grenadines, Suriname, Sweden, Switzerland, Tajikistan, Tanzania, Thailand, Togo, Tonga, Trinidad and Tobago, Tunisia, Türkiye, Turkmenistan, Tuvalu, Uganda, United Arab Emirates, United Kingdom, Uruguay, Uzbekistan, Vietnam, Wales, Wallis and Futuna, Zambia.
To see our list of available crypto cards for 🇺🇸 United States, see this list. There are currently 12 cards listed there.
You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.
Insightful. What's My Next Step?
Paulina Masson
Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.
