Card to the Future

Closed. Cypher stopped card loading on Jul-08, 2026, cancelled all cards on Aug-08, 2026 and shut its app on Sep-06, 2026 after Nium bought it.1

Illustration in the plan's colour, not the issuer's artwork

Cypher Card

VisaSelf-custodyKYC full

Cypher was a non-custodial crypto wallet with a Visa card. It was acquired by Nium and shut down in 2026: card loading stopped Jul-08, cards were cancelled Aug-08 and the app went offline Sep-06.

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11Card Score, #33 of 36
—You keep a year
F38Trust points of 100
32%Key fields with a source

Plans side by side

Standard

Real payments

MeasuredFinek chat, user report, Apr-12, 2026Reported 3% fee and 3-5 days for card-to-card transfers received on the card7

What someone actually paid, which can differ from the advertised fee. Each test is one payment or a few, so treat it as a signal.

Trust

Licence and regulator5 of 25

No licence of its own is published; the issuer is reported as Reap (Hong Kong) by community and review sources only.4

Custody and fund protection14 of 20

Described as a non-custodial wallet, but Cypher's own pages do not detail custody and the product is closed.5

Incidents in the last 24 months4 of 20

Cypher was shut down after the Nium acquisition; cards were cancelled Aug-08, 2026 and the physical card price was reportedly not refunded.1,3

Track record and verified volume5 of 15

Launched 2023 per Paymentscan but processed only about 25,200 USD a month at the end, and the product is gone.2,6

Published fees and terms5 of 10

Gave a dated wind-down timeline and free withdrawals, but never published issuer or licence details.1

Support and user sentiment5 of 10

A review rated support 8.8 of 10 in tests, but support ends with the shutdown.5

Company

Websitecypherhq.io1

Issuer and licence

Card issuerReap (Hong Kong)4From a Finek public post and Cryptonoshi (not the issuer's terms); a Finek chat user report mentions a different BIN, so not confirmed
NetworkVisa2

The card

Statusclosed1Cypher stopped card loading on Jul-08, 2026, cancelled all cards on Aug-08, 2026 and shut its app on Sep-06, 2026 after Nium bought it.
Launched2023-112Paymentscan; Cryptonoshi gives Mar-2022 for the company
FormsVirtualPhysical5Review source only
Custodyself-custody5Described as non-custodial by a review; Cypher's own pages do not detail custody
KYCfull4Persona ID check per a Finek public post
Settles inUSD5

Funding

ChainsEthereumSolanaNobleBasePolygonOptimismArbitrumAvalanche4Public Finek post lists wallet networks; historical

Reputation

Common complaintsPhysical card purchase price was not refunded at shutdown3Finek public post, Jul-19, 2026

Adoption

On-chain spend, last month$25,2006Cryptonoshi citing Paymentscan, Oct-2026 figure shown on her page dated Jul-09, 2026; unverified

Incidents and changes

Jul 2026After the Nium acquisition Cypher stopped card loading on Jul-08, 2026, paid final rewards Jul-16, cancelled all cards Aug-08 and closed the app and withdrawal window Sep-06.1shutdown

More details

Acquired byNium; the issuer says the next version of Cypher will be built on Nium's infrastructure1
Withdrawal deadlineSep-06, 2026, no withdrawal fees1

Quick answers

What does the Cypher Card cost?

The Standard plan: — a month, — for a physical card.

How much cashback does the Cypher Card pay?

— on the Standard plan, paid in a form not published.

What is the Cypher Card FX fee?

— on the Standard plan.

Is the Cypher Card custodial?

Self-custody.

Is the Cypher Card available in the US, the UK and the EEA?

US: not stated. UK: not stated. EEA: not stated.

Sources

  1. What is happening to Cypher?, issuer, Nov-05, 2026
  2. Cypher on Paymentscan, paymentscan, Nov-05, 2026
  3. Finek channel, Cypher closing, Jul-19, 2026, community, Nov-05, 2026
  4. Finek channel, Cypher Wallet review, May-18, 2025, community, Nov-05, 2026
  5. Cypher Card review, Last Updated Jul-09, 2026, review, Nov-05, 2026
  6. Cypher Card review (volume figure), Last Updated Jul-09, 2026, review, Nov-05, 2026
  7. Finek chat, user report, Apr-12, 2026, community, Nov-05, 2026

Something wrong or out of date? Report it with a source.