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

Phantom Cash

VisaSelf-custodyKYC tieredprepaid

Phantom Cash is a USD account inside the Phantom mobile wallet, held as the CASH stablecoin in a self-custodial Solana wallet, with a free virtual Visa debit card for US residents outside New York. There is no cashback or physical card, and the card draws CASH and converts it to USD when you pay.

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48Card Score, #7 of 36
−$24You keep a year
C55Trust points of 100
84%Key fields with a source

Plans side by side

Phantom Cash
Price
Monthly priceFree12Monthly fee $0 in the cardholder agreement; no subscription in the Cash fee table
Yearly priceFree2The fee table lists no annual fee; the annual field in the cardholder agreement is blank
Virtual card feeFree2,12
ReplacementFree12Agreement section 14: no fee for replacing the card. Phantom also replaced Bridge-programme cards with Stripe-programme cards from Oct-5, 2026 at no charge shown
Staking needed010No staking or lock-up is needed to hold Cash, earn rewards or use the card
Other requirementsUS resident outside New York, 18 or older, identity verification through Link (Stripe), and a funded Cash account1,3,9
Rewards
Cashback0%3Cash back is not supported on the card
PointsCash Rewards: a variable rate shown in the app as APY, paid weekly into the Cash balance on any positive balance; not tied to card spend10Funded by Phantom as marketing, can be changed or ended at any time; the rate is not published on the help page. Rewards pause after $1,500 in a tax year until a tax prompt is completed
PerksWorks with Apple Pay and Google Pay, Cash Rewards on the balance (variable APY, paid weekly)3,10
Fees
FX fee1%12Agreement hosted by Bridge for the Lead Bank card: 1% + $0.30 on the dollar amount of each transaction with merchants outside the U.S. Phantom's help pages say only that international fees may apply and are shown before you confirm. The Stripe replacement cards issued from Oct-5, 2026 may have different terms; the review site lists 0% FX. No real-payment FX test found
Crypto conversion fee0%2Swapping USDC, USDT, USDG or PYUSD on Solana into Cash is free; other tokens cost 0.85%; Cash to USDT, USDG or PYUSD 0.85%, Cash to USDC free
Top-up feeStablecoin swap free; ACH direct deposit 0.30%; domestic wire 1.00%; debit card via Stripe 1.75%; credit card via Stripe 3.50%2Banks, payroll providers and card partners such as Robinhood may charge more. MoonPay and Meld fees are shown on the Review screen
Inactivity feeFree12Long form of the agreement: no inactivity fee
Limits
Limit per payment$2,00012Cardholder agreement maximum per transaction; the help page states no per-transaction limit
Spend limit a day$2,0003Rises to $5,000 a day by automatic review once the Cash account is 30 days old with 30 days of history

Real payments

Conversion spread paidCryptonoshi, Jun-16, 2026About 0.95% plus Solana gas to turn other crypto into spendable USD: the 0.85% swap fee plus a reviewer's estimate of about 0.1% sell spread. Stablecoin swaps into Cash are listed free by the issuer17

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.

What you keep

FX fee on foreign spend−$24
Net a year, Phantom Cash plan−$24

$1,000 a month, 20% in a foreign currency, no staking. Change

Trust

Licence and regulator11 of 25

The card is issued by Lead Bank, a state-chartered US bank, with Bridge (FinCEN-registered) as program manager and CASH issuer. Phantom is not a bank, and the replacement Stripe cards name no issuing bank.1,11,12,13

Custody and fund protection14 of 20

The balance is CASH in a self-custodial Solana wallet that Phantom and partners cannot move. CASH relies on Bridge's reserve with no attestation mentioned, and the balance is not FDIC insured.4,12,13

Incidents in the last 24 months16 of 20

No hack, freeze or loss found for the card. Phantom forced a card replacement from Oct-5, 2026 (new number, old card stopped).11,19

Track record and verified volume6 of 15

The card has been live about a year, with about $7.9M of onchain spend and roughly 10,000 addresses, small next to the bigger cards.16

Published fees and terms5 of 10

Deposit and swap fees are published, but the international card fee only says fees may apply, the rewards rate is not shown and the new issuer is unnamed.2,3,10

Support and user sentiment3 of 10

There is a help centre and in-app support, but Trustpilot shows 1.9 from 16 wallet-wide reviews with complaints about unresponsive support.15,4

Company

Legal entityPhantom Technologies, Inc. (Platform Provider for the card); Phantom Global, Inc. funds Cash Rewards1,10,14
InvestorsSequoia Capital (Series C co-lead), Paradigm (Series C co-lead), a16z crypto, Variant20
Websitephantom.com1

Issuer and licence

Card issuerLead Bank (Bridge-programme cards, activated before Oct-5, 2026); Stripe-programme replacement cards from Oct-5, 2026, issuing bank not named1,3,11,12Per issuer terms: Lead Bank, a Missouri state-chartered bank, issues the card under Visa U.S.A. licence. Phantom's help pages now say it is moving from Bridge to Stripe as card issuer without naming the bank
Program managerBridge Ventures LLC (for Lead Bank cards); Stripe (Stripe Issuing, replacement cards)1,11,18
LicencesBank charter: Lead Bank, Missouri state-chartered bank, Bridge: FinCEN-registered money services business, NMLS #2450917 (issuer of the CASH stablecoin)12,13Phantom itself is a technology company and states it is not a bank
NetworkVisa1,3
Card levelPrepaid Visa (Lead Bank programme)1,12Product level not published

The card

Statuslive3,16
Launched2025-1217,18CASH stablecoin launched Sep-2025 on Bridge; the card went to early-access users from Dec-2025 and to all eligible US users in spring 2026 per Bridge
Typeprepaid1,12Phantom's own help pages call it a debit card; the issuer disclosure and cardholder agreement call it a Prepaid Visa. You spend from your CASH balance
FormsVirtual3No physical card offered
Custodyself-custody4,10Phantom, Stripe and partners cannot move funds; the card partner draws CASH from your account at purchase
How custody worksBalance is CASH in a self-custodial smart-contract wallet on Solana. At payment the card partner draws CASH from the account and converts it to USD. CASH is a stablecoin issued by Bridge Building Inc., redeemable 1:1 for USD through Bridge; the balance is not FDIC insured3,4,12,13
KYCtiered9Progressive in the US: a first deposit may need only basic information. Identity verification is required for the debit card, bank transfers and Stripe funding
KYC documentsUS: phone, date of birth, residential address, SSN, government ID and selfie (ITIN not accepted; no P.O. boxes)9
Minimum age181
Settles inUSD3CASH is converted to USD at purchase
Card currenciesUSD3

Funding

Crypto acceptedUSDCUSDTPYUSDCASH7,5USDG also appears as a free swap into Cash in the fee table; other tokens sent to the Cash address are not credited and need a recovery process
ChainsSolana7
Fiat top-upACHDomestic wireDebit cardCredit cardApple PayGoogle PayMoonPayMeld6,2Bank transfers: US except New York. Stripe funding: US except New York, and EU
Deposit feesStablecoin swap free; ACH 0.30%; wire 1.00%; debit card 1.75%; credit card 3.50%2
Spends fromCASH balance in the user's own Cash account; the partner draws CASH and converts to USD at payment3

Payments

Apple Pay3Add from the Cash screen
Google Pay3Added manually by copying the card details into Google Wallet
Blocked merchantsGamblingCrypto purchasesGift card reloadsCash advancesATM withdrawals3Money-transfer purchases (peer-to-peer apps, funding Apple Cash) capped at $500 a week

Where it works

RegionsUnited States (except New York)3Cash account itself is available in most countries through the mobile app, not in the UK for rewards or in sanctioned jurisdictions
Countries13
United States3Except New York
United Kingdom3Card is US only
EEA3Card is US only; EU users can fund Cash with Stripe but cannot get the card
Supported countriesUnited StatesUnited States3New York residents excluded

Account

Local accountsUS routing and account number for ACH and wire deposits8,6
P2P transfersYes2Send CASH to a Phantom username or Solana address; free unless the recipient wallet never held CASH (small one-time Solana cost)
Crypto to bankYes2Standard ACH withdrawal free; fast ACH $1.00 + 0.75% with a $1.50 minimum; US except New York
OtherTrade spot and perps, use prediction markets and deposit CASH into Solana DeFi apps from the same account4

Security

InsuranceNone: the card balance is not FDIC insured12

App

App Store rating4.814Rating of the whole Phantom wallet app
App Store ratings64,00014About 64K ratings
App StoreOpen in App Store14
Web app4Cash is not available in the browser extension; mobile app only
SupportIn-app and help centre via Phantom SupportPhone dispute line for Stripe-issued cards3,4

Reputation

Trustpilot1.915Unclaimed profile for Phantom as a whole; reviews do not mention the card
Trustpilot reviews1615
Common complaintsSlow or unresponsive support (wallet-wide reviews), One report of a bank transfer that repeatedly failed, One report of a swap destination changing to the Cash wallet without notice15Few reviews; not specific to the card
Common praiseLow cost to turn crypto into spendable USD and Apple Pay support (review site, Jun-16, 2026)17

Adoption

Users, claimedTens of millions of Phantom wallet users; Cash card users not published18
On-chain spend, all time$7,947,00016Onchain card spend only; 210,614 transactions, about 10,023 addresses
On-chain spend, last month$1,100,00017About $1.1M in Oct-2026 per the review site, citing Paymentscan

Referrals

User referralsYes21Referral rebates are paid in CASH

Incidents and changes

Oct 2026From Oct-5, 2026 Phantom replaced Bridge-programme virtual cards with Stripe-programme cards in stages: new card number, old card stops working, new PIN and saved merchant details to update; balance and limits unchanged.11,19fee change

More details

CASH stablecoin issuerBridge Building Inc.; reserve of Treasury bills, Treasury repos, government money-market funds and deposits, measured daily; redeemable 1:1 for USD through Bridge; no reserve attestation mentioned13
Money-transfer purchases limit$500 a week (peer-to-peer apps and funding Apple Cash with the card)3
Authorisation holdsFuel, hotel and similar merchants may hold more than the purchase; holds usually clear in 24 to 48 hours, up to 30 days; Phantom suggests keeping a 20% buffer3
Dispute windowWithin 60 days; Stripe cards by phone line, Bridge cards through the Galileo line shown in the wallet3
Deposit speedDebit card and Apple/Google Pay under 1 minute; linked bank 3 to 5 business days; ACH or wire to Cash routing numbers up to 5 business days8
Domestic wire limit$1 million per transaction6
Identity verificationLink (Stripe); Phantom receives only the status and email and says it stores no KYC documents1,9
Closing a Cash accountPhantom cannot fully close Cash accounts; support logs close requests4

Quick answers

What does the Phantom Cash cost?

The Phantom Cash plan: Free a month, — for a physical card.

How much cashback does the Phantom Cash pay?

0% on the Phantom Cash plan, paid in a form not published.

What is the Phantom Cash FX fee?

1% on the Phantom Cash plan.

Is the Phantom Cash custodial?

Self-custody. Balance is CASH in a self-custodial smart-contract wallet on Solana. At payment the card partner draws CASH from the account and converts it to USD. CASH is a stablecoin issued by Bridge Building Inc., redeemable 1:1 for USD through Bridge; the balance is not FDIC insured

Is the Phantom Cash available in the US, the UK and the EEA?

US: yes. UK: no. EEA: no.

How much do you keep with the Phantom Cash?

−$24 a year on the Phantom Cash plan at $1,000 a month with 20% in a foreign currency, after every fee.

Sources

  1. Phantom Cash product page and card disclosures, issuer, Nov-05, 2026
  2. Cash fees, issuer, Nov-05, 2026
  3. Spend Cash with a virtual Phantom debit card (US), issuer, Nov-05, 2026
  4. Cash general FAQ, issuer, Nov-05, 2026
  5. Understanding your Cash account, issuer, Nov-05, 2026
  6. Fund your Cash account with Apple Pay, Google Pay, debit cards, or bank accounts, issuer, Nov-05, 2026
  7. Add Cash by swapping stablecoins, issuer, Nov-05, 2026
  8. Troubleshoot deposits into your Cash account, issuer, Nov-05, 2026
  9. Verify your identity for Cash (US/EU), issuer, Nov-05, 2026
  10. Cash Rewards FAQ, issuer, Nov-05, 2026
  11. Update your replacement virtual Phantom debit card (US), issuer, Nov-05, 2026
  12. Lead Bank Prepaid Visa cardholder agreement for Phantom (hosted by Bridge), issuer, Nov-05, 2026
  13. CASH stablecoin (Bridge Building Inc.), issuer, Nov-05, 2026
  14. Phantom on the App Store, app store, Nov-05, 2026
  15. Phantom on Trustpilot (unclaimed profile, wallet-wide reviews), trustpilot, Nov-05, 2026
  16. Paymentscan: Phantom Cash, paymentscan, Nov-05, 2026
  17. Phantom Card review, Last Updated Jun-16, 2026, review, Nov-05, 2026
  18. Bridge: Phantom builds a global money app with Stripe and Bridge, press, Nov-05, 2026
  19. Phantom replaces virtual cards during its October programme migration (Oct-14, 2026), press, Nov-05, 2026
  20. Phantom raises $150 million (Series C) at $3 billion valuation, press, Nov-05, 2026
  21. Phantom Referral Program guide, issuer, Nov-05, 2026

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