Phantom Card

The Phantom Cash debit card is a free virtual Visa debit card inside Phantom Cash. It lets eligible users spend CASH, Phantom's USD-pegged stablecoin on Solana, anywhere Visa is accepted.

When a purchase is made, Bridge draws CASH from the user's self-custodial Cash account, converts it into US dollars and pays the merchant like an ordinary Visa transaction.

The card is currently available in the United States, except New York, and requires identity verification. It can be used online, in apps and in stores through Apple Pay or Google Pay.

The card spends the CASH stablecoin held in the user's Phantom Cash account. The Cash account is a separate Solana address linked to the user's Phantom profile and displays its balance in US dollars.

At checkout, Bridge moves the required CASH through the debit-card smart-contract infrastructure, converts it to USD and settles the merchant payment through Visa. Merchant names and receipt details are not written publicly on-chain.

Users therefore keep an on-chain stablecoin balance while receiving the convenience of a conventional debit card. The account must contain enough CASH to cover the payment and any temporary merchant authorisation hold.

Yes. Phantom says the Cash account is a self-custodial Solana wallet controlled by the user. CASH remains on-chain rather than being held as fiat in a Phantom-controlled bank account.

This is a major difference from exchange-issued debit cards where the spending balance is held centrally. Phantom stores the keys and recovery information that allow the user to access the on-chain assets.

The card itself still uses regulated partners. Bridge manages card-programme functions and Lead Bank issues the Visa card. Self-custody therefore applies to the CASH balance, while merchant settlement still uses conventional payment infrastructure.

CASH is a US-dollar-pegged stablecoin used as the balance inside Phantom Cash. It runs on Solana and is designed so one CASH represents approximately one US dollar of spending value.

When users fund their Cash account through supported bank or card methods, the value is converted into CASH and held on-chain in the user's self-custodial account. The Phantom debit card then spends from that CASH balance.

CASH is separate from assets held in the user's ordinary Phantom wallet accounts. Users can also move or swap CASH on Solana, subject to the current Phantom Cash fee schedule and supported integrations.

Phantom currently lists virtual debit-card issuance as free. Purchases made in the United States also have no Phantom Cash card fee under the current fee table.

International purchases can have fees, and Phantom says any applicable amount is shown before confirmation. Funding the Cash account can also cost money depending on the method.

Current funding fees include 1.75% for debit card or Apple Pay, 3.5% for credit-card funding, 0.30% for direct deposit or ACH funding and 1% for domestic wire deposits. Standard ACH withdrawals are currently free.

The Phantom Cash debit card currently has a default daily spending limit of $2,000.

Phantom says eligible users can request an increase to $5,000 per day by contacting Phantom Support. Approval is not automatic and can depend on the account and compliance review.

Merchant authorisation holds can temporarily reduce the available balance even when the final purchase is smaller. Gas stations, hotels and similar merchants sometimes place holds above the expected transaction amount, with the unused portion returned when settlement completes.

Yes. Phantom officially supports both Apple Pay and Google Pay for the Phantom Cash debit card.

Users can open the Cash tab, select the card and add it directly to the relevant mobile wallet. Once provisioned, the virtual card can be used for contactless purchases at compatible stores as well as online.

This mobile-wallet support is central to the current card because Phantom does not publish a physical card option for the Cash debit card. Wallet use does not change the underlying CASH balance or the daily spending limit.

Phantom currently describes the Cash debit card as a virtual Visa card. Its official Help Centre focuses on online use and Apple Pay or Google Pay for physical-store contactless payments.

No standard physical Phantom Cash card is currently listed in the product documentation. Users therefore receive the card credentials digitally rather than waiting for plastic delivery.

For users who require chip-and-PIN access, conventional ATM withdrawals or a physical backup card, this is an important limitation. The virtual format is strongest for ecommerce and mobile-wallet spending.

Phantom's current Cash debit-card documentation does not list conventional ATM withdrawals as a supported feature. The card is virtual and is designed primarily for online, in-app and contactless Visa purchases.

Users who need to turn CASH into money in a bank account can instead use supported Phantom Cash withdrawal routes. Standard ACH withdrawal is currently free, while a faster ACH option carries a fixed fee plus 0.75%.

Because ATM functionality is not part of the published card experience, users who need regular cash access should use another card or transfer funds to a bank first.

The Phantom Cash debit card is currently available only in the United States, with New York excluded under Phantom's current card FAQ.

The card requires identity verification. Phantom also notes that some off-chain Cash features have additional regional restrictions, so the availability displayed in the app should be treated as authoritative.

Users outside the supported US programme can still use the broader Phantom wallet, but they cannot currently activate the Cash debit card. Phantom has not published a timetable for international card expansion.

Yes. Phantom requires identity verification to activate the Cash debit card and other off-chain financial features such as eligible bank or card funding.

This differs from basic Phantom wallet use, which is self-custodial and does not require the same card onboarding. The KYC requirement comes from connecting the on-chain Cash account to regulated banking and Visa infrastructure.

Users should complete verification only through the official Phantom flow. Phantom Support states that it will never ask for a Secret Recovery Phrase or private key, and those credentials should never be provided for KYC.

The card spends the CASH balance in the user's Cash account, so users first add CASH. Phantom supports several funding routes.

Users can swap eligible Solana tokens into CASH, use a US bank account, debit card or Apple Pay after identity verification, or fund through bank and wire-transfer options. Solana stablecoins such as USDC, USDT, USDG and PYUSD can currently be swapped into the Cash account without a Phantom swap fee.

Tokens held on other networks such as Ethereum or Polygon cannot be used to fund the Cash account directly. They need to be moved or converted into a supported Solana asset first.

Phantom's current Cash debit-card documentation does not advertise a permanent standard cashback percentage on ordinary card purchases.

The core proposition is instead self-custodial stablecoin spending: users hold CASH on Solana and use it through a free virtual Visa card. Phantom Cash also connects to other on-chain financial tools, but those should not be confused with card cashback.

For comparison purposes, MyCardCompare would therefore treat the card as having no published recurring cashback rate unless Phantom adds a specific rewards programme. Temporary promotions should be evaluated separately.

The Phantom Cash debit card is issued by Lead Bank under Visa licence, with Bridge acting as the card programme manager. Phantom provides the wallet and Cash account experience.

This structure separates the self-custodial on-chain account from the regulated card infrastructure. Bridge handles the conversion of CASH into dollars for merchant settlement, while the issuing bank supports the Visa card layer.

Understanding the roles is useful for legal protections and disputes. Phantom is not itself the bank holding a conventional fiat card balance, because the user's Cash balance remains on Solana as CASH.

The Phantom Cash card is compelling for eligible US users who already use Phantom and want stablecoin spending without giving up self-custody. Virtual card issuance and US purchases are currently free, and Apple Pay and Google Pay make the virtual-only format practical.

The strongest differentiator is that the balance remains on-chain as CASH until it is used. The main limitations are US-only availability, no published standard cashback, no physical card and no conventional ATM feature.

Funding costs also matter: debit-card and Apple Pay deposits cost 1.75%, while bank-based routes can be cheaper. Users who can fund efficiently and value self-custody are likely to get the most benefit.