Shift Card

1.7 from 7 votes
Supported coins

Funding methods

Wire transfer

Credit card

Debit card

Cash

Paypal

Gift card

Other methods

Fees

Issuance

$10.00

ATM

$3.50

Spend

3.00%

Shift Card Review

Wouldn’t it be nice if you could convert your crypto assets into everyday purchases and buy goods with bitcoin and other altcoins? Well, now you can. Just get a cryptocurrency debit card and buy also non-virtual goods (sandwiches, jeans, gardening supplies, etc.) with your crypto assets. This is a review of Shift Card – one of the many cryptocurrency debit cards.

General information

Shift Card primarily supports Bitcoin. However, the card will most likely support even more cryptocurrencies in the future.

With respect to fiat currencies, Shift Card supports USD.

Shift Card is a VISA-card. You can connect it to an account with Coinbase. By doing so, you can spend any cryptocurrencies held on Coinbase at close to 40 million different merchant locations.

US-investors may also use this card.

Shift Card Fees

Summary of fees

Shift Card’s fees consist of an issuance fee, a fixed fee for ATM usage and a spending fee (no monthly fee).

The issuance fee is USD 20.00.

The fixed fee for ATM-usage is USD 2.50 per withdrawal (USD 3.50 for international ATM-withdrawals).

The spending fee is 0.00% of the purchase (but 3.00% for international transactions).

More detailed information on fees

We think that Shift Card charges relatively competitive fees. The fees are as set out in the below picture:

Shift Card Fees

There is an issuance fee set to USD 20.00. This is somewhat higher than the industry average which is arguably around USD 15.00.

There is no monthly fee and any ATM-usage results in a fixed fee of USD 2.50 (plus any additional fees charged by ATM operators). International ATM-withdrawals are USD 1.00 more expensive, i.e. USD 3.50 fixed fee per withdrawal. Fixed fee for withdrawals might be disadvantageous in countries where the normal ATM-machines only allow smaller withdrawals (USD 20 for instance). In such scenarios, in order to withdraw a larger amount you need to withdraw several times, thus triggering the fixed fee each time.

Furthermore, the most important fee of them all, is the commission on spending. Shift Card sets you back 3.00% with respect to international transactions. This means that if you buy a nice sweater (any place other than in the USA) for USD 100, this will reduce your crypto assets with USD 103. When purchasing the same sweater in USA, however, no additional charge is made on the purchase.

We have not found any information on the maximum deposit limits. Accordingly, if the deposit limits are important to you we urge you to do your own analysis and form your own opinion on this.

Concluding remarks

If this is the cryptocurrency debit card for you, congratulations. If not, check out one of the other epic cryptocurrency debit cards in our cryptocurrency debit card list. Good luck!

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