Oobit Card

Oobit Card Visa Debit Review: Fees, Rewards & Availability

Basic Information

Oobit Card is a mobile-first crypto payments solution that enables users to spend cryptocurrency directly at any Visa-accepting merchant without first converting to fiat through an exchange. The service converts crypto to local fiat currency in real-time at the point of sale, allowing merchants to receive traditional currency while users maintain their crypto holdings until the moment of purchase.

The product is delivered exclusively as a virtual card accessible via mobile wallets (Apple Pay, Google Pay) for contactless payments and online checkout. The service operates under a Visa license through card program issuer ThirdNational in Puerto Rico jurisdiction, with Oobit Technologies entities in Lithuania and Denmark handling regulatory compliance in Europe.

Rewards and Benefits

Cashback Structure

Oobit Card offers cashback rewards paid in stablecoins, with rates varying based on the cryptocurrency used for payment and active promotions.

Cashback Details:

• Marketed rate: Up to 10% cashback (actual rate depends on asset used and promotions)
• Payment method: Rewards paid in stablecoins (USDT, or USDC in EU)
• Timing: Cashback granted 1–3 days after payment completion
• Monthly caps:
  • OOB token payments: Up to $1,000 per calendar month of eligible spending
  • Other supported tokens: Up to $200 per calendar month of eligible spending

Points System

The platform features a "5x points" level-up system based on transaction frequency within a 30-day rolling period. Points progress through levels 2–5 and can be converted to spendable stablecoins via the in-app "Claim rewards" flow.

Referral Program

• Trigger: Activated after referred user completes at least $100 in eligible transactions
• Usage limit: Referral links can be used up to 5 times before expiring
• Recipients: Both referrer and referred user receive rewards

Fees and Limits

Oobit Card fees include transaction costs, foreign exchange charges, and potential cross-border fees that can significantly impact the total cost of international spending.

Fee Structure

Administrative Fees

Spending Limits

Important Note: Official documentation contains conflicting limit information across different sources.

Critical Qualifier: Card terms state spending limits are dynamic and may be modified (including temporary reductions to $0) based on risk controls and issuer discretion.

Card Tiers and Options

Oobit operates a single-tier program rather than multiple subscription levels. The service offers one virtual card experience with enhanced rewards available when using the native OOB token.

Both options provide identical core functionality including real-time crypto conversion, external wallet connectivity, contactless ATM withdrawals, and mobile wallet integration. The only documented difference is the elevated monthly cashback cap when OOB token is used as the payment asset.

Top-Up Methods

• No pre-loading required
• Funds are deducted from connected external wallet or Oobit custodial wallet at purchase
• Supports 20+ cryptocurrencies and stablecoins (e.g., BTC, ETH, USDT, USDC, SOL, OOB)
• Funding via app by linking external wallet (MetaMask, Trust Wallet, Binance Wallet, etc.) or using Oobit account wallet

Self-Custody Hybrid Custody

• Users can connect external self-custody wallets (retain control of private keys) or use Oobit's custodial wallet (Oobit controls keys)
• For external wallets, custody remains with user until payment; crypto is only accessed at checkout for conversion
• For custodial wallets, Oobit holds private keys and assets
• If provider disappears, external wallet users keep access to unspent funds; custodial wallet users risk loss of access

Supported Currencies and Conversion

Supported Cryptocurrencies

Oobit Card supports 20+ cryptocurrencies for payments including: USDC, USDT, BNB, USDR, EURR, BTC, DOGE, ETH, SOL, TRX, XRP, XTZ, TON, VET, XAUT, LTC, XLM, TRUMP, ADA, BCH, SHIB.

Additional assets supported in merchant integration widget:

• Ethereum network: ETH, USDT, USDC, LINK, DAI, UNI, SHIB, MKR, GRT, COMP, SUSHI, SNX, BAT, CHZ, MANA, ENJ, OMG, XAUT, YFI, EURC, EURR, USDR
• BNB Smart Chain: BNB, USDT, USDC, USAT
• Solana: SOL, USDT, USDC, BONK, OOB, TRUMP
• Arbitrum: ARB, USDT, USDC
• Avalanche: AVAX, USDT, USDC

Conversion Process

Base Currency: USD (United States Dollar)

Conversion Method:

• Crypto converted to fiat at checkout (real-time conversion)
• Merchants receive local fiat currency (e.g., CHF in Switzerland, EUR in Eurozone)
• Automatic conversion from USD base to local merchant currency when needed
• Exchange rates use Visa association rates plus Oobit's "competitive rate" for crypto-to-fiat conversion

Geographic Availability

Oobit Card is marketed as available across "more than 100 countries" but maintains significant restrictions in major markets. The service is notably restricted in key European markets despite having regulatory entities in Lithuania and Denmark.

Available Regions

Africa

Algeria (DZ), Angola (AO), Benin (BJ), Botswana (BW), Burkina Faso (BF), Burundi (BI), Cabo Verde (CV), Cameroon (CM), Chad (TD), Comoros (KM), Congo (CG), Côte d'Ivoire (CI), Democratic Republic of the Congo (CD), Djibouti (DJ), Egypt (EG), Equatorial Guinea (GQ), Eritrea (ER), Eswatini (SZ), Gambia (GM), Ghana (GH), Guinea (GN), Guinea-Bissau (GW), Kenya (KE), Lesotho (LS), Liberia (LR), Madagascar (MG), Malawi (MW), Mauritania (MR), Mauritius (MU), Morocco (MA), Mozambique (MZ), Namibia (NA), Niger (NE), Rwanda (RW), Sao Tome and Principe (ST), Senegal (SN), Seychelles (SC), Sierra Leone (SL), South Africa (ZA), Tanzania (TZ), Togo (TG), Tunisia (TN), Uganda (UG), Zambia (ZM)

Americas

Argentina (AR), Bahamas (BS), Bolivia (BO), Brazil (BR), Canada (CA), Chile (CL), Colombia (CO), Costa Rica (CR), Dominican Republic (DO), Ecuador (EC), El Salvador (SV), Guatemala (GT), Haiti (HT), Honduras (HN), Jamaica (JM), Mexico (MX), Panama (PA), Paraguay (PY), Peru (PE), Saint Kitts and Nevis (KN), Saint Lucia (LC), Saint Vincent and the Grenadines (VC), United States (US), Uruguay (UY)

Asia

Armenia (AM), Azerbaijan (AZ), Bahrain (BH), Bangladesh (BD), Bhutan (BT), Brunei (BN), Cambodia (KH), Georgia (GE), India (IN), Indonesia (ID), Israel (IL), Japan (JP), Jordan (JO), Kazakhstan (KZ), Kuwait (KW), Kyrgyzstan (KG), Laos (LA), Maldives (MV), Mongolia (MN), Nepal (NP), Oman (OM), Pakistan (PK), Philippines (PH), Qatar (QA), Saudi Arabia (SA), South Korea (KR), Sri Lanka (LK), Tajikistan (TJ), Thailand (TH), Timor-Leste (TL), Turkmenistan (TM), United Arab Emirates (AE), Uzbekistan (UZ), Vietnam (VN), State of Palestine (PS)

Europe

Andorra (AD), Austria (AT), Belgium (BE), Bulgaria (BG), Cyprus (CY), Czech Republic (CZ), Denmark (DK), Estonia (EE), Finland (FI), Greece (GR), Iceland (IS), Ireland (IE), Latvia (LV), Liechtenstein (LI), Lithuania (LT), Luxembourg (LU), Malta (MT), Norway (NO), Poland (PL), Portugal (PT), Romania (RO), San Marino (SM), Slovakia (SK), Slovenia (SI), Sweden (SE), Vatican City (VA)

Oceania

Australia (AU), Fiji (FJ), Kiribati (KI), Marshall Islands (MH), Micronesia (FM), Nauru (NR), New Zealand (NZ), Palau (PW), Papua New Guinea (PG), Samoa (WS), Solomon Islands (SB), Tonga (TO), Tuvalu (TV), Vanuatu (VU)

Major Restricted Markets

Critical European Restrictions: France (FR), Germany (DE), Italy (IT), Netherlands (NL), Spain (ES), Switzerland (CH), United Kingdom (GB)

Asia-Pacific Restrictions: China (CN), Hong Kong (HK), Singapore (SG), Malaysia (MY), Turkey (TR)

Important Note: Both China and Hong Kong are explicitly restricted, despite Hong Kong having separate financial regulations from Mainland China.

Compliance and Security

Regulatory Framework

Operating Entities:

• Oobit Technologies UAB (Lithuania): Entity 306074900, claimed authorization by Financial Crime Investigation Service
• Oobit Technologies ApS (Denmark): Entity 45210898, claimed VASP registration with Danish FSA
• Oobit Technologies OÜ (Estonia): Entity 14852617, former FIU authorizations FRK001304 and FVR001421 revoked August 3, 2022

Card Program Structure:

• Issuer: ThirdNational (Puerto Rico jurisdiction)
• Network License: Visa
• U.S. Expansion: Bakkt infrastructure for state-level compliance

Custody Model

Oobit offers a hybrid custody model allowing users to choose between self-custody and custodial options:

Self-Custody Option:

• Connect external wallets (MetaMask, Trust Wallet, Binance Wallet, Coinbase, Kraken)
• Users retain control of private keys
• No need to transfer funds to Oobit

Custodial Option:

• Built-in Oobit wallet
• Assets held as "custodial assets held by Oobit for your benefit"
• User title retained but Oobit controls private keys

Security Infrastructure

• MPC Technology: Fireblocks multi-party computation wallet infrastructure
• Transaction Controls: TAP policy engine with programmable rules and audit trails
• Encryption: Bank-grade encryption with data encrypted in transit
• Insurance Claims: "Insured and securely stored" (policy details not disclosed)

Technical Details

Conversion Mechanics

Conversion Process:

1. User selects crypto asset within app
2. Payment initiated via tap-to-pay or online checkout
3. Real-time conversion from crypto to USD at "competitive rate"
4. Visa network converts USD to local merchant currency if needed
5. Merchant receives local fiat currency
6. User's crypto balance debited after transaction completion

Settlement Timing:

• Merchant settlement follows standard Visa cycles (1-3 business days)
• User balance deduction occurs after transaction authorization
• Rewards credited 1-3 days after payment completion

Mobile App Features

Core Functionality:

• Virtual card management and mobile wallet integration
• External wallet connectivity and built-in wallet option
• Asset selection for payments and transaction history
• Rewards tracking and claiming system
• Referral link generation and live chat support

Developer Integration:

• Plug & Pay widget for merchant websites
• Multi-chain support (Ethereum, BNB Smart Chain, Solana, Arbitrum, Avalanche)
• Apple Pay/Google Pay integration where available

User Experience

Positive User Feedback:

• Easy setup and straightforward onboarding process
• Familiar contactless payment experience at POS terminals
• Successful transaction processing at merchants without crypto-specific terminals
• Reasonable fees for domestic USD spending

Common Limitations:

• Phone dependency for all transactions (no physical card backup)
• Dynamic limits that can be reduced to $0 based on risk assessment
• Potential transaction declines due to compliance screening
• Conflicting information across official documentation sources

Support Channels:

• In-app live chat (primary support method)
• Email support and FAQ/help center
• Public status page for operational monitoring

Best Suited For

• Self-custody crypto holders who want to spend directly from external wallets without exchange cash-outs
• USD-based users who can avoid foreign currency conversion fees and maximize cashback benefits
• Medium-to-large purchase users who can minimize the impact of the $0.25 minimum transaction fee
• Mobile-first users who prefer virtual card convenience and don't require physical card backup options

Pros and Cons

Pros

• Real-time crypto conversion without pre-loading fiat balance
• Self-custody option through external wallet connectivity
• Instant virtual card delivery with no issuance fees
• Global Visa acceptance without merchant integration requirements
• Higher cashback potential (up to 10%) with stablecoin rewards

Cons

• Restricted in major European markets despite EU regulatory presence
• Foreign currency transactions can incur up to 7% in combined fees
• Conflicting spending limits across official documentation
• No physical card option available for backup
• ATM withdrawal fees and limits not transparently disclosed

Conclusion

Oobit Card stands out as a mobile-first solution for crypto users who want to spend directly from their wallets without traditional exchange cash-outs. The service's real-time conversion model and wallet-agnostic approach offer genuine convenience for crypto-native users, particularly those spending in USD who can benefit from the cashback rewards without incurring heavy foreign exchange fees.

However, significant limitations restrict its broader appeal. International users face potentially prohibitive fees of up to 7% on foreign currency transactions, which often exceed any cashback benefits. The restriction in major European markets (France, Germany, Italy, Netherlands, Spain, UK) despite claimed EU regulatory status raises questions about operational capabilities. Additionally, conflicting information in official documentation regarding spending limits and the lack of transparency around ATM fees create uncertainty for users planning significant transactions.

The ideal user is a crypto-native individual who primarily spends in USD, makes medium-to-large purchases, and values the convenience of direct wallet spending over cost optimization. For users in restricted markets or those requiring transparent fee structures and physical card backup options, alternative crypto payment solutions may be more suitable.

Additional Information

Fee Impact Analysis

Domestic USD Spending Example:

• Transaction fee: 1% (or $0.25 minimum)
• Potential cashback: Up to 10% (promotion-dependent)
• Net benefit: Potentially positive if maximum cashback applies

International Spending Example:

• Combined fees: Up to 7% (1% transaction + 3% FX + 3% cross-border)
• Potential cashback: Up to 10% (promotion-dependent, $200/month cap)
• Net impact: Likely negative for most users due to high fee burden

Documentation Contradictions

Critical Discrepancies Requiring Clarification:

• Spending limits vary significantly across official sources
• Country availability contradictions (pages exist for restricted countries)
• ATM fee schedules completely undisclosed
• Insurance policy details absent despite marketing claims

Recommendation: Users should verify all fees, limits, and availability directly with Oobit support before relying on the service for significant transactions.