Rizon Card

Rizon Visa Prepaid Card Review: Fees, Rewards & Availability

Basic Information

The Rizon Card functions as a "stablecoin neobank," allowing users to spend digital USD directly in everyday transactions. Unlike traditional crypto cards, Rizon employs a non-custodial architecture where users maintain full control of their USDC or USDT stablecoins until the moment of purchase, when automatic conversion to local currency occurs.

The card operates through a partnership with Rain, a licensed Visa principal member specializing in stablecoin-linked cards. This partnership ensures proper licensing, compliance, and access to Visa's global acceptance network of over 100 million merchants and ATMs worldwide.

Rewards and Benefits

RIZpoints Program

Rizon Card has launched its RIZpoints rewards program with the following features:

• 5% back on every eligible purchase through the RIZpoints system
• No staking requirements to access rewards (unlike many competitor crypto cards)
• All users have equal access to the rewards program regardless of spending volume
• RIZpoints can be redeemed for discounts or offers with partner merchants

Referral Program

Rizon Card offers a generous referral program with specific qualification requirements:

• Up to 20 RIZpoints (valued $200) for each successful referral
• Maximum of 10 friends can be referred for a total of $400 in rewards
• Referred friends must make 7 qualifying purchases totaling $100+ to complete the referral
• Only "real card purchases" count – transfers/top-ups via services like PayPal/Revolut don't qualify
• ATM withdrawals and cash equivalents don't qualify for referral progress
• Only one qualifying card purchase per day counts toward the 7-purchase requirement
• Referred users must stay active for 7 days after completing purchases
• Reward timing is 48-72 hours after qualification requirements are met
• An Ambassador Program is mentioned on the website but with no specific details published yet

Additional benefits include:

• Non-custodial wallet architecture that maintains user control of assets
• Ability to send stablecoins to other users via RizTag, email, or phone number without gas fees
• No monthly or annual account maintenance fees

Fees and Limits

Rizon Card fees are structured around transparent pricing with no hidden charges. The most significant fees are for currency conversion on non-USD transactions and ATM withdrawals.

Spending and Transaction Limits

Card Tiers and Options

Rizon Card offers multiple card options with plans for tiered benefits:

The platform indicates that metal cards will offer "higher tiers" with "bigger cashbacks" and priority support, though specific details have not been announced. Currently, all verified users receive the same core features and benefits regardless of card type.

Top-Up Methods

• No pre-loading required
• Funds remain in user-controlled wallet until purchase
• Supports USDC and USDT on Solana, Polygon, Arbitrum, Avalanche, Optimism, and Base
• Spending draws directly from connected wallet via app at transaction

Self-Custody True Self-Custody

• Users retain full control of private keys via on-device wallet (Privy)
• Stablecoins remain in user-controlled smart contract until point of purchase
• Conversion to fiat occurs only at transaction, not before
• If provider disappears, users keep access to their crypto assets

Supported Currencies and Conversion

Rizon Card currently supports two USD-pegged stablecoins for spending:

• USDC (USD Coin)
• USDT (Tether)

The platform also supports multiple funding methods beyond stablecoins:

• ACH transfers (US)
• SEPA transfers (EU)
• Apple Pay/Google Pay top-ups
• Credit/debit card funding

For spending, the card can be used with virtually any fiat currency at the point of sale. While the balance is held in USD stablecoin value, automatic conversion occurs when spending in different currencies including USD, EUR, GBP, JPY, and any other local currency that Visa supports.

Supported Blockchain Networks

Rizon Card supports stablecoin deposits from multiple blockchain networks:

• Solana
• Arbitrum
• Avalanche
• Optimism
• Polygon
• Base

This multi-chain support allows users to choose the most cost-effective network for deposits based on current gas fees and their existing holdings.

Conversion Process

When using the Rizon Card, the conversion process works as follows:

1. Funds are held as stablecoins in the user's wallet until a card transaction is initiated
2. At the moment of purchase, the appropriate amount of stablecoins is automatically converted to the required local currency
3. For USD transactions, no conversion fee applies
4. For non-USD transactions, a 1.5% FX fee is applied for currency conversion
5. The conversion is handled by Rain's infrastructure, which finds the lowest available rate
6. No manual conversion step is required by the user

The app allows users to display their balance in their local currency for convenience, while funds remain in digital USD until spent.

Geographic Availability

Rizon Card is available in 147+ countries for card usage, though new customer onboarding is currently restricted to specific regions.

Global Usage Reach:

• Cards can be used in 147+ countries worldwide at over 100 million merchants and ATMs where Visa is accepted

Onboarding Restrictions:

• New customer registration is currently limited to residents of the United States and Latin America (LATAM)
• According to current legal disclaimer, services are "intended solely for individuals who are residents and domiciled in the United States or countries within Latin America"

Restricted Regions:

• Countries under international sanctions are explicitly blocked
• Users cannot send stablecoins to "blacklisted countries" (referring to FATF list)
• This implies places like North Korea, Iran, Syria, Cuba, and sanctioned regions of Russia are prohibited

Regional Variations:

• Users from regions outside US and LATAM are placed on a waitlist
• As Rain secures additional licenses, Rizon plans to expand service to more countries beyond the initial focus areas

Rizon's terms state that services are not offered in jurisdictions where they would violate local laws.

Compliance and Security

Non-Custodial Architecture

Rizon Card employs a non-custodial wallet model where:

• Users maintain sole control of their private keys
• Keys are generated and stored securely on the user's device via Privy
• After KYC verification through Rain, a smart contract is assigned and managed in part by Rain
• The Linked Wallet serves as the sole administrator of the smart contract
• The "Card Off-ramp" conversion service is provided by Rain

This architecture maintains the borderless, self-sovereign nature of crypto while providing the convenience of traditional payment cards.

Security Features

Rizon Card implements several security measures:

• Face ID, Touch ID, device passkeys, and other biometric verification
• Two-factor authentication and transaction alerts
• Ability to freeze or terminate cards directly from the app
• Encryption of all sensitive data in transit and at rest

Regulatory Compliance:

• Full KYC verification is required before card issuance (advertised as taking under 2 minutes)
• All regulated activities are handled by Rain, which is a Visa Principal Member with appropriate money transmitter licenses
• Rain handles compliance checks (KYC/AML) and card transaction oversight

There is no explicit mention of insurance for crypto deposits. Since funds are in stablecoins on-chain, they are not FDIC-insured.

Technical Details

Rizon Card's technical infrastructure is built around a non-custodial wallet architecture that connects to traditional payment rails:

• Wallet Infrastructure: Powered by Privy for secure on-device key management
• Smart Contracts: Hold user funds on-chain until the moment of spending
• Card Infrastructure: Provided by Rain as a Visa Principal Member
• Mobile App: Available on iOS (Apple App Store) and Android (Google Play)
• API Integration: Rain's infrastructure connects the blockchain wallet to Visa's payment network
• Transaction Flow:
  1. User initiates a card transaction
  2. Rain's infrastructure interacts with the user's Smart Contract
  3. The required amount of stablecoins is converted to fiat at the current exchange rate
  4. The merchant receives payment in their local currency
  5. The transaction is recorded in the app's history

This architecture eliminates the need for users to manually convert crypto to fiat before spending, creating a seamless experience while maintaining self-custody of assets.

User Experience

The Rizon Card app provides a comprehensive suite of features:

• Cards Section: View card details, add to Apple/Google Pay, see transactions, manage card settings
• Send Section: Send stablecoins via RizTag (username), phone number, or email
• Deposit Section: Top up account with stablecoins from various blockchain networks
• Wallet Section: View balance and transaction history
• USD and EUR Accounts: Virtual ACH/SEPA account functionality
• Invest: Tokenized stocks feature

Additional UX Features:

• Language Support: The app/website is offered in 6 languages: English, Spanish, Arabic, Hindi/Urdu, Indonesian, and Turkish
• Support Channels: In-app chat support, help center, and email support
• Mobile Wallet Integration: Cards can be immediately added to Apple Pay or Google Pay upon issuance

Early users report positive experiences with the sign-up process, KYC verification, and card functionality. The ability to use Apple/Google Pay immediately is highlighted as a significant advantage. Some users outside supported regions express frustration at being waitlisted despite global marketing.

Best Suited For

• Crypto-First Users who want to spend stablecoins without sacrificing self-custody
• International Travelers who benefit from borderless USD spending with competitive FX rates
• Freelancers and Remote Workers who receive payments in stablecoins and need easy spending access
• Residents of Countries with Unstable Currencies who want to preserve value in USD while maintaining spending ability

Pros and Cons

Pros

• True Self-Custody - users maintain control of stablecoins until spending
• No Monthly Fees - zero maintenance costs for all usage levels
• Instant Virtual Card - immediate issuance and mobile wallet integration
• Multi-Chain Support - deposit options across numerous blockchain networks
• 5% Cashback - competitive rewards program with no staking requirements

Cons

• Limited Geographic Availability - new registration restricted to US and LATAM
• Stablecoin-Only - no support for BTC, ETH, or other cryptocurrencies
• ATM Withdrawal Limits - $250 daily maximum may be restrictive
• High ATM Fees - 2% + $3.00 for USD withdrawals, higher for foreign currency
• New Platform - less established track record compared to competitors

Conclusion

Rizon Card represents a significant innovation in the crypto payment card space by combining the security of self-custody with the convenience of traditional card payments. Its non-custodial wallet architecture addresses a key concern in the crypto community—maintaining control of assets while enabling everyday spending—and sets it apart from most competitors that require users to deposit funds into custodial accounts.

The card's fee structure is transparent and competitive, with no monthly fees and reasonable charges for currency conversion and ATM withdrawals. The lack of spending limits (beyond available balance) makes it suitable for both small purchases and larger transactions.

With the launch of the RIZpoints rewards program offering 5% cashback and both virtual and physical cards now available, Rizon successfully bridges the gap between crypto self-custody and everyday spending. Its focus on stablecoins rather than volatile cryptocurrencies ensures a predictable spending experience without complex tax implications.

For users who prioritize self-custody while wanting seamless spending capabilities, particularly those in the US and Latin America, Rizon offers a compelling solution that maintains the core values of cryptocurrency while providing the practical utility of a Visa card.

Additional Information

Rain Partnership Details

The relationship between Rizon and Rain is crucial to understanding the card's regulatory compliance and capabilities:

• Rain (Signify Holdings/Nimbus LLC) is a Visa Principal Member, meaning it can issue cards directly without requiring a sponsor bank
• In March 2025, Rain secured a $24.5 million funding round led by Norwest to expand its stablecoin card issuing capabilities globally
• In August 2025, Rain announced a $58 million Series B led by Sapphire Ventures to become the enterprise stablecoin platform of record
• Rain's infrastructure supports multiple blockchain networks for settlement, including Solana, Tron, and Stellar alongside EVM chains
• As the licensed entity, Rain handles all regulated activities including KYC verification, transaction monitoring, and compliance with financial regulations
• Rizon itself functions as a software layer that provides the user interface and wallet technology, while Rain enables the card issuance and fiat off-ramp capabilities

Upcoming Features

While Rizon has launched with comprehensive functionality, several enhancements are planned:

• Expanded Regional Availability: As Rain secures additional licenses, Rizon plans to expand service to more countries beyond the initial US and LATAM focus
• Additional Blockchain Support: Rain is expanding its stablecoin card infrastructure to include more chains, which may eventually be reflected in Rizon's offerings
• Enhanced Rewards Features: Continued development of the RIZpoints ecosystem with additional partner merchants and redemption options

The platform continues to evolve with regular updates and feature additions based on user feedback and market demands.