COCA Visa is a next-gen payment card designed for crypto-natives who refuse to compromise on self-custody. While most crypto cards require you to hand over your private keys to a centralised exchange, COCA allows you to spend directly from your wallet. Having said that, let us explore the fees and rewards associated with a COCA visa to see if it is worth the money.
COCA Visa Card Options
COCA offers both virtual and physical cards:
Virtual Card: COCA virtual card is issued instantly upon account setup. It is designed for online shopping and seamless integration with Apple Pay or Google Pay for NFC-based retail payments. There are no issuance or monthly maintenance fees for the virtual version.
Physical Card: COCA physical card is a standard Visa featuring chip-and-PIN security. It provides global utility at over 40 million merchants and allows for ATM withdrawals up to $200 per month without fee markups.
Where can you use a COCA Visa Card?
You can use a COCA Visa Card at 40 million merchant locations since it is issued through Visa. As for the virtual card, you can use it to make contactless payments by linking it to Apple Pay and Google Pay.
COCA Visa Card Cashback Rewards
COCA Visa is also a cashback crypto card, meaning you earn a percentage back on every purchase. Here’s how rewards wth COCA Visa work and how to get started.
Eligibility
All users are enrolled in the Basic Tier upon card activation, which requires no minimum balance. To unlock higher cashback percentages, you must have a few hundred dollars worth of $COCA tokens in your COCA Wallet. Tiers activate automatically based on your average balance.
How the COCA Visa Card disburses rewards
COCA Visa Cashback is calculated based on your current loyalty tier and is distributed monthly. Basic users typically start at 1% cashback, while the highest tiers can reach up to 8% cashback on eligible daily spending. In fact, during promotions, select tiers reward cardholders 50% to 100% rebates on services like Netflix, Spotify, and ChatGPT, which are processed alongside your monthly cashback.
Hotel booking discounts
COCA is working on a program that will grant cardholders 50% discounts at partner hotels. Apart from that, the card also qualifies for the “Visa Luxury Hotel Collection” benefits, which include room upgrades and late checkouts at participating properties.
Ineligible purchases
To prevent rewards abuse, COCA does not give you cashback on gambling payments, adult entertainment, ATM withdrawals, P2P trades, or payments for financial services.
How to get a COCA Visa Card
Here’s the quick way to get your COCA Visa Card:
- Step one: Navigate to the Banking section in the main menu of the COCA app.
- Step two: Select the Get Free Card option, followed by Order a Card to start the issuance flow.
- Step three: Select your specific country of residence from the list of over 250 supported regions.
- Step four: Complete the identity verification process by providing a government ID and proof of address.
- Step five: Choose between the virtual card for instant activation or the physical card for offline utility.
- Step six: If ordering a physical card, make an initial top-up of €50 to cover delivery and issuance costs
How to top up COCA Visa Card
- Step one: Open the Banking tab in the COCA app to manage your active card balance.
- Step two: Tap the Add funds button to view the two primary methods for loading your card.
- Step three: Choose On-chain deposit if you are sending assets from an external wallet or exchange.
- Step four: Select COCA Wallet if you want to transfer existing stablecoins from your non-custodial balance.
- Step five: Tap the Available button to verify that your specific token and blockchain network are supported.
- Step six: Confirm the transfer amount to finalise the top-up; virtual card users have no minimum initial requirement.
COCA Visa Card Fees
Arguably, the best thing about the COCA Visa card is the fact that there are no fees whatsoever. You only have to pay a 1% conversion spread for converting your cryptos into fiat.
| Category | Fee |
| Virtual card | Free |
| Physical card | Free |
| Conversion spread | Free |
| Annual fee | Free |
| Top-up fee | Free |
| Shipping fee | Free |
| Replacement fee | Free |
COCA Visa Card Spending Limits
Spending and ATM withdrawal limits for COCA Visa card
| Limit Type | Amount/Count | Period |
| Purchase Limits | ||
| Max purchase amount per transaction | 30,000 EUR | Per transaction |
| Max purchase amount per day | 30,000 EUR | Daily |
| Max purchase amount per month | 30,000 EUR | Monthly |
| Max purchase amount per 3 months | 75,000 EUR | Quarterly |
| Max purchase amount per 6 months | 100,000 EUR | Semi-annually |
| Max purchase count per day | Unlimited for Visa cards | |
| Cash Withdrawal Limits Free ATM withdrawals worldwide up to $250/month, 2% thereafter. |
||
| Max cash withdrawal amount per day | 850 EUR | Daily |
| Max cash withdrawal amount per month | 5,000 EUR | Monthly |
| Max cash withdrawal count per day | 5 transactions | Daily |
COCA Visa Card Pros
Advantages of COCA Visa Card
- Global reach
- 20% cashback for new users
- Up to 8% cashback after the welcome period
- Zero annual fees or conversion spread
- Convenient for streaming services and digital marketing tools
COCA Visa Card Cons
Downsides to COCA Visa Card
- No credit card element yet
- Low ATM withdrawal limits
Basic features of COCA Visa Card
MPC technology
COCA Visa Card uses Multi-Party Computation (MPC) to eliminate the “single point of failure” risk of traditional wallets. Instead of a seed phrase, your private key is split into multiple parts stored across different secure environments. This ensures that even if one part is compromised, your funds remain safe.
Non-custodial debit card
Unlike the popular cryptocurrency cards, COCA Visa never takes possession of your private keys. This means you are in control of your digital assets at all times.
Pay with crypto anywhere Mastercard is allowed
COCA Visa converts your stablecoins into fiat at the exact millisecond of the transaction.. This real-time liquidation means you don’t have to pre-sell your crypto to fund a weekend trip or a grocery run.
Earn Cashback on every purchase
Every eligible transaction generates rewards that are settled directly into your wallet. Depending on your loyalty tier, you can earn up to 8% cashback on daily spending and 100% rebates on popular subscriptions. These rewards provide a passive way to grow your stablecoin holdings.
Zero Annual Fees
The COCA Visa Card does not charge subscription or “membership” fees to keep the account active. This makes it a highly efficient backup card for travellers or a primary card for crypto-natives. You only pay for the assets you choose to spend.
COCA Visa Card supported currencies
COCA Visa Card supported currencies and networks:
- USDT (Tether)
Ethereum, BNB Smart Chain, Avalanche C-Chain, Polygon, Arbitrum, Near, Aurora, Solana, Tron
- USDC (USD Coin)
Ethereum, BNB Smart Chain, Avalanche C-Chain, Polygon, Arbitrum, Stellar, Base, Near, Aurora, Solana
- EURC (Euro Coin)
Ethereum
- EURS (STASIS Euro)
Ethereum, Polygon
COCA Visa Card Available Countries
COCA has a massive global footprint across:
Asia Pacific
Japan, South Korea, Australia, Indonesia, Taiwan, Thailand, Vietnam, Philippines, Singapore, Malaysia, Hong Kong, Kazakhstan, Uzbekistan, New Zealand, Macao, Azerbaijan, and Georgia.
Middle East & Africa
Saudi Arabia, United Arab Emirates, Nigeria, Bahrain, Kenya, and Ghana.
South & Central America
Brazil, Mexico, Argentina, Colombia, Chile, Peru, Ecuador, and El Salvador.
UK & Europe
Germany, United Kingdom, France, Italy, Spain, Netherlands, Switzerland, Poland, Belgium, Sweden, Ireland, Austria, Norway, Denmark, Romania, and Czech Republic.
Portugal, Finland, Greece, Hungary, Slovakia, Bulgaria, Luxembourg, Croatia, Lithuania, Slovenia, Latvia, Estonia, Cyprus, Iceland, Moldova, Monaco, Montenegro, Isle of Man, Andorra, Guernsey, Jersey, Gibraltar, and Liechtenstein.
COCA Visa Card Review: Who should get it?
COCA Visa Card is the perfect debit card for crypto-natives who want to spend digital assets without using a centralised exchange. It is specifically designed for:
- Self-Custody Advocates: Since it uses MPC technology, you keep control of your funds until the moment of purchase, removing the “exchange insolvency” risk.
- Stablecoin Savers: If you hold USDC, USDT, or EURC, you can earn up to 6% APY on your card balance while keeping the funds liquid for spending.
- Heavy Subscription Users: High-tier users get 50% to 100% rebates on Netflix, Spotify, and ChatGPT, which can easily save you €30+ monthly.
