Blackcat Card Review 2026: Euro IBAN Card & Fees

Overview

What the Blackcat Card is

Blackcatcard is a European account rather than a crypto-first product: a euro IBAN plus Mastercard cards, operated by Papaya Ltd, an Electronic Money Institution authorised and regulated by the Malta Financial Services Authority, and running since 2019. Card issue is free, delivery is free worldwide, and there is no monthly fee on a single card.

The published fee schedule is refreshingly complete

Where several cards in this directory hide their costs, Blackcat publishes them:

Account: opening free, maintenance free with one card, EUR 10 for a paper statement, EUR 15 per month dormancy fee (the first six months are accumulated and charged together in month seven).
Cards: first card free, additional card EUR 7, reissue on expiry free, standard delivery free, express delivery priced individually, True Name option EUR 5.
ATM: first EUR 200 per month free, then 1% with a EUR 1.50 minimum, capped at EUR 5,000 per day and EUR 10,000 per month.
Transfers: first five outgoing SEPA transfers per month free, then EUR 0.20 each; incoming SEPA free; internal transfers free and unlimited; sending to any card worldwide costs 3%.

Holding two or more cards triggers a EUR 2 monthly charge, so the free-maintenance position depends on how many cards you run.

Rewards, which are the surprise

Blackcat pays a per annum reward on your balance, cashback on card purchases, and category cashback on Google Play and Amazon. It is rare to find a balance reward alongside a free card and no monthly fee, and the marketing rates are published in its loyalty materials with terms applied per category.

The crypto service - present, but not front and centre

Blackcat does operate a crypto service inside the app: a crypto section with wallet addresses and QR codes, transfers internally between Blackcat users or externally to any wallet, documented Bitcoin and Ethereum protocols, and a hard rule that the full name of the sender and recipient must match on every transfer or the operation is subject to additional checks and delays. Access is restricted, and limits are set out in the help centre rather than advertised.

Worth being straight about: the crypto service is not marketed on the new site at all - it survives on the legacy help centre, which carries a notice that it is out of date - so it is best treated as an in-app feature to confirm rather than a headline benefit. Reputation is also genuinely mixed: App Store and Google Play sit around 3.2, while Trustpilot is notably lower at 1.9 across several hundred reviews, with complaints spanning both the app and, in some cases, the crypto service.

Who it suits

For an EEA resident who wants a euro account with a free Mastercard, published fees, free ATM withdrawals up to EUR 200 a month, cashback and a balance reward, Blackcat is a strong practical choice - and the MFSA licence means your e-money sits inside a regulated European framework. If crypto spending is the priority, compare Jeton Card for a similar EMI model with crypto funding, or browse the crypto cards directory.

Features & Benefits

Card features

Virtual, plastic and additional Mastercard euro cards, all free to issue.
Free worldwide delivery on standard shipping; express delivery priced by region.
Credit-grade card accepted for hotel deposits and car rental pre-authorisations, with no overdraft or credit facility.
Contactless payments with up to five consecutive transactions without a PIN, up to EUR 150.
Apple Pay support.
True Name Mastercard option, letting you print your preferred name on the card.
3D Secure enrolled by default, with confirmation by app push or SMS.
Freeze and unfreeze, instant card activation, and card details visible in the app.

Account features

Euro IBAN account with free opening and free maintenance on a single card.
SEPA and SEPA Instant transfers, with the first five outgoing transfers each month free.
Internal transfers to other Blackcat users free and without amount limits.
Send money to any card worldwide for a 3% fee.
Loyalty programme with balance rewards and category cashback.
In-app crypto service with wallet addresses and internal or external transfers.
PCI DSS compliance, ISO 27001 alignment with independent audits, and 24/7 support.

Supported Cryptocurrencies

The in-app crypto service

Blackcat's crypto service lives inside the app under the Money tab. You get a crypto wallet with an address and QR code, can send internally to other Blackcatcard users or externally to any wallet, and can view the precise rate for the asset you are interested in before confirming. Help centre articles document the Bitcoin and Ethereum protocols specifically.

The name-matching rule

Every crypto transfer requires the full name of the recipient when sending, and the recipient must provide the full name of the sender when receiving. If the names do not match correctly, the operation is subject to additional checks and takes longer to complete. This is an AML control rather than a technical one, and it is the clearest signal that Blackcat runs crypto under a compliance-first model.

Availability and limits

Access to the crypto service is restricted - one of the help centre articles is dedicated to who can use it - and there is a separate article on crypto transaction limits. Neither the eligibility rules nor the limits are published on the main site, so confirm access and ceilings in the app or with support before planning around the feature.

Where the funds sit

The account is a euro e-money account held with an MFSA-licensed EMI, which is a regulated but not bank-deposit-protected arrangement. The crypto section is a separate service within the same app, and per Blackcat's own help centre it is linked to your account in a way the help centre explains further. Treat both as platform-held balances rather than self-custody.

Fees & Limits

Account

Account opening: free, available immediately after registration.
Account maintenance: free with one payment card or an account only.
Two or more cards: EUR 2 per month.
Paper statement: EUR 10.
Dormancy fee: EUR 15 per month, with the first six months accumulated and charged together in month seven.

Cards

First card issue: free. Additional card: EUR 7. Reissue on expiry: free.
Standard delivery: free. Express delivery: quoted individually.
True Name: EUR 5.

Cash and transfers

ATM withdrawal, first EUR 200 per month: free.
ATM withdrawal above EUR 200 per month: 1% of the amount, minimum EUR 1.50.
Daily ATM limit EUR 5,000; monthly limit EUR 10,000, shared across all cards.
Outgoing SEPA transfers: first 5 per month free, then EUR 0.20 each. Incoming SEPA: free.
Internal transfers: free. Send to any card worldwide: 3%.

Not published

Foreign exchange markup on non-euro card spending - no separate FX charge is listed in the schedule.
Crypto service transaction fees and limits, which live in the help centre rather than the pricing page.
Precise cashback and balance reward percentages, which sit in the loyalty terms.

Pros & Cons

Pros

Issued by Papaya Ltd, an Electronic Money Institution authorised and regulated by the Malta Financial Services Authority, and operating since 2019
Free card issue, free worldwide delivery and no monthly fee on a single card
Unusually complete published fee schedule for a European card: account, cards, ATM and transfers all itemised
First EUR 200 of ATM withdrawals each month free, with high ceilings of EUR 5,000 per day and EUR 10,000 per month
Loyalty programme paying card cashback plus category cashback on Google Play and Amazon, and a per annum reward on your balance
Euro IBAN with SEPA and SEPA Instant, plus free outgoing SEPA transfers for the first five each month
Apple Pay support, True Name option, contactless payments, 3D Secure and in-app card freeze
Credit-grade card accepted for hotel deposits and car rentals, with no overdraft or credit facility
In-app crypto service with Bitcoin and Ethereum support and internal or external transfers

Cons

Card issuance is reserved for EEA residents, so non-EEA users cannot get the card
Foreign exchange markup on non-euro spending is not listed in the published fee schedule
A 3% fee applies to sending money to any card worldwide
Dormancy fee of EUR 15 per month after six months of inactivity sits waiting for dormant accounts
Holding two or more cards costs EUR 2 per month, so free maintenance depends on how many cards you run
Reputation is genuinely mixed: Trustpilot sits at around 1.9 from several hundred reviews, against roughly 3.2 on the app stores
The crypto service is not marketed on the new site and survives mainly on a legacy help centre flagged as out of date
Crypto access is restricted and its fees and limits are not published on the main site
Name matching is mandatory on crypto transfers, and mismatches trigger extra checks and delays

Frequently Asked Questions

What is the Blackcat Card?

A euro account with a Mastercard, issued by Papaya Ltd, an Electronic Money Institution regulated by the Malta Financial Services Authority and operating since 2019. Cards are free to issue with free worldwide delivery and no monthly fee on a single card.

What fees does the Blackcat Card charge?

Account opening and maintenance are free with one card; additional cards cost EUR 7 and holding two or more cards costs EUR 2 per month. ATM withdrawals are free up to EUR 200 per month, then 1% with a EUR 1.50 minimum. The first five outgoing SEPA transfers each month are free, then EUR 0.20 each, and sending to any card worldwide costs 3%.

Does the Blackcat Card pay cashback?

Yes. Blackcat runs a loyalty programme with cashback on card purchases, category cashback on Google Play and Amazon, and a per annum reward bonus on your balance. Check the current percentages in the app, as loyalty terms and category eligibility apply.

What are the ATM limits?

EUR 5,000 per day and EUR 10,000 per month, shared across every card on the account. The first EUR 200 of withdrawals each month is free, after which a 1% fee applies with a EUR 1.50 minimum.

Who can get a Blackcat Card?

Card issuance is reserved for residents of the European Economic Area, though Blackcat delivers cards worldwide and the account is opened as a euro IBAN.

Does Blackcat support crypto?

Yes, through an in-app crypto service with wallet addresses, Bitcoin and Ethereum support, and internal or external transfers. Access is restricted and the fees and limits are documented in the help centre rather than on the main site - and the service is not marketed on the new website.

Do crypto transfers need a name?

Yes. Every crypto transfer requires the full name of the recipient when sending and the full name of the sender when receiving. Incorrect names trigger additional checks and slower processing.

Is the account a bank account?

No. It is a euro e-money account held with an Electronic Money Institution regulated by the Malta Financial Services Authority. E-money is regulated but is not covered by bank deposit protection schemes.

Before You Continue

Blackcat Card