What is the Hyperbeat Pay Card?
The Hyperbeat Pay Card — referred to in Hyperbeat's own terms as the Hyperbeat Card — is a Visa card attached to a self-custodial onchain account on Hyperliquid. It went live in April 2026 as part of Liquid Banking, Hyperbeat's bid to replace the CEX, bank, broker and lending desk with one programmable account on HyperEVM. It is not a waitlist product: you sign up, verify identity in under five minutes, and the virtual Visa is issued in the app.
What separates it from every other card in this directory is that it has two spending modes and only one of them spends your money:
- Cash mode — spend USDC or USDT you already hold, settled from your onchain balance. No loan, no interest.
- Credit mode — deposit native BTC, HYPE, ETH, SOL, beHYPE or USD+ as collateral, then spend on credit without selling a single token. Your collateral keeps earning while you spend.
Credit mode runs on just-in-time borrowing through dedicated Morpho Blue markets on HyperEVM. You tap the card, the infrastructure borrows against your collateral up to a cap you whitelist, and you never open a lending interface. Hyperbeat's Terms are unusually clear about one thing most "crypto credit cards" fudge: the issuer does not extend credit to you. Third National issues the card under a Visa licence, and the credit itself is extended through third-party decentralised borrowing protocols, with limits set by smart-contract parameters and displayed in the Pay interface.
Who actually runs it
The platform is provided and operated by Zoeion Ltd Corporation, a corporation registered in Panama City (the App Store lists it as the app's provider). The card is issued by Third National pursuant to a licence from Visa, and a Hyperbeat Pay Cardholder Agreement governs the card relationship itself. The account itself is not a bank account: funds sit in a ManagementAccount smart contract on HyperEVM controlled by your passkey, not on a company balance sheet.
What "self-custodial" means here
It means more than a marketing line, and the mechanics are worth understanding before you load real spend onto it. You sign in with a passkey, no seed phrase. The operator receives only a capped settlement permission — enough to settle valid card payments within the allowance you grant, but not enough to move assets to arbitrary addresses. Third-party reviewers note that the settlement token carries a default one-day withdrawal cooldown so pending Visa transactions can clear, and that the account contract is a UUPS upgradeable proxy with centrally administered registries and parameters.
In other words: the custody model is genuinely yours, the contract architecture is not immutable, and card settlement necessarily involves delegated authority. Hyperbeat publishes Zellic and Nethermind audits, which reduce implementation risk but do not insure balances against protocol, upgrade, issuer or operator risk.
Cashback that scales with trading, not with a marketing budget
Hyperbeat rebuilt card rewards around account activity in August 2026. Everyone starts at 0.20% on all card spend with no minimum, then four boosters add 0.20% each — two for holding ($1,000 and $10,000) and two for spending ($1,000 and $10,000 over a rolling 30 days) — taking an active user to a 1.0% everyday rate. On top of that sits a rolling 30-day trading volume ladder: 3% at $1M, 5% at $5M, 8% at $10M, 10% at $25M and 12% at $50M+, applied to spend up to a cap that grows with the tier, with anything beyond the cap falling back to your everyday rate. Campaign rates stack and the best rate wins per dollar. Referrals pay a share of your invitee's trading revenue and their cashback for twelve months, tiered by your network's volume.
This is a genuinely unusual rewards design, and it means the headline 12% is not the realistic rate for a normal spender. A user who holds $1,500 and puts $1,400 a month through the card earns 0.60% — about $8 a month. The 3% and 5% tiers are reachable for people who already trade on Hyperliquid; 12% requires $50M of rolling volume.
The account around the card
Card spending is one function of a broader account: Hyperliquid spot, perpetuals, equity perps and index perps from the same balance (Hyperbeat advertises up to 40x leverage and TradingView charts), savings balances with a claimed yield of up to 8% APY, native multi-chain deposits (BTC, ETH, SOL and 15+ assets without a CEX or wrapped IOUs), and fiat rails — ACH, FedWire and SWIFT for dollars, SEPA for euros — with each account getting its own IBAN and virtual account details. Off-ramp currencies added in September 2026 include PHP, AUD, PLN, ZAR and MXN.
Where it sits in this directory
A Tier-2 placement reflects a card that is genuinely live, issued under a real Visa licence, built on a disclosed custody model and backed by published audits — with real caveats on the other side: a young operator, a Panama-incorporated platform, an upgradeable account contract, rewards paid in a native token, credit that carries interest from the moment you spend, and FX and ATM fees documented by third-party trackers rather than by Hyperbeat itself.
If you want a self-custodial Visa with a published fee schedule and no token rewards, compare the defi.com Stablecoin Card or Gnosis Pay. For the rest of the field, see the crypto cards directory.
