What is the Pulsar Card?
Pulsar is a stablecoin money app built for people who earn or hold digital dollars and euros and want to spend them like local money. You hold a USD balance funded 1:1 with USDT or USDC and a EUR balance funded 1:1 with EURC, both with no Pulsar funding fee and with network fees sponsored where available, and you spend them through a free virtual Visa Platinum that works in Apple Pay and Google Pay.
The design goal is narrow and sensible: pay for Spotify, Netflix, ChatGPT, Amazon and international purchases that a local card gets declined on, from a balance you funded with stablecoins, and pay no Pulsar FX fee at all when the currency you spend matches the balance you spend from. You can also move between USD and EUR inside the account, use account details for bank transfers, and earn yield on idle stablecoins.
The fee structure is the strongest part of this card
Three things stand out. First, 0% Pulsar FX fee on same-currency spending — USD from a USD balance, EUR from a EUR balance — with cross-currency spending at 1%. Second, 1:1 stablecoin funding with no Pulsar funding fee, including low-cost USDT on TRON. Third, no card transaction fee, no monthly fee and no virtual card issuance fee on the Free plan. Sponsored network fees on supported routes and gas-sponsored swaps, 100 a month on Free and 500 on Pro, round it out.
That combination beats the other cards in this directory on pure cost of ownership for anyone whose spending is in dollars or euros: Mine charges a 1.5% FX markup, Cashi reports 1% on non-USD conversion, and both are beaten by zero on matching currency. Where Pulsar gives ground is rewards, and the terms are the caveat to note: fees and FX markups "may change and are not fixed by a percentage stated in these Terms", with the in-app fee schedule and transaction confirmation governing. The 0% is real today, not promised forever.
Rewards are points, and the free tier is thin
Free earns the equivalent of 0.5% on the first $500 of eligible monthly spending and 0.25% after that; Pro, at $9.99 a month or $99.99 a year, lifts that to 2% on the first $1,000 and doubles points at selected merchants such as Bolt, Uber, X, Claude and ChatGPT for the advertised maximum of 4%. Points are claimed against an eligible transaction rather than paid automatically, and they redeem as a USDC purchase refund.
Pulsar's own terms describe the limits plainly: Points may be conditional, non-transferable or unavailable in some countries, and have "no cash value, ownership, governance, equity, revenue-share or redemption right unless the applicable promotion terms expressly create one". So this is a promotional points programme attached to a card, not a contractual cashback rate — the opposite of Cashi, where the cashback schedule is written into the legal terms but the cashback is locked as spending credit. Pulsar gives you the better fee structure; it gives you the weaker reward promise.
The card itself is a Wirex programme
The card you actually receive is a virtual Visa Platinum issued under Wirex terms — an independent reviewer captured the Wirex terms screen that Pulsar shows before opening identity verification, and third-party commentary names Wirex Limited in London as the entity behind Pulsar's client card. Pulsar is explicit that it is the software and integration layer and that "each regulated or third-party feature is supplied by the exact legal entity identified in its Feature Schedule and separately accepted terms". The exact Wirex Group entity can depend on your country, so the terms you accept in the app are the ones that govern your card.
The company behind the app is Pulsar Money SRL, registered in Sibiu, Romania under CUI 50067481, trade registry J2024000942322. Pulsar states it is "not a bank, payment institution, electronic money institution, card issuer, crypto-asset service provider or custodian", and that amounts shown in USD or EUR may represent stablecoins or other balances rather than money held by Pulsar or a bank deposit. It is a MiCA-oriented European product, partnered with Circle, and among the first consumer finance apps on Arc, Circle's stablecoin-native Layer-1, with USDC and EURC swaps expected to run on Circle's StableFX engine.
Custody is genuinely unclear, and the terms say so on purpose
Pulsar's launch release describes its virtual Visa cards as "tied to non-custodial accounts", a third-party directory calls the USD and EUR accounts self-custodial, and the wallet infrastructure is Privy. But Pulsar's terms refuse a blanket label: section 7.1 is headed "No blanket custody label" and says a wallet described as self-custodial or non-custodial "applies only to the disclosed configuration and does not mean that no signer, owner, provider, policy engine, recovery service or smart-contract role can affect transactions or access". Each wallet is supposed to be described by its actual control configuration in a Wallet Control Schedule before it is created, covering beneficial ownership, signers, quorum, revocation latency, recovery and insolvency consequences.
Meanwhile the reviewer who actually holds the card characterises custody as "mixed" and scores the provider 3.4 out of 5 on trust and custody. The honest reading is that Pulsar's wallet side is disclosed as non-custodial while the card balance and its provider relationship sit under Wirex terms — a hybrid in practice, with a schedule you should read before depositing anything you would miss.
Yield, and the risk that goes with it
Pulsar advertises around 5.2% APY on stablecoins through curated DeFi strategies, with partners in the ecosystem including Euler, Arbitrum, Avalon Labs, xMoney, Sei, Satlayer, Linera, Untold and Bitget. The terms are appropriately direct: Earn is not a bank deposit or guaranteed savings product, principal, yield and liquidity are not guaranteed, the Vault Schedule must disclose the protocol, curator, performance and management fees, gas costs and calculation window, and withdrawals can be delayed, partially filled, executed in kind, gated, capped or paused. Read the vault schedule before switching Earn on, not after.
Rollout status
Pulsar's site still runs "Get Early Access" calls to action and its FAQ says launch is targeted for Q2 to Q3 2026, while its press release says the waitlist is open for early access. At the same time, an independent reviewer completed verification, received the card and made a successful purchase in October 2026 — so the card works, and the consumer rollout is being opened market by market. Country figures differ across Pulsar's own documents, from 110+ to 130+ countries, against a published positive list of 76 card-eligible countries that a reviewer worked through. Verify your own country in the app rather than trusting any list, including ours.
How it rates
Four stars, Tier-2. Pulsar has the best everyday cost structure of the recent cards we have listed — 0% on matching-currency spending, 1:1 funding with no Pulsar fee, sponsored network costs, no card or monthly fee, both mobile wallets supported — and the card is live, verified by an independent reviewer with a real purchase, behind a named Romanian entity and a named Wirex card programme.
It is held off five stars by the reward programme rather than the card: Free returns 0.5% on only the first $500 a month, points must be claimed rather than accruing, and the terms disclaim any cash value or redemption right. Add 1% on cross-currency spend, virtual-only with no physical card, fee percentages the terms explicitly refuse to fix, a custody model that is disclosed per-wallet rather than simply stated, yield that is not guaranteed, and a rollout still described as early access on its own site.
Weigh it against Cashi Card, which pays cashback in USD value but locks it, or Mine Card, which publishes a fixed fee table, or browse the full crypto cards directory.
