Zeal Card

What the Zeal Card is

Zeal is a self-custodial software wallet that connects to the Gnosis Pay Visa debit card, so the card is not issued by Zeal itself. The app is where you order, connect and manage the card, track cashback and control auto-recharge — you can either order a new Gnosis Pay card through Zeal or connect one you already hold.

Who actually issues and regulates what

That split matters. The card is managed by Gnosis Pay Co Ltd, a UK-registered company, and issued by Monavate Limited under licence from Visa Europe. Monavate is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. Euro bank transfers are processed by Monerium, an authorised EMI and Virtual Asset Service Provider supervised by the Central Bank of Iceland. Zeal describes itself plainly: self-custodial software that is not regulated in any jurisdiction.

How the rewards work

Cashback is paid in GNO on Gnosis Chain, and eligibility depends on holding GNO in your Gnosis Pay Safe — the more GNO you hold, the higher the rate, up to 4%. That means the headline rate is a function of a token position, not just spending volume.

Where Zeal adds value

Three things stand out. Foreign spend uses Visa's wholesale exchange rate with no additional Zeal markup. SEPA deposits and euro transfers through Monerium cost 0%. And auto-recharge tops the card up from balances parked in Sky or Aave earning up to 5.1% APY, so you do not have to keep a large float on the card.

Zeal fronts the Gnosis Pay Visa from a self-custodial wallet and pays up to 4% cashback in GNO, with no Zeal FX fees on foreign spending. The underlying platform is Gnosis Pay itself, and Ready is the nearest self-custody alternative on Starknet. Our Best Crypto Cards directory compares the two.

Card management

• Order a new Gnosis Pay card through Zeal for free, or connect an existing one.
• Create virtual cards instantly and add them to Apple Pay and Google Pay.
• Manage several cards at once from one app screen.
• Set spending limits and pause the card at any time.

Notifications and tracking

• Instant alerts for every purchase.
• Live cashback tracking showing the rate earned per transaction and when rewards land.
• Spend summaries to spot unusual purchases.

Auto-recharge and yield

• Set a target card balance and let Zeal top it up automatically.
• Source the top-ups from high-yield accounts in Sky or Aave rather than idle cash.
• Earn up to 5.1% APY on EUR, USD, CHF or ETH balances, with no lock-up.

Banking rails

• Receive SEPA transfers from anyone into your own IBAN and BIC/SWIFT details.
• Send EUR to any IBAN with 0% fees, processed by Monerium.
• Withdraw whenever you want — there are no lock-up periods on the earn side.

What backs the card

The Gnosis Pay card spends from a Safe you control, typically holding EURe, the euro-denominated stablecoin issued by Monerium, so card payments settle from stablecoin balances rather than a custodial euro account. Euro bank rails through Monerium connect that on-chain balance to ordinary IBAN transfers.

Earn assets

Zeal's yield accounts work with EUR, USD and CHF balances, plus ETH, and are powered by Sky and Aave — for example EURe and sDAI positions. Yield is variable and reflects live protocol rates rather than a fixed promise.

GNO and the cashback link

GNO is the token that determines your cashback rate. Holding it inside the Gnosis Pay Safe is what makes you eligible to earn, so the card effectively bundles a token position with your spending.

Card costs

• Ordering a Gnosis Pay card through Zeal: free
• Zeal FX markups: none — Visa's wholesale rate applies to other-currency spend
• ATM withdrawal fees: set by Gnosis Pay, not Zeal, per their published fee schedule

Cashback costs nothing but depends on GNO

Cashback is paid in GNO and requires you to hold GNO in the Gnosis Pay Safe. The rate scales with how much GNO you hold, up to 4%. Gnosis Pay manages the programme and can change the rates, so treat the headline figure as conditional rather than contractual.

Banking costs

SEPA deposits are free, sending EUR to any IBAN is 0%, and the transfers are processed by Monerium under Icelandic EMI supervision. Other bank transfers run through Unblock LT UAB, registered in Lithuania as a VASP.

Where risk sits

Yield balances sit in DeFi protocols and are explicitly not protected by any government or private deposit insurance; Zeal warns that principal is at risk. The card itself is the regulated part of the stack — Monavate under FCA rules — and Zeal states it is not regulated in any jurisdiction.