Peanut.me Card Review 2026

Our full review

The Peanut Card is a virtual Visa card from Peanut, built by Squirrel Labs, that you fund from your own USDC balance and spend wherever Visa is accepted, around 150 million merchants. We tested it in closed beta. The distinguishing trait is custody: your stablecoins sit in a passkey-secured smart wallet you control, and Peanut states it does not hold or lend out your funds. The card is simply the newest way to spend that balance.

Fees

Per Peanut's own fee schedule, creating the card is free and there are no monthly or annual fees. Same-currency purchases add nothing. When a purchase converts to another currency, Visa applies its network rate plus a 1% ISA (International Service Assessment), a standard Visa network fee, not a Peanut markup. For a real spender that means USD spend costs nothing extra, while non-USD spend runs about 1% over the Visa rate. Peanut advises always choosing to pay in local currency to avoid worse merchant conversion.

Custody and everyday use

This is a genuinely non-custodial setup: funds stay in your smart account until the moment of payment, and the passkey lives in your phone's Secure Enclave. Identity verification (handled by Persona) is required for all cardholders. ATM withdrawals carry no Peanut fee, though the ATM operator sets its own charges and limits. In Latin America, combined fiat activity is capped at $2,000/month unless you submit extra documentation; the US, Europe and Mexico have no hard limit.

The catch

There's no cashback and no physical card, this is a virtual Visa only, and it's invite-gated: Peanut is admitting roughly 20 beta users a week. The one incentive is a $10 welcome credit after you verify and spend your first $100. If you use our referral code "zeshan", we may receive a referral credit at no cost to you, treat that as a disclosure, not a recommendation.