DeCard DeCard Luminaries
A plan byDeCard · Visa
DeCard is a custodial Visa card launched by DCS Card Centre, a MAS-regulated card issuer in Singapore (founded 1973), that lets users spend USDC and USDT stablecoins at 150M+ merchants. Stablecoin-to-fiat conversion runs through MAS-licensed DPT service providers, with Standard Chartered acting as principal banking partner for top-ups and settlement. The virtual card is free and the physical card costs US$10/S$10 with no annual fee; foreign spending carries a 1.8% FX fee and ATM withdrawals cost 1% or US$5 (whichever is greater). A premium tier, DeCard Luminaries (US$388/year), adds up to US$200/month cashback and airport lounge access.
DeCard Luminaries
- Issuance fee
- €100
- Cashback
- 10%
- fee_annuale_eur
- €388
The number that matters
The banner cashback isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
§ Amounts in USD/GBP are shown in the service's native currency.
| Network | Visa |
|---|---|
| Fund custody | Custodial (platform holds funds) |
| Issuance fee | €100 |
| Annual fee | Free |
| Free ATM limit | 1% of withdrawal or US$5 (whichever is greater) + ATM operator fees |
| ATM withdrawal | 1% |
| FX markup | 1.8% |
| Cashback | 10% · Nessuno |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 3/10 |
| Supported countries | APAC |
| Estimated net annual cost | €0/year |
| Regulator | MAS (Singapore) |
| Segment | B2C |
| MiCA / License status | MAS-regulated card issuer (DCS Card Centre)Settlement via MAS-licensed DPT service providers |
Strengths
- Strong regulatory framing: MAS-regulated DCS issuer, settlement via licensed DPT providers and Standard Chartered as banking partner
- Direct USDC/USDT spending on Visa at 150M+ merchants, with a free virtual card
- Digital-asset conversion at market rate (0% markup) and no annual fee on the base tier
- No notable sovereignty advantage documented.
Weaknesses
- Custodial model: funds are converted through intermediaries, no self-custody of keys
- Singapore/APAC focus tied to the MAS ecosystem, with full KYC onboarding (e.g. Singpass)
- No cashback on the base tier; cashback and perks require the US$388/year Luminaries premium tier
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
Solid regulatory framing: issuer DCS Card Centre is MAS-regulated in Singapore, settlement runs through licensed DPT providers and Standard Chartered as banking partner. It remains a custodial model with full KYC and no self-custody of keys.
Low sovereignty: stablecoins are converted through custodial intermediaries at the point of payment, with full KYC (e.g. Singpass) and no direct control of private keys.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is DeCard custodial or self-custody?
It is custodial: USDC/USDT stablecoins are converted to fiat through MAS-licensed DPT providers at the point of payment, so you do not retain self-custody of the keys.
Which stablecoins and network does it support?
It supports USDC and USDT on the Visa network, accepted at 150M+ merchants; digital-asset conversion happens at market rate with no markup.
Sources
- help.thedecard.com Fee emissione · Fee annuale · Fx · Atm · +2 Data verified on Jun 23, 2026
- visa.com.sg Plans & pricing · Supported currencies Data verified on Jun 23, 2026
- sc.com Azienda · Regulator · Licenses & registrations · Regione Data verified on Jun 22, 2026
- todey.xyz Payment network · Custodial · Stablecoin · Virtual · +1 Data verified on Jun 22, 2026