Credits Debit Card Premium
A plan byCredits Debit Card · Mastercard
The Credits Debit Card is a virtual Mastercard issued by Credits, a European wallet provider offering multi-currency IBAN accounts and crypto services (Bitcoin, Ethereum, TRON). It is custodial: funds are held by Credits in segregated accounts. There is a free tier with a one-time 5 EUR registration fee and a Premium tier at 9.99 EUR/month; the FX markup runs up to 2% plus 0.60 EUR per transaction, with a 0.15 EUR local-payment fee. No cashback is offered. The annual fee is set to 0 because the virtual card has no dedicated yearly fee (the recurring cost, if any, is the monthly Premium plan). ATM withdrawal with the virtual card is not supported (0). License as stated on the official site: an FCA-UK-regulated IBAN provider since 2017 plus a FINTRAC MSB registration in Canada; some third-party sources attribute card issuance to Unlimint (Cyprus), so the regulatory picture is not unambiguous.
Premium
- fee_mensile_eur
- €10
Data & conditions
| Account fee | Free |
|---|---|
| Network | Mastercard |
| ATM withdrawal | Free |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA · 100+ countries |
| Regulator | FCA (UK) come provider IBAN dal 2017; FINTRAC (Canada) MSB |
| Segment | B2C |
| Funding / solidity | Credits is operated by Security and Exchange International Co Inc. (reg. 1001014352), a private company. It offers a multi-currency wallet with IBAN accounts, crypto services (BTC, ETH, TRON) and cards. Available to residents of 100+ countries; the debit card is currently available in Europe, with planned expansions to Brazil, Mexico, Hong Kong and the United States. |
| MiCA / License status | UK FCA-regulated IBAN provider (dal 2017)FINTRAC MSB (Canada) reg. C100000279 Credits operates as an FCA-UK-licensed IBAN provider since 2017 and as a Money Services Business registered with FINTRAC in Canada (reg. C100000279) for payment services and virtual-currency dealing. Custodial service with segregated accounts. |
Strengths
- Multi-currency IBAN accounts integrated with the card and crypto services (BTC, ETH, TRON)
- Low entry cost: one-time 5 EUR registration on the standard tier
- Free incoming SEPA transfers and internal transfers
- No notable sovereignty advantage documented.
Weaknesses
- No cashback or spending rewards
- Custodial service: funds are held by the issuer, not self-custodied
- Virtual card only, no physical card and no ATM withdrawals
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Credits operates as an FCA-UK-licensed IBAN provider since 2017 and as a Money Services Business registered with FINTRAC in Canada (reg. C100000279) for payment services and virtual-currency dealing. Custodial service with segregated accounts.): reporting to authorities and freezes on order.
Verdict
Weak protection. Custodial service with full KYC: funds are held by Credits in segregated accounts and the user depends entirely on the issuer. The regulatory framework (FCA-UK IBAN provider since 2017 + FINTRAC MSB Canada) offers limited and ambiguous guarantees, since some sources attribute card issuance to third parties.
Very low sovereignty. Custodial with full KYC and no self-custody: keys and funds stay with the issuer. It is not a cypherpunk solution nor suited to anyone seeking direct control and privacy over their assets.
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 the Credits Debit Card custodial?
Yes. Credits is a custodial service: funds are held by the company in segregated accounts protected under European legislation, not self-custodied with the user's private keys.
What does it cost and is there cashback?
There is a one-time 5 EUR registration fee on the standard tier and a 9.99 EUR/month Premium tier; the FX markup runs up to 2% plus 0.60 EUR per transaction. It offers no cashback.
Sources
- Official service page Licenses & registrations · Paese licenza · Issuer · Azienda · +11 Data verified on Jun 23, 2026
- todey.xyz Payment network · Card issuance fee · FX markup · Cashback · +2 Data verified on Jun 22, 2026