Rain Card
Rain
Rain is a card that pays cashback in USDC, operates as a Visa Principal Member and is available across more than 150 jurisdictions. It remains an early-stage product, with a B2B2C model and still limited operational data.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | US, EEA · 30+ countries |
| Regulator | multiple state regulators (Money Transmitter) |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | VASP/CASP |
Plans & pricing
Strengths
- Cashback in USDC stable; Visa Principal Member; 150+ jurisdictions.
- No notable sovereignty advantage documented.
Weaknesses
- Early-stage; dati operativi limited.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
The B tier reflects a promising setup: Visa Principal Member status, oversight by multiple state regulators as a Money Transmitter, and USDC cashback across more than 150 jurisdictions. Caution stems from the product's early-stage nature, its B2B2C model and still limited operational data, plus its unavailability in Italy.
On sovereignty Rain offers a good privacy score and coverage across Avalanche, Ethereum and a multi-blockchain setup, giving on-chain room. But full KYC and centralised custody, combined with anchoring to freezable USDC, keep the user within the issuer's control perimeter, with no real keys of their own.
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 Rain Card a real bank?
Rain Card operates under a VASP/CASP licence (BH). The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with Rain Card?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Rain Card support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Rain Card support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Rain Card?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework Data verified on Jun 13, 2026
- listings.ratex42.com Issuer Data verified on Jun 14, 2026
- rain.xyz Company profile · Trust & safety · Issuer · Plans & pricing Data verified on Jun 14, 2026