Pyra has shut down. Withdraw funds by September 15, 2026.
PYRA card HOLD. EARN. SPEND
CARD FEATURE OVERVIEW.
| W BONUS | NONE |
|---|---|
| REG FEE / REQ | FREE |
| CASHBACK | 0% |
| NEED KYC | YES |
| FX FEE | UP TO 2% |
| APR / YIELD | YES |
| CARD TYPE | VIRTUAL AND PHYSICAL CARD |
| CARD NETWORK | |
| BLOCKCHAIN | |
| REGION | |
| WALLET TYPE | NON CUSTODIAL |
| MOBILE PAY | YES |
| BANK TRANSFER | NO |
| ATM LIMIT | NOT DISCLOSED |
| DAILY LIMIT | NOT DISCLOSED |
THE REAL STORY ON THIS CARD.
- NO ANNUAL FEE
- NON CUSTODIAL
- MULTI REGION SUPPORT
- Liquidation protection
- DeFi loan to cover the transaction
- spend credit instead of selling assets
- ONLY SUPPORTS SOLANA
- NO IBAN
- UP TO 2% FX FEE
- NEED KYC
- Daily limits not provided
GENERAL QUESTIONS.
Traditional crypto cards require you to sell your investments (like SOL, BTC) for fiat or stablecoins in order to spend. Instead of selling, Pyra takes out a DeFi loan to cover the transaction whenever you pay with your card. DeFi loans are an on-chain, overcollateralized line of credit secured by your crypto assets. Because they’re used as collateral, your deposits stay earning yield in DeFi even after you pay.
Basically, you spend credit instead of selling your assets - so you keep earning yield, benefit from all price increases, and don’t incur capital gains tax.
Pyra uses a smart contract on Solana to provide yield on your assets and DeFi loans for your card or withdrawals. Pyra loans are powered by Drift which aggregates user funds into lending pools. You earn interest in the form of yield for providing collateral to this pool, and pay interest when you borrow assets from it.
All DeFi loans are always over-collateralized, so if you want to borrow funds, you must have more than enough collateral to cover the value of your loan. This means that unlike with a fiat bank, DeFi protocols cannot lend out more money than they have received, and if users don't repay their loans their collateral is simply liquidated to cover the debt.
You can use your Pyra card anywhere Visa is accepted, both online and in-person at over 42M+ merchants worldwide. You can pay in any fiat currency supported by Visa, and we can accept KYC information from more than 75 countries, with more regions being added soon.
Capital gains tax is a tax on the profit made when selling an asset. With Pyra, you borrow against your assets instead of selling, so you don't create a taxable event. Capital gains tax law is dependant on regional tax legislation, so get professional advice from a tax advisor to see how disposals are treated in your jurisdiction.
All loans on Pyra are overcollateralized, so there are no credit checks or pulls required to apply for or use your Pyra credit card.
Pyra charges no spend, top-up, sign-up, maintenance, liquidation, or hidden fees. 1 USDC = $1 USD. The only fees are:
0.5% fee on collateral swaps
0.5% fee on bank transfers
1.2 - 2% foreign exchange fee on non-USD card transactions (the more you spend, the lower the fee)
