Metamask Metal CardMetamask Metal Card Review: 3% mUSD Back, $199 Annual Fee
The Metamask Metal Card pairs self-custodial crypto spending with 3% mUSD back on the first $10,000 spent each year. It can fit existing US MetaMask users who will use that full reward band and value a physical card. The $199 annual subscription, conversion fees on some assets, and temporarily paused new orders sharply narrow the audience.
At a glance
Pros & Cons
What the Metamask Metal Card is and how it works
The Metamask Metal Card is a physical Mastercard debit card for the US market. It spends against a token-specific cap from a self-custodial MetaMask wallet, so funds remain under the cardholder's control until a purchase is made.
This setup is the card's clearest distinction. It gives eligible MetaMask users a way to pay from crypto without first maintaining a separate custodial card balance, but it still requires basic KYC through Crypto Life and an active $199 yearly subscription.
Who should choose it, and who should skip it
Choose it if you already use MetaMask in the US, want a physical metal card, and expect to spend enough to make meaningful use of the first $10,000 reward band. The fit improves if you also use the supported hotel or US dining benefits.
Skip it if you want a fee-free card, prefer a simple flat reward, often spend assets that trigger conversion fees, or need to place a new order now. It is also less compelling for light spenders because the annual subscription is fixed regardless of how much of the 3% band you use.
The $10,000 reward threshold decides the value
The main reward is 3% in mUSD on the first $10,000 spent each year. That band can return up to $300. After the threshold, the rate falls to 1% in mUSD.
At exactly $10,000 of eligible annual spend, the headline reward is $300. Subtracting the $199 subscription leaves $101 before any conversion, gas, ATM, or operator fees. This is not a guaranteed net return, but it shows why the card works best for someone who can use most of the 3% band without creating extra costs.
A lighter spender gets less room to absorb the fixed fee. At $5,000 of eligible spend, 3% produces $150 in mUSD, which is $49 less than the annual subscription before any other charges.
Rewards beyond everyday spending
Hotel bookings made through MetaMask Card Travel, powered by Entravel, earn a total of 7% in mUSD. This can be useful for cardholders who would use that booking channel anyway, but it should not justify the annual fee unless the booking route fits their travel plans.
Eligible Blackbird dining purchases in the US earn 7X FLY per dollar spent. This reward is paid in FLY rather than mUSD, so it belongs in a separate value bucket from the card's everyday cash-back rate.
Fees and limits
The card has no foreign-transaction fee, but that does not make every crypto-funded purchase free. Conversion charges depend on the asset used, and small variable network gas costs can also apply.
The high purchase limits suit larger transactions, while the ATM fee allowance is more restrictive than the daily withdrawal ceiling. Withdrawing above $1,200 in a month triggers the card's 2% ATM fee even though the separate daily limit is $5,000.
| Item | Amount or limit | When it applies |
|---|---|---|
| Annual subscription | $199 | Renews automatically each year |
| Replacement card | $99 | When replacing the physical Metal card |
| ATM card fee | 0% up to $1,200 monthly, then 2% | ATM operator charges may also apply |
| Local-currency stablecoin conversion | 0% | Stablecoin currency matches both the cardholder and merchant country |
| Other-currency stablecoin conversion | 0.5% | Stablecoin is denominated outside the cardholder or merchant country's currency |
| DeFi or tokenized-yield conversion | 0% up to $1,200 monthly, then 0.5% | When spending a DeFi token or tokenized-yield asset |
| Other crypto conversion | 0.875% | When spending other cryptocurrencies |
| Foreign transaction | 0% | Card-level foreign-transaction fee |
| Network gas | Typically about $0.01, variable | Network cost when applicable |
| Purchase limit | $20,000 per transaction; $30,000 daily | Card spending |
| ATM limit | $1,000 per transaction; $5,000 daily | Cash withdrawals |
The drawbacks that matter most
The annual subscription is the central cost. The maximum $300 reward from the 3% band exceeds the $199 fee by only $101 before other charges, so the metal format and extra benefits need to carry real value for the user.
The reward rate falls to 1% after $10,000 of annual spend. That makes the product less attractive as a high-spend, flat-rate rewards card, even though its transaction and daily limits are high.
New orders are temporarily paused, which makes this review most immediately useful to existing cardholders. The $99 replacement fee also raises the cost of losing or damaging the physical card.
Card and market coverage
This review covers the single Metamask Metal Card variant listed for the US market. It is a physical Mastercard debit card with self-custodial spending, basic KYC, and the Metal reward and fee schedule.
There is no second variant in this product set to compare. The practical choice is therefore whether this one paid tier fits your spending, rather than which Metal option to select.
| Variant | Market | Form | Best fit | Main condition |
|---|---|---|---|---|
| Metamask Metal Card | United States | Physical Mastercard debit | Existing MetaMask users who can use most of the first $10,000 reward band | $199 yearly subscription; new orders paused |
Bottom line
The Metamask Metal Card has a focused proposition: self-custodial spending, a physical metal card, and 3% mUSD back within a defined annual band. Those benefits can work for an established MetaMask user who will spend close to $10,000 and use the travel or dining extras.
For everyone else, the math is tight. The fixed $199 subscription consumes most of the maximum $300 reward from the 3% band, while asset conversion fees and the later 1% rate can reduce the appeal further. Existing eligible users should judge the card on their actual spend mix; prospective users cannot place a new Metal order while the pause remains in effect.
Metamask Metal Card FAQ
Is the Metamask Metal Card worth it?
It can be worth considering for an existing eligible US MetaMask user who will spend close to $10,000 a year and values self-custodial funding. The $199 annual fee consumes most of the extra reward value, and new Metal orders are temporarily paused.
How much cashback does the Metamask Metal Card earn?
The card earns 3% in mUSD on the first $10,000 of annual spend, capped at $300 for that reward band. Spending above $10,000 earns 1% in mUSD.
What fees does the Metamask Metal Card charge?
The subscription costs $199 per year and a replacement card costs $99. ATM withdrawals are fee-free up to $1,200 per month, then cost 2%, while crypto conversion charges range from 0% to 0.875% depending on the asset and transaction conditions.
Can I order a Metamask Metal Card now?
New Metal Card orders are temporarily paused. Existing cardholders can still judge the product on its current reward, fee, and limit structure.
Does the Metamask Metal Card require KYC?
Yes. The US Metal Card requires basic KYC through Crypto Life.
What are the Metamask Metal Card ATM limits?
ATM withdrawals are limited to $1,000 per transaction and $5,000 per day. The card fee is waived on the first $1,200 withdrawn each month, after which a 2% fee applies, and the ATM operator may add its own charge.
