A prepaid Mastercard that turns crypto into AUD, only if you can get one

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

The CoinJar card is a prepaid Mastercard that draws on a “Spendable Balance” inside your CoinJar Everyday Account. You pick a cryptocurrency as your Spend account, the app converts it to Australian dollars at CoinJar’s rate when you tap or insert the card, and what the merchant sees is a normal AUD payment. It is free to issue, free to replace, and it works with Apple Pay and Google Pay out of the box. The catch is the access: the card page itself does not publish an eligibility list, and the product disclosure statement ties the card to verified Australian residents only. If you are outside Australia, the official documents give you nothing to work with.

Conditions are current as of October 28, 2026.

Verdict

I have looked at the card’s official pages, the product disclosure statement (PDS) that EML Payment Solutions Limited files for the programme, and the public complaint record. The card is honest about what it is: a single-tier prepaid AUD Mastercard whose value comes from convenience rather than rewards. It earns back its 1% purchase fee as CoinJar Rewards points, the foreign-transaction fee is a flat 2.99% on top of the Mastercard rate, the ATM fee is 1%, and the issuer dispute fee is $27.50 if your claim is unsuccessful. There is no monthly fee and no card fee. Compared with multi-tier rivals that pay cashback and offer richer perks, the everyday economics are thinner; compared with custodial risk, the regulatory footing is reasonable because the card sits behind an Australian Financial Services Licence.

I scored the card 5.5 out of 10. The mark-by-mark breakdown:

The audience the card fits best is an Australian resident who already has a verified CoinJar account, holds crypto there, and wants a low-friction way to spend it in AUD without a separate sale step. If you are outside Australia, if you want cashback in fiat, or if you need a card that works across multiple regions, the score reflects that the product was not built for you.

Will they give you the card

The card’s own page does not say who is eligible, and that absence is the first thing to notice. The information does exist, but it lives in the PDS rather than in the marketing copy. The PDS, dated 2021 and still the document EML files for the programme, restricts the card to people who are 18 or older, an Australian resident, and hold a verified CoinJar account. Three conditions, all of them must be true at the same time.

A few things follow from that. “Australian resident” in this context is the issuer’s term, not a citizenship test: the PDS ties eligibility to residence, so a non-Australian citizen living in Australia can qualify once their account is verified, while an Australian citizen living abroad does not. “Verified CoinJar account” means you have cleared the exchange’s identity checks; the card cannot be a way to skip that step, because the card is gated by the same gate. The card page does not list the documents you will be asked for, and it does not publish rejection reasons, so the practical reality is that you will only find out what the issuer counts as enough by trying.

There is also a quiet question of geography. News releases from 2021 and 2022 describe an Australian launch and a separate United Kingdom GBP card, but the live card page I read does not surface a country selector, and the PDS in force at the time of writing is the Australian one. If you are reading this from outside Australia and wondering whether the card is available where you live, the honest answer is that the official pages do not commit to anything else; any other geography is not stated on the card’s documents.

How to get it

The flow is the same as opening the underlying CoinJar account, because the card sits on top of it. You create a CoinJar account, complete verification, ask for the card inside the app, and the digital card is provisioned immediately. The physical card is sent to you afterwards; the issuer does not list a delivery country set or a delivery window in the card documents, so the only commitment you have is “free” — both the initial card and any replacement are free of issue fees in the PDS fee table.

There is no separate application form for the card that I could see, no identity document upload that the card adds on top of the account verification, and no credit check, because the card is prepaid rather than credit. The product is a prepaid reloadable Mastercard in AUD, with one tier only: a digital card plus a free physical card. Apple Pay and Google Pay work once the card is provisioned, and that is the only wallet support the documents list.

The point to be careful about is timing. The card page does not publish a “from verified to card-ready” window, and rejection reasons are not stated, so you should not treat the card as an instant second identity channel. If your account verification is held up, the card will be held up with it.

Fees and what a CoinJar payment really costs

The fee table is the friendliest part of the card, because the headline items are zero. Card issuance is free. The replacement card is free. There is no account-keeping fee, no monthly fee, and no annual fee in the PDS fee table. What you pay is on the activity side, and that is where the table becomes more interesting.

To make the table feel less abstract, three everyday payments:

• A $100 AUD grocery shop in Melbourne. No foreign-transaction fee, no ATM fee, no dispute fee. You pay a 1% purchase fee, which is returned to you as 100 CoinJar Rewards points. The points can be used to offset a future trade or redeemed in the Rewards Store. Net extra cost: zero in cash, with a small earn rate that depends on how you use the points.
• A €120 dinner in Paris. The card converts AUD to EUR at the Mastercard rate, then adds the 2.99% foreign exchange fee on top. On top of that, CoinJar sells the crypto you chose as your Spend account at its own rate, with its own trading fee. So the cost of paying abroad is the FX fee plus the spread and trading fee baked into the conversion. If the price of your crypto has moved against you between top-up and spend, that movement is on top.
• A $200 AUD cash withdrawal from an ATM. The ATM fee is 1% of the withdrawal, so $2 on this transaction, charged by CoinJar. The ATM operator may also charge its own fee, and that is on top. The card page mentions neither an ATM free allowance nor a refund for the operator fee, so the 1% is a floor, not a ceiling.

A second point worth marking down: refunds. When a merchant refunds a card purchase, the refund is paid into the CoinJar Everyday Account in AUD, not in the original crypto. So if you bought something with bitcoin and the merchant refunds it three weeks later, you do not get bitcoin back; you get Australian dollars, at the AUD value the merchant’s refund settles at. The PDS spells this out.

Top up and funding

Topping up the card starts with choosing a cryptocurrency as your “Spend” account inside the CoinJar app, and the card then auto-converts that crypto to AUD at CoinJar’s rate when you spend. The card does not show a balance of its own; it draws on the Spendable Balance of the CoinJar Everyday Account, which is the AUD value of the crypto you assigned to it. There is no separate top-up button, no manual transfer step, and no minimum top-up that the card documents state. The card top-up fee, the minimum, and any network fees are not stated in the card documents, so the only cost you can be sure of is CoinJar’s normal trading fee when it sells the crypto to fund your purchase.

The list of supported coins and networks is not disclosed on the card page. A 2021 launch press release talked about 30 digital currencies with a flat 1% conversion rate, and a 2026 CoinJar blog post still describes the card in broadly the same terms, but the live product page I read does not publish the current list. The practical consequence is that you should not assume any specific coin works; you confirm it in the app, on your own account, before relying on the card.

When the card is cancelled, either by you or by the issuer, the remaining value is paid into the CoinJar Everyday Account in Australian dollars once no pending authorisations remain and you ask CoinJar to release it. The issuer can cancel the card with 14 days’ notice; it can cancel immediately if it suspects misuse or false information. The PDS does not commit to a settlement time once cancellation is processed, so it is worth treating the AUD refund as something that arrives in days, not minutes.

Paying with it every day

Once the card is in your phone, everyday use is the part CoinJar gets right. Apple Pay and Google Pay are supported, and the card is tokenised into the mobile wallet, which means a tap-to-pay flow that feels like any other contactless card. Contactless transactions under $100 AUD do not require a PIN, which is the standard Australian contactless limit. The PIN is set inside the app, and you can change it there as well.

The CoinJar app itself runs on iOS and Android, and the card sits in the same app that holds your trading account, so you freeze the card, view history, change the PIN, and add it to a wallet from one place. Unofficial app store scores I read on third-party sites were App Store 4.1/5 from around 123 reviews and Google Play 3.91 from roughly 2.6 thousand ratings, neither of which is confirmed by the issuer; treat those as unofficial.

On the rewards side, the model is small but worth understanding. Every $1 AUD spent earns 1 CoinJar Rewards point, and points can be applied against future trades on the exchange or redeemed in the Rewards Store. The 1% purchase fee is the same number, so the card is, in effect, a fee that returns to you in points. The value of a point depends on what you redeem it for; if you spend the points on trading-fee offsets, the value is straightforward, and if you redeem them in the store, it depends on what is in the store. The card page does not publish an exchange rate for points to fiat.

If a transaction goes wrong, the dispute path is documented. Chargebacks follow Mastercard’s scheme rules, and you notify EML as soon as possible, generally within 90 days of the transaction; if EML asks for more information, you have 10 days to provide it or the chargeback can be lost or reversed. If the dispute is unsuccessful, you are charged $27.50 AUD per transaction. EML aims to resolve complaints within 5 days, otherwise within 30 days, and if you are still unhappy you can escalate to the Australian Financial Complaints Authority. The full contact email is [email protected].

Two things the card documents do not list: the merchant category codes that the card blocks (gambling is a common block on cards of this type, but the policy is not stated here), and any insurance or purchase protection attached to the card.

What can go wrong

The risks worth thinking about are the ones the documents do not discuss. The card is custodial: your crypto sits inside CoinJar, and the AUD value of your card sits inside the CoinJar Everyday Account. The card itself is issued by EML Payment Solutions Limited, with CoinJar Australia Pty Ltd as the authorised representative; that is the regulatory structure, and it is reasonable, but it does not change the underlying fact that you are trusting a custodian with your funds until the moment you spend.

The complaint record I found is mostly about the exchange, not the card. CoinJar’s Trustpilot score for coinjar.com is 3.3/5 from 2,549 reviews, with 17% one-star, read on 2026-10-20. The themes that show up in negative reviews over the second half of 2026 are transfers and withdrawals held “under review”, Travel Rule holds that pause Bitcoin transfers for several days, identity re-checks and account freezes, and slow support response times. There is a single card-specific complaint in that record, an 18 October 2026 review reporting that a virtual Mastercard was “constantly having technical issues”, which is a small data point but the only one I found. CoinJar replies to every negative review on the platform, which is a meaningful sign of effort; it does not change the fact that the underlying experiences are reported.

A second risk is regulatory. The card programme is licensed through an Australian Financial Services Licence (404131) and is tied to a PDS that has been in force since 2021. The news record I read does not flag a 2026 programme change, and a CoinJar blog post from February 2026 still describes the card, so there is no public signal that the programme is being shut down. But the broader pattern for crypto cards is that issuers and networks can end programmes quickly, with Visa terminating its global agreements with FTX in November 2022 and the FTX US debit card programme winding down through its issuer afterwards. CoinJar’s situation is different, and the regulatory position is firmer, but the category-level risk of programme closure is real and worth pricing in.

A third is the conversion path. The card draws on a Spend account, and CoinJar sells your crypto at its own rate when you spend, with its own trading fee. If the price of your crypto has fallen between the time you set the Spend account and the time you spend, you bear that loss, and you bear it on top of the 1% purchase fee. The PDS does not offer a way to lock in a rate at top-up; the conversion happens at the moment of purchase.

Finally, on the support side, the documented contact paths are [email protected], the issuer at [email protected], and the help center at support.coinjar.com. The PDS commits to a complaint resolution window but not to a live-chat or phone channel, so if you have an urgent issue, the practical option is email and the app’s help flow.

What to take instead

If the CoinJar card does not fit, the three alternatives I read in the same space are MSX, the Bybit Card, and MEXC. They are different products for different readers, and the trade-offs are easier to see in a table than in prose.

A few things to read off the table. The Bybit Card is the broadest in geography and the most layered in rewards, with tiers that go up to 10% on crypto-funded spending for the Infinite tier and a 2% floor at Base, but the published fee schedule is dense and the regional cards differ enough that you need to read the table for your own region rather than rely on a summary. MEXC is virtual-only at the time of writing, with a 4% to 10% cashback paid in USDT by the 15th of the next month, which makes it more useful for users already trading on MEXC than for someone who needs a physical card. MSX’s public information is thin enough that I could not write a fact-grounded comparison for it, and the score reflects that gap.

If you are choosing on geography, CoinJar is the only one of the three with a clean Australian story. If you are choosing on rewards, the Bybit Card’s higher tiers are more rewarding for crypto-funded spend, with the caveat that fiat-funded spend stopped earning points on 5 October 2026. If you are choosing on simplicity, CoinJar’s single-tier, fee-free design is the most straightforward of the four.

Who I would recommend it to

I would recommend the CoinJar card to an Australian resident, 18 or older, who already has a verified CoinJar account and holds crypto there, and who wants a low-friction way to spend that crypto in AUD without doing a manual sale before each purchase. The card is free, the everyday use is straightforward, the regulatory footing is real, and the 1% purchase fee is returned as Rewards points rather than vanishing.

I would not recommend it to readers outside Australia, because the official documents do not commit to anything else. I would not recommend it to readers who want meaningful cashback in fiat, because the earn rate is points, not cash, and the value of a point depends on how you redeem it. I would not recommend it to readers who want a multi-currency or multi-region card, because the product is AUD-only on the documents I read. And I would not recommend it to readers who are uncomfortable with custodial risk, because the funds sit in CoinJar until the moment you spend.

If you are on the fence, the question to ask yourself is simple: do you already hold crypto in CoinJar, and do you want to spend it in AUD without selling first? If yes, the card does that job. If no, one of the alternatives will fit better.

Frequently asked questions

What is the CoinJar card?

The CoinJar card is a prepaid reloadable Mastercard issued in Australian dollars by EML Payment Solutions Limited, with CoinJar Australia Pty Ltd as the authorised representative. It draws on the AUD value of a cryptocurrency you choose as your “Spend” account inside the CoinJar app, converting at CoinJar’s rate when you spend.

How does the CoinJar card work?

You pick a cryptocurrency as your Spend account, the app keeps an AUD-equivalent Spendable Balance in your CoinJar Everyday Account, and the card pays merchants in AUD. CoinJar sells the crypto at its own rate at the moment of purchase, with its normal trading fee applied on top of the card’s 1% purchase fee.

Is CoinJar a bank?

No. CoinJar is a cryptocurrency exchange, and the card is issued by EML Payment Solutions Limited, an Australian Financial Services Licence holder (AFSL 404131), with CoinJar Australia Pty Ltd as the authorised representative. Funds on the card are not bank deposits and are not covered by Australian deposit guarantee arrangements.

Who owns CoinJar?

The card programme is run by EML Payment Solutions Limited, an Australian-licensed payments company. CoinJar Australia Pty Ltd is the authorised representative that markets and supports the card. The card’s PDS names EML as the issuer, and the user-facing brand is CoinJar.

Is the CoinJar card available in my country?

The PDS restricts the card to Australian residents, and the card page itself does not publish a country list. If you are not an Australian resident, the official documents do not commit to anything else, and a separate UK GBP card that was reported in 2022 is not described on the current card page.

How do I get a CoinJar card?

You create a CoinJar account, complete verification, and order the card from inside the app. The digital card is provisioned immediately, and the physical card is posted to you. Card issuance and replacement are free; the card page does not publish a delivery country set or a delivery time.

Does the CoinJar card require KYC?

The card is gated by the underlying CoinJar account, which is verified under the exchange’s own KYC flow. The specific documents and timing are not stated on the card page, and rejection reasons are not stated either, so the practical answer is that you go through the same KYC the exchange already requires.

How do I top up the CoinJar card?

You do not top up the card in the conventional sense. You pick a cryptocurrency as your Spend account, and the card auto-converts it to AUD at CoinJar’s rate when you spend. The list of supported coins and networks is not disclosed on the card page.

How do I add the CoinJar card to Apple Pay or Google Pay?

The card supports both wallets, and tokenisation happens in the CoinJar app. You add the card from inside the app, and the wallet handles the rest; the card page does not publish a separate setup guide.

Is the CoinJar card worth it?

For an Australian resident who already holds crypto on CoinJar and wants a low-friction way to spend it in AUD, the card is a reasonable tool: free to issue, free to replace, no monthly fee, and the 1% purchase fee returns as Rewards points. For readers outside Australia, or readers who want richer rewards, the alternatives in the comparison section will likely fit better.

Content created by the «cryptocardselect» team