Spenda Card vs Grey Card
For spending abroad FX markup matters, and Spenda Card does better (0% vs 2%). In our editorial rating Grey Card leads (3.5 vs 3.0). In short: Spenda Card if your usage matches its strength, Grey Card otherwise — the numbers above beat any slogan.
| Spenda Card | Grey Card | |
|---|---|---|
| Tier | C | B |
| Rating | ★ 3.0 | ★ 3.5 |
| Estimated net annual cost | €0 | €0 |
| Account fee | Free | Free |
| Multi-currency | NGN, USD | USD, EUR, GBP |
| Network | Verve | Visa |
| ATM withdrawal | Free | Free |
| Free ATM limit | Non documentato ufficialmente: limite di transazione giornaliero fino a 10.000.000 di naira (NGN) | Nessun prelievo ATM (carta solo virtuale) |
| Fund custody | Custodial (platform holds funds) | Custodial (platform holds funds) |
| KYC | Full | Full |
| Supported countries | AFRICA | AFRICA, US, EEA, UK, LATAM · 0+ countries |
| Segment | B2C | B2C |
| Regulator | — | FinCEN (US) / FINTRAC (Canada) |
| Regions | Africa | Africa, US, EU/EEA, UK, LATAM |
| Licences & safety | FinCEN MSB (US), FINTRAC MSB (Canada) |
Frequently asked questions
Spenda Card vs Grey Card: which is better?
For spending abroad FX markup matters, and Spenda Card does better (0% vs 2%). In our editorial rating Grey Card leads (3.5 vs 3.0). In short: Spenda Card if your usage matches its strength, Grey Card otherwise — the numbers above beat any slogan.
Which is cheaper, Spenda Card or Grey Card?
On the standard spending profile Spenda Card has the lowest net annual cost: €0 versus €0 for Grey Card.
Is Spenda Card custodial or self-custody?
Spenda Card is custodial: funds are held by the platform, while Grey Card is custodial.
Which is better for spending abroad?
For foreign-currency spending Spenda Card wins, with the lowest FX markup: 0%.