Picnic Card
Picnic · Visa
Picnic Card is a self-custodial Visa debit card from the Brazilian DeFi platform Picnic, issued in partnership with Gnosis Pay and linked to a Safe Smart Account on Gnosis Chain: transactions settle on-chain and the user keeps control of their private keys. It has no annual fee and no issuance fee, applies zero spread on dollar purchases and roughly 0.3% markup on non-dollar currencies, and offers up to 5% cashback paid weekly in GNO tokens. Official sources do not document ATM fees or withdrawal limits.
The clause
That 5% on the banner isn't what you pocket.
After FX markup, fees and withdrawals, on an average profile of €1,000/mo (20% abroad).
Data & conditions
| Network | Visa |
|---|---|
| Fund custody | Self-custody (funds in your control) |
| Issuance fee | Free |
| Annual fee | Free |
| Free ATM limit | 0 (non documentato dalle fonti ufficiali) |
| ATM withdrawal | not declared |
| FX markup | 0.3% |
| Cashback | 5% in GNO · Nessuno (il cashback fino al 5% cresce col saldo GNO detenuto, ma non è obbligatorio) |
| Chains | Gnosis Chain |
| On-chain settlement | Yes |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 7/10 |
| Supported countries | LATAM, EEA, UK · 32+ countries |
| Funding / solidity | Picnic è una piattaforma DeFi brasiliana; la carta Visa self-custodial è emessa in partnership con Gnosis Pay (emittente Monavate, EMI regolata FCA) e usa IBAN/EURe forniti da Monerium. |
| Estimated net annual cost | €0/year |
| Regulator | FCA (Financial Conduct Authority, UK) - emittente Monavate Limited, EMI FRN 901097, licenza Visa Europe |
| Segment | B2C |
| Funding / solidity | Picnic is a Brazilian DeFi platform; the self-custodial Visa card is issued in partnership with Gnosis Pay (issuer Monavate, an FCA-regulated EMI) and uses IBAN/EURe provided by Monerium. |
| MiCA / License status | Gnosis Pay (Visa issuing partner)Monerium EMI (IBAN/EURe) Visa card issued by Monavate Limited under licence from Visa Europe; Monavate is authorised and regulated by the FCA as an Electronic Money Institution (FRN 901097). IBAN/EURe provided by Monerium (EMI). |
Strengths
- Self-custodial with on-chain settlement on Gnosis Chain: the user controls the keys.
- No annual fee, zero spread on dollar purchases, up to 5% cashback in GNO.
- Instant virtual card + Visa accepted in 180+ countries, with personal IBAN via Monerium.
- Self-custody: funds stay in your wallet — the platform cannot touch them.
Weaknesses
- Top cashback is tied to the GNO balance held (or OG NFT): full 5% is not for everyone; Gnosis programme (GIP-131) funded through 30 Jun 2026.
- Blockchain support limited to Gnosis Chain only.
- ATM fees and withdrawal limits not documented by official sources.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (Visa card issued by Monavate Limited under licence from Visa Europe; Monavate is authorised and regulated by the FCA as an Electronic Money Institution (FRN 901097). IBAN/EURe provided by Monerium (EMI).): reporting to authorities and freezes on order.
Verdict
Self-custodial card: the Visa issuer is Monavate (FCA-regulated EMI) via Gnosis Pay, while funds stay in your on-chain Safe Smart Account. Protection of your balance depends on your own key management, not on a custodied deposit.
Among the most sovereign options: user holds the keys, on-chain settlement on Gnosis Chain and a personal IBAN via Monerium. Mandatory full KYC and Gnosis-Chain-only support remain the main limits.
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.
Reputation
What happened to people who used Picnic Card, and what users say. External signals: they do not feed the promp.it rating.
Incidents & regulatory actions
History not verifiedWe have not yet completed the incident search for this service: no entries here does not mean no events.
Public reviews
-
Google Play ↗
4.6/5
164 reviews
JSON-LD structured data from the Play listing (4.601941 across 164), Brazilian storefront. As on the App Store, the score covers the Picnic app as a whole, not the card alone.
-
App Store ↗
4.8/5
143 reviews
Exact figure from the public iTunes API (Brazilian storefront, id 6748647107, seller DeFiBasket Labs Inc.): 4.79021 across 143 ratings. The score measures the Picnic app as a whole (USD account, Pix, crypto and card), not the Picnic Card alone.
Weighted average across 2 public review platforms (307 reviews in total), weighted by volume. This is not our rating: it is those platforms’ average.
FAQ
Is Picnic Card custodial or self-custody?
Picnic Card is self-custodial: funds stay in a Safe Smart Account on Gnosis Chain and Picnic has no access and cannot recover your private key. Transactions are executed directly on-chain.
How much cashback does Picnic Card offer?
Picnic Card offers up to 5% cashback, paid weekly in GNO tokens. The rate depends on the GNO balance held and on a possible bonus for holders of an OG NFT.
Sources
- Official service page Custodial · Payment network · On-chain settlement · Regioni · +2 Data verified on Jun 22, 2026
- spendnode.io Blockchain · Cashback · On-chain settlement Data verified on Jul 10, 2026
- help.gnosispay.com Paesi num · Supported currencies · Italia disponibile · Regulator · +1 Data verified on Jun 23, 2026
- monerium.com Regulator · Supported currencies · Azienda info Data verified on Jun 23, 2026
Show 2 more sources
- rio.websummit.com Issuer · Regioni Data verified on Jun 22, 2026
- todey.xyz Card issuance fee · Annual card fee · FX markup · Cashback · +2 Data verified on Jun 22, 2026