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Card Fees

Virtual Card Fees

Updated over 2 weeks ago

1. Card Issuance Fee

  • Card issuance fee : $15 USD.
    This fee covers the cost of issuing the virtual card only.
    It is not added as balance to the card after purchase.

  • Validity period: 1 year from the date of issuance.

  • Card type: Mastercard.

  • International acceptance: The card is accepted globally for online payments made in US Dollars (USD), see: Accepted Platforms

  • Monthly spending limit: $10,000 USD.


2. Transaction Fees

The card has a simple and transparent fee structure consisting of two types of fees.

a. Transaction Fee

When making transactions directly in US Dollars (USD)

  • A 1% fee is charged on each transaction, with a minimum of $1.

  • The maximum fee per transaction is $5.

Examples:

  • Transactions up to $100 → a flat fee of $1.

  • Transactions of $500 → a 1% fee = $5.

  • Even if the transaction amount exceeds $500, the maximum fee remains $5.

In short: 1% per transaction, minimum $1, maximum $5.

b. Foreign Transaction Fee

  • For transactions made in a currency other than USD, an additional fee applies:

    • 1.5% currency conversion fee, plus

    • Any additional platform processing costs, if applicable.


3. Monthly Maintenance Fee

  • A $1 monthly maintenance fee is deducted automatically from the card balance.

  • If there are insufficient funds to cover the monthly fee, the issuing bank will delete the card automatically due to non-payment.

  • The user can reissue a new card with the same details for only $3, instead of purchasing a completely new card.


4. Inactivity Policy

  • If the card remains unused for six (6) consecutive months with no transactions,
    the card will be automatically deleted from the system.

  • Any remaining balance will be transferred to the user’s Cardy Wallet.

  • The user can then issue a new card at any time if needed.


5. Annual Renewal Fee

  • Card renewal fee: $5 USD per year.

  • This fee applies to renew the card after the first year of validity.

  • Renewal ensures the card remains active without the need to purchase a completely new card.


6. Terms and Conditions

  • All fees are applied according to CARD-Y Holding Inc. official terms and conditions.

  • For full details, please refer to the official documentation:

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