Every qualifying transaction with your Cash card, asset traded, or USD/EUR borrowed earns cashback in ETHFI. This will display in your assets list as ETHFI.
How does cashback work for card purchases?
Cashback moves through different stages after you make a card purchase:
Pending: When your purchase is authorized but hasn't cleared, your cashback is calculated in dollar terms and remains pending.
Earned: Once the purchase clears, your cashback is converted to ETHFI at the current price and enters a 7-day lock period.
Claimable: After the 7-day lock period, your cashback becomes claimable.
Claimed: Once you claim your cashback from the Cashback page, the ETHFI is sent to your account.
Trade and borrow cashback also follow the 7-day lock period.
For more information about the lock period and claiming your cashback, see Why is my cashback locked and when can I claim it?
Cashback rates are applied progressively based on your total spend each calendar month and you can review what card purchases are eligible for cashback here.
💡 Note: to curb abuse of the cashback program, a member must claim cashback in order to add it to their account asset balance. A minimum of $5 USD in cashback is required to claim. Cashback earned becomes available to claim 7 days after the card or trade transaction has cleared.
How is cashback calculated?
Cashback rates vary by membership level (Learn more about membership levels) and your total monthly spend. As spend increases, the rate steps down progressively instead of cutting off abruptly.
EUR transactions: These have an adjusted cashback rate to balance 0% FX rate benefit, while still rewarding everyday spending. Learn more about zero FX rate for EUR transactions works in our EUR Purchases – 0 FX Rate article.
USD and EUR share one monthly spend counter. There's a single monthly spend counter per user, no matter which currency you spend in. However, each transaction is rated against the ladder for its own currency, a USD purchase uses the USD thresholds, and a EUR purchase uses the EUR thresholds. EUR spend is converted to USD at our oracle rate at the time of the transaction to track progress against the shared counter.
Core
Monthly Spend | Standard Cashback Rate | EUR Cashback Rate |
USD: First $2,000 | 3% | 3% |
USD: $2,001 – $3,000 | 1% | 1% |
USD: Above $3,000 | 0.5% | 0.1% |
Luxe
Monthly Spend | Standard Cashback Rate | EUR Cashback Rate |
USD: First $10,000 | 3% | 3% |
USD: $10,001 – $20,000 | 1% | 1% |
USD: Above $20,000 | 0.5% | 0.1% |
Pinnacle
Monthly Spend | Standard Cashback Rate | EUR Cashback Rate |
USD: First $50,000 | 3% | 3% |
USD: $50,001 – $80,000 | 1% | 1% |
USD: Above $80,000 | 0.5% | 0.1% |
Business
Monthly Spend | Standard Cashback Rate | EUR Cashback Rate |
All spend | 1% | 0% |
What counts toward your monthly spend
Transaction type | Counts toward counter |
Approved transactions (earning cashback) | Yes |
Declined transactions | No |
Blocked merchants (no cashback) | No |
Refunds and reversals | Yes (subtracts from total) |
Cashback policy terms & conditions
Participation in the cashback program is subject to the ether.fi Cash Cashback Rewards Program Terms & Conditions, applicable to both U.S. and international members.
You can review the policy here:
https://etherfi.gitbook.io/etherfi/ether.fi-legal/ether.fi-cash-cashback-rewards-program-u.s.-and-international
Frequently Asked Questions
Where can I see my cashback?
Where can I see my cashback?
Each transaction shows the cashback earned in the Transactions tab
Cashback is automatically credited to your account as ETHFI.
What transactions are ineligible for crypto cashback?
What transactions are ineligible for crypto cashback?
Not all card transactions qualify for crypto cashback. Some transaction types and merchant categories are excluded by default due to network rules, compliance requirements, or abuse prevention.
Transactions that do not earn crypto cashback
The following transactions are not Qualifying Transactions and do not earn crypto cashback, even if the payment is completed successfully:
ATM withdrawals
Cash advances or automated cash disbursements
Peer-to-peer payments and person-to-person transfers
Examples include PayPal, Google Pay P2P, or similar services
Currency exchange or foreign exchange services
Tax payments or government remittances
Purchase of gift cards or stored-value cards
Purchase of money orders or other cash equivalents
Any transaction that functions as a cash substitute, even if later used to buy goods or services
What merchant categories are ineligible for crypto cashback?
What merchant categories are ineligible for crypto cashback?
Transactions processed under the following Merchant Category Codes (MCCs) are ineligible for cashback.
MCC 6011 - Automated Cash Disbursements
Used for ATM withdrawals and similar cash access transactions.
MCC 6012 - Investment Platforms
Includes financial products and services such as:
Checks and financial instruments
Loan fees and repayments
Financial or investment advisory services
Repayment of debts to banks, credit unions, or savings institutions
MCC 6211 - Brokers and Dealers
Includes transactions related to:
Funding or repaying financial accounts
Purchase of financial products or instruments
Foreign currency or non-fiat currency purchases, including cryptocurrency
Stored-value card purchases or reloads
Money orders, traveler's checks, or similar instruments
MCC 6513 - Real Estate Agents and Managers
Includes rent payments and property management services.
MCC 6532 - Customer Financial Institutions
Typically used for:
Card-to-card transfers
Account funding transactions
Certain domestic payment schemes
MCC 7995 - Gambling Transactions
Includes betting, wagering, casinos, and gambling-related services.
If a merchant falls under one of these MCCs, cashback will not be awarded.
Do refunds affect cashback?
Do refunds affect cashback?
Yes. If a transaction is refunded or reversed, the associated cashback may also be reversed. You will receive a refund minus the cashback paid on the original transaction.
When is card spend cashback calculated?
When is card spend cashback calculated?
Card spend Cashback is calculated based on your total spend within each calendar month. Spend tiers reset at the start of every new month.
How does referral cashback work?
How does referral cashback work?
To learn about how cashback for referral program is rewarded, please visit: https://help.ether.fi/en/articles/662040-affiliate-program#h_d30e88389d
Still have questions?
If you have any questions about cashback applicable to your transactions, feel free to reach out Support by clicking the chat icon on the bottom right.