Wise Multi-Currency Card Review [2025]
Wise launched in 2011 with a mission to challenge the banks and make transacting internationally cheaper, faster, and easier – with no hidden charges or sneaky exchange rate hikes. Wise offers a range of products including instant low fee international payments, multi-currency accounts, and Wise Multi-Currency Cards for easy spending and withdrawals around the world.
This Wise Multi-Currency Card review covers all you need to know about the Wise Multi-Currency Card features, benefits, fees, exchange rates and more.
Quick summary: Wise Multi-Currency Card review
There’s an in-depth Wise Multi-Currency Card review coming up – first let’s look at the key features, pros and cons of the Wise Multi-Currency Card.
Wise Multi-Currency Card features
| Card features | Great for: |
|---|---|
| Currency coverage | Hold and exchange 40+ currencies in your Wise account |
| International travel | Spend in 150+ countries, make withdrawals at 2.3 million ATMs around the world |
| Exchange rates | Convert currencies with the mid-market exchange rate and low transparent fees |
| Foreign transaction fee | No foreign transaction fee – Spend any currency you hold in the account for free when you have enough balance |
| Spend currencies you don’t hold | Auto convert feature makes sure you always pay the lowest possible fee when spending currencies you don’t hold in your account |
| Easy to use | View and manage your account in the Wise app |
| Safe spending | Freeze and unfreeze your card instantly with just a phone. Check your currency balances in the app – and get instant transaction notifications for security |
| Regulated | Wise is authorized to operate in most US states – in the other states, Wise operates through its partnership with Community Federal Savings Bank |
Pros and cons of Wise Multi-Currency Card
| Pros of the Wise Multi-Currency Card | Cons of the Wise Multi-Currency Card |
|---|---|
| ✅ No ongoing card charges to pay – it’s also free to spend any currency you hold in your account ✅ Auto convert function to cut costs even if you don’t have the currency you need ✅ First 2 withdrawals up to a combined total of $100/month for no fee.* ✅ Not a credit card – no risk of interest charges creeping in ✅ As a global company, Wise is US authorized and overseen by authorities all over the world | ❌ One time 9 USD fee to get your card in the first place ❌ Some ATM fees apply when you make 3 or more withdrawals, or when you withdraw more than 100 USD/month ❌ Daily and monthly limits based on spend category ❌ Top up account online or in app only – no cash or cheque options ❌ Card delivery can take 14 to 21 business days |
*ATM operators may charge their own fees, and amount might vary by ATM operators
Overall, the Wise Multi-Currency Card is ideal for anyone who wants a flexible and convenient way to manage their money across multiple currencies, with a low cost debit card for payments and withdrawals. You’ll be able to open and manage your account with just your phone, set up instant transaction notifications for security, and hold, send, spend and exchange 40+ currencies easily.
Who is the Wise Multi-Currency Card for?
The Wise Multi-Currency Card is available in the US linked to a Wise multi-currency account, which means it can be a great way for lots of people to manage their money conveniently – and cut transaction costs at the same time. The Wise Multi-Currency Card is great for:
- Travelers looking to make contactless or mobile payments
- Anyone on vacation who wants to withdraw cash from local ATMs
- People who love to shop online with international retailers
- Anyone who wants a low cost, secure account with an easy to use linked debit card
Can I get a Wise Multi-Currency Card in the US?
Yes. You can get a Wise Multi-Currency Card for personal or business use in the US.
To get your Wise Multi-Currency Card you’ll need to register for a Wise account online and get verified by uploading some ID documents. You can then order your Wise Multi-Currency Card for a low, one time fee. We’ll cover the process in detail later – but the good news is that you don’t even need to leave home to get started.
Wise Multi-Currency Card benefits: Is the Wise Multi-Currency Card good?
The Wise Multi-Currency Card can be a great way to make spending in foreign currencies cheaper and more convenient. Here are some benefits of the Wise Multi-Currency Card:
- Wise Multi-Currency Card is an efficient and cheap way to spend money overseas
- Wise offers the mid market rate at the time you convert from one currency to another
- You’ll pay no foreign transaction fees, and the conversions costs can be as low as 0.35%
- Manage your card, review transactions and set up alerts to keep on top of your money from your phone
Can I use the Wise Multi-Currency Card abroad?
The Wise Multi-Currency Card has been optimized to make your life easier and cheaper when traveling abroad.
Set up an account and order your Wise Multi-Currency Card from the US – or any of the other countries supported by Wise – for a low, one time fee, and get easy access to multi-currency spending and withdrawals in 150+ countries.
Once you have your card, activate it, and then you can add money in USD and either convert to the currency you need in advance or at the point of payment. If you’re leaving your money in dollars to convert later, your card will automatically make the exchange for you in the way that incurs the lowest possible fee.
We’ll look at how you can use your Wise Multi-Currency Card to make life easier and cheaper in more detail in just a moment.
Wise Multi-Currency Card benefits for international travel
Here’s what you can do with your Wise Multi-Currency Card overseas:
- Add money in dollars, and convert to the currency you need in advance to lock in the exchange rate and set your travel budget
- Leave your money in dollars – or any other supported currency – if you’d prefer and let the card’s auto convert tool exchange for you when needed
- Make cash withdrawals and make payments in 40+ currencies, in 150+ countries
- View and manage your card and account with just your phone
Learn more: How to use Wise Multi-Currency Card abroad
How does the Wise Multi-Currency Card compare?
The Wise Multi-Currency Card is a popular choice among travelers and people who spend regularly in foreign currencies. As well as the Wise Multi-Currency Card you can use for spending and withdrawals in 150+ countries, your Wise account is flexible enough to let you hold 40+ currencies and get paid conveniently in 10 currencies, and offers international payments to 160+ countries.
The Wise Multi-Currency Card isn’t the only popular debit card for people living an international lifestyle here in the US. Let’s look at a few more, including digital providers Revolut and Chime, and bank Capital One. Here’s a side by side comparison on some important features.
| Feature | Wise | Revolut | Chime | Capital One 360 Checking |
|---|---|---|---|---|
| Availability | Available to eligible personal and business customers in a broad range of countries | Available to eligible personal and business customers in a broad range of countries | Eligible US based customers | Eligible US based customers |
| Supported currencies | 40+ currencies | 25+ currencies | USD | USD |
| Fee to get a card | 9 USD | No fee – delivery charge may apply | No fee | No fee |
| Ongoing account fees | None | 0 USD – 16.99/month depending on account type | None | None |
| International ATM withdrawal fees | First 2 withdrawals up to a combined total of $100/month for no fee.* After that, $1.50 + %2 withdrawal fees apply. | Varies by account type – a 2% charge applies once and no fee withdrawal allowance is exhausted | 2.50 USD | None |
| Exchange rates | Mid-market rate | Mid-market rate to plan limits, fair usage fees of 0.5% apply after that | Visa rate | Mastercard rate |
| Foreign transaction fee | No foreign transaction fees – currency conversion fee from 0.35% applies | None | None | None |
Fee information correct at time of research – 7th May, 2024. Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
*ATM operators may charge their own fees. Fee amounts might vary by ATM operators.
What is a Wise Multi-Currency Card?
The Wise Multi-Currency Card is a debit card – not a credit card – that works linked to a Wise multi-currency account.
It’s great for spending online and in person, and making cash withdrawals at home and abroad – and best of all, you’ll get currency conversion using the mid-market exchange rate whenever you choose to spend in a foreign currency.
- How does a Wise Multi-Currency Card work?
- Is the Wise Multi-Currency Card safe to use?
- Wise Multi-Currency Card fees & exchange rates
How does the Wise Multi-Currency Card work?
The Wise Multi-Currency Card is linked to a Wise multi-currency account, which lets you hold, exchange, receive and send payments in 40+ currencies. Order a linked Wise Multi-Currency Card to make it easier to spend and make cash withdrawals from your Wise account balance, all over the world.
It’s free to spend currencies you hold enough of in your account. And if you don’t have the currency you need in your account, the Wise Multi-Currency Card can automatically convert the amount for you from whichever available currency account has the cheapest conversion fee.
That means that there’s no need to worry about converting money before traveling, because you’ll always know you’re getting the best available deal every time.
Let’s look at an example: You’ve taken a trip to France for work, and you’ve chosen to use your Wise Multi-Currency Card for spending and withdrawals to cut your costs while you’re there. In your Wise account you have a balance in euros, plus balances in US dollars and British pounds.
The first payments and withdrawals you make will be deducted from your euro balance. However, if you need to spend more than you have in euros, you can still pay as usual, and the card will deduct the funds from either your USD or GBP balance, depending on which comes with a lower fee. No hassle – and you can trust you’ll always get the best available deal.
| Questions | Answers |
|---|---|
| Is a Wise Multi-Currency Card credit or debit card? | The Wise Multi-Currency Card is not a credit card. It’s a debit card which is linked to your Wise multi-currency account. That means you can spend all over the world with no worries about blowing your budget or hitting unexpected credit fees. |
| Is a Wise Multi-Currency Card free? | There’s a one time 9 USD fee to get your Wise Multi-Currency Card. There are no ongoing monthly or annual fees after that. |
| Can I use my Wise Multi-Currency Card abroad? | Yes. You can use your Wise Multi-Currency Card for spending and making withdrawals in over 150 countries around the world. |
Is the Wise Multi-Currency Card safe to use?
Yes. The Wise Multi-Currency Card is safe to use. As a company, Wise is covered by regulatory bodies all over the world. That means that no matter what currencies you hold on your Wise Multi-Currency Card, you know your money is kept safely and in accordance with global laws and best practices.
Wise accounts have a range of security features including thorough verification processes, 2 factor authentication and a 24/7 fraud prevention protocol. Additionally, Wise Multi-Currency Cards can be frozen instantly in the Wise app if you’re concerned about security, with real time transaction notifications and the option to check your balance and account history in a glance in the app.
Wise Multi-Currency Card fees
Here’s a rundown of all the Wise fees you can expect to meet when ordering and using your Wise Multi-Currency Card:
| Service | Wise Multi-Currency Card fee |
|---|---|
| One time card order fee | 9 USD |
| Order a new card | 5 USD |
| Replace an expiring card | Free – Wise will remind you when you need a new card for convenience |
| Spend currencies you hold enough balance in your account | Free |
| Spend in currencies you don’t have in your account | Wise will auto convert the balance you have to the currency you need, using the mid-market exchange rate and the lowest available fees |
| First 2 ATM withdrawals a month, up to the combined value of 100 USD | Wise won’t charge you a fee, however ATM operators may charge their own fees (fees might vary by ATM operator) |
| Additional withdrawals, over the value of 100 USD/month | 1.5 USD per withdrawal + 2% of the withdrawal value |
| Additional withdrawals, after $100 in a given month | 2% fee is charged on any amount you withdraw beyond $100 in a calendar month |
*Fee information correct at time of research – 7th May, 2024. Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
Wise Multi-Currency Card exchange rates
Wise was created with a mission to make currency conversion cheaper and more transparent. When you convert currencies with Wise you’ll get the mid-market rate with no hidden markup – whether you are spending with your Wise Multi-Currency Card, converting currencies within your Wise account, or sending an international payment.
This is different to banks and most other international card providers. Typically, the exchange rates you get from other providers will include a markup which is added onto the exchange rate used. That’s an extra fee, but it’s hard to spot and pushes up the prices you pay without you necessarily knowing it.
To avoid this tricky fee, Wise uses the mid-market exchange rate and splits out the full costs of currency conversion for transparency. You’ll be able to see the full fees you pay when you switch currencies within your account – and if you use the card’s auto convert feature, you can be sure the transaction will be processed with the lowest fee possible.
Check exchange rate here: Wise exchange rate
Wise Multi-Currency Card fees for spending and withdrawals abroad
| Service | Wise Multi-Currency Card fee |
|---|---|
| Spend currencies you hold in your account | Free |
| Spend in currencies you don’t have in your account | Wise will auto convert the balance you have to the currency you need, using the mid-market exchange rate and the lowest available fees |
| First 2 ATM withdrawals a month, up to the value of 100 USD | Free |
| Additional withdrawals, over the value of 100 USD/month | 1.5 USD per withdrawal + 2% of the withdrawal value |
| Additional withdrawals, after $100 in a given month | 2% fee is charged on any amount you withdraw beyond $100 in a calendar month |
*Fee information correct at time of research – 7th May, 2024. Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up to date pricing and fee information.
How to use your Wise Multi-Currency Card
Once you’ve ordered your Wise Multi-Currency Card you can add a balance, convert currencies, spend locally and internationally, and make cash withdrawals at home and abroad. Let’s look at how to get and activate your Wise Multi-Currency Card, how to add money, manage your card, and order a new one if you ever need to.
How to get your Wise Multi-Currency Card
Here’s how to get your Wise Multi-Currency Card in just a few simple steps:
- Open a Wise account online in just a few minutes
- Top up your Wise account in the currency of your choice
- Order your Wise Multi-Currency Card for a one time 9 USD fee
- Complete the verification step, uploading an image of your ID document and entering your SSN
- Your physical card will arrive in the post – delivery can take 14 to 21 working days
If you don’t already have a Wise multi-currency account it’s good to know you can register in just a few minutes using your email address, Facebook, Apple or Google ID.
How long does it take to get the Wise Multi-Currency Card?
Your Wise Multi-Currency Card will be delivered in 14 – 21 business days once you’ve ordered it and completed the required verification check.
How to activate your Wise Multi-Currency Card
Once your physical card arrives in the post you’ll need to activate it. This is done simply by making taking the following steps:
- Log into to your Wise account
- If you’re on the website, go to Debit card. If you’re on the app, go to Account, then click the card icon at the top of the screen
- Enter the 6-digit code that’s on the card below your name
How to find your Wise Multi-Currency Card PIN
Wise US customers holding a Wise Multi-Currency Card issued on the Mastercard network will be able to set a personal PIN when activating the Wise Multi-Currency Card. That means you can’t check your PIN in the Wise app. If you’ve forgotten your PIN, you’ll need to order a new card. As long as you remember your PIN you can change it easily in the Wise app. Here’s how:
- Log into your account online or in the Wise app
- On the website, go to Cards; on the app, go to Card
- Click on Change PIN
- Type the desired PIN number twice and you’re good to go.
You’ll only be able to change your PIN while you’re in the US.
If you’re a Wise US customer and have a Wise Multi-Currency Card issued on the Visa network, you can view your existing Wise PIN on the Wise app, and if you don’t like it you can also set a new one at an ATM.
How to top up your Wise Multi-Currency Card
Your Wise Multi-Currency Card is linked to your Wise multi-currency account. To add funds to your Wise account you’ll need to take the following steps:
- Log into your Wise account online or in the Wise app
- Select the currency balance you want to top up
- Tap Add
- Confirm the currency you want to pay with
- Enter the amount you want to top up and select a payment method
- Check everything over, confirm and follow the prompts to complete the payment
How to freeze and unfreeze your Wise Multi-Currency Card
If you’re concerned about the security of your card, or if you’re not planning on using it for a while you can freeze it in the Wise app or online. Then simply unfreeze next time you’re ready to use it. Here’s what to do:
- Log into your account online or in the Wise app
- On the website, go to Cards; on the app, go to Card
- Click on Freeze card
How to replace or cancel your Wise Multi-Currency Card
If you’ve lost your card, or if it’s been damaged, you can order a new one easily. You can also cancel and replace your card if it’s been stolen. Here’s what to do:
- Log into your account online or in the Wise app
- On the website, go to Cards; on the app, go to Card
- Select the reason you need to replace your card
Is the Wise Multi-Currency Card contactless?
Yes. The Wise Multi-Currency Card is contactless for convenient spending. It’s worth noting that older versions of the Wise Multi-Currency Card may not have contactless functionality – but any cards issued since December 2019 will have this option.
What currencies does the Wise Multi-Currency Card support?
Wise account holders can hold 40+ currencies, and spend in 150+ countries with the Wise Multi-Currency Card. The Wise Multi-Currency Card supports most major and global currencies, and can be used globally in a broad range of countries.
There are some countries where your US issued Wise Multi-Currency Card for business or personal use can not be used. Usually this is as a result of international sanctions or practical limitations. Full details are available online on the Wise website.
Get a full list of currencies here.
Is the Wise Multi-Currency Card Visa or Mastercard?
Wise issues cards on both Visa and Mastercard networks. You can’t select which network your card is issued on – but the good news is that both Visa and Mastercard are extremely broadly accepted globally.
Where can I use my Wise Multi-Currency Card?
Use your Wise Multi-Currency Card to spend and withdraw in 150+ countries globally. You’ll need to check the network your Wise Multi-Currency Card is issued on – Visa or Mastercard – and look out for the logo which will be displayed prominently on payment terminals and ATMs.
How to withdraw money with the Wise Multi-Currency Card
Once you’ve received your Wise Multi-Currency Card and set your personal Wise PIN for security, you’re ready to start making withdrawals from ATMs at home and abroad.
You’ll need to look out for ATMs that support Visa or MasterCard, and bear in mind that you’ll be charged a fee if you make 3 or more withdrawals in a month, or if the combined value of your withdrawals exceeds the currency equivalent of 100 USD.
Here are a few tips to help when you’re making cash withdrawals with the Wise Multi-Currency Card:
- When abroad, always elect to pay in the local currency wherever you are – not in USD
- Don’t write down or give out your card PIN
- Freeze your card right away if you spot a withdrawal on your account that you don’t recognize
- Be wary of security around ATMs, as these are common targets for petty thieves
Wise Multi-Currency Card
The Wise Multi-Currency Card is available in the US for personal customers, but not for business customers at the time of writing. You can open a Wise Multi-Currency Card to use with mobile wallets like Apple Pay.
Simply add your virtual card to a mobile wallet like Apple Pay or Google Pay, to make contactless payments in stores and buy things online. You can have up to 3 virtual cards at any one time which can make it easier to manage your budget by assigning different spending types to different cards.
Wise Multi-Currency Cards have different card details to your physical card, and can be frozen instantly whenever you’re not using them – offering a handy added layer of security. You’ll be able to start using your Wise Multi-Currency Card as soon as you order your physical card, with no need to wait for the physical card to be delivered.
Wise Multi-Currency Card limits
Wise Multi-Currency Card limits vary based on the type of transaction. Your card limit is set to a default automatically, and you can then adjust it, up to the maximum level allowed for that transaction type, within the Wise app.
Here’s a rundown of the standard Wise personal debit card limits by transaction type:
| Transaction type | Single transaction limit | Daily limit | Monthly limit |
|---|---|---|---|
| Chip and PIN and mobile wallet | Default: 1,000 USD Maximum: 2,000 USD | Default: 1,000 USD Maximum: 2,000 USD | Default: 5,000 USD Maximum: 15,000 USD |
| ATM withdrawal | Default: 250 USD Maximum: 1,000 USD | Default: 250 USD Maximum: 1,000 USD | Default: 1,500 USD Maximum: 6,000 USD |
| Contactless | Default: 200 USD Maximum: 400 USD | Default: 500 USD Maximum: 1,000 USD | Default: 1,500 USD Maximum: 4,000 USD |
| Magnetic stripe | Default: 1,000 USD Maximum: 1,500 USD | Default: 1,000 USD Maximum: 1,500 USD | Default: 1,500 USD Maximum: 6,000 USD |
| Online purchase | Default: 1,000 USD Maximum: 2,000 USD | Default: 1,000 USD Maximum: 2,000 USD | Default: 1,500 USD Maximum: 6,000 USD |
Learn more: Wise limits
Wise Multi-Currency Card for business
If you have a Wise Business account you may also be able to benefit from Wise Multi-Currency Cards for business and expense cards.
Business customers can order a Wise Multi-Currency Card for themselves, and expense cards for team members who need easy ways to organize international business spending and expenses.
Just as with Wise personal customers, Wise Multi-Currency Card for business card holders get the mid-market exchange rate when converting from one currency to another, with low fees from 0.35%, as well as some ATM withdrawals every month.
Wise Business account holders also get some extras to save time and make it easier to track and manage international spending. For example, account administrators can set and adjust card spending limits and track transactions centrally, making expense claims easier for everyone.
Where is the Wise Multi-Currency Card available?
If you have a Wise account and are a resident of any of the following countries and regions, you can apply for a Wise Multi-Currency Card: the US, the EU and EEA, the UK, Switzerland, Singapore, Malaysia, Japan, Australia, New Zealand, Brazil.
What can you do with the Wise Multi-Currency Card?
Use your Wise Multi-Currency Card for making payments in person and in online stores in foreign currencies, to withdraw money abroad conveniently. You can also use your Wise account to receive payments easily from 30+ countries, hold and exchange 40+ currencies, and send money with Wise to people and businesses in 160+ countries.
What should you do if your Wise Multi-Currency Card gets lost or stolen?
If you’re unlucky enough to have your Wise Multi-Currency Card stolen – or if it’s misplaced – you’ll want to freeze it right away. This can be easily done in the Wise app or online:
- Log into your account online or in the Wise app
- On the website, go to Cards; on the app, go to Card
- Click on Freeze card
If you’ve spotted an unauthorized transaction on your account you’ll need to log in to Wise online or in the Wise app, and submit a report. The Wise team can then support your next steps, depending on what’s happened.
If you’re a frequent traveler, these guides might be helpful to get the best out of your Wise Multi-Currency Card:
- How to use Wise Multi-Currency Card in Europe
- How to use Wise Multi-Currency Card in Australia
- How to use Wise Multi-Currency Card overseas
Conclusion: Is the Wise Multi-Currency Card worth it?
The Wise Multi-Currency Card can make life easier – and help you save money – if you travel often, shop with international ecommerce stores, or want to be able to manage your money and spending across currencies more flexibly.
Wise currency exchange always uses the real mid-market exchange rate with no markup and no hidden fees – and with the Wise Multi-Currency Card’s smart auto convert feature you don’t even need to switch currencies before you travel. Leave the Wise Multi-Currency Card to switch to the currencies you need, when you need them, with the lowest possible fee every time.
Wise Multi-Currency Card FAQs
How can I add money to my Wise Multi-Currency Card?
The Wise Multi-Currency Card is linked to a Wise multi-currency account. To use your Wise Multi-Currency Card you’ll need to top up your Wise account with USD – or another eligible currency of your choice. Adding funds is easy and can be done online or in the Wise app.
How can I get a Wise Multi-Currency Card?
To get a Wise Multi-Currency Card you’ll need to register an account with Wise online or in the Wise app and upload an image of some ID for verification. You’ll then be able to order your card quickly online or in the app for a one time fee of 9 USD.
How can I activate my Wise Multi-Currency Card?
Once your Wise Multi-Currency Card has arrived you can activate it, by logging into your Wise account and entering the activation code which appears on your card.
