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Binance Card scores 6 of 16 on the CBL Card Score. Binance, Mastercard. Custodial; no safeguarding statement found. Pomelo, Central Bank of Brazil payment institution.

CBL Card Score: 6 of 16

Criterion	Points	What we found	Source
Custody	0 of 2	Custodial. The card spends from the user's Binance Funding Account or Spot Account (official, Brazil Card FAQ). No safeguarding or segregation statement for card balances was found on the card pages. A third party describes it as "fully custodial, all funds are held on the Binance exchange" (third-party: SpendNode, 6 Aug 2026).	official checked 20 October 2026
Issuer and licence	1 of 2	Brazil: Pomelo Instituição de Pagamento Ltda., a payment institution authorised and regulated by the Central Bank of Brazil (official, Brazil Card FAQ, updated 19 Oct 2026); no licence or register number is given on the page. Global Program issuer named only by third parties (third-party: CryptoCardHub, 11 Aug 2026).	official checked 20 October 2026
Availability	0 of 2	Brazil, for residents who pass Binance identity verification (official, Brazil Card FAQ). Not offered in the EEA since 20 Dec 2023 (Binance feed repost, 20 Oct 2023), and Binance France stopped accepting new EU users from 1 July 2026 after telling users it would not hold a MiCA licence by the 30 June deadline (third-party: Journal du Coin, 24 Jun 2026). No UK or US card. No confirmed Gulf card; a third party mentions GCC card terms naming Infinios but lists no Gulf country as live (third-party: CryptoCardHub, 11 Aug 2026). Third parties list Argentina, Armenia, Australia, Colombia, Mexico, New Zealand and Peru (third-party: CryptoCardHub, 11 Aug 2026; SpendNode, 6 Aug 2026; Descubre.vc, 17 Sep 2026).	official checked 20 October 2026
FX fee on a foreign-currency purchase	0 of 2	Brazil card: foreign exchange fee "1% to 2%" on non-BRL purchases, with IOF tax and conversion spreads on top (official, Brazil Card limits and fees FAQ, updated 2 Jun 2026). The page gives no condition for the lower rate. A promotion refunds the FX fee when the U token is used to pay (official, same page). Global Program: 2% reported (third-party: SpendNode, 6 Aug 2026). Scored on the published upper bound.	official checked 20 October 2026
Funding cost	1 of 2	Virtual card free and issued at once; first physical card free, but ordering one needs a balance equivalent to 10 USDT across Spot, Funding and Flexible Earn; physical card cancellation within one year costs 30 BRL; annual fee 0 BRL (official, Brazil Card limits and fees FAQ, 2 Jun 2026). Crypto conversion fee 0.9% when crypto is sold to pay (official); a third party reports 0.1% for USDC (third-party: SpendNode, 6 Aug 2026). Delivery up to 14 days, no delivery fee stated (official). No inactivity fee listed.	official checked 20 October 2026
Apple Pay and Google Pay	2 of 2	Apple Pay, added from the Binance app or Apple Wallet, subject to country and device (official, Brazil Card FAQ, 19 Oct 2026). Google Pay not mentioned on the official page; third parties report Apple Pay and Google Pay both supported in Brazil (third-party: CryptoCardHub, 11 Aug 2026; SpendNode, 6 Aug 2026).	official checked 20 October 2026
Freeze and dispute policy	1 of 2	Freeze and unfreeze from the Manage Card page in the app (official, Brazil Card FAQ). No dispute procedure, window or response time is published; the FAQ points users to the cardholder terms and 24/7 support (official). A third party reports "standard fraud monitoring and chargeback rights" with no process described (third-party: SpendNode, 6 Aug 2026).	official checked 20 October 2026
Yield on idle balance	1 of 2	Binance Flexible Earn balances count toward the physical card's 10 USDT requirement, but the card spends from the Funding or Spot Account, so Earn funds must be redeemed before they can be spent (official, Brazil Card FAQ). No yield on the spending balance itself. Earn rates and terms for cardholders were not checked.	official checked 20 October 2026

Total 6 of 16. Official means the company's own site, terms or help centre. Third-party means a named review site with its own check date; a third-party fact is reported, not verified, and the score stands until an official source confirms or contradicts it.

Score history

20 October 2026

6 of 16

First score

Standing

Company	Binance. In Brazil the card is issued by Pomelo Instituição de Pagamento Ltda., "an institution authorized and regulated by the Central Bank of Brazil," under a Mastercard International licence (official, Binance Brazil Card FAQ, updated 19 Oct 2026). Pomelo provides Mastercard BIN sponsorship so Binance needs no card licence of its own (official, Pomelo blog, 15 Apr 2026). Issuer for the Global Program named only by a third party as Immersve Limited, with Infinios named in separate GCC terms (third-party: CryptoCardHub, 11 Aug 2026). Binance's site footer says its ADGM entities are regulated by the FSRA (official, binance.com/en/cards). Scored product: the Binance Card issued in Brazil on Mastercard, the only Binance card confirmed open to new users on an official page in this check (official, Binance Brazil Card FAQ, updated 19 Oct 2026). The EEA Visa card closed on 20 December 2023 when Contis Financial Services stopped issuing it (Binance feed repost, 20 Oct 2023). Binance has no card open in the EU, UK or US today. Third parties report a relaunched Argentina card with Pomelo (third-party: Descubre.vc, 17 Sep 2026) and a Mastercard "Global Program" in Armenia, Colombia, Mexico and Peru under Immersve, with Australia and New Zealand also listed (third-party: CryptoCardHub, 11 Aug 2026; SpendNode, 6 Aug 2026).
Network	Mastercard (official). official
Rails	In Brazil the card is issued by Pomelo Instituição de Pagamento Ltda. under a Mastercard licence, with Pomelo supplying BIN sponsorship (official). Funds sit in the user's Binance Funding or Spot Account and are converted at the point of sale (official). The issuer for other markets is not named on Binance's pages.
Website	www.binance.com/en/cards
Health tag	Watch The issuer in Brazil is a Central Bank of Brazil regulated payment institution, but Binance itself failed to secure MiCA authorisation by 30 June 2026 and stopped onboarding EU users, regulators cited its past money-laundering sanctions, and no safeguarding statement for card balances was found (third-party: Journal du Coin, 24 Jun 2026; official pages).
Last checked	20 October 2026

When it goes wrong

Freeze and unfreeze from the Manage Card page in the app (official, Brazil Card FAQ). No dispute procedure, window or response time is published; the FAQ points users to the cardholder terms and 24/7 support (official). A third party reports "standard fraud monitoring and chargeback rights" with no process described (third-party: SpendNode, 6 Aug 2026).

The dispute route, in order: the company's own support desk, then the card network's chargeback rules, then the regulator of the issuer where one is named. A frozen card is a question, not a verdict: the Frozen Account Survival Kit applies to cards too.

Costs

FX	Brazil card: foreign exchange fee "1% to 2%" on non-BRL purchases, with IOF tax and conversion spreads on top (official, Brazil Card limits and fees FAQ, updated 2 Jun 2026). The page gives no condition for the lower rate. A promotion refunds the FX fee when the U token is used to pay (official, same page). Global Program: 2% reported (third-party: SpendNode, 6 Aug 2026). Scored on the published upper bound. official
Funding	Virtual card free and issued at once; first physical card free, but ordering one needs a balance equivalent to 10 USDT across Spot, Funding and Flexible Earn; physical card cancellation within one year costs 30 BRL; annual fee 0 BRL (official, Brazil Card limits and fees FAQ, 2 Jun 2026). Crypto conversion fee 0.9% when crypto is sold to pay (official); a third party reports 0.1% for USDC (third-party: SpendNode, 6 Aug 2026). Delivery up to 14 days, no delivery fee stated (official). No inactivity fee listed. official
ATM	Two free withdrawals a month, then US$1.50 each; daily withdrawal limit 3,000 to 7,000 BRL and monthly 25,000 to 50,000 BRL by KYC level; three withdrawals a day and 30 a month (official, Brazil Card limits and fees FAQ, 2 Jun 2026).
Tiers	No paid or staked tiers. Cashback tier set by monthly spend (official).

Cashback, as of 20 Oct 2026

Brazil: tiered by total spend in the calendar month and applied to the whole month, credited on the 10th of the next month; rates shown only in an image on the official page (official, Brazil Card FAQ, 19 Oct 2026). Third party reports 1.5% under 500 BRL, 2% from 500 BRL, 3% from 5,000 BRL, capped at 500 BRL a month, paid in BRL (third-party: CryptoCardHub, 11 Aug 2026). Pomelo states "up to 3%" (official, Pomelo blog, 15 Apr 2026). Global Program rates reported at 0.5% to 2% with a $20 cap in some markets, and 1.5% to 3% with a $100 cap in others from 1 Jun 2026 (third-party: CryptoCardHub).

Cashback is a dated fact, not part of the Card Score. Promo rates change too often to score.

Availability

Brazil, for residents who pass Binance identity verification (official, Brazil Card FAQ). Not offered in the EEA since 20 Dec 2023 (Binance feed repost, 20 Oct 2023), and Binance France stopped accepting new EU users from 1 July 2026 after telling users it would not hold a MiCA licence by the 30 June deadline (third-party: Journal du Coin, 24 Jun 2026). No UK or US card. No confirmed Gulf card; a third party mentions GCC card terms naming Infinios but lists no Gulf country as live (third-party: CryptoCardHub, 11 Aug 2026). Third parties list Argentina, Armenia, Australia, Colombia, Mexico, New Zealand and Peru (third-party: CryptoCardHub, 11 Aug 2026; SpendNode, 6 Aug 2026; Descubre.vc, 17 Sep 2026). official

Identity checks: Binance identity verification with a Brazilian national ID, driving licence, passport or resident permit (official, Brazil Card FAQ).

What we still need confirmed

Facts marked official come from Binance's own pages or terms. Facts marked third-party are reported by a named review site and count as reported, not verified. These items are open for the next Monday sweep:

• Official page for the Global Program card: issuer, countries, fees. Rescore issuer to 2 if a licensed EMI or bank is named with its licence on a Binance page. open
• Whether any Gulf card is live, and the Infinios GCC terms. Rescore availability to 1 if the UAE or Saudi Arabia is served alongside one other region. open
• The condition behind the 1% versus 2% FX rate on the Brazil card. Rescore fx to 1 if the entry rate is 1.5% or below. open
• A safeguarding or segregation statement for card balances in Binance's terms of use. Rescore custody to 1 if found. open
• Official confirmation of Google Pay on the Brazil card. Rescore wallets to 1 if only Apple Pay. open
• Cardholder terms for Brazil: dispute window and response time. Rescore freeze to 2 if both are published. open
• US Department of Justice 2023 resolution could not be fetched in this check; confirm the current monitorship status for the health tag. open
• Flexible Earn rates for Brazilian cardholders and whether Earn balances can be spent without redemption. Rescore yield to 2 if yes with no fee. open

See a mistake? Email hi@cryptobanklist.com. Every factual correction is logged on our corrections page.

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