VitraCard (or VitraCash) saves all your debit card, credit card and gift cards in a single card. The card uses Artificial Intelligence (AI) to select the best card or bank account for every payment you make based on multiple factors such as insurance, cashback, transaction fees, etc. With one smart card, you can pay with your VitraCard Mastercard everywhere. The main alternative to VitraCard at the moment is Curve.
Contents
VitraCard Benefits
With Vitracard, you can consolidate all your debit and credit cards into a single app and physical card to eliminate the hassle of carrying multiple cards. Their AI automatically selects the most suitable card for each transaction, taking into account factors like rewards, transaction fees, and foreign exchange rates.
In terms of savings, Vitracard helps you cut down on fees by avoiding foreign exchange fees and ATM fees through intelligent card selection. Additionally, the system ensures that you make the most out of your rewards programs by automatically choosing the card with the best cashback or points earnings for each purchase.
Furthermore, Vitracard offers detailed spending analytics across all your cards, so you can track your budget and identify areas for improvement. Moreover, you have the flexibility to set spending limits and personalize card settings within the app, giving you greater control over your financial activities.
How to Get VitraCard
You need to request for VitraCard beta access code. Once you get your invite code and order your card, it should take around 5 days for your card to arrive, though it might take longer depending on where you live.
When going through sign up on VitraCard app, you will be prompted to complete KYC. Once you have done this, wait 5–10 minutes for the process to complete, then force close your app and re-open it. Once you return to the app, you will be able to order your physical card, where you can also set the pin that it comes with. In the meantime, you will be given a virtual card immediately after passing the verification step, so you can start paying with the virtual card.
How VitraCard Works
You add all your cards into VitraCard. This means you don’t have to carry all your cards all the time. The main function in the VitraCash app is the AI algorithm. If you have a card with 2% cashback and another card has 3% cashback, the algorithm will choose for you the card with 3% cashback. You can also manually specify the card to be used and circumvent the algorithm in case you need to be certain that a specific card is used.
Your VitraCard does not hold funds like traditional payment card, it uses the money in your cards that you have linked to VitraCard. This means you don’t have to add funds to VitraCard.
Vitracard provides convenient withdrawal options to access your funds whenever you need them. With Vitracard, you can withdraw cash from ATMs worldwide using your physical Vitracard or through the Vitracard app. Moreover, Vitracard seamlessly integrates with popular digital payment platforms like Google Pay and Apple Pay, allowing you to make purchases and pay for services with ease, whether in-store or online.
VitraCard Features
Active features at the moment include the following.
- Go back in time. Change the transaction from one card to another in case you selected a wrong card.
- VitraCard virtual card. Virtual card to ensure maximum security of your transactions. Your cards need to be added to get access to the virtual card.
- Rewards. The feature collects all the deals from your different cards and notify you.
- Track spending. You can track spending of all your cards in the app.
- VitraCard FX Fronted. This feature automatically does foreign exchange conversion for you based on the official MasterCard exchange rate and charge your card with the card’s local currency.
- Anti embarrassment feature. This is a feature that allows you to have a “fallback card” in case the card AI chooses has been declined.
Features that are in the pipeline include payment notifications, ability to customize how your cards look to know the difference, Apple Pay/Google Pay integration, and cryptocurrency support. VitraCard competitor, Curve Card, has a cryptocurrency functionality.
VitraCard Supported Banks, Accounts and Cards
At the time of writing this review, supported banks and accounts are those in EEA or UK including:
VitraCash supports cards available in the UK and EEA including MasterCard, Visa and Maestro. Support for other cards such as AMEX will come in the future.
If you happen to have one of those accounts that we don’t currently support, you can request us to look into it. While this doesn’t automatically mean will we instantly support it; it does mean we can see what types of accounts are getting the most interest.
VitraCard Fees
Here’s a breakdown of Vitracard fees as of February 1st, 2024:
| Fee Description | Fee Amount |
|---|---|
| Card Printing and Shipping Fee (only UK/EEA) | £10 (one-off payment) |
| Replacement Card Fee | £10 |
| Cash Withdrawals in GBP in the UK (per calendar month) | No ATM fees for the first £200 |
| 2% fee on amounts over £200 | |
| Cash Withdrawals in Local Currency outside the UK (per calendar month) | No ATM fees for the first £200 equivalent |
| 2% fee on amounts over £200 equivalent | |
| Debit Card Payments in GBP | No fees |
| Debit Card Payments in Foreign Currencies | No fees (exchange rates apply) |
| Receiving Money from Within the UK | No fees |
VitraCard Supported Countries
VitraCard has a license to operate in the United Kingdom and the European Economic Area (EEA).
Is VitraCard Safe and Legit?
In July 2022, somebody got unauthorized access to VitraCash servers and was able to charge cards with random amounts between 50 and 250 pounds. VitraCash said that it will refund each one who was affected by the hack.
VitraCard is a product of VitraCash Ltd, which is operating as a UK emoney distributor of Monavate Ltd, a regulated partner registered with the Financial Conduct Authority (FCA). The VitraCard is a Mastercard licensed by Mastercard International. Your card details will be kept within a PCI DSS compliant system to prevent any leaks. VitraCash is in beta mode at the moment, so there are a lot of unknowns. Curve is an alternative to VitraCash that has passed the beta phase and is in full mode.
VitraCard Reviews
Beta users are already sharing their experiences with VitraCard App in the community page. Common issues reported include troubles found in the verification process, VitraCard app crushing, inactive buttons, cards being declined, the algorithm not working properly, etc. The company expected these problems with the beta version, and they are using community feedback to fix them.
VitraCard Alternatives
There are many companies that have tried to offer similar products in the past, such as Plastc, but failed. Some have been in beta mode for some time. Curve is currently the main player in the new field of combining all your cards into a single one. There doesn’t seem to be a close competitor at the moment, and it is the card we recommend. Other players are the following:
- Curve Card
- Fuze Card (a smart card device, not an actual card)
- Lanistar (not yet officially launched)
Virtual Cards Alternatives
If you want to secure your debit card information, you can use virtual cards, which are highly secure. The following are online banks that provide virtual cards.
- Monzo
- Transferwise Borderless, now Wise Multicurrency
- Revolut
- N26
- Bunq
