Short answer
The Shakepay Card is a free prepaid Visa that spends your Shakepay CAD balance and pays 1% back in bitcoin, or 1.5% at Blue status. Foreign purchases cost 3%, 1.5% or 0% by monthly status. Base cashback drops to 0.5% on December 1, 2026. It is offered in all 13 provinces and territories.
Figures as of October 31, 2026.
Fees
- Annual / monthly
- No annual fee (source, read 2026-10-31)
- Foreign currency
- 3% (Base), 1.5% (Bright), 0% (Blue) (source, read 2026-10-31)The cardholder agreement lists a 3% foreign exchange charge; the status discounts are in Shakepay’s help centre.
- ATM
- No Shakepay ATM fee listed; ATM operators may charge. Limits: $500 per withdrawal, $1,000 a day; physical card only; no rewards on ATM withdrawals (source, read 2026-10-31)
- Card issuance / replacement
- Free to get; virtual card at once, physical card mailed within about 21 days (source, read 2026-10-31)
Rewards and how they pay out
- Headline
- 1% back in bitcoin (1.5% with Blue status) (source, 2026-10-31)
- Paid in
- Bitcoin (BTC) (source, read 2026-10-31)“Cashback rewards are only issued in bitcoin.”
- When credited
- After the purchase settles, typically 1–14 days, at the BTC/CAD rate when paid (source, read 2026-10-31)
- Condition
- No cashback on ATM withdrawals, account top-ups, bill payments, Shakepay-a-friend, money orders, crypto purchases or securities purchases (source, read 2026-10-31)
- Condition
- Status is earned month by month and lasts the rest of that month plus the next (source, 2026-10-31)
| Tier | Reward rate | What it requires | Monthly fee | Foreign currency | Reward cap |
|---|---|---|---|---|---|
| Base | 1% | Every customer starts here (source, 2026-10-31) | — | 3% | None stated |
| Base from Dec 1, 2026 | 0.5% | Announced change: Base cashback falls from 1% to 0.5% on December 1, 2026 (source, 2026-10-31) | — | 3% | None stated |
| Bright | 1% | Exchange $100+ or receive $200+ in direct deposits in a calendar month (exchange minimum rises to $200 on Dec 1, 2026) (source, 2026-10-31) | — | 1.5% | None stated |
| Blue | 1.5% | Exchange $1,000+ or receive $2,000+ in direct deposits in a calendar month (source, 2026-10-31) | — | 0% | None stated |
Where it’s available
- Provinces and territories
- All provinces and territories (source, read 2026-10-31)Shakepay: “Available to all Shakepay customers in all 13 provinces and territories.”
Custody, spending and wallets
- Who holds the crypto
- Custodial (source, read 2026-10-31)Rewards land in your Shakepay bitcoin balance; you can withdraw them to your own wallet.
- How a purchase is paid
- Spends your CAD balance only; to spend crypto you first sell it for CAD (source, read 2026-10-31)
- Apple Pay
- Yes (source, read 2026-10-31)
- Google Pay
- Yes (source, read 2026-10-31)
Regulatory status
- Card issued by
- Peoples Trust Company, under licence from Visa; Shakepay distributes and administers the card (source, read 2026-10-31)
- Platform
- Shakepay Inc. is on the CSA list of authorized crypto trading platforms (decisions May 25, 2023 and Jan 8, 2025); Shakepay states it is a CIRO member registered as an investment dealer in all provinces and territories; FINTRAC MSB M17065696 (source, 2026-09-18)
Check the platform yourself on the CSA authorized list. More in who regulates crypto cards.
The tier most people would start on, at $1,500 a month in CAD and $150 in foreign currency.
| Card and tier | Shakepay Card — Base |
|---|---|
| Purchases in CAD | $1,500 a month |
| Purchases in a foreign currency | $150 a month |
| Rewards (at the CAD value when credited) | $198.00 a year1% of eligible spend, paid in BTC |
| Fixed fees | $0.00 |
| Foreign-currency fees | −$54.00 |
| Net a year | $144.00No fixed fee to recover. |
Open this example in the calculator →Computed 2026-11-03.
What every tier could earn on that budget
$1,500 a month of Canadian purchases and $150 in foreign currency, with rewards valued on the day credited. Use the calculator for your own numbers.
| Tier | Rewards / yr | Fees + FX / yr | Net / yr |
|---|---|---|---|
| Base | $198 | −$54 | $144 |
| Base from Dec 1, 2026 | $99 | −$54 | $45 |
| Bright | $198 | −$27 | $171 |
| Blue | $297 | $0 | $297 |
Before you apply
- Base cashback halves on December 1, 2026 (1% to 0.5%), per Shakepay’s help centre. The calculators show both rates.
- Status depends on what you do each month. Miss Bright or Blue one month and you drop back to Base the month after, with the 3% FX fee.
- Funds loaded onto the card are not insured by CDIC (cardholder agreement).
- Rewards are bitcoin: their CAD value moves after they land. See reward value after volatility.
- Transaction limits: $5,000 per transaction and per day, $50,000 per month.
Official sources for this card
- Shakepay — Card — no date shown; read October 31, 2026
- Shakepay Help Centre — What are the Shakepay reward statuses? — page dated October 31, 2026
- Shakepay Help Centre — Cashback rewards with the Shakepay Prepaid Visa Card — no date shown; read October 31, 2026
- Shakepay Help Centre — What are the fees and limits of the Shakepay Card? — no date shown; read October 31, 2026
- Shakepay Help Centre — How do I order and use my physical Shakepay Card? — no date shown; read October 31, 2026
- Shakepay Help Centre — How does the Shakepay Card work? — no date shown; read October 31, 2026
- Shakepay Visa Prepaid Card — Cardholder Agreement (Peoples Trust Company) — no date shown; read October 31, 2026
- CSA — Crypto platforms authorized to do business with Canadians — page dated September 18, 2026