The New Raenest Dollar Card Explained
The new Raenest Dollar Card is built to make global payments more seamless. Powered by Visa, it gives you broader acceptance, more control over how you spend, and a simpler payment experience by connecting directly to your Raenest balances.
Whether you're paying for software subscriptions, online shopping, travel, advertising, business tools, or everyday purchases while abroad, the new card is designed to help you spend globally without the extra steps.
At a Glance
Here's what you can expect from the new Raenest Virtual Card:
Visa-powered USD virtual card
Visa perks
Spend directly from your Raenest balances
No card funding is required before making payments, and no funding fees
Accepted on over 150 million merchants
Contactless (tap-to-pay) payments while abroad
Apple Pay and Google Pay support
Premium travel benefits
3D Secure authentication for added security
Freeze and manage your card directly from the Raenest app
What's New?
Now powered by Visa: The new card gives you access to over 150 million merchants where Visa is accepted.
Visa perks: Your card comes with cashbacks, valuable protections, including worldwide Auto Rental Insurance, Purchase Protection, Price Protection, and Extended Warranty, so you're covered long after you've paid.
Spend directly from your balances (USD, GBP, EUR and NGN): You no longer need to fund your card before making a payment. Your card now links directly to your Raenest balances.
No card funding fees: Since your card spends directly from your Raenest balances, there's no need to fund your card separately or pay card funding fees.
More room to spend: Daily spending limits of up to $20,000 and $60,000 monthly, depending on your KYC level.
Shop globally with ease: From North America and Europe to Asia and the Middle East, your card is accepted in more countries so you can pay confidently wherever life takes you.
Tap to pay: Use your card for contactless payments like Google Pay and Apple Pay while shopping abroad, from the corner café to the supermarket checkout.
More control and security: Freeze your card instantly whenever needed and complete transactions securely with 3D Secure authentication and OTP verification.
Fees
Creating a new Raenest Virtual Card costs $3.
Transaction fee: A $0.70 fee applies to every successful card transaction.
Cross-border processing fee: Payments made on non-US websites or in currencies other than USD attract a 2% + $0.40 Visa cross-border processing fee. Learn more about our card fees here.
Manage Your Card
You can manage your card directly from the Raenest app.
Access your card number, expiry date, CVV, billing address, and cardholder name securely whenever you need them.
View your transaction history to keep track of every payment made with your card.
Give your card a custom name to make it easier to identify.
Freeze your card instantly whenever you want to temporarily stop transactions. You can unfreeze it later from the app.
If you no longer need your card, you can terminate it directly from the app.
Remember, we are available to help if you need assistance. Reach out to our support team anytime via In-app chat or email at [email protected].