A Peruvian crypto card with no monthly fee — and a lot of blank spaces

Updated October 2026

Licensed

Available in US

Fast payouts

18+ Only

Most card reviews are written for people who already have a normal bank account and are just looking for a cheaper way to spend crypto. That is not the situation this card is built for. The Tulkit card is aimed at residents of Peru who want to hold and spend money without a conventional bank relationship — topping up with Yape, Plin, a bank transfer or crypto, then paying by Mastercard or QR. If that is your situation, this page is for you. If it is not, most of what follows will read as interesting but irrelevant, and the “what to take instead” section will be more useful to you than the first half.

The short answer on quality: 5.5 out of 10. Not a bad card, not a dangerous one as far as anyone can tell — a thin, workable one with unusually good news on cost and genuinely poor news on disclosure. There is no monthly fee and no annual fee, the account and both cards are free, and I found no complaints against the operator. Against that, the card is only stated to be available in Peru, the crypto conversion fee is not published, the exchange rate is described only as “one of the best on the market” with no figure, and almost nothing is said about daily card spending limits, ATM use or mobile wallets. Half of the score is cost; half of the reason for the cost score is what is missing from it.

The conditions described here are current as of October 28, 2026.

Who should look at this card: residents of Peru who want to top up with Yape, Plin or crypto, who are comfortable with a prepaid balance rather than a bank account, and who will not be discouraged by having to check the terms with support before they commit. Who should not: anyone outside Peru, anyone who needs a physical card delivered to an international address, anyone who cannot clear identity verification, and anyone who needs a large daily card limit — the only published figure is for QR payments, and it is not high.

Will they give you the card?

They will probably decline to give it to you if you do not live in Peru, and that single fact shapes everything else on this page.

Peru is the only country the card’s public pages name. The physical card ships anywhere in Peru. Foreign applicants are mentioned in one specific case: foreigners who hold a valid Peruvian immigration card. So the practical test is not “which citizenship are you” but “do you have a Peruvian address and a way to clear local identity checks.”

This is not a rare pattern. A large share of cards in this category are built around one country’s payment rails, and their public pages simply do not talk about anyone else. If you are reading this from outside Peru, the honest summary is that there is nothing on the card’s own pages that says you are eligible, and a card you cannot be verified for is not worth further planning. Peru is also where the two local mobile-money rails the card leans on, Yape and Plin, actually exist and function, so this is a coherent product for its home market rather than a half-finished international rollout.

One thing worth separating out here, because it is a common source of confusion: the card settles only in soles. So even in Peru, this is not a card for holding a dollar balance or a euro balance. Anything you want to spend has to end up as soles.

How to get it

Registration is quick and, on the card’s own account, paperless — identity verification “takes a few photos,” registration takes minutes and under two minutes, with no paperwork and no credit check. That is the whole pitch. You photograph documents, the account appears, and a virtual Mastercard is there immediately.

What you will not find written down anywhere on the public pages:

• The list of accepted identity documents
• Whether proof of address is required
• The minimum age
• Which verification tiers exist, if more than one does

That last group matters more than it sounds. “Takes a few photos” describes the easy path. Whether you pass depends entirely on which documents the operator wants to see, and that is exactly the sort of thing you only learn after a refusal. If your documents are unusual — a passport with no national ID, a residence permit instead of a citizenship document, an address that does not match your bank records — that uncertainty is worth resolving with support before you rely on this card.

Once you are in, the card itself is Mastercard, in both virtual and physical form, with 12 physical designs to choose from. The virtual card is issued instantly. The physical card is shipped free of charge anywhere in Peru. How long that takes, and what a replacement costs if it is lost or stolen, are not stated.

So the short version of signup: fast in principle, thin on detail, and gated on Peru. There is no credit check, which matters if you have a thin or missing credit file, but there is also no published schedule of what you need to present.

Fees: what it really costs to use the Tulkit card

The headline pricing is genuinely good, and it is worth being precise about why that headline is good and where it stops.

There is no monthly fee and no annual fee — the card’s own wording is “sin costo mensual, ni anualidad.” Opening an account is free. Requesting the physical card is free. Requesting the virtual card is free. Moving soles in or out via Yape, Plin and banks is free. On top of that, the exchange rate is described as “one of the best on the market” without a number, which is a claim rather than a figure and is not something you can check or compare from the page.

What is not stated anywhere in the public material:

• The crypto conversion fee — what proportion Tulkit takes when you convert crypto into a spendable balance
• The foreign exchange fee — what happens when the underlying asset is not already in soles
• ATM fees
• Any tier structure: a subscription level called “Tulkit+” is mentioned in the context of crypto withdrawals, but its content is not described

The detailed fee schedule exists, in a document the card calls the “Tarifario Tulkit Card” PDF. That is where the real numbers are, and it is the first thing you should ask for.

Now let me walk three everyday payments through this, because a card with a zero monthly fee can still be expensive per transaction, and it is the per-transaction layer that will decide whether this suits you.

Buying a coffee in soles from a soles balance. This is the cheapest possible case, and it is the case the free local transfers are built for. You top up with Yape, Plin or a bank transfer at no charge, and you spend soles. No conversion, no FX, no percentage. If this is most of your life, the cost of the card really is zero.

Buying something priced in dollars, paying from a soles balance. Here you hit the wall of undisclosed pricing. Either there is an FX spread on the conversion or there is not, and the pages do not say which, or how much. “One of the best on the market” is not a number. If you shop in anything other than soles regularly, this is the gap that decides your cost, and you need the tariff PDF or a direct answer from support.

Spending from crypto. This is the case the card exists for, and it is where the missing crypto conversion fee hurts most. You convert crypto to a spendable balance and the operator takes a cut that is not published. You may get Bitcoin back on the purchase, but the reward terms are unstated. A card whose main attraction is “spend crypto cheaply” that does not print its conversion fee is asking you to take the pricing on faith.

And one category-level point that catches everyone: blockchain network fees. When you send crypto to a card provider’s wallet, the network charges its own fee for the transaction. That fee comes from the blockchain, not from Tulkit, so it is not in the card’s tariff — but you still pay it, and on some networks it is not small.

Top up: four ways to get money onto the card

Topping up works around the clock, 24/7, by one of four routes: Yape, Plin, bank transfer, or crypto. That is the practical heart of the product for a Peruvian without a normal bank relationship, because Yape and Plin are the mobile-money rails most people in Peru already use.

For soles, all three local routes are free of charge: Yape, Plin and bank transfer. The crypto route is the one where the detail stops. The card names starting data including BTC, ETH and USDT among others, but does not publish the list of coins it accepts or the networks it accepts them on. That is the single most practical gap on this page for a crypto user, because sending on the wrong network is how people lose money.

One background fact worth having in your head: a crypto transfer is irreversible. If you send to a network the provider does not support, or to an address belonging to a different network, the money can be gone and recovery becomes a support request with no guarantee. There is no undo button anywhere in this system. This is why “which networks does Tulkit support” is not a pedantic question — it is the question that protects your deposit.

Also not stated: minimum top-up amounts, any deposit fee, and how network fees are handled on the crypto route.

On the way out, crypto remains available for withdrawal at any time and transfers are described as instant. No withdrawal fee is stated. What happens to any remaining balance when you close the account is not stated, and that is worth asking about before you close anything.

Paying with it every day

Day to day, the Tulkit card behaves like a prepaid card. You load a balance, you spend it, it runs out. It cannot overdraw, because there is nothing to overdraw from. That is a feature if you are managing a tight budget, and a limitation if you have ever relied on a card for a hotel or a car rental that takes a large hold.

The card is Mastercard, virtual and physical, in 12 designs, settling only in soles. The pages describe paying in soles, dollars or crypto depending on the page — but the prepaid cards settle only in soles, and the multicurrency FAQ answer is missing from the public site. Treat “pay in dollars” as a page inconsistency rather than a promise, and plan around soles.

The QR daily cap of S/5,150 is the only hard number on spending you get. Card limits can be set in the app, which is genuinely useful: you can lower your own exposure at any moment without asking anyone.

What you do not get told: whether Apple Pay or Google Pay work, whether this is even supported. That is a real gap, because tokenised mobile wallets are how most people actually pay now, and their absence from the page is conspicuous for a card launched into a market where almost every competitor advertises them.

On the positive side, there is a reward: up to 2% back in Bitcoin on each purchase. “Up to” is doing real work in that sentence, and the further conditions are not stated — so treat it as a pleasant possibility rather than a number you can model.

Also unstated: whether wallets are offered, and how disputes work when a payment goes wrong.

What can go wrong

Let me separate the things I could not find from the things that could actually happen to you.

What I searched for and did not find. No official incident. No third-party complaints — there is no Trustpilot page for tulkitpay.com, which is not evidence of anything good, it just means the search came back empty. No dated events in the news. The complaints procedure is published and it is named, but that is a policy on a page, not evidence anyone has used it.

Who is actually behind it. Tulkit Pay S.A.C. handles the fiat and crypto conversion. The e-money — the actual spendable balance — is issued by GMoney S.A., described as “authorized and regulated by the SBS,” which is Peru’s banking and financial regulator. No licence number is given. That matters more than it sounds: an e-money licence is the permission that makes the balance legally yours rather than a private arrangement, and the number is how you check it. Ask for it. Separately, Tulkit Pay is not a bank, and it is not the issuer in the regulatory sense — the issuer is the e-money institution.

The custodial question. The card claims bank-level security and encryption, and states that 90% of assets are held offline. That is a custodial model: the provider holds the keys, so you trust the provider completely. This is worth understanding rather than fearing. Control of crypto belongs to whoever holds the private key or seed phrase — typically 12 to 24 words that anyone can use to restore a wallet and spend its funds. With a custodial wallet, the provider holds those credentials and the seed phrase is the user’s only real copy. And crypto transfers have no built-in recovery: the network cannot freeze or return funds.

Custody has a track record. Mt. Gox lost roughly US$350 million to theft between 2011 and 2014; Coincheck about US$400 million in 2018; the Ronin Network bridge US$625 million in 2022. That does not make Tulkit unsafe — I found no complaints — but it tells you that holding funds with a custodian carries counterparty and hack risk that does not exist in a wallet you control.

The safeguard list. The card does offer the tools that matter: card lock and unlock, a freeze function, card limits you set yourself, and a report-account-theft form. Two-factor authentication in the app is the sort of thing worth confirming is on by default. What is not stated is whether customer funds are safeguarded — that is, held separately or insured. This is the EU requirement for e-money institutions to safeguard customer funds, and it is the question to ask before you keep a balance on the card.

Getting stuck. A declined authorisation can leave a hold on your money for several days, typically up to seven. That is worth remembering the next time a large payment is declined and your balance looks lower than it should.

Support. Email at [email protected] for Tulkit, and [email protected] for GMoney. A complaints book called “Consultas y Reclamos” is registered. No phone number, hours are not stated, and the WhatsApp link on the site is a placeholder — so if you are trying to resolve a problem before a crypto transfer, email is the working channel and you should expect it to be the slow one.

The category risk nobody warns you about. Card programmes get closed. Visa terminated its global agreements with FTX on 13 November 2022 and the FTX US debit card was wound down by its issuer. Visa suspended issuer WaveCrest in Europe in 2018, closing all WaveCrest-issued Visa programmes. Programme closures typically run in a predictable order: notice, then spending and loading stop, then you are asked to withdraw what is left. A 2026 closure reported by a single secondary source had new loads end on 8 July 2026 and spending stop on 8 August 2026 — that one source is unconfirmed, and I am giving it to you as an illustration of the timeline rather than as a fact. None of this says anything specific about Tulkit. It says that the answer to “is Tulkit safe” includes “for how long,” and that keeping your whole balance on a prepaid card is a choice with a cost when programmes end.

What to take instead

Three alternatives came up in the same category, and each one is stronger on something Tulkit is weak on — usually because it is aimed at a different user.

International Visa Card scores higher than Tulkit overall, and its pricing is more honest in a specific way: it publishes the 2% FX fee instead of calling the rate “one of the best on the market”. Its card is virtual only, physical is listed as coming soon. The rule is by residence or registration, not citizenship — and the account is not available to residents or legal registrants of Belarus, mainland China, North Korea, Cuba, India, Iraq, Iran, Israel, Myanmar, Nepal, Nicaragua, Russia, Syria, Turkey, Ukraine and Venezuela, with FATF grey-list countries reviewed case by case. Purchases are blocked in North Korea, Cuba, Iran, Russia, Syria, Ukraine and Venezuela. Deposits are USDC or USDT into the USD account, free at 1:1, plus USD, EUR, SEPA, SWIFT and FedNow. No cashback stated. Plans run Classic free, Pro $9.00/month and Max $19.00/month.

UNi Card is the most transparent on exchange pricing of anything here: no annual fee, no foreign transaction fee, assets converted at live OTC rates, “no hidden exchange fees”, and spend-to-earn rewards up to 3%. It sits on the Mastercard network and spends from the UNi.Global account balance. What it does not publish is almost everything else — eligibility, funding route, and whether you get plastic or a virtual card.

Whop Cards is a Visa that spends from a Whop balance, with 5% cashback at select merchants — currently Uber, with more planned — and a page that says “no extra fees” without listing a single amount. Consumer support covers 31 US states and 41 states for businesses; a list of unsupported countries is published but the basis, citizenship or residence, is not stated. Funding is backed by stablecoin collateral from a linked wallet, with coins and networks unstated.

The pattern across all four: the more international a card is, the less it helps if you are in Peru without a bank account, and the more local it is, the thinner its published terms tend to be. Tulkit’s absence of a virtual-card-when-you-are-anywhere option is not a defect. Its absence of published fees is.

Who I would recommend it to

I would recommend the Tulkit card to someone in Peru who has no ordinary bank card and wants to be paid and spend through Yape and Plin, who is comfortable holding a prepaid balance rather than a bank account, and who will spend in soles. For that person, the absence of a monthly or annual fee and free local transfers is a real, concrete advantage, and the app-based card lock, freeze and adjustable limits are the right tools to have in hand.

I would not recommend it as your only card. Not because anything bad happened — I found no complaints and no incidents — but because so much of the pricing that would matter is missing: the crypto conversion fee, the FX fee, ATM costs, daily card limits, mobile wallet support, and what happens to a remaining balance at closure. And if you are outside Peru, or hold no Peruvian address and no valid Peruvian immigration card, this is not your card regardless of how the fees look.

Two questions would change my assessment if you got them answered: what the crypto conversion fee actually is, and which networks are supported for deposits. Everything else on this page is already answered. Those two are not.

Frequently asked questions

What is the Tulkit card?

It is a prepaid Mastercard for residents of Peru. You load a balance — by Yape, Plin, bank transfer or crypto — and spend from that balance; it cannot overdraw because there is nothing to overdraw from. Tulkit Pay S.A.C. runs the crypto and fiat conversion, and the e-money balance itself is issued by GMoney S.A., described as authorized and regulated by Peru’s SBS. It is a payment product, not a bank account.

Is Tulkit a bank?

No. It is a card programme from a fintech, with the spendable balance issued by an e-money institution rather than a bank. That distinction matters for what happens to your money in a bad scenario, and for the fact that such balances are not bank deposits. Ask GMoney whether customer funds are safeguarded in dedicated accounts or insured, since the public pages do not say.

Is the Tulkit card free?

There is no monthly fee and no annual fee, the account is free, and both the physical and virtual cards are free to request with free delivery inside Peru. Sending and receiving soles via Yape, Plin and banks is also free. What is not published is the crypto conversion fee, the FX fee and ATM costs, so “free” is accurate for the parts that are disclosed.

Can I get the Tulkit card outside Peru?

On the card’s own published terms, probably not. Peru is the only country named, and the physical card ships only within Peru. The one foreign applicants mentioned are those with a valid Peruvian immigration card. Because the card settles only in soles, there is little point in it as a foreign card even if an application were accepted.

What do I need to sign up for the Tulkit card?

Identity verification “takes a few photos” and registration is described as taking under two minutes with no paperwork and no credit check. The catch is that the public pages never list the accepted documents, whether proof of address is needed, or the minimum age. If your documents are unusual in any way, ask support first.

Does the Tulkit card require KYC?

Yes, in practice. It takes photos of your identity documents to verify the account, which is the standard identity check that regulated businesses are required to carry out. The card’s pages do not describe tiers or verification levels. Cards of this type are generally limited to adults, though the specific age for Tulkit is not stated.

How do I top up the Tulkit card?

Four ways, available 24/7: Yape, Plin, bank transfer, or crypto. The first three are free for soles. For crypto, the coin and network lists are not published — starting data mentions BTC, ETH and USDT among others — which matters because transfers on an unsupported network can be lost, since crypto transactions cannot be reversed.

What are the Tulkit card’s limits?

The only published figure is a QR payment cap of S/5,150 per day. Card limits you set yourself in the app, which lets you lower your own exposure at any time. No standard daily card spending limit, monthly limit or ATM limit is stated, so if you need a large limit you will have to ask what the ceiling actually is.

Can I use the Tulkit card in Apple Pay or at an ATM?

Neither is confirmed on the card’s public pages. Apple Pay and Google Pay support is not stated, and ATM fees are not stated. Since tokenised mobile wallets are how most people pay day to day, treat this as something to verify before relying on the card as your everyday method.

Is the Tulkit card safe?

I found no complaints and no incidents against it, which is worth something but is not the same as a guarantee. The card claims bank-level security, encryption, and 90% of assets held offline, and offers card lock, freeze, app-set limits and an account-theft report form. As a custodial product it carries counterparty risk, and card programmes can be wound down by their network — as happened with FTX in 2022 — so ask whether customer funds are safeguarded.

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