Up to 12% cashback! Fat Penguin launches a crypto payment card, Pengu Card tier benefits available at a glance

Pengu Penguins Partners with Visa and KAST Launches Pengu Card Supporting Payments in 170 Countries with a Focus on Stablecoin Spending and Up to 12% Rewards

In collaboration with the payment platform KAST, Pengu Penguins is entering the global retail financial industry

Renowned blue-chip NFT project Pengu Penguins (Pudgy Penguins) officially announces its expansion into the consumer finance industry, partnering with Visa and the global currency app KAST to launch the flagship cryptocurrency payment card, the Pengu Card. This partnership signifies Pudgy Penguins’ transformation from a purely blockchain IP into a broader retail and traditional financial market, aiming to make it easier for millions of users worldwide to spend and earn assets in their daily transactions.

Image source: X/@pudgypenguins Pengu Penguins collaborates with Visa and KAST to launch the flagship cryptocurrency payment card, Pengu Card

According to official statements, Pengu Card supports usage in over 170 countries and regions worldwide, allowing users to make purchases and withdrawals at more than 150 million Visa-accepting merchants and ATMs. The core advantage of the card lies in its integration of stablecoin technology, enabling users to directly deposit cash, USDC, USDT, or other cryptocurrencies for payments without the cumbersome process of withdrawing through centralized exchanges (CEX), greatly enhancing the flexibility of digital asset usage.

As the technology provider for Pengu Card, KAST is a global currency app focused on stablecoin applications, offering services including virtual accounts, payment cards, asset custody, and deposit/withdrawal. Visa, as one of the world’s largest international card organizations, has a robust payment network and connects with multiple issuing and acquiring banks across various countries, handling transaction authorization and settlement, with actual card issuance performed by banks.

Note: Visa itself does not directly issue cards; the so-called “Visa crypto payment cards” on the market are actually issued by banks or licensed institutions. Visa only provides the payment network and brand licensing. Claims of “Visa-issued cards” may be misleading advertising.

KAST emphasizes that although it offers services similar to a bank, it is fundamentally a fintech company. All related services are provided through regulated partners to ensure fund security and compliance.

Through this collaboration, Pudgy Penguins aims to extend its brand from digital collectibles into physical payment terminals, allowing the value that exists solely on the blockchain to be directly linked to traditional consumption ecosystems via physical cards or mobile payment tools.

Three Card Tiers Revealed, Up to 12% Rewards and 7% Annual Deposit Yield

To meet different spending needs, Pengu Card offers three tiers: Standard, Black (Premium), and Gold (Luxe). Each tier provides attractive cashback mechanisms.

• Standard tier users receive 6% rewards;
• Premium (Black) tier rewards increase to 8%–9%;
• The highest Luxe (Gold) tier offers up to 12% cashback on spending.

Image source: Pengu Card Pengu Card features three tiers: Standard, Black (Premium), and Gold (Luxe)

In addition to spending rewards, the card integrates KAST’s earning ecosystem. Users who deposit funds into the card can earn up to 7% annualized deposit yield and also perform instant global remittances via the KAST platform.

The Pengu Card product roadmap will be rolled out in phases. Initially, virtual cards will be issued, allowing users to immediately add the card to digital wallets for online spending. Later, the distinctive physical card will be launched.

The physical card design continues the adorable and recognizable style of Pudgy Penguins. Visuals provided by the official show embossed penguin images on the card face, along with the Visa partnership logo, demonstrating its professionalism and fun as a mainstream payment tool. This combination of NFT visual art and financial products is expected to attract many Pudgy Penguins holders and new users interested in crypto payments.

Waiting List Opens for Early Access and Top Referrers Receive Free Premium Cards

The Pengu Card waitlist is now officially open worldwide. Users interested in obtaining the card must download the KAST app and create an account. Since Pengu Card operations must comply with local financial regulations, all applicants are required to complete identity verification (KYC). To promote the new card, the official offers a reward: anyone who successfully joins the waitlist will receive a free Standard Pengu Card.

To further incentivize community participation, Pudgy Penguins and KAST have set up a referral leaderboard. Users who join the waitlist will receive a unique referral link. Each successful referral increases their ranking on the leaderboard. The final rankings will be settled before the virtual card launch, and the top 10 users will receive a free upgrade to the higher-tier Black card.

Image source: Pengu Card The top 10 referrers will receive a free higher-tier Black card

The waitlist is expected to be open for several weeks before transitioning to virtual card issuance. For long-term holders of Pudgy Penguins assets or frequent crypto payers, this is not only an opportunity to get physical merchandise but also a chance to experience new crypto financial services.