Overview
On 11 November 2026, existing Plasma One memberships get new names and new benefits: Lite becomes Standard and Core becomes Premium. Platinum keeps its name. What changes for you depends on your current membership and how you joined, and your current rate, XPL lock and cashback bands are protected until your current term ends.
Effective 11 November 2026.
Does 11 November apply to everyone?
11 November is the changeover date for existing members. For new members, the updated memberships are available as soon as they launch.
What are the memberships called now?
Before | From 11 November |
Lite | Standard |
Core | Premium |
Platinum | Platinum |
What do the memberships cost?
Membership | Annual payment in USD | XPL qualification |
Standard | No membership fee | No XPL lock required |
Premium | $600 a year | Lock 20,000 XPL for 12 months |
Platinum | $2,500 a year | Lock 100,000 XPL for 12 months |
These prices do not replace an existing paid Core member's $199 rate before their current term ends. Existing XPL locks also continue on their current terms.
What happens to my existing membership?
If you are | What you keep | What happens at the end |
Paid Core ($199 a year)
| Your $199 rate and your existing base cashback bands until your term ends. | Premium costs $600 a year, or you can lock 20,000 XPL for 12 months. We will give you at least 30 days' notice before your renewal price changes. You will be able to cancel or choose to renew. |
Locked Core (20,000 XPL) | Your existing lock, which is not restarted or extended, and your existing base cashback bands until your lock ends. | You can continue with Premium by locking 20,000 XPL for another 12 months or paying $600 a year. |
Locked Platinum | Your existing lock and your existing base cashback bands until your lock ends. | You can continue with Platinum by locking 100,000 XPL for another 12 months, or pay $2,500 a year in USD. |
Complimentary Core | Your Core base cashback bands remain unchanged until your promotional period changes. | You can upgrade to Premium for $600 a year or by locking 20,000 XPL for 12 months, or move to Standard, which has no membership fee. |
Existing Lite | Your current 2% base cashback on your first $500 of eligible spend each month, and 0.1% above that. | Nothing changes. New Standard members earn 1% on their first $500 of eligible monthly spend and 0.1% above that. Existing Lite members keep their current rates. |
Which benefits change on 11 November?
These changes apply to Core members (now Premium) and to existing locked Platinum members.
One AI spend credit instead of separate AI benefits
For Core members moving to Premium, your current AI rebate and AI cashback become one $200 a year AI spend credit, allocated monthly.
For existing Platinum members, they become one $500 a year AI spend credit, allocated monthly.
The credit covers an expanded list of providers, including ChatGPT, Claude and Cursor. It replaces the separate AI benefits and is not added on top of them. Unused monthly credit does not roll over.
0% FX on Premium
Premium includes 0% FX on up to $3,000 of card spending each month. This also covers the Visa network fee.
Local rewards
Premium and Platinum include local rewards at selected merchants in Dubai, London and New York, with more locations to come.
→ See: How do local rewards work?
Platinum wellness credit and more airlines
Platinum includes a new wellness credit: 20% back on eligible Oura, WHOOP and Eight Sleep purchases, up to $100 every six months. More airlines also qualify for your flight credit.
Does "up to 3%" or "up to 4%" mean that rate applies to every purchase?
No. These are the highest rates within the existing Core and Platinum cashback bands, not flat rates on all your spending.
Paid and locked members keep their existing bands until their current term or lock ends, even after 11 November. The new membership bands do not replace those bands during that period. Cashback is calculated on captured (settled) transactions, not on authorised ones.
What is not changing?
Your card, ATM limits and Visa insurance benefits.
Your XPL lock. It is not restarted or extended by the changeover.
Your $199 rate, if you are a paid Core member, until your annual term ends.
Your current benefits, if you are a complimentary Core member, until your complimentary period ends.
Your current 2% base cashback, if you are an existing Lite member.
Do I need to do anything?
No. You do not need to buy a new membership or start a new XPL lock because of this update. Your continuation choices apply when your current term, lock or complimentary period ends.
Still not sure?
If you are not sure which group you are in, contact our support team and we will look into it for you.
Terms
Full details on cashback eligibility, referral conditions, and tier benefits are in the Plasma One Rewards Addendum.
Rates, amounts, limits, eligible merchants and perks are the parameters currently in effect. They are variable and may change prospectively in accordance with the Plasma One Rewards Addendum.
XPL is a digital asset. It is not legal tender, is not a bank deposit, is not government-backed, and is not FDIC or FSCS insured. Its value can fall as well as rise and may decline to zero.
UK users: Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk. See the additional disclaimers here.