OneGold Launched New Card for Precious Metals Spending
The new Mastercard allows users to spend gold and silver holdings directly at any location where the card is accepted.
Updated on Oct. 13, 2026 in Credit Cards
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OneGold has introduced a new Mastercard-branded card that enables customers to spend their gold and silver holdings on goods and services. The card automatically converts precious metal holdings into currency at the current spot price during transactions.
Why it matters
The introduction of this card provides a new method for users to convert their stored precious metals into liquid assets for everyday purchases. By bypassing traditional redemption processes, the product aims to make gold and silver assets more practical for daily use.
The OneGold platform currently manages over 4 million ounces of metal and has processed more than $1.5 billion in transactions since its founding. The card is issued through Cross River Bank, though OneGold remains a non-FDIC-insured entity.
The players
OneGold
This company provides a platform for individuals to purchase, manage, and store gold and silver bullion.
Cross River Bank
This financial institution serves as the issuing bank for the new OneGold Mastercard.
The details
Customers can order the new card through the updated OneGold mobile application or website and integrate it with Apple Pay or Google Pay. The system is designed to provide seamless access to metal holdings by instantly executing conversions whenever the card is used.
Timeline
The OneGold platform was founded in 2018.
OneGold launched the card and platform update on October 13, 2026.
A silver conversion fee waiver for customers is set to expire on December 31, 2026.
Market Dynamics
This move reflects the ongoing industry trend of integrating alternative wealth holdings into standard retail payment networks. It positions the company to compete with fintech platforms that prioritize the immediate liquidity of digital and physical assets.
Users can now leverage their precious metal holdings for daily retail purchases without needing to manually sell their assets through an exchange. Consumers should note that because OneGold is not an FDIC-insured bank, holdings managed on the platform do not carry standard federal deposit protections.
The takeaway
This development allows precious metal holders to utilize their assets for routine spending through a standard payment network. Users should carefully review the specific fee structures that will apply to their accounts once the current promotional waivers end.
What happens next
The silver conversion fee waiver currently offered to users will expire on December 31, 2026.
Further reading
For additional context on how modern financial products are evolving, visit the Credit Cards section.
More information
To manage your account or order the new card, visit the OneGold card order and platform access.
Source note: This article includes information reported by The Manila times.
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