What Is the LATAM FX Fee Rebate Promotion?

If you're using your KAST Card to make purchases in an eligible LATAM currency, you can benefit from the LATAM FX Fee Rebate Promotion on qualifying card spend.

When you make a qualifying purchase, KAST's FX fee may be charged at the time of spend. KAST will then provide a promotional credit-back of the FX fee amount, giving you an effective 0% FX fee on eligible LATAM card spending.

Note: This promotion applies only to qualifying card spend transactions. It does not apply to deposits, transfers, ATM withdrawals, virtual asset purchases, gambling transactions, or other non-qualifying transactions.

Promotion Period

Qualifying transactions must be successfully completed during the promotion period:

• BRL transactions: July 1, 2026 (00:00 local time) to December 31, 2027 (23:59 local time)
• All other eligible LATAM currencies: July 16, 2026 (00:00 local time) to December 31, 2027 (23:59 local time)

KAST may modify or discontinue the promotion for future transactions with at least 30 days' notice through the KAST app or by email. KAST may also modify or end the promotion immediately if required by applicable law, regulation, a regulator or governmental authority, the card issuer, or the card network.

Any change will not affect rebates or credits already accrued on qualifying transactions completed before the effective date of the change.

Who Is Eligible?

To qualify, you must:

• Have successfully completed KYC verification.
• Make a qualifying KAST Card spend transaction during the promotion period.
• Complete a transaction that results in an eligible foreign exchange conversion in one of the supported LATAM currencies.

Which Currencies Are Eligible?

Qualifying transactions must result in an eligible foreign exchange conversion in one of the following LATAM currencies:

Which Transactions Qualify?

A transaction qualifies if it:

• Is a KAST Card spend transaction.
• Results in an eligible foreign exchange conversion in one of the eligible LATAM currencies.
• Is successfully completed during the relevant promotion period.

Which Transactions Are Not Eligible?

The following transactions are not included in the promotion:

• Deposits
• Money transfers or remittances
• Inbound or outbound transfers
• Internal transfers
• Purchases of virtual assets
• Gambling transactions
• ATM withdrawals
• Declined or failed transactions
• Reversals, refunds, cancellations, or chargebacks
• Transactions that do not result in an eligible foreign exchange conversion in one of the eligible LATAM currencies

How Is the Rebate Calculated?

The rebate is calculated per qualifying transaction.

You'll receive a promotional credit equal to the KAST FX fee charged on that qualifying transaction.

Transactions cannot be combined, split, or recharacterized to increase the promotional credit.

What Is Covered?

The promotion covers the KAST FX fee charged on qualifying transactions.

For this promotion, FX fee means the foreign-exchange markup applied on top of the Network Wholesale Rate for a qualifying transaction under the card program.

What Is Not Covered?

The promotion does not cover:

• The Network Wholesale Rate itself
• Any margin embedded in the Network Wholesale Rate
• Dynamic Currency Conversion (DCC)
• Merchant surcharges
• Acquirer, network, or other third-party fees
• Taxes or government charges
• ATM fees
• Any other fees or charges that are not the KAST FX fee

When Will I Receive My Rebate?

Rebates are currently issued weekly.

Here's how it works:

• Eligible transactions are grouped from Monday 00:00 to Sunday 23:59 (UTC).
• Rebates are typically credited to your KAST account within 7 business days after the weekly period ends.
• Credits are paid in USD, based on the FX fee amount converted at the rate applied to the underlying transaction.
• Processing times may vary due to settlement timing, compliance reviews, or other checks.

KAST may apply a per-user rebate cap per calendar month.

Future Update

KAST plans to apply the rebate automatically at the time of purchase in the future.

Until automatic application is introduced, the weekly credit-back process will continue to apply. Once automatic application starts, KAST will notify users through the platform. From that effective date, the weekly credit-back terms will stop applying to new transactions.

Any rebate accrued under the weekly system before automatic application begins will still be paid out under the weekly terms.

What Happens If My Purchase Is Refunded?

If an eligible purchase is later reversed, refunded, cancelled, or charged back, KAST may reverse, withhold, or adjust the related promotional credit.

KAST may also delay, withhold, reverse, or adjust credits in cases of suspected fraud, abuse, error, reversal of the underlying transaction, or non-compliance with the promotion rules.

Fraud & Compliance

KAST may audit transaction activity at any time to ensure compliance with the promotion rules.

Fraudulent activity, artificial transaction behavior, manipulation of the promotion, or violation of the promotion rules may result in:

• Immediate disqualification
• Forfeiture or reversal of promotional credits
• Suspension or termination of the user's account

No Foreign Exchange Services

KAST does not provide foreign exchange, currency conversion, or currency trading in connection with this promotion or the underlying card transactions.

Currency conversion on local-denominated currency transactions is performed by the card network at the exchange rate determined under the network rules. This promotion consists solely of a promotional rebate funded by KAST.

Terms & Conditions

By participating in this promotion, you agree to the promotion rules and KAST's Terms and Conditions.

https://www.kast.xyz/legal/terms-and-conditions-of-service

Promotional credits are non-transferable, non-exchangeable, and cannot be redeemed for cash unless explicitly permitted.

This promotion is void where prohibited by law. Rewards may be subject to applicable tax or reporting obligations under local law.

Frequently Asked Questions

Do I Need to Activate the Promotion?

No. If you've completed KYC and make a qualifying card spend transaction during the relevant promotion period, you'll automatically qualify.

Why Do I Still See an FX Fee?

The promotion currently works as a credit-back. The KAST FX fee may appear when you make the purchase, and the eligible amount will be credited back later.

How Much Will I Receive Back?

You'll receive a rebate equal to the KAST FX fee charged on your qualifying transaction.

When Will I Receive My Rebate?

Eligible rebates are typically credited within 7 business days after the weekly calculation period ends.

What Currency Is the Rebate Paid In?

Rebates are credited in USD, based on the FX fee amount converted at the rate applied to the underlying transaction.

Are PIX Transactions Included?

No. PIX deposits and transfers are not part of this promotion.

Which Currency Option Should I Choose When Paying?

Always choose the local currency when making a card purchase.

For example, if you're paying in Brazil, choose BRL (Brazilian Real). If you're travelling and using your KAST Card in another eligible LATAM country, choose that country's local currency.

What Happens If My Purchase Is Refunded?

If your purchase is reversed, refunded, cancelled, or charged back, the related promotional credit may also be reversed, withheld, or adjusted.

Is There a Limit to How Much Rebate I Can Receive?

Yes. KAST may apply a per-user rebate cap per calendar month.

Will the Rebate Become Instant?

Yes. KAST plans to apply the rebate automatically at the time of purchase in the future. KAST will notify users through the platform once this becomes available.