Mastercard
Nexo Card
4.5/10Overall Score
Card Mode
Third-party custody
Card Type
CreditDebit
Mobile Payments
Google PaySupportedApple PaySupported
About the Project
Fees & Rules
01Getting Started
- Virtual Card Application
- $0
- Physical Card Application
- $0
02Spending & Conversion
- Base Transaction Fee
- 0%
- Top-ups Fee
- 0%
- ATM Withdrawal
- 2%
- FX Fee
- 2%
- Crypto / Fiat Conversion
- 0%
03Rewards
- CashbackCashbackHigher membership tiers can earn up to 2%.
- 0.5%
Card Guide
Overview
Nexo is a crypto lending platform founded in 2018, and its card is a Mastercard issued by the Lithuanian e-money institution DiPocket UAB. One card runs in two modes: Credit mode borrows against crypto collateral so the assets are never sold, while Debit mode spends the balance held in Flexible Savings, leaving the rest earning interest. The two are switched with one tap in the app, and that toggle is the main structural difference from an ordinary crypto debit card.
| Item | Details |
|---|---|
| Card forms: | virtual and physical, with Apple Pay and Google Pay. |
| Tiers: | Base, Silver, Gold and Platinum, set by the share of NEXO tokens in the portfolio. |
| Funding: | crypto deposited to the Nexo account, or fiat by SEPA. |
| Use cases: | global Mastercard acceptance, online subscriptions and ATM withdrawals. |
Benefits
| Item | Details |
|---|---|
| Credit mode cashback: | 0.5% at Base, 0.7% at Silver, 1% at Gold and 2% at Platinum, paid in NEXO, or 0.1% to 0.5% if paid in bitcoin. |
| Eligibility: | more than USD 5,000 of digital assets is required to join the Loyalty programme and start earning. |
| No forced sale: | credit mode keeps the collateral in the account, avoiding a sale and the tax event that follows. |
| Debit mode yield: | idle balances earn daily interest at up to roughly 13% a year. |
| Physical card: | requires a portfolio above USD 5,000 and Gold tier, with the first card shipped free. |
| Referral: | USD 180 in bitcoin for each friend who joins. |
Fees
| Item | Details |
|---|---|
| Issuance: | free. Annual, monthly and inactivity fees: zero. |
| Spend fee: | none. |
| FX fee: | 0.2% on weekdays and 0.7% at weekends between EEA, UK and Swiss currencies; 2% on weekdays and 2.5% at weekends for everything else. |
| ATM: | a monthly free allowance of EUR 200 at Base, 400 at Silver, 1,000 at Gold and 2,000 at Platinum, then 2% per withdrawal with a EUR 1.99 minimum. |
| Borrowing cost: | credit mode starts at 2.9% a year and scales with tier and loan-to-value. |
Availability
| Item | Details |
|---|---|
| Supported: | the EEA, the UK, Andorra and Monaco, with Argentina added on 8 July 2026. |
| Not supported: | the United States is outside the service area. |
| Onboarding: | 18 or over, verified with an ID issued in the EEA, the UK or another eligible European country; the virtual card activates once the account holds USD 50. |
| Cashback restriction: | UK cardholders earn no cashback under FCA rules. |
| Liquidation risk: | collateral falling below the threshold triggers a margin call or forced liquidation. |