Hybrid custodial Mastercard offering credit against crypto collateral or direct debit spending.
The Nexo Card is a hybrid Mastercard that functions as both a credit and debit card for cryptocurrency holders. In Credit Mode, users can borrow against their crypto assets without selling them, while Debit Mode allows direct spending from crypto or fiat balances. This dual functionality gives crypto investors liquidity while maintaining potential asset appreciation.
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Crypto HODLers with >$5,000 wanting liquidity without selling assets.
You have <$5,000 in assets or live in the US/UK.
The Nexo Card is a hybrid payment card that functions as both a credit and debit card. It allows users to spend the value of their crypto without selling it by borrowing against their holdings (Credit Mode) or spend their crypto and fiat balances directly (Debit Mode).
The Nexo Card features no monthly or annual fees, but has conditional fees for certain services.
The Nexo Card offers a tiered rewards structure based on the user's loyalty tier. Cashback is paid exclusively on Credit Mode purchases and requires an account balance over $5,000. Users can choose to receive rewards in NEXO tokens (higher rate) or Bitcoin (lower rate). A monthly cap of up to €200 in rewards applies. Additionally, users can earn up to 14% annual interest on unspent balances when using Debit Mode.
| Tier | Rate | Up to |
|---|---|---|
| Base | 0.50% | — |
| Silver | 0.70% | — |
| Gold | 1% | — |
| Platinum | 2% | — |
Available in 29 countries across European Economic Area and United Kingdom. Restricted in 3 countries including Bulgaria (despite Nexo being headquartered there), Estonia, and United States.
Risk note. If Nexo ceases operations, users risk losing access to their funds. The platform is centralized, introducing counterparty risk.
Instant crypto-backed credit line in Credit Mode - no repayment schedule required
Rates were updated in May 2024 when Nexo increased minimum borrowing rate from 0% to 2.9% for Platinum users with low LTV. Balance recommendation introduced February 2025 for optimal terms.
Personal IBAN accounts support top-ups in USD, EUR, or GBP
Generally positive sentiment, especially among active Nexo ecosystem users. '99% of transactions' reportedly go through without issues. Appreciation for instant cashback and convenience of spending crypto.
Crypto HODLers who want to access the value of their assets without selling them, European travelers who benefit from competitive foreign exchange rates, active Nexo platform users with significant holdings who can qualify for higher loyalty tiers, and investors seeking passive income through up to 14% annual interest on unspent balances.
The Nexo Card successfully bridges the crypto and traditional finance worlds by offering users a way to access the value of their digital assets without selling them. Its dual-mode functionality—allowing users to either spend directly from their crypto/fiat balance or borrow against their assets—provides unique flexibility compared to standard crypto debit cards. The card delivers significant value for loyal Nexo users, particularly those at Gold and Platinum tiers who benefit from higher cashback rates, lower borrowing costs, and the ability to earn up to 14% annual interest on unspent Debit Mode balances.
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