Our verdict
Best for: Users who want to spend without selling crypto, using it as collateral
Nexo Card operates as a credit line against your crypto holdings, you spend fiat while your crypto stays invested and (potentially) appreciates. The realistic 2% cashback is solid. The key risk is the collateralised model: a sharp drop in your collateral asset's value can trigger a margin call. Not available in the US. For users who are long-term holders and don't want to trigger taxable sales, this is a structurally interesting option.
Specifications
| Card network | Mastercard |
|---|---|
| Provider | Nexo |
| Funding model | Credit line (you spend, then settle later) |
| Settlement currency | multi_currency |
| Available in | Europe + UK |
| Supported chains | Multiple via Nexo platform |
| Supported assets | BTC, ETH, USDC, NEXO and 60+ assets |
| Issuance fee | $0 |
| Monthly fee | $0 |
| FX markup | 1.35% |
| ATM fee | 2% + $2 |
| Top-up fee | 0% |
| Foreign transaction fee | 1.35% |
| Cashback | Up to 2% in NEXO or BTC |
| Daily spend limit | $10000 |
| Monthly spend limit | , |
| Daily ATM limit | $2000 |
| Last verified | 2026-04-30 |
What to watch out for
- Dual-mode: Credit Mode borrows against crypto collateral (preserves holdings, 2.9-18.9% APR by tier) OR Debit Mode spends from balance
- up to 14% APY on unspent balance
- €2000/£1800 free ATM monthly
- FX 0.2% Europe/UK weekday, 0.7% weekend, 2-2.5% rest of world
- UK cashback NOT available
Editorial notes
- Free virtual card with $50 minimum
- physical card requires $5000+ portfolio + Gold tier
- complex management (modes, tiers, LTV, token spend order)
- award-winning but high crypto debit FX (0.75% conversion + up to 2.5% FX)
- Platinum requires 10%+ portfolio in NEXO tokens
- founded 2018, 7M+ users in 150 countries (but card limited to Europe/UK)
Frequently asked questions
Where is the Nexo Card available?
As of 2026-04-30, Nexo Card is available to residents of United Kingdom and Europe. Specific country list: Europe + UK.
How does the Nexo Card cashback work?
Nexo Card offers up to 2% cashback paid in NEXO or BTC. Tiered by Loyalty (Base/Silver/Gold/Platinum based on % NEXO holdings vs portfolio); Credit Mode 0.5-2% in NEXO or 0.1-0.5% in BTC; minimum $5000 portfolio for any cashback eligibility; cashback only in Credit Mode (debit purchases earn nothing). UK cardholders cannot earn cashback (regulatory phase-out), card still works for spending in UK.
What are the fees on the Nexo Card?
Nexo Card has no issuance fee, no monthly fee, a 1.35% FX markup on non-settlement-currency spend. See the spec table above for ATM and top-up fees.
Last verified 2026-04-30. Rates and availability change frequently. Always confirm with the issuer before signing up. See our methodology for how we collect and verify this data.