Nexo Card
Unique dual-mode card with instant toggle between debit and credit, up to 2% cashback in Credit Mode (EEA only
4
+Pros
- Unique dual-mode flexibility (instant toggle between debit and credit in one tap)
- No staking lockup required (balance-based tiers, not locked staking)
- Earn daily interest on unspent crypto balance in Debit Mode (up to 14% APY on stablecoins, ~8% on BTC/ETH)
- Strong regulatory compliance across 199+ jurisdictions
- FX fees 0.2% weekdays in Europe
- Credit lines from 1.9% APR for borrowing against crypto (Platinum tier, LTV below 20%)
- Free virtual card (instant activation)
- Apple Pay and Google Pay support
- No monthly, annual, or inactivity fees
- Four loyalty tiers based on portfolio balance and NEXO token percentage (Base, Silver, Gold, Platinum)
- Credit Mode allows borrowing against crypto without selling (tax-efficient)
- APR ranges 1.9%-13.9% based on tier and LTV
- Best cashback requires 10% NEXO tokens in portfolio, not locked staking
- Instant card freeze
- Real-time transaction notifications
- Tiered ATM withdrawal allowances (up to €2,000/month free for Platinum)
- 30-day Platinum trial for new users
- 40+ supported cryptocurrencies
−Cons
- Requires $5,000 portfolio for meaningful loyalty benefits
- Limited to EEA and UK markets only (Europe-only availability, no US/Asia)
- Weekend FX fees higher (0.7-2.5%)
- Cashback ONLY available in Credit Mode (not in Debit Mode) — this is a critical limitation
- Virtual card requires $50 minimum
- FX fees apply even within EEA/UK (0.2% weekdays, higher weekends)
- Top cashback tiers require significant portfolio balances
- Tier requirements based on NEXO token percentage (1-10% of portfolio) may require buying and holding NEXO tokens
- Physical card ordering temporarily paused since January 17, 2025 — virtual card only currently available as of June 2026
- Physical card access requires Gold tier or higher
- CRITICAL: UK users CANNOT earn any cashback due to FCA restrictions implemented October 2023 (UK cashback prohibited since Oct 2023)
- NEXO token price volatility affects tier benefits
- Credit mode cashback subject to LTV ratio requirements
- Cashback only in Credit Mode eliminates value for users who prefer spending directly from balances
- Absolute €10,000/month ATM withdrawal cap across all tiers
- Crypto-to-fiat swap fee 0.75% in Debit Mode
Features
Dual-mode operation (instant toggle between Debit and Credit modes in one tap)Dual-mode operation (instant toggle between Debit and Credit modes in one tap)
Credit lines from 1.9-13.9% APR based on loyalty tier and LTVCredit lines from 1.9-13.9% APR based on loyalty tier and LTV
Daily interest on unspent balance in Debit Mode (up to 14% APY on stablecoins, ~8% on BTC/ETH)Daily interest on unspent balance in Debit Mode (up to 14% APY on stablecoins, ~8% on BTC/ETH)
Instant virtual card activationInstant virtual card activation
Apple Pay and Google PayApple Pay and Google Pay
Free virtual cardFree virtual card
Accepted at 100M+ merchants globallyAccepted at 100M+ merchants globally
Four loyalty tiers based on portfolio balance and NEXO token percentage (Base: 0% NEXO, Silver: 1%+, Gold: 5%+, Platinum: 10%+)Four loyalty tiers based on portfolio balance and NEXO token percentage (Base: 0% NEXO, Silver: 1%+, Gold: 5%+, Platinum: 10%+)
Cashback varies by tier (Base 0.5% NEXO/0.1% BTC, Silver 0.7%/0.2%, Gold 1%/0.3%, Platinum 2%/0.5%) — Credit Mode only, UK users excluded from all cashbackCashback varies by tier (Base 0.5% NEXO/0.1% BTC, Silver 0.7%/0.2%, Gold 1%/0.3%, Platinum 2%/0.5%) — Credit Mode only, UK users excluded from all cashback
Credit Mode allows borrowing against crypto without sellingCredit Mode allows borrowing against crypto without selling
Balance-based tiers (not locked staking)Balance-based tiers (not locked staking)
0.75% crypto-to-fiat swap fee for debit transactions0.75% crypto-to-fiat swap fee for debit transactions
Weekend FX 0.7-2.5%, weekday FX 0.2%Weekend FX 0.7-2.5%, weekday FX 0.2%
New users get 30 days of Platinum benefitsNew users get 30 days of Platinum benefits
Nexo Earn integrationNexo Earn integration
Exchange functionalityExchange functionality
Multi-currency support including FiatX (EURx, USDx, GBPx)Multi-currency support including FiatX (EURx, USDx, GBPx)
Instant portfolio rebalancingInstant portfolio rebalancing
Virtual card only (physical paused)Virtual card only (physical paused)
Tiered ATM withdrawal allowances up to €2,000/month free for Platinum, €10,000/month absolute maximumTiered ATM withdrawal allowances up to €2,000/month free for Platinum, €10,000/month absolute maximum
Gold tier minimum for physical card when availableGold tier minimum for physical card when available
Fee Structure
Trading Fee0.75% crypto-to-fiat conversio
Withdrawal FeeFree ATM withdrawals up to monthly limit by tier ($100 Base,
Deposit FeeNone; no monthly, annual, or inactivity fees; virtual card f
Signup Bonus
Platinum tier benefits for 30 days
New users receive top-tier Platinum benefits (best yields, lowest rates, 2% NEXO or 0.5% BTC cashback where allowed) for the first 30 days. Ongoing tier determined by portfolio balance and NEXO token percentage. Physical card ordering temporarily paused since January 17, 2025 — virtual card only currently available as of June 2026. Virtual card requires $50 minimum portfolio; meaningful loyalty benefits require $5,000+ portfolio minimum. Gold tier or higher required for physical card access when available. CRITICAL: UK users can access the card but CANNOT earn any cashback due to FCA restrictions implemented October 2023. Cashback available ONLY in Credit Mode (not Debit Mode) and only in eligible EEA countries (not UK).
Expert Verdict
Nexo offers a unique dual-mode Mastercard (debit and credit) that allows users to instantly toggle between spending crypto directly (debit mode with daily interest on idle balances) or borrowing against crypto holdings (credit mode with 1.9-13.9% APR and cashback where allowed). Nexo was founded in 2018 with 7M+ users across 200+ jurisdictions; the card launched in 2022. Virtual card only since January 2025.