Overview
The Nexo Card is a Mastercard that lets you toggle between Credit and Debit mode inside the app. Credit Mode borrows USD against your crypto collateral so you can spend without selling, while Debit Mode spends from your stablecoin or NEXO balance. The card pays cashback only in Credit Mode — up to 2% in NEXO or 0.5% in BTC, depending on loyalty tier. There are no monthly, annual, or inactivity fees. The card is available in the EEA, UK, and several other European countries.
Who Nexo is best for
Nexo Card is best for users with substantial crypto holdings who want to spend without selling — Credit Mode is the standout feature. If you have $5,000+ in collateral and want USD spending without realizing taxable gains, Nexo is one of the cleanest options. Loyalty-tier benefits (Gold and Platinum) materially reduce FX fees, so heavy users get progressively better economics.
Fees, in detail
FX is tiered by region and day: in the EEA/UK/Switzerland, 0.2% on weekdays and 0.7% on weekends; rest of world is 2% on weekdays and 2.5% on weekends. Gold and Platinum loyalty tiers effectively pay 0% FX (Mastercard's network spread still applies). No monthly, annual, or inactivity fee. ATM fees are 2% after a small free allowance (min €/£1.99 per withdrawal).
Cashback and rewards
Cashback applies only to Credit-mode purchases and scales with loyalty tier: Base earns 0.5% NEXO or 0.1% BTC; Platinum earns 2% NEXO or 0.5% BTC. Choose between NEXO (the platform token) and BTC for your cashback currency. Higher tiers require holding NEXO as a percentage of your portfolio — a deliberate design to reward loyalty over time.
Standout features
- Credit Mode borrows against crypto without selling
- Debit Mode spends balances while still earning interest
- No monthly, annual, or inactivity fees ever
- Apple Pay and Google Pay supported
- 40+ cryptos accepted as collateral in Credit Mode
- Both virtual and physical cards available
Pros
- Genuinely free — no monthly or annual fees
- Credit Mode = spend without realizing taxable gains
- Tiered loyalty program meaningfully improves economics for active users
- Wide collateral support (40+ cryptos accepted)
Cons
- Cashback rates lower than ether.fi or Plasma at the base tier
- Physical card requires ≥$5k balance and Gold tier to order
- Region-restricted to Europe (EEA, UK, select countries)
How to sign up
Tap the Sign Up button on this page and choose your platform. Install the Nexo app, complete KYC, fund your account with crypto (any of 40+ accepted assets), enable the card, and toggle between Credit and Debit mode as you prefer.
Frequently asked questions
What's the difference between Credit Mode and Debit Mode?
Credit Mode borrows USD against your crypto collateral so you can spend without selling — earns cashback. Debit Mode spends from your existing balance — no cashback but also no borrowing.
Does Nexo charge an annual fee?
No. There is no monthly, annual, or inactivity fee on the Nexo Card.
How does Nexo's FX fee work?
In the EEA/UK/Switzerland: 0.2% on weekdays, 0.7% on weekends. Rest of world: 2-2.5%. Gold and Platinum loyalty tiers effectively bring this to 0%.
How much cashback does Nexo pay?
Up to 2% in NEXO tokens or up to 0.5% in BTC, scaling with loyalty tier. Cashback applies only to Credit Mode purchases.
Do I need to hold NEXO tokens?
Not to use the card, but loyalty tiers (and their better cashback rates) require holding NEXO as a percentage of your portfolio.
