Nexo Card
Dual-mode debit/credit card with up to 2% cashback in Credit Mode (EEA only)
4
+Pros
- [Unique dual-mode flexibility (instant toggle between debit and credit in one tap)](https://www.spendnode.io/crypto-cards/nexo/)
- No staking lockup required (balance-based tiers, not locked staking)
- [Earn daily interest on unspent crypto balance in Debit Mode](https://www.bitcoin.com/cards/reviews/nexo/) (up to 14% APY on stablecoins, ~8% on BTC/ETH)
- Strong regulatory compliance across 199+ jurisdictions
- [FX fees 0.2% weekdays in Europe](https://cryptoslate.com/crypto-cards/nexo-card-review/)
- 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
- [100+ supported cryptocurrencies](https://cryptonews.com/reviews/nexo-card-review/)
−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](https://cryptoslate.com/crypto-cards/nexo-card-review/) — virtual card only currently available as of July 2026
- Physical card access requires Gold tier or higher
- CRITICAL: [UK users CANNOT earn any cashback due to FCA restrictions implemented October 2023](https://www.coindesk.com/business/2023/10/06/nexo-to-phase-out-cashback-for-uk-exchange-and-card-transactions-as-fca-rules-approach) (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)](https://www.spendnode.io/crypto-cards/nexo/)[Dual-mode operation (instant toggle between Debit and Credit modes in one tap)](https://www.spendnode.io/crypto-cards/nexo/)
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](https://www.bitcoin.com/cards/reviews/nexo/) (up to 14% APY on stablecoins, ~8% on BTC/ETH)[Daily interest on unspent balance in Debit Mode](https://www.bitcoin.com/cards/reviews/nexo/) (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 since January 2025, still paused as of July 2026)](https://cryptoslate.com/crypto-cards/nexo-card-review/)[Virtual card only (physical paused since January 2025, still paused as of July 2026)](https://cryptoslate.com/crypto-cards/nexo-card-review/)
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 Fee[Free ATM withdrawals up to monthly limit by tier](https://c
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](https://cryptoslate.com/crypto-cards/nexo-card-review/) — virtual card only currently available as of July 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](https://www.coindesk.com/business/2023/10/06/nexo-to-phase-out-cashback-for-uk-exchange-and-card-transactions-as-fca-rules-approach). 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)](https://nexo.com/crypto-card) that allows users to instantly toggle between spending crypto directly (debit mode with daily interest on balances) and borrowing against crypto (credit mode from 1.9% APR with cashback). [Virtual card only as of July 2026](https://cryptoslate.com/crypto-cards/nexo-card-review/) — physical card ordering temporarily paused since January 2025. EEA-only availability; [UK users can access but CANNOT earn cashback since October 2023 FCA restrictions](https://www.coindesk.com/business/2023/10/06/nexo-to-phase-out-cashback-for-uk-exchange-and-card-transactions-as-fca-rules-approach).
