Debit vs. credit
The Nexo Card can switch between debit and credit mode in-app. The Plutus Card is strictly a debit product that you top up in advance. This is a real structural advantage for Nexo.
Card A — Nexo Card
The Nexo Card is a dual-mode crypto card available to residents of the European Economic Area (EEA) and the UK. It is unique in that it can operate as either a debit card (spending crypto directly) or a credit card (borrowing against crypto without selling it), with the mode switchable in a single tap within the Nexo app.
Rewards
When using the card in Credit Mode, users can earn up to 2% crypto cashback. The exact rate depends on the user’s Nexo Loyalty Tier:
- Platinum: 2% in NEXO Tokens or 0.5% in BTC
- Gold: 1% in NEXO Tokens or 0.3% in BTC
- Silver: 0.7% in NEXO Tokens or 0.2% in BTC
- Base: 0.5% in NEXO Tokens or 0.1% in BTC
Loyalty tiers are determined by the ratio of NEXO Tokens held relative to the total portfolio balance, with a minimum account balance of $5,000 required to earn cashback.
Benefits
- No monthly, annual, or inactivity fees.
- Apple Pay and Google Pay support.
- Free ATM withdrawals up to €2,000 or £1,800 per month for Platinum users.
- Earn interest on unused balances while spending.
- Flexible repayment with no fixed schedule or credit checks in Credit Mode.
- Instant virtual card activation and free physical card shipping.
Important Considerations
The card is only available in the EEA and UK, and users must complete identity verification with a supported European ID. Foreign transaction fees apply: 0.2% on weekdays for EEA/UK/CH transactions and 2% for the rest of the world; 0.7% on weekends for EEA/UK/CH and 2.5% for ROW. Debit Mode allows spending of stablecoins, crypto, and FiatX assets (EURx, USDx, GBPx). Credit Mode uses crypto as collateral for a line of credit.
Card B — Plutus Card
The Plutus Card is a Visa debit card available to users in the EU and UK that rewards everyday spending with the platform’s native token, PLU (Pluton). It is designed as a crypto-friendly alternative to traditional banking, offering a straightforward rewards structure without the need for staking or lockups.
Rewards
All cardholders start with a minimum of 3% back on all card purchases. Higher reward levels are available through loyalty tiers, with advertised rates up to 9%. Rewards are earned in PLU tokens and can be used to top up the card, claim discounts, or converted to cashback.
Perks
In addition to spending rewards, Plutus offers a Perks program where users can earn 100% back (up to £/€10) at popular brands. The selection includes over 50 merchant options such as Netflix, Spotify, Amazon, Shell, McDonald’s, Deliveroo, and more. Higher-tier plans unlock multiple perks per month.
Benefits
- Free virtual card with no signup cost.
- 14-day trial to explore all features.
- No foreign transaction fees.
- Apple Pay and Google Pay compatible.
- Available across the EU and UK.
Important Considerations
Plutus rewards are paid in PLU tokens, which are subject to market volatility. The Perks program requires users to select merchants and may have monthly limits. The card is a debit product and must be topped up before spending. Users should verify availability and specific terms in their country, as Plutus operates under UK and EU regulatory frameworks.