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.