Nexo
Nexo Card Review: Cashback, Fees, & Perks
Nexo combines a Mastercard with a crypto-backed credit line and a debit spending mode. Credit Mode allows users to borrow against supported assets, while Debit Mode spends from the available account balance.
Credit Mode purchases can earn up to 2% cashback in NEXO or 0.5% in Bitcoin. The exact rate depends on the proportion of NEXO tokens in the user’s portfolio, and access to Nexo’s full benefit set requires more than $5,000 in digital assets.
The card is best suited to existing Nexo users who can use its borrowing, savings, and trading features. Users seeking flat cashback without managing a loyalty ratio or maintaining a minimum account balance may prefer a simpler card.
Official card page: https://nexo.com/card
Nexo at a Glance
| Feature | Details |
|---|---|
| Card network | Mastercard |
| Spending modes | Credit Mode and Debit Mode |
| Loyalty programme | Base, Silver, Gold, and Platinum |
| Credit Mode cashback | 0.5%–2% in NEXO or 0.1%–0.5% in Bitcoin |
| Fee-free ATM allowance | €200–€2,000 per month, depending on loyalty level |
| Virtual card | Available at every loyalty level |
| Physical card | Available to eligible Gold and Platinum users, with free delivery |
| Earn on spending balance | Up to 11%–13%, depending on loyalty level |
| Mobile wallet | Apple Pay |
Cashback and Rewards
Credit Mode purchases earn cashback in either NEXO or Bitcoin. Rewards paid in NEXO have the higher rate, while Bitcoin rewards range from 0.1% at Base to 0.5% at Platinum.
The loyalty level is determined by the proportion of NEXO tokens relative to the rest of the user’s portfolio. The applicable cashback rate follows the account’s current loyalty level.
| Loyalty Level | NEXO Holding Requirement | NEXO Cashback | Bitcoin Cashback |
|---|---|---|---|
| Base | No NEXO ratio required | 0.5% | 0.1% |
| Silver | 1%–5% of portfolio | 0.7% | 0.2% |
| Gold | 5%–10% of portfolio | 1% | 0.3% |
| Platinum | Above 10% of portfolio | 2% | 0.5% |
Access to the full Nexo benefit set requires more than $5,000 in digital assets. Gold and Platinum users who meet the relevant requirements can also order a physical card with free delivery.
Card Fees
Each loyalty level includes a monthly fee-free ATM withdrawal allowance:
| Loyalty Level | Fee-Free ATM Allowance |
|---|---|
| Base | €200/month |
| Silver | €400/month |
| Gold | €1,000/month |
| Platinum | €2,000/month |
Paymentscan Testing
On 18 July 2026 at 15:36, Paymentscan used the Nexo Card for a PLN 59.17 Uber Eats purchase. Nexo charged €13.79.
Using the contemporaneous benchmark rate of PLN 1 = €0.230447, the observed foreign-exchange markup was approximately 1.13%. This figure reflects the tested transaction rather than a standard rate for every currency or merchant.
Funding Your Nexo Card
Crypto Funding
Nexo accepts supported crypto from external wallets. Available assets include Bitcoin, Ether, NEXO, USDC, EURC, BNB, Solana, XRP, and Dogecoin.
USDC deposits are supported across several networks, including Ethereum, Base, BNB Smart Chain, Solana, Polygon, and Arbitrum.
Users can also buy crypto through Apple Pay, Visa, or Mastercard.
Fiat and Bank Funding
Nexo supports USDx funding through ACH and SWIFT, EURx through SEPA and SWIFT, and GBPx through Faster Payments and SWIFT. ACH funding is powered by Bridge, while supported European bank-transfer routes use OpenPayd.
| Bank-Transfer Route | Fee |
|---|---|
| USDx SWIFT above $5,000 | Free |
| USDx SWIFT below $5,000 | $10 |
| EURx SWIFT | €25 |
| GBPx SWIFT | £25 |
Additional Features
Credit Mode and Debit Mode
Credit Mode lets users borrow against supported assets instead of selling them to fund a purchase. Debit Mode spends from the available account balance.
Users can switch between the two modes in the Nexo app according to how they want a purchase to be funded.
Earn on the Spending Balance
The spending balance can continue earning while it remains available for card purchases. The maximum advertised rate rises from 11% at Base to 13% at Platinum.
| Loyalty Level | Maximum Earn Rate on Spending Balance |
|---|---|
| Base | Up to 11% |
| Silver | Up to 11.25% |
| Gold | Up to 12% |
| Platinum | Up to 13% |
These rates are separate from card cashback and form part of Nexo’s wider savings product.
Availability and User Experience
Identity verification uses Sumsub and requires the user’s legal name, date of birth, residential address, government-issued ID, and a facial video check.
A $10 deposit was required during Paymentscan’s verification test. Paymentscan completed onboarding in approximately 10 minutes on an iPhone, added the card to Apple Pay manually, and received a support response on the same day.
The virtual card is available across all loyalty levels. Physical cards are available to eligible Gold and Platinum users.
Who Is This Card For?
Nexo suits users who want the option to spend crypto directly or borrow against supported assets without immediately selling them. It is particularly relevant to people who already use Nexo for savings, borrowing, or trading.
The highest cashback, ATM allowance, physical-card access, and earn rates favour larger accounts that maintain a higher NEXO loyalty ratio. Users who prefer a flat reward rate without managing portfolio ratios may find another card easier to use.
How to Sign Up for Nexo
- Create a Nexo account.
- Complete Sumsub identity verification and make the required verification deposit.
- Fund the account with supported crypto or a bank transfer.
- Open the Card section and select Credit Mode or Debit Mode.
- Issue the virtual card, order a physical card if eligible, and add the card to Apple Pay.