Nexo Card is a card that lets traders use more than 40 digital currencies and stablecoins as collateral for fiat funding. By using crypto as collateral, you will earn a 2% cashback reward. You can also use the card to spend your crypto at many different merchants worldwide. With this card, you will be able to spend your crypto like regular currencies. Try Nexo card now!
›› Get the Nexo Crypto Card
Card Details
Cashback: 0.5-2%
Cashback Currency: BTC / NEXO
ATM, free withdrawals: Between 1 and 10 free withdrawals per month depending on tier.
ATM limit: €10,000 per month
Denomination Currency: EUR, USD, GBP
Card Type: Physical & Virtual
Spend Type: Other
Mobile Pay Support: Google Pay / Apple Pay
A great crypto debit card with travel perks and lending!
CryptoLists.com
Advantages with Nexo Crypto Card
+ Nexo Card is accepted in almost all countries.+ It lets you spend without selling your crypto assets.
+ You can earn a bonus with every purchase or ATM withdrawal.
+ It doesn’t have any inactivity fees.
+ The card doesn’t have minimum repayments or monthly fees.
Disadvantages
- The card is still in an early access stage.- It isn’t as widely used as Visa.
- Only available in the EEA and UK
- You can only get the 2% reward if you choose NEXO tokens.
About the crypto card
The main advantage of Nexo Card is that it lets you earn a 2% cashback reward on all purchases. As a cardholder, you will be able to use the Nexo app to access a range of features. These include single-tap card freezing and instant notifications.
Nexo, the crypto lending platform, has proven to be extremely safe. It has never experienced liquidity issues and has never had to freeze customer funds. The company is regulated, compliant-friendly, and highly reputable.
Countries Not Allowed: Australia, Bulgaria, Canada, Canada, China, Estonia, India, Israel, Japan, Mexico, New Zealand, Russia, South Africa, Switzerland, Turkey, , United Arab Emirates, United States
More about the rewards
+Base loyalty tier- 0.5% rewards in NEXO tokens or 0.1% in BTC rewards
+Silver loyalty tier- 0.7% rewards in NEXO tokens or 0.2% in BTC rewards
+Gold loyalty tier- 1% reward in NEXO tokens and 0.3% in BTC rewards
+Platinum loyalty tier- 2% rewards in NEXO tokens or 0.5% in BTC rewards
The crypto rewards cap will vary depending on your loyalty tier, as you can see in this list:
+ Base members get a €50 monthly cap.
+ Silver members get a €100 monthly cap.
+ Gold members get a €150 monthly cap.
+ Platinum members get a €200 monthly cap.
On top of these rewards there are a variety of travel benefits to take advantage of.
Rewards Cap
€50 to €200 depending on card tier.
About the fees
The card gives you fiat for you to spend and in return, you provide crypto as security for repayment. This process is done automatically whenever you make a purchase with your card.
Nexo Card doesn’t have any fees for transactions, and it also lacks monthly or annual fees. You can also have an inactive account without having to pay a fee. However, the credit card has interest rates ranging from 0% to 13.9% APR.
To get the lowest APR, you have to borrow at 20% LTV. These rates are significantly lower than traditional credit cards.
About the Crypto Card Company
Nexo was founded in 2018 and is based in London. It's known for its crypto lending service, which has proven to be extremely reliable. It's audited in real time by Armanino now has more than 5 million users around the world. The company released the Nexo Card in April 2022, and enables you to borrow fiat using your crypto as collateral.
FAQ
When was the Nexo Card released?
This crypto card was released in April 2022.
How do I sign up?
You can sign up by going to the Nexo app and clicking the ‘Card’ tab. You can now activate the Nexo Card and confirm your phone number.
How does it work?
This card lets you borrow funds by using your crypto as collateral.
›› Get the Nexo Crypto Card
Screenshot(s) from Nexo Crypto Card
