Nexo Card
by Nexo · Mastercard · Credit card · Issuer terms last read Sep 28, 2026
The only card here that lets you spend a credit line against your crypto instead of selling it, which in most European tax regimes is the difference between a disposal and a loan. Credit Mode is the reason to hold it; the cashback is not. The headline 2% needs Platinum loyalty, and the programme itself only starts above a $5,000 balance, so as a rewards card it sits mid-table.
What works
- Credit Mode borrows against collateral instead of selling crypto
- No monthly, annual or inactivity card fee
- Free ATM withdrawals up to €2,000 / £1,800 a month
- Choice of cashback in NEXO or in BTC
What does not
- Cashback requires a loyalty balance above $5,000
- The 2% rate needs the Platinum tier; the base tier pays 0.5% in NEXO
- A physical card requires over $5,000 in digital assets and at least Gold
- Europe and the UK only
Who it suits
European holders who want to spend against collateral rather than sell, and who already keep a balance with Nexo.
Terms in full
Quoted from the issuer's own pages. Rows the issuer does not publish are marked as such rather than guessed.
- Network
- Mastercard
- Card type
- Dual mode: Credit Mode borrows against collateral, Debit Mode spends your balance
- Reward
- Credit Mode up to 2%. By loyalty tier: Platinum 2% in NEXO or 0.5% in BTC; Gold 1% or 0.3%; Silver 0.7% or 0.2%; Base 0.5% or 0.1%.
- Reward asset
- NEXO or BTC, chosen by you
- Requirement
- A loyalty balance above $5,000 to join the cashback programme; $50 in the account to activate a virtual card; over $5,000 in digital assets and at least Gold for a physical card
- Annual fee
- No monthly, annual or inactivity fee
- ATM
- Free up to €2,000 / £1,800 a month
- Foreign exchange
- Not published on the product page
- Availability
- Selected European countries and the United Kingdom
- Custody
- Custodial
If this one does not fit
Questions about this card
Credit Mode spends a credit line drawn against the crypto you hold with Nexo, so the assets stay yours. Debit Mode spends the digital assets themselves.
Yes. Nexo states that a loyalty balance above $5,000 is required for the cashback programme, and the rate then depends on your loyalty tier.
No. Nexo publishes no monthly, annual or inactivity card fee.