Nexo Card Review
Dual Mode Explained
The "Dual Mode" crypto card. Switch between debit and credit to optimize your spending strategy.
New User Bonus
WELCOME
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2%
Max Cashback (Credit Mode)
What is the Nexo Card?
The Nexo Card is a Mastercard that connects to your Nexo wallet. Its "killer feature" is the ability to switch between two modes instantly in the app.
By using a unique "Credit Mode," Nexo allows you to keep your Bitcoin, borrow against it instantly at the checkout counter, and potentially avoid taxable events. But with physical card orders currently paused and interest rates rising, is it still the best option in 2025?
Key Features at a Glance
Dual Mode
Switch between Debit (spend assets) and Credit (borrow against assets) instantly.
High Yield (Debit)
Earn up to 14% APY on your idle assets until you spend them.
No FX Fees
Platinum users get 0% FX fees up to €10,000 per month.
Virtual First
Physical cards are paused. Instant virtual card for Apple/Google Pay.
Nexo Card Fees & Tiers
To get the most out of the card, you need to hold NEXO Tokens (Platinum Tier).
| Benefit | Base Tier | Platinum Tier |
|---|---|---|
| Cashback (Credit) | 0.5% (in NEXO) | 2.0% (in NEXO) |
| Borrowing Rate | 18.9% | 2.9% (if LTV < 20%) |
| Free ATM Withdrawals | €200 / month | €10,000 / month |
| FX Fees | 0.5% after €1k | 0% up to €10k |
Is Nexo Card Available in Your Country?
🇪🇺 Europe (EEA) & UK
Yes. Fully supported in Germany, France, Spain, UK, etc.
🇺🇸 Nexo Card USA
No. Nexo ceased US operations due to regulations.
🇮🇳 Nexo Card India
No. You can buy crypto on the app, but you cannot order the card.
Nexo Card Reddit Review: The Verdict
The Pros
- Debit Mode is King: Earn 9-14% interest on stablecoins while spending.
- Travel Utility: High FX-free limits for Platinum users.
- Virtual Speed: Instant setup with Apple Pay.
The Cons
- Physical Paused: No new plastic/metal cards in 2025.
- Credit Complexity: Need low LTV for good rates.
- Tax Nightmares: Credit Mode creates many loan events.
Final Verdict: Should You Get It?
Get the Nexo Card IF you live in Europe/UK and want to earn yield on your spending money via Debit Mode. Skip it if you want a simple cashback card without loan complexity.
Sign Up If: You are a European HODLer comfortable with Apple Pay.
Skip It If: You live in the USA/India or hate managing LTV ratios.
FAQ
Is Nexo Card available in India? ▼
No. While the Nexo App allows Indian users to buy crypto, the card is restricted to the EEA and UK.
How does Nexo Card cashback work? ▼
Cashback (up to 2%) is only available in Credit Mode. Debit Mode earns interest on assets instead.
Is the Nexo Card a credit or debit card? ▼
It is technically a Debit card, but "Credit Mode" allows it to act like a secured credit card backed by your crypto.