Nexo still has a distinctive card model, and that keeps it relevant. The score is moderated by the same trust sensitivity that hangs over every lender-style crypto issuer after 2022.
The lineup is useful and different enough to matter. The ceiling is lower because trust is not just about features when users are parking assets on-platform.
Issuer Snapshot
Editorial vendor score stays separate from user reviews. Methodology
Product Quality
3.7
Trust & Custody
3.2
Fee Transparency
3.7
Operational Reliability
3.7
Market Relevance
3.8
The Nexo Card is a hybrid Mastercard available in the EEA, UK, and Switzerland that toggles between Debit mode (spend your fiat, stablecoin, or FiatX balance while earning up to 14% APY paid daily) and Credit mode (borrow against crypto collateral at 1.9-13.9% APR depending on loyalty tier), offering 0.5-2% cashback in NEXO tokens or 0.1-0.5% in BTC for accounts with $5,000+ in digital assets.
Our 2026 review covers every crypto card in Europe. Most crypto cards force a choice: sell your crypto to spend (debit) or lock it up and borrow against it (credit). Nexo eliminates this trade-off with a single card that toggles between both modes in the app. Tap "Credit" and your BTC becomes collateral for instant borrowing. Tap "Debit" and you spend your EUR/GBP/FiatX balance while earning up to 14% APY on idle funds, paid daily.
This dual-mode functionality is Nexo's defining advantage and the reason it attracts a specific type of user: someone who holds significant crypto and wants to spend without selling.
Credit/Debit Toggle: 2% Rewards + Up to 14% APY on Idle Balance
The Nexo Dual Card defined the crypto-backed credit category. With Free annual fee and 2% cashback, it lets you spend without selling and preserves long-term portfolio growth.
Apply through SpendNode's Nexo Card link to open a Nexo account and request the Dual Mode Card. The card has no annual fee and switches between Debit mode for spending available balances and Credit mode for borrowing against crypto; eligible accounts with at least $5,000 in digital assets can earn up to 2% cashback in NEXO tokens.
| Offer detail | Current card offer |
|---|---|
| Nexo Card signup method | SpendNode's Nexo link |
| Card | Dual Mode Mastercard |
| Annual fee | $0 |
| Cashback | Up to 2% in NEXO with $5,000+ in digital assets |
| Debit mode | Spend available fiat, stablecoin, or FiatX balances |
| Credit mode | Borrow against crypto at tier-based APR |
Important qualifier: Cashback on all purchases requires a minimum $5,000 account balance in digital assets. Below $5,000, you earn 0% cashback regardless of tier.
SpendNode app screenshot
Nexo Card - Up to 2% cashback (requires $5,000+ balance), Apple Pay and Google Pay, instant Credit/Debit toggle, and no minimum repayments or inactivity fees.
Nexo Dual Card - Free Mastercard with instant in-app toggle:
Debit Mode: Spend your available EUR, GBP, stablecoin, or FiatX (EURx, USDx, GBPx) balance. Earn up to 14% APY on idle funds, paid daily (rate depends on loyalty tier and asset). Drag-and-drop asset priority lets you choose which assets get spent first. Works like a traditional bank card with yield.
Credit Mode: Nexo uses your crypto portfolio as collateral to open an instant credit line. APR ranges from 1.9% (Platinum) to 13.9% (Base), with low-cost rates requiring LTV below 20%. No selling, no taxable event.
Card availability:
Advertised:
Actual costs you will encounter:
$0 annual fee. FX: 0.2% weekday / 0.7% weekend (EEA/UK/CH), 2% / 2.5% (ROW) - no tier-based reduction. ATM: free up to EUR 200-2,000/month by tier, then 2% (min EUR/GBP 1.99). Credit APR: 1.9% (Platinum, LTV below 20%) to 13.9% (Base). Cashback requires $5,000 minimum balance. Credit mode loan repayment: 0.26% fee on crypto (stablecoin repayments free).
The true cost is NEXO token exposure - a 30% NEXO price drop on a $5,000 holding wipes out more than a year of net card value. ZiC (Zero-Interest Credit) is a separate collar product for BTC/ETH with 0% interest but capped upside.
FX fees apply to all tiers equally - there is no tier-based reduction:
| Region | Weekday FX | Weekend FX |
|---|---|---|
| EEA / UK / Switzerland | 0.2% | 0.7% |
| Rest of World | 2.0% | 2.5% |
On top of Nexo's FX fee, the Mastercard network rate applies (typically 0.2-0.4% spread vs interbank), making the effective total markup 0.4-1.1% for EEA transactions.
Standard Credit mode APR depends on your tier. The Low-Cost Credit rates (shown in the tier table above) require maintaining LTV below 20%.
| Non-ZiC Scenario | Spend EUR 3,000/month | Annual Credit APR Cost | Cashback Earned | Net Position |
|---|---|---|---|---|
| Base (13.9%) | EUR 36,000/year | -EUR 5,004 | +EUR 180 (0.5%) | -EUR 4,824 |
| Silver (6.9%) | EUR 36,000/year | -EUR 2,484 | +EUR 252 (0.7%) | -EUR 2,232 |
| Gold (3.9%) | EUR 36,000/year | -EUR 1,404 | +EUR 360 (1.0%) | -EUR 1,044 |
| Platinum (1.9%) | EUR 36,000/year | -EUR 684 | +EUR 720 (2.0%) | +EUR 36 |
Critical insight: Credit mode barely breaks even at Platinum (1.9% APR) and loses money at every other tier. If you cannot reach Platinum, use Debit mode or choose a different card entirely. Gold at 3.9% APR costs EUR 1,044/year more than the cashback earns.
Nexo also offers Zero-Interest Credit (ZiC), a structured borrowing feature confirmed by in-app screenshots. ZiC is NOT the standard card Credit mode - it is a separate product with specific terms:
ZiC is essentially a collar strategy. The "cost" of 0% interest is capping your BTC/ETH upside. If BTC rallies 100% during your ZiC term, you only benefit up to your maximum repayment price.
SpendNode app screenshot
Zero-Interest Credit (ZiC) - Borrow at 0% interest against BTC/ETH. The trade-off: a collar strategy that caps your upside. Example shows 100,000 USDC at 0% - but the min-max repayment price range is the hidden cost.
Free ATM allowance is amount-based (not count-based):
| Tier | Free Monthly Limit | Over-Limit Fee |
|---|---|---|
| Base | EUR 200 / GBP 180 | 2% (min EUR/GBP 1.99) |
| Silver | EUR 400 / GBP 360 | 2% (min EUR/GBP 1.99) |
| Gold | EUR 1,000 / GBP 900 | 2% (min EUR/GBP 1.99) |
| Platinum | EUR 2,000 / GBP 1,800 | 2% (min EUR/GBP 1.99) |
Credit mode purchases generate loans in xUSD. When repaying with crypto (excluding stablecoins and FIATx), a 0.26% flat fee applies. Stablecoin repayments have no fee.
Cashback is only available on Credit mode purchases and requires $5,000+ account balance.
| Tier | NEXO Required | Cashback (NEXO) | Cashback (BTC) | Credit APR | ATM Free Limit |
|---|---|---|---|---|---|
| Base | None | 0.5% | 0.1% | 13.9% | EUR 200/mo |
| Silver | 1% of portfolio | 0.7% | 0.2% | 6.9% | EUR 400/mo |
| Gold | 5% of portfolio | 1.0% | 0.3% | 3.9% | EUR 1,000/mo |
| Platinum | 10% of portfolio | 2.0% | 0.5% | 1.9% | EUR 2,000/mo |
Low-Cost Credit rates (Gold 3.9%, Platinum 1.9%) require your Credit Wallet LTV to stay below 20%. Above 20% LTV, standard rates apply.
The NEXO token requirement: To reach the 2% Platinum tier, you need 10% of your Nexo portfolio in NEXO tokens. On a $50,000 portfolio, that means holding $5,000 in NEXO - a volatile small-cap token that could lose 50%+ in a downturn.
Nexo's card is powered by its lending platform, which has been operational since 2018:
Up to 14% APY on idle debit balances (paid daily, depending on loyalty tier and asset type) positions Nexo among the highest-yielding card accounts in the market.
Setup:
Monthly math:
His verdict: "The tax efficiency is the real value. In Germany, selling BTC within a year triggers 26% capital gains tax. Credit mode lets me spend without selling. On EUR 48,000/year in spending, I defer thousands in potential taxes. The 2% NEXO rewards are a bonus, though I wish the FX fee were lower."
Risk: His $8,000 in NEXO tokens could lose 50%, wiping out EUR 4,000. The credit line exposes his BTC to liquidation if markets crash 40%+.
Setup:
Monthly math:
Her verdict: "I use Debit mode exclusively. The daily yield on my idle balance earns more than my cashback rewards alone. I keep a small NEXO position for Silver tier but would not go higher - too much token risk for modest cashback improvement."
Setup:
Monthly math:
His verdict: "Credit mode for big purchases keeps my BTC untouched. Debit mode for groceries. The toggle works as advertised. The 0.2% FX adds up on my international spending, and Gold's 3.9% APR means credit mode is barely worth it."
Lesson: Nexo's value scales with your tier. Base and Silver are underwhelming. Gold breaks even on credit mode. Only Platinum (2% cashback, 1.9% APR) generates meaningful net value.
| Feature | Nexo | Crypto.com | Plutus | Kraken |
|---|---|---|---|---|
| Credit Mode | Yes (1.9-13.9% APR) | No | No | No |
| Max Cashback | 2% NEXO / 0.5% BTC | 8% in CRO | 9% in PLU | Up to 2% in BTC/EUR (tiered) |
| Cashback Minimum | $5,000 balance | None | None | None |
| Token Requirement | 10% portfolio in NEXO | $500-$1M CRO stake | PLU stacking | None |
| APY on Idle | Up to 14% (paid daily) | 0% | 0% | 0% |
| FX Fee (EEA) | 0.2% weekday / 0.7% weekend | 0% | 0% (paid tier) / 2.5% (free) | 0% |
| Regions | EEA, UK, CH | Global (95+) | UK, EEA | EEA, UK |
| Best For | Tax-efficient HODLers | Lifestyle + global | UK/EU perk maximizers | Zero-fee simplicity |
After reviewing the alternatives:
Nexo wins on:
Nexo loses on:
Lower reward ceiling (2% max vs 4-9% for competitors)
Requires $5,000 minimum balance for ANY cashback
FX fees on every international transaction (0.2-2.5% vs 0% for Crypto.com and Kraken)
Requires holding volatile NEXO tokens for best rates
EEA/UK/CH only (no US, no APAC, no LATAM)
Complex product (Credit mode adds liquidation risk, APR varies by tier)
Physical card ordering paused since Jan 2025
vs Crypto.com: Crypto.com offers 2-8% CRO with staking ($500-$1M). Nexo offers 0.5-2% NEXO with portfolio allocation (no lockup). Crypto.com wins on max rewards, lifestyle perks (lounge, rebates), global availability, and 0% FX. Nexo wins on credit mode (tax efficiency), up to 14% APY on idle balances (paid daily), and no staking lockup.
vs Plutus: Plutus offers 3-9% PLU with subscription + stacking (UK/EEA). Both reward in native tokens. Plutus wins on max rewards and subscription rebates. Nexo wins on credit mode, up to 14% APY on idle balances, and no subscription fee.
vs Kraken: Krak offers up to 2% tiered cashback in BTC/EUR with zero fees, zero token requirement, no minimum balance (a variable spread applies when converting crypto or a non-primary balance). Krak wins on simplicity, 0% FX, and accessibility. Nexo wins on credit mode and reaching its 2% without a large balance.
Ideal user profile:
Who should avoid:
Our take: Nexo is the most sophisticated crypto card for tax-conscious European investors with $20K+ in crypto. The Credit mode toggle is unique - no other card lets you instantly switch between spending your balance and borrowing against your portfolio. For a Platinum-tier user who spends EUR 4,000/month, the tax deferral alone can save thousands per year in high-tax jurisdictions.
The trade-off: $5,000 minimum for any cashback, 0.2%+ FX fees, holding NEXO tokens for tier benefits, and the complexity of managing a lending-backed card.
Licensing:
Card issuance:
What is protected:
What is NOT protected:
Your fiat balance (Debit Mode):
Your crypto on Nexo:
Your active Credit Mode loans:
Your NEXO tokens:
Mitigation strategy:
Nexo stability indicators (2026):
Nexo has been operating since 2018 as a crypto lending and earning platform, accumulating $8B+ in assets under management over 8 years. The platform has never experienced a major security breach.
The card is issued on the Mastercard network via a third-party card issuer (not publicly disclosed). Mastercard provides standard chargeback protections and zero fraud liability at 150M+ merchants.
Nexo is regulated in Bulgaria (Nexo Financial LLC) and operates through multiple EU-licensed entities. The company settled with the SEC in January 2023 over its Earn product and is pursuing MiCA compliance for the European market.
Custodial assets are insured via BitGo and Ledger Vault, providing institutional-grade security for crypto holdings on the platform. The company has achieved SOC 2 Type II certification.
The Credit/Debit toggle is a functional feature verified through in-app screenshots and user testing. The dual-mode architecture is unique in the crypto card market and has been operational for multiple years.
Up to 14% APY on idle debit balances (paid daily, tier-dependent) has been verified through app documentation. Rates are variable and depend on loyalty tier and asset type.
SpendNode Verified: The editorial team reviewed Nexo's issuer identity, product terms, and live card flow per our methodology. Verification is not an endorsement or guarantee.
Nexo is available in 32 countries as of November 2026. We count a country here when at least one active Nexo card variant lists it, so individual product pages may be narrower.
Austria (AT), Belgium (BE), Bulgaria (BG), Croatia (HR), Cyprus (CY), Czech Republic (CZ), Denmark (DK), Estonia (EE), Finland (FI), France (FR), Germany (DE), Greece (GR), Hungary (HU), Iceland (IS), Ireland (IE), Italy (IT), Latvia (LV), Liechtenstein (LI), Lithuania (LT), Luxembourg (LU), Malta (MT), Netherlands (NL), Norway (NO), Poland (PL), Portugal (PT), Romania (RO), Slovakia (SK), Slovenia (SI), Spain (ES), Sweden (SE), Switzerland (CH), United Kingdom (GB)
These major markets are not currently listed for this vendor. Confirm eligibility with the issuer before applying, especially where card tiers have different country rules.
Egypt (EG), Kenya (KE), Nigeria (NG), South Africa (ZA)
Argentina (AR), Brazil (BR), Canada (CA), Chile (CL), Colombia (CO), Mexico (MX), United States (US)
China (CN), Hong Kong (HK), India (IN), Indonesia (ID), Japan (JP), Malaysia (MY), Philippines (PH), Singapore (SG), South Korea (KR), Taiwan (TW), Thailand (TH), Turkey (TR), United Arab Emirates (AE)
Australia (AU), New Zealand (NZ)
Nexo's card is two products on one piece of plastic, and both have an entry price. Cashback of any kind requires $5,000 in digital assets on the platform; below that the card earns nothing. Above it, Debit mode spends balances that keep earning up to 14% APY paid daily, while Credit mode borrows against crypto from 1.9% APR at Platinum with low loan-to-value, up to a punishing 13.9% at Base.
The borrow-instead-of-sell design earns its keep for EEA, UK, and Swiss holders with meaningful portfolios who understand collateral math, and the 0.2% weekday FX is among the lowest around. Respect the two caveats: rewards arrive mostly in NEXO, so a token drawdown can erase a year of card value, and physical cards have been paused since January 2025, so this card lives in your phone.
Written by Aleksandar Dukic
No. Nexo crypto card is not available in the United States.
ZiC is a separate structured borrowing feature where you borrow against BTC or ETH at 0% interest for a fixed duration. You set a min-max repayment price range: if the collateral price falls below the minimum, it settles at the floor (downside protection). If it rises above the maximum, it settles at the cap (you give up upside). ZiC is NOT the standard card Credit Mode APR, which is 1.9% (Platinum) to 13.9% (Base).
Both. The Nexo Dual Card is a hybrid Mastercard that toggles between Debit mode (spend your fiat/stablecoin balance) and Credit mode (borrow against your crypto portfolio). In Credit mode, the APR depends on your loyalty tier: 1.9% for Platinum, 3.9% for Gold, up to 13.9% for Base. No taxable disposal event occurs in Credit mode since you are borrowing, not selling.
Reviews are moderated and may take a moment to appear.
App Store (2.0K ratings)
Source: Apple App Store - Updated Oct 2026
