It’s Finally Here: The Nexo Card 🎉

Apr 13·2 min read
Product
It’s Finally Here: The Nexo Card 🎉

It’s been a long time coming, but we’re proud to announce that the Nexo Card – the only card that lets you spend the value of your crypto without selling it – is here! Our unique card is tied to your Nexo Instant Crypto Credit Line, so you can operate with your crypto in your daily life without sacrificing its future potential.

Here’s what you get with the newest member of the Nexo product suite:

  • Up to 2% in Crypto Rewards
    Get up to 2% in crypto rewards on all transactions, paid out in BTC or NEXO.*
  • Crypto Credit from 0% APR
    Get instant access to your credit line and borrowing rates starting from 0% APR.**
  • No Monthly Fees
    No monthly, annual, or inactivity fees.
  • No Minimum Monthly Repayments
    Have ease of mind and repay at your own pace.
  • Free Virtual Card
    Issue free a virtual card instantly and use it through our app or with the Apple Pay & Google Pay integrations.
  • Free ATM Withdrawals
    In case you ever need it, the Nexo Card also gives you up to 10 free ATM withdrawals per month with a monthly limit of up to €10,000.
  • Zero Fees
    No FX fees for up to €20,000 per month.***
  • 40М+ Мerchants
    Swipe or tap your card at millions of locations worldwide.
  • Optimize Tax Liabilities
    Our card does not sell your assets, so it may be a great way to optimize tax liabilities.

Your Nexo Card is completely free of charge and so are any virtual cards you issue, so there’s literally no reason not to have one. Go ahead and order your card through the Nexo app.

How to Order the Nexo Card?

  1. Activate Your Card: Tap on the 'Activate Nexo Card' button to issue your virtual card in seconds.
  2. Add to Apple or Google Pay: Select ‘Add to Wallet’ and follow the on-screen instructions to add your card to Apple Pay or Google Pay.
  3. Start Spending: That’s it! You can now go shopping and earn up to 2% in crypto rewards on every purchase.

What’s Unique About the Nexo Card

The Nexo Card encourages you to HODL your crypto, rather than sell it. This differs from regular cards in the crypto space that sell the equivalent of the amount you spend. Our card functions through Nexo’s crypto-backed credit lines which means that funds for your purchases come from your available credit line while your digital asset portfolio remains intact.

Essentially, you use your crypto as collateral while spending its value at millions of merchants globally, everywhere where Mastercard is accepted. You can use both just a single asset or multiple cryptocurrencies and stablecoins as collateral which enables you to spend up to 90% of the value of your crypto through the Nexo Card.

What Crypto Rewards Will I Get with My Nexo Card?

Since the Nexo Card is a part of our Loyalty program, the more NEXO Tokens you have in your accounts, the more you will receive in crypto rewards when you use your card. Each Loyalty tier has its own crypto rewards rate; here is a breakdown:

  • Platinum: 2% in NEXO Tokens or 0.5% in BTC
  • Gold: 1% in NEXO Tokens or 0.3% in BTC
  • Silver: 0.7% in NEXO Tokens or 0.2% in BTC
  • Base: 0.5% in NEXO Tokens or 0.1% in BTC

Nexo’s Partnership with MasterCard and DiPocket

The Nexo Card is the first crypto-backed credit card in the European Economic Area (EEA) and is brought to you in partnership with Mastercard and DiPocket. As always, Nexo is committed to partnering only with the best-in-industry providers and we are incredibly proud to boast this new product with household names from the financial industry.

Launching the Nexo Card in Europe with Mastercard and DiPocket as our go-to-market partners is a big milestone for us and the latest proof of the immense synergy potential between the existing financial network and digital assets.

– Antoni Trenchev, Co-founder and Managing Partner of Nexo

*The rewards you receive will depend on your Loyalty tier.

**Nexo’s zero-cost credit is available to eligible Nexo clients who maintain an LTV of 20% or below.

***The amount of your free withdrawals and FX fees depends on your Loyalty tier.

All set. Share only with your best friends!