Nexo Card 2026: Fees, Cashback Tiers, Earn Rates and Who Can Get It
Key takeaways
- What it is: Nexo is an app for crypto interest, swaps, a credit line against your crypto and the Nexo Card. The card switches between Credit Mode (borrow against your holdings, no sale) and Debit Mode (spend stablecoins or crypto; unspent balance keeps earning).
- Who can get the card: only citizens and residents of selected European countries, including the EEA and the UK, with an ID issued there. US residents are not offered the card; one line on that below.
- Cost: no monthly or annual fee. The virtual card is free and needs a USD 50 balance to activate (it stays in your account). Foreign exchange is 0.2% on weekdays in the UK, EEA and Switzerland, 2% elsewhere.
- Cashback: Credit Mode only, and only with a balance above USD 5,000: 0.5% (Base) to 2% (Platinum) paid in NEXO tokens, or 0.1% to 0.5% in BTC.
- Interest: also needs an opt-in and more than USD 5,000. The global Earn page lists USDT at up to 9.5%; the EEA Earn page no longer lists USDT or USDC. Every rate is a cap.
- Best for: UK and EEA residents who hold more than USD 5,000 in crypto and want interest or a credit line; not for small balances or anyone counting on a USDT rate.
What is Nexo? What the Nexo Card is
Nexo has run since 2018 and bundles four things in one app: interest on crypto, swaps, a Credit Line against your crypto and the Nexo Card. Your coins sit with Nexo, not in a wallet you control, so every product below carries Nexo as the counterparty.
| Product | What it does | What to know |
|---|---|---|
| Flexible Savings | Interest with daily payouts, no lock-up | Opt-in, balance above USD 5,000, rates are caps |
| Fixed-term Savings | Up to 12 months for a higher rate | Money is not free during the term |
| Credit Line | Borrow from 1.9% a year, USD 50 to USD 2M, no credit check | BTC and ETH count at 50% LTV, NEXO at 15% |
| Nexo Card | Pay in Credit Mode or Debit Mode | Cashback only in Credit Mode above USD 5,000 |
Two of these are separate from the rest on Nexo’s own EEA pages: for EEA clients custody and trading run through Tangany and DLT Finance under MiCA and MiFID, while Earn rewards and crypto-backed loans are described as separate products outside those authorisations. I would read that as: the interest and the credit line depend on Nexo itself, so size them to money you could leave untouched for a while.
Credit Mode or Debit Mode: what happens when you pay
| Mode | How a payment is settled | Cashback | Interest |
|---|---|---|---|
| Credit Mode | Drawn from your Credit Line; your crypto stays as collateral and is not sold | Up to 2% in NEXO or 0.5% in BTC, balance above USD 5,000 | Assets not used as collateral keep earning |
| Debit Mode | Stablecoins, crypto or FiatX (EURx, USDx, GBPx) are converted as you pay | Nexo advertises cashback for Credit Mode only | Unspent balance keeps earning |
The two images are from Nexo’s own UK App Store listing (demo data): the card screen with mode and cashback, then the Credit Hub with available credit. They are marketing screens, not a test of an account.
My read: Debit Mode is the simple choice if you just want to spend crypto. Credit Mode earns the cashback, but you pay interest on what you draw and accept that a falling market lets Nexo repay part of the line from your collateral automatically.
Fees and cashback by loyalty tier
Your tier follows the share of NEXO tokens in your portfolio. Nexo states 10% for Platinum on its Earn page; the thresholds for Silver and Gold are not on the pages I read, so I list none.
| Tier | Cashback in NEXO | Cashback in BTC | Free ATM withdrawals per month |
|---|---|---|---|
| Base | 0.5% | 0.1% | up to EUR 200 |
| Silver | 0.7% | 0.2% | up to EUR 400 |
| Gold | 1% | 0.3% | up to EUR 1,000 |
| Platinum | 2% | 0.5% | up to EUR 2,000 |
- Running costs: no monthly, annual or inactivity fee.
- Virtual card: free; a balance of at least USD 50 is needed to activate it and stays in your account.
- Physical card: free including shipping, but only from Gold tier and with a portfolio above USD 5,000.
- Foreign exchange: 0.2% on weekdays in the EEA, UK and Switzerland, 2% elsewhere; weekends 0.7% and 2.5%.
- ATM: after the free monthly amount, 2% with a minimum of 1.99 EUR/GBP per extra withdrawal.
A quick calculation with Nexo’s published rates (my arithmetic): spend 500 a month in Credit Mode and Base earns 2.50 in NEXO, Gold 5 and Platinum 10. Pay the same 500 in a foreign currency outside the UK, EEA and Switzerland and the 2% FX fee costs 10; inside that region it is 0.2%, so 1. At the lower tiers the cashback is small and paid in a token whose price moves, so I would not pick the card for it unless your monthly spend is high.
Earn interest: what the Nexo pages show today
Older write-ups, including the earlier version of this page, sell Nexo as a place to earn interest on USDT. Nexo now publishes two Earn pages. The global page lists USDT up to 9.5% and USDC up to 8.5%. The EEA page lists neither, and a direct USDT page under it returns 404. I cannot tell from the pages which one your account will show, so check the assets inside the app before you plan around a stablecoin rate.
| Asset | Cap on the global page | Cap on the EEA page |
|---|---|---|
| USDT | 9.5% | not listed |
| USDC | 8.5% | not listed |
| BTC | 4.5% | 4.5% |
| ETH | 5% | 5% |
| NEXO | 3% | 3% |
| SOL | 7% | 7% |
| XRP | 5.75% | 5.75% |
| DOT | 13% | 13% |
| BNB | not checked | 5.75% |
| GBP | not checked | 6.5% |
- Conditions: opt in inside the app, keep a balance above USD 5,000 and meet the per-asset minimum.
- Caps, not rates: the actual rate depends on your tier, the asset and the balance bracket. For NEXO tokens Nexo’s loyalty page quotes up to 9%.
Worked example (my multiplication, no compounding, no price moves, no fees): USD 5,000 in ETH at the 5% cap is about USD 250 a year, about USD 125 at half the cap. That is the realistic scale for the entry threshold, which is why I treat the interest as a bonus on money you already hold, not a reason to move it.
Sign up for Nexo and activate the card
- Create the account in the Nexo app or on nexo.com and confirm your email.
- Choose what you want: interest, Credit Line and the card are separate choices; picking one does not commit you to the others.
- Verify your identity: for the card Nexo asks for an identity document issued in the EEA, the UK or another eligible country in Europe.
- Fund the account (next section) and keep at least USD 50 if you want the virtual card.
- Opt in to interest in the app if you want Earn.
- Activate the card: open the Card tab, tap Activate Card, then Add to Wallet to use it with Apple Pay or Google Pay.
Screens and wording change with app updates. I would finish the personal details before the first large deposit so the account matches your ID.
Deposit to Nexo: transfer, card or crypto
| Route | Good for | Check first |
|---|---|---|
| Bank transfer in USD, EUR or GBP (SEPA, Faster Payments, SWIFT) | Larger amounts | Nexo lists these networks; the app shows costs and rate before you confirm |
| Visa, Mastercard, Apple Pay, Google Pay | A quick purchase | Compare the in-app price with your usual exchange; the spread is the real cost |
| Crypto transfer | Coins you already hold | Match asset and network to the deposit address and send a small test first |
I would deposit a small amount first and wait for it to arrive before moving toward the USD 5,000 mark.
Who Nexo suits, who it does not, and the risks
Suits UK and EEA residents who hold more than USD 5,000 in BTC, ETH or similar, want interest or a credit line against it, and accept custody with a platform. The card makes sense if you understand Credit Mode and its LTV or want Debit Mode to spend crypto. Does not suit small balances, because below USD 5,000 there is no interest and no cashback, or anyone whose plan rests on a USDT rate.
If you live in the US or elsewhere: Nexo’s jurisdictions article does not list the US as a country where an account cannot be opened (only the state of New York), but the card page limits the card to citizens and residents of selected European countries. For a card you can use, see best crypto cards for US residents or the crypto card finder by country.
| Risk | What Nexo says | My note |
|---|---|---|
| Custody | Partners include Ledger Vault and Fireblocks; EEA custody via Tangany | You are a creditor of the platform, not the holder of the coins |
| Interest product | Earn and crypto loans sit outside the MiCA authorisations of the EEA partners | Only put in what you could leave locked up |
| Credit Line | If LTV rises to a threshold, Nexo repays part of the line from collateral | Draw only a fraction of the credit you could take |
| NEXO token | Tier depends on the share of NEXO tokens | Raising the share for a higher tier concentrates you in one token |
| Rates and thresholds | Rates are caps and the USD 5,000 threshold can change | Re-check the numbers before each decision |
If you want a card without a credit line, compare the OKX Card in Europe, or read how another credit-line card prices its tiers in the XPlace Card review.
FAQ
Can I get the Nexo Card in the UK?
Yes in principle: Nexo offers the card to citizens and residents of selected European countries, including the EEA and the UK. You need an identity document issued in the EEA, the UK or another eligible European country, and at least USD 50 in the account to activate the virtual card.
Can I get the Nexo Card in the US?
No. The card page limits the card to citizens and residents of selected European countries. Nexo’s jurisdictions article excludes only the state of New York for accounts in the US, so an account and the interest products are a separate question from the card.
How much cashback does the Nexo Card pay?
In Credit Mode with a balance above USD 5,000: Base 0.5% in NEXO or 0.1% in BTC, Silver 0.7% and 0.2%, Gold 1% and 0.3%, Platinum 2% and 0.5%. Nexo advertises cashback for Credit Mode only.
Does Nexo still pay interest on USDT?
The global Earn page lists USDT up to 9.5%. The EEA Earn page, checked on 31 October 2026, lists neither USDT nor USDC. Check which assets your own account shows.
When does Nexo pay interest?
You must opt in inside the app, hold more than USD 5,000 and meet the minimum for the asset. The rates on the pages are caps.
What does the Nexo Card cost?
No monthly, annual or inactivity fee. The virtual card is free; the physical card is free but needs Gold tier and a portfolio above USD 5,000. FX is 0.2% on weekdays in the UK, EEA and Switzerland, 2% elsewhere.
Official sources
Checked on 31 October 2026 (last updated 31 October 2026): Nexo Card, Earn (global), Earn (EEA), Card (EEA), Loyalty program, Credit Line, Jurisdictions.
Disclosure: This page has no affiliate links to Nexo and the button goes to Nexo’s website without a commission. Figures come from nexo.com and were checked on 31 October 2026. This is not investment, legal or tax advice.
