Nº 6 For Bybit traders
Bybit Card EU review
The biggest advertised number in Europe, but for most people a flat 1%, and only worth having if you spend euros you already hold on Bybit.
Bybit's EEA Mastercard spends straight from your Bybit EU account. It launched in late 2025 and is now open in every EEA country except Malta, though Bybit can still turn down any application after its own checks. There is no annual fee, no card fee for the first virtual or physical card, and no staking requirement. The headline is "up to 10% cashback"; what most people get is 1%.
What you earn
Everyone starts on a flat 1% with no monthly cap. You earn it as reward points, 5 per euro, which become usable after 4 days. Switch on auto-cashback and they are converted into the crypto of your choice and paid into your Funding Account; otherwise you can spend them in Bybit's Rewards Market. ATM withdrawals, money transfers, gambling, e-wallet top-ups and other cash-like payments earn nothing.
Above that sit five tiers, each with a monthly cap:
| Tier | Bybit VIP level | Or card spend of | Cashback | Monthly cap |
|---|---|---|---|---|
| Base | Everyone | — | 1% | None |
| Tier 2 · Beta | VIP 1 or 2 | €500 | 2% | €50 |
| Tier 3 · Alpha | VIP 3 | €3,500 | 4% | €150 |
| Tier 4 · Apex | VIP 4 | €9,500 | 6% | €250 |
| Tier 5 · Omega | VIP 5 | €12,500 | 8% | €400 |
| Tier 6 · Infinite | Supreme | €25,500 | 10% | €600 |
Bybit's own pages disagree on who can reach these tiers. The table on its rewards page says a tier unlocks with either the VIP level or the card spend shown, and that a tier reached by spending lasts until the end of the following month. The FAQ on the same page says the 2–10% rates are "available exclusively to Bybit EU VIP members". Until Bybit settles it, we count only the flat 1% for ordinary users. If the spending route does work for you, Tier 2 is easy to reach: at €1,500 a month it doubles your cashback to the €50 cap.
What it costs
| Fee | Amount |
|---|---|
| Annual, inactivity, cancellation | None |
| Card | Virtual and first physical card free; physical replacement €5 |
| Paying from crypto | 0.9% on every purchase funded from crypto, stablecoins included |
| Purchases not in euros | 0.5% on top of the Mastercard rate |
| ATM | First €100 a month free, then 2% |
| Topping up by SEPA transfer | No Bybit fee |
The 0.9% line is the one that matters. Bybit charges it whenever the purchase is paid from anything other than euros in your Funding Account, and its own worked example uses USDC. Pay from euros and you keep the full 1%; pay from USDC and 0.9 of that 1% goes straight back to Bybit.
A worked example
Take €1,500 a month, the calculator's usual case. In Germany, with 10% of spending in other currencies, you earn €180 a year and pay €9 in FX fees: €171 a year, if you top up in euros by SEPA. Fund the same spending from USDC and the 0.9% fee costs another €162, leaving €9.
In Romania, where most spending is in lei, the 0.5% FX fee takes €77 a year, leaving €104 from euros. From USDC the card loses about €59 a year. For comparison, OKX keeps €342 a year in both countries and Bleap €180, with no FX fees at all.
If you do reach Tier 2, by VIP level or, if Bybit allows it, by spending €500 a month, the same €1,500 earns €360 a year: €351 in Germany and €284 in Romania after FX fees, still from euros.
Limits
New non-VIP cardholders start on spending limits of €5,000 per day and €10,000 per month, and can apply once to raise them to €25,000 a month. Cash withdrawals are capped at €2,000 a month on the starting limits.
Licensing: two companies are involved. The card itself is issued by Harmoniie SAS, a French e-money institution authorised by the ACPR, the Banque de France supervisor, working with the UK programme manager Moorwand under Moorwand's Mastercard licence. Your account and crypto sit with Bybit EU GmbH in Vienna, which holds a MiCA licence from Austria's Financial Market Authority, granted in May 2025. Bybit EU is custodial: it holds your coins, so you rely on its solvency.
What works
- Flat 1% with no cap and no annual fee
- Cashback in the crypto of your choice, or points for the Rewards Market
- MiCA-licensed exchange, EEA-wide except Malta
- Free SEPA top-ups, and €100 of free ATM withdrawals a month
- Higher tiers for VIPs, and possibly for heavy spenders
What doesn't
- 0.9% on every purchase paid from crypto, stablecoins included
- 0.5% on anything not in euros
- Bybit's pages contradict each other on whether spending alone unlocks the higher tiers
- Custodial: the exchange holds your coins
- Not available in Malta, Switzerland or the UK
Who it's for: Bybit traders in the euro area who keep euros on the exchange, and VIP members who qualify for the higher tiers. If you want cashback on spending from stablecoins, OKX pays twice as much with no FX fee, and Bleap matches the 1% without taking custody of your money.
Sources
Figures on this page come from the issuer’s own pages, checked on October 20, 2026: