Nº 7 Best credit line
Nexo Card review
A credit line with a card attached, not a cashback card: the rewards come only on borrowed spending, and below the top tiers the interest costs more than they pay.
The Nexo Mastercard switches between two modes. In Debit Mode you spend your own balance on your Nexo account. In Credit Mode every purchase is a loan against the crypto you hold with Nexo, so you never sell it at the till, which can defer a taxable sale in some countries. Cashback is paid only in Credit Mode, and only if your Nexo portfolio is worth more than $5,000. The card is available across the EEA and in the UK.
Cashback and the loyalty tiers
Everything at Nexo hangs on its loyalty tiers, set by how many NEXO tokens you hold compared with the rest of your portfolio:
| Tier | NEXO tokens needed | Cashback (NEXO / BTC) | Borrowing rate | Free ATM a month |
|---|---|---|---|---|
| Base | None | 0.5% / 0.1% | 17.9% | €200 |
| Silver | 1% of the rest of your portfolio | 0.7% / 0.2% | 15.9% | €400 |
| Gold | 5% | 1% / 0.3% | 12.9%, or 3.9% below 20% LTV | €1,000 |
| Platinum | 10% | 2% / 0.5% | 9.9%, or 1.9% below 20% LTV | €2,000 |
All of it needs a portfolio of at least $5,000; below that, the loyalty programme, interest and cashback switch off after a 7-day grace period. "Below 20% LTV" means borrowing less than a fifth of what your collateral is worth. Interest runs daily on what you have borrowed until you repay, and you can repay at any time.
What it costs
| Fee | Amount |
|---|---|
| Monthly, annual, inactivity | None |
| Card | Virtual card once you hold $50. Physical card needs a $5,000 portfolio and at least Gold; issuance fee shown in the app, free shipping |
| Purchases in another EEA, UK or Swiss currency | 0.2% |
| Purchases in other currencies | 2% |
| Weekends (Friday evening to Sunday evening) | An extra 0.5% on any currency conversion |
| ATM above the free allowance | 2%, at least €1.99 |
Default limits are generous: €70,000 per purchase and €300,000 a month, and €600 per ATM withdrawal. You can borrow up to 50% of the value of BTC or ETH, 90% of USDC or USDT and 15% of NEXO.
A worked example
Put €1,500 a month on the card in Credit Mode and repay at the end of each month. Your average loan is about €750, so interest is that times the yearly rate:
| Tier | Cashback a year | Interest a year | Net |
|---|---|---|---|
| Base | €90 in NEXO | €134 | −€44 |
| Gold, below 20% LTV | €180 in NEXO | €29 | €151 |
| Platinum, below 20% LTV | €360 in NEXO | €14 | €346 |
Repaying weekly instead cuts the Base interest to about €31, leaving €59. In Germany, with 10% of spending in other currencies, take off another €6 a year in FX fees; in Romania, where most spending is in lei, about €54. Platinum looks as good as the best cards here, but it needs NEXO tokens worth a tenth of the rest of your portfolio: on a €50,000 portfolio, about €5,000 of a single exchange token that can fall in value, on top of cashback paid in the same token. That is why our calculator, which counts what an ordinary user keeps, scores Nexo's cashback at zero.
Licensing: Nexo holds no MiCA licence of its own. In the EEA, Tangany GmbH, a BaFin-supervised custodian in Munich, holds client crypto, and DLT Securities GmbH in Frankfurt, also BaFin-supervised, handles trading. Nexo says itself that its earn products and crypto-backed loans are offered under their own terms, outside those MiCA and MiFID authorisations, so the credit line behind Credit Mode is not a MiCA product. The card is issued by DiPocket UAB, an e-money institution licensed by the Bank of Lithuania. Your counterparty for the platform is Nexo, which is why we score it as custodial.
What works
- Spend against BTC or ETH without selling it
- No monthly or annual fee, high spending limits
- Cheap borrowing at Gold and Platinum below 20% LTV
- Free ATM allowance from €200 to €2,000 a month
- EEA-wide and in the UK
What doesn't
- Cashback only on borrowed spending, and only above a $5,000 portfolio
- Base-tier borrowing at 17.9% costs more than its 0.5% cashback
- The good rates need NEXO tokens worth 5–10% of your portfolio
- 0.2% FX on European currencies, 2% on others, plus 0.5% at weekends
- Custodial, and the credit line sits outside MiCA
Who it's for: people with a sizeable crypto portfolio who want a standing credit line with a card attached and already hold NEXO for other reasons. If you want cashback on everyday spending, OKX or Bleap pays more with no borrowing involved, and ether.fi Cash lets you borrow against ETH without handing it over.
Sources
Figures on this page come from the issuer’s own pages, checked on October 20, 2026:
- Nexo Card limits and fees (Nexo support) support.nexo.com
- Terms and conditions (Nexo) nexo.com
- MiCA FAQ for EEA users (Nexo) nexo.com
- Nexo Card EEA: cashback by tier, physical card conditions, eligibility (Nexo) nexo.com
- Loyalty Program explained: the $5,000 minimum and NEXO ratios (Nexo support) support.nexo.com
- Credit Line rates by loyalty tier (Nexo) nexo.com
- Nexo Card page naming the issuer, DiPocket UAB (Nexo) nexo.com