Bybit Card Review 2025: Cashback & Fees
Bybit Card offers up to 10% cashback, no annual fee, and 0% foreign transaction fees. Full review of rewards, eligibility, and comparison to competito...
Last Updated: July 2025
Reviewed by: [Author Name], Crypto Finance Writer
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Cryptocurrency values can fluctuate significantly, including the value of cashback rewards earned as crypto tokens. Always verify current fee schedules, cashback rates, and geographic eligibility directly on Bybit's official card page before applying. Past cashback rates do not guarantee future rates.
Bybit Card Review 2025: Quick Verdict
The Bybit Card is among the best crypto cards available to European users, earning up to 10% cashback on eligible purchases (with your BIT/MNT token holding balance determining your tier), with no annual fee and no staking requirement for the base rate. Issued by Bybit exchange and running on the Mastercard network, it gives holders the ability to pay with crypto at tens of millions of merchants worldwide while spending directly from their crypto holdings.
The card costs nothing to obtain or maintain year-round. Certain transaction types carry costs: the currency conversion spread and ATM withdrawal fee are the two charges most likely to affect everyday spenders. Full details follow in the fee table below.
| Field | Detail |
|---|---|
| Overall Rating | 4.1 / 5 |
| Cashback Rate | Up to 10% on eligible purchases, tiered by BIT/MNT holding balance |
| Annual Fee | $0 |
| Issuance Fee | $0 |
| Best For | Existing Bybit users who already hold BIT/MNT and want passive spending rewards |
| Not Suitable For | US residents (ineligible); users who require stable-value cashback |
What Is the Bybit Card and How Does It Work?
The Bybit Card is a Mastercard-powered crypto debit card issued by Bybit exchange, allowing holders to pay with crypto directly at any merchant that accepts Mastercard worldwide. As a crypto debit card, it draws from your existing Bybit account balance rather than a bank account. When you make a purchase, Bybit automatically converts the required amount of crypto to fiat at the current market rate, and the merchant receives fiat. You never need to manually sell crypto before spending.
Bybit exchange, founded in 2018 and headquartered in Dubai, operates one of the world's largest cryptocurrency exchanges by derivatives trading volume. The Bybit Card is a product of that platform, so holding an active Bybit account is a prerequisite for application. For details on how the Mastercard credential works within Bybit's payment infrastructure, see the Mastercard Crypto Credential on Bybit Pay guide.
You can fund the card from cryptocurrency holdings in your Bybit account, including BTC, ETH, USDT, and USDC. USDT, Tether's USD-pegged stablecoin, is a popular funding choice for users who want price-stable purchasing power without exposure to crypto volatility at the point of sale. A virtual card is issued immediately on approval, so you can add the Bybit Card to Google Pay or Apple Pay for contactless payments (via NFC tap-to-pay) before your physical card arrives. The Mastercard network provides standard fraud protection, and card funds are held separately from your trading wallet.
New cardholders can also take advantage of the Bybit Card welcome package for bonus rewards on first spend, and can earn additional benefits through the Bybit Card referral programme.
Bybit Card Fees: Complete Fee Structure (2025)
The Bybit Card has no card issuance fee and no annual maintenance fee. Certain transaction types carry charges, as shown in the complete breakdown below.
Bybit Card Fee Table
| Fee Type | Amount / Rate | Notes |
|---|---|---|
| Card Issuance Fee | $0 | One-time; no charge to receive the physical card |
| Annual / Maintenance Fee | $0 | Card remains active without yearly charges |
| ATM Withdrawal Fee | 2% per withdrawal | Monthly free ATM allowance of $100 applies before fees activate (verify current allowance) |
| ATM Withdrawal Monthly Limit | $1,000 per month | Maximum total ATM withdrawals per calendar month (verify at publication) |
| Foreign Transaction Fee (FX fee) | 0% | No charge when a transaction is processed in a foreign currency |
| Currency Conversion Spread | Up to 0.5% | Markup applied to the exchange rate during crypto-to-fiat conversion at point of sale |
| Inactivity Fee | $0 | No charge for periods of card inactivity |
The table above covers all known Bybit Card charges as of July 2025. Verify current rates at Bybit's official fee schedule before applying.
The foreign transaction fee (FX fee) is the charge applied when a purchase is processed in a currency other than the card's base currency. At 0%, this puts the Bybit Card alongside travel-focused cards, compared to traditional bank cards that typically charge 1.5% to 3% for foreign currency transactions. The currency conversion spread is a separate cost: it is the markup embedded in the exchange rate Bybit applies when converting your crypto to fiat at the moment of purchase. Both costs can apply on the same transaction, so understanding each one separately matters for calculating your true cost to pay with crypto.
Source: Bybit Card official fee schedule, verified July 2025. Rates and fees are subject to change. Always verify current terms at Bybit's official card page before applying.
Bybit Card Spending Limits
Bybit Card spending limits apply to daily transactions, monthly transactions, and ATM withdrawals. Limits may vary based on your KYC verification level.
| Limit Type | Amount | Notes |
|---|---|---|
| Daily Transaction Limit | $10,000 | Resets at midnight UTC (verify at publication) |
| Monthly Transaction Limit | $50,000 | Calendar month cap (verify at publication) |
| ATM Daily Withdrawal Limit | $500 | Maximum per single day (verify at publication) |
| ATM Monthly Withdrawal Limit | $1,000 | Consistent with fee table above |
| Single Transaction Limit | $5,000 | Maximum per individual purchase (verify at publication) |
Higher KYC verification levels may unlock increased limits. For a full breakdown of your personal limits, see checking your Bybit Card spending information in the Bybit Help Center.
Bybit Card Cashback: Crypto Rewards Card Program Explained
The Bybit Card is a crypto rewards card that offers up to 10% cashback on eligible purchases, credited as BIT tokens to your Bybit account on a monthly basis (as of July 2025). The cashback rate you receive depends on your BIT/MNT token holding balance in your Bybit account. Verify the current rate structure and reward currency at Bybit's official card page.
For a full breakdown of current reward tiers and earning conditions, see the Bybit Card rewards details page.
Cashback Rate and Conditions
The following conditions apply to all Bybit Card cashback earnings. Review each before applying to confirm the crypto rewards card program fits your spending profile.
- Eligible transactions: Standard retail and online purchases at qualifying merchants
- Excluded transactions: ATM withdrawals do not earn cashback; P2P transfers are excluded; certain merchant categories including gambling may be excluded (verify the complete exclusion list at publication)
- Minimum transaction amount: No minimum per-transaction threshold (verify at publication)
- Monthly cashback cap: No monthly cap on cashback earnings; rewards are unlimited (verify at publication)
- Cashback credit timing: Credited monthly to your Bybit account
- Rate tiers: The 10% cashback ceiling requires holding a qualifying amount of BIT/MNT tokens. Users without a token holding position earn the base cashback rate (verify the base rate and each tier threshold at publication)
For guidance on redeeming accumulated rewards, see redeeming Bybit Card rewards points in the Bybit Help Center. For answers to common cashback questions, the Bybit Card Rewards FAQ provides up-to-date program details.
What Is the Bybit Card Cashback Paid In?
Bybit Card cashback is not paid in Bitcoin (BTC) or USDT. It is credited as BIT tokens, the native utility token of the Bybit platform. BIT underwent a significant rebrand as part of the BitDAO-to-Mantle transition, and the token is now associated with Mantle (MNT). Verify the current cashback reward currency at publication against Bybit's Help Center.
BIT/MNT is subject to price fluctuation. The fiat value of cashback rewards may increase or decrease after they are credited to your account. Users who want to lock in the fiat value of their cashback can sell the earned tokens immediately after crediting.
Does the Bybit Card Require Staking?
No. The Bybit Card does not require token staking to earn a base cashback rate. Unlike the Crypto.com Visa Card, which requires mandatory CRO token staking to unlock any cashback tier, Bybit Card's base cashback is available without a staking or lock-up requirement. Higher cashback tiers require holding BIT/MNT tokens in your Bybit account, but holding is not the same as staking — you retain access to those tokens at any time.
Crypto Card Benefits: Bybit Card Pros and Cons
The Bybit Card's fee structure and crypto rewards program offer clear advantages for existing Bybit users, alongside limitations that will disqualify it for certain spending profiles.
Bybit Card Benefits
- No annual fee and no card issuance fee: free to obtain and maintain
- 0% foreign transaction fee: no surcharge when you pay with crypto at foreign currency merchants
- No inactivity fee charged for periods of non-use
- No staking requirement to earn the base cashback rate, so no capital lock-up is needed
- Virtual card available immediately on approval, usable in Google Pay and Apple Pay before the physical card arrives — making it one of the most accessible crypto card options for online spending
- Accepted at tens of millions of merchants worldwide via the Mastercard network
- Welcome package bonus for new cardholders via the Bybit Card welcome package
- Referral rewards available through the Bybit Card referral programme
Bybit Card Cons
- Cashback paid in BIT/MNT, a volatile token whose fiat value can decrease after crediting
- Not available to US residents; Bybit does not operate in the United States
- Currency conversion spread of up to 0.5% applies on every crypto-to-fiat conversion at point of sale
- Reaching the top 10% cashback rate requires holding BIT/MNT tokens; users without that position earn a materially lower base rate
- ATM fees apply after the monthly free withdrawal allowance of $100 is used
- Geographic availability is narrower than traditional bank cards (verify your country's eligibility before applying)
Best Crypto Card Comparison: Bybit vs. Crypto.com, Binance, and Competitors
Choosing the best crypto card depends on your region, preferred spending assets, and how much weight you put on cashback rate vs. reward currency stability. The Bybit Card competes with the Crypto.com Visa Card, the Binance Card, and the Nexo Card as a crypto rewards card, with each offering a different balance of rate, staking requirement, and geographic availability.
Compared to the Crypto.com Ruby Steel card, the Bybit Card offers a higher cashback ceiling (up to 10% vs. 1%), does not require token staking to earn the base rate, and charges 0% on foreign transactions, matching Crypto.com Ruby Steel's 0% FX fee. Both programs pay rewards in volatile platform tokens rather than stablecoins or fiat.
| Feature | Bybit Card | Crypto.com Ruby Steel | Binance Card | Nexo Card |
|---|---|---|---|---|
| Cashback Rate | Up to 10%, tiered by BIT/MNT holding | 1% | Up to 8% in BNB | Up to 2% in NEXO |
| Annual Fee | $0 | $0 | $0 | $0 |
| Foreign Transaction Fee | 0% | 0% | 0% | 0% |
| ATM Withdrawal Fee | 2% after $100/mo free | 2% after $200/mo free | Varies by region | 0% up to monthly limit |
| Staking Requirement | None for base rate | CRO staking mandatory | None | NEXO holding for higher tiers |
| Reward Currency | BIT / MNT | CRO | BNB | NEXO |
| Best For | Bybit users who hold BIT/MNT | Predictable base rate globally | BNB holders in Europe | Credit-line spenders |
| Supported Regions | Select regions; not US | Global; not US | Select regions; not US | Europe and select regions |
Source: Bybit official card page; Crypto.com cards; Binance Card; Nexo Card. Verify all figures at publication.
The practical choice comes down to this: a guaranteed lower rate with Crypto.com Ruby Steel, or a potentially higher rate tied to a BIT/MNT position you already hold with the Bybit Card. For US-based users who are ineligible for Bybit, the Coinbase Card is the strongest best crypto card alternative with US market support.
How to Apply for the Bybit Card: Eligibility and Steps
Geographic Availability Notice: The Bybit Card is not currently available to US residents. Bybit does not provide services to users in the United States. US-based users looking for the best crypto card alternative may consider the Coinbase Card. The Bybit Card is currently available across Europe, the Middle East, and select other regions. Verify your country's eligibility at Bybit's official card application guide before beginning an application.
Who Can Apply: Eligibility Requirements
To apply for the Bybit Card, you must meet all four of the following eligibility conditions:
- You have an active Bybit exchange account, or you are willing to create one at bybit.com
- You are a resident of a supported region; US residents are not eligible
- You have completed Bybit KYC (Know Your Customer) verification, requiring a government-issued photo ID and proof of address
- You are 18 years of age or older
How to Apply: Step-by-Step
- Log in to your Bybit account at bybit.com, or create a new account if you do not have one.
- Complete KYC verification if you have not done so already.
- Go to the Card section in the Bybit app or navigate directly to bybit.com/en/cards/.
- Submit your card application, including your delivery address for the physical card.
- Await approval notification. Processing typically takes one to three business days.
- Once approved, your virtual card is available immediately to pay with crypto online, and can be added to Google Pay or Apple Pay. Your physical card arrives within seven to ten business days.
- Check the Bybit Card welcome package for any active bonus offers for new cardholders.
- Refer friends through the Bybit Card referral programme to earn additional rewards.
For setup instructions on contactless payments, see getting started with Mastercard Crypto Credential on Bybit Pay.
Apply for the Bybit Card directly at bybit.com/en/cards/.
Is the Bybit Card Worth It? Verdict
The Bybit Card is worth it for existing Bybit users who already hold BIT or MNT tokens and want to pay with crypto on everyday purchases while earning passive rewards without a staking requirement. It stands out as the best crypto card for European users seeking a high cashback ceiling with zero foreign transaction fees.
It is less suitable for US residents (ineligible), users who need stable-value cashback, and heavy ATM users who will incur fees once the monthly free allowance runs out.
Net Value Example
| Scenario | Calculation | Result |
|---|---|---|
| Monthly card spending at base rate | $1,000 at base cashback rate (verify %) | Approximately $5–$10 in BIT/MNT |
| Monthly card spending at top tier | $1,000 at 10% rate | Approximately $100 in BIT/MNT |
| ATM withdrawals, 2 per month | 2 withdrawals at 2% each on $200 | -$8 in fees |
| Estimated net at top tier | Top tier cashback minus ATM fees | Approximately $92 in BIT/MNT at current token price |
Fiat value of BIT/MNT rewards fluctuates. Source: Bybit Card official fee schedule, verified July 2025.
The 0% foreign transaction fee is the card's strongest fee-side characteristic: avoiding a 2%–3% FX surcharge on every foreign currency purchase adds up to meaningful savings for frequent travellers. The crypto rewards card program compares favourably to Crypto.com Ruby Steel's 1%, but only at higher BIT/MNT holding tiers. View the full rewards breakdown at the Bybit Card rewards details page.
If the Bybit Card fits your profile, apply directly through bybit.com/en/cards/.
Bybit Card FAQ
What fees does the Bybit Card charge?
The Bybit Card charges a 2% ATM withdrawal fee (after a $100 monthly free allowance), a currency conversion spread of up to 0.5% on crypto-to-fiat conversions, and 0% on foreign transactions. There is no annual fee and no card issuance fee. Verify the complete fee schedule at Bybit's official fee page.
Is the Bybit Card the best crypto card for cashback?
For users who hold BIT/MNT on Bybit, the card's 10% cashback ceiling makes it one of the highest rates among crypto rewards cards that require no staking. Whether it is the best crypto card for your situation depends on your region and whether you already hold the qualifying token. See the comparison table above for how it stacks up against Crypto.com, Binance, and Nexo.
How much cashback do you get with the Bybit Card?
Bybit card cashback is tiered based on your BIT/MNT holding balance, with rates up to 10% on eligible purchases credited monthly as a crypto rewards card payout. The base rate applies without any token requirement; higher rates require a BIT/MNT holding. Cashback is not paid in BTC or USDT. Verify current rates and all tier thresholds at the Bybit Card rewards details page.
What are the crypto card benefits of using Bybit over a regular bank card?
The main crypto card benefits over a traditional bank debit card are: 0% foreign transaction fees (vs. 1.5%–3% at most banks), the ability to pay with crypto directly without manual conversion, cashback rewards in BIT/MNT on eligible purchases, and instant virtual card access via Apple Pay or Google Pay. Regular bank cards do not offer crypto cashback and charge FX fees on foreign currency transactions.
Is the Bybit Card free to use?
There is no annual fee and no card issuance fee. Certain transaction types carry charges: a 2% ATM withdrawal fee after the monthly free allowance, and a currency conversion spread of up to 0.5%. The foreign transaction fee is 0%. See the complete fee table in the Fees section above.
Does the Bybit Card have a foreign transaction fee?
No. The Bybit Card charges 0% as a foreign transaction fee on purchases processed in a foreign currency. This is one of the core crypto card benefits over traditional bank cards, which typically charge 1.5%–3% on international purchases.
What is the Bybit Card cashback paid in?
Bybit card cashback is credited as BIT tokens (rebranded as Mantle / MNT). It is not paid in BTC or any stablecoin. BIT/MNT is subject to price fluctuation, so the fiat value of earned rewards may change before redemption. View full reward terms at the Bybit Card rewards details page.
Is the Bybit Card available in the US?
No. The Bybit Card is not available to US residents. US-based users looking for the best crypto card alternative may consider the Coinbase Card, which supports the US market.
Does the Bybit Card require staking to earn cashback?
No. The base cashback rate requires no staking or lock-up. Higher tiers require holding BIT/MNT in your Bybit account, but you retain access to those tokens at any time. This distinguishes Bybit from Crypto.com, which requires mandatory CRO staking to access any cashback tier.
Supported funding assets include BTC, ETH, USDT, and USDC held in your Bybit account. USDT and USDC provide price-stable funding that avoids purchasing power uncertainty when you pay with crypto. Verify the complete supported asset list at bybit.com/en/cards/ at time of application.
How do I earn more with the Bybit Card?
Three ways to maximise Bybit Card value: hold BIT/MNT to unlock higher cashback tiers, claim your new cardholder bonus through the Bybit Card welcome package, and earn additional rewards by referring friends via the Bybit Card referral programme.
Disclaimer: This review is for informational purposes only and does not constitute financial advice. Cryptocurrency values can fluctuate significantly, including the value of cashback rewards earned as crypto tokens. Always verify current fee schedules, cashback rates, and geographic eligibility directly on Bybit's official website before applying.
Related Reading
- Bybit Card — Apply Now
- Bybit Card Welcome Package
- Bybit Card Referral Programme
- Bybit Card Rewards Details
- Fees and Spending Limits: Bybit Card
- FAQ: Mastercard Crypto Credential on Bybit Pay
- [How to Get Started with Mastercard Crypto Credential on Bybit Pay](https://www.bybit.com/en/help-center/article/How-to-Get-Started-with-Mastercard-Crypto-Credential-on-Bybit-Pay)
- FAQ: Bybit Card Transaction
- FAQ: Bybit Card Rewards