Nexo offers a crypto spending card, but cashback is not available to all users. Rewards are locked behind a $5,000 minimum balance, a tiered loyalty system, and are only available in Credit Mode. UK users are excluded entirely due to regulatory restrictions.
Nexo is a crypto financial platform that allows users to spend cryptocurrencies like BTC, ETH, USDT, and USDC using a virtual or physical Mastercard. Crypto is automatically converted to fiat at the point of sale, enabling everyday purchases at over 100 million merchants. The card is currently available in the EEA and UK, with global expansion planned.
Nexo Cashback limitations
Requires a minimum account balance of $5,000 to access the rewards program
Only available in Credit Mode, not Debit Mode
UK users are excluded entirely due to regulatory restrictions
Cashback rates are tiered, lower-tier users earn as little as 0.5% in NEXO or 0.1% in BTC
A Nexo Alternative
If you're exploring crypto card options and seeking enhanced features, fewer fees, or more rewards, consider the following alternative.
Oobit is built for users who want clear and predictable cashback from everyday crypto payments. Unlike Nexo, where rewards are locked behind minimum balances and loyalty tiers, Oobit offers consistent cashback on every payment with no conditions attached.
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CEO of Tether
Thanks to Oobit anyone can now pay with Bitcoin Cash, Bitcoin, Tether, Ethereum and other Crypto anywhere in the world that accepts Visa, right from their smart phone.
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Bitcoin Jesus
Real-Life Payment Integration: BNB Chain is teaming up with Oobit to enable everyday purchases, like buying coffee, with stablecoins, making crypto transactions more practical and affordable.
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VeChain foundation
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