Bybit Card review
Bybit's crypto card (virtual and physical) converts exchange-held crypto at point of sale on the Mastercard/Visa network with 2%–10% cashback.
Quick answer. Bybit Card is a crypto card on Mastercard/Visa from Bybit. Rewards: 2%–10% cashback on everyday spending; 100% cashback on select subscriptions. Annual/issuance Virtual: free; Physical: 5–29.99 USD/yr (varies by region); 0.5%–7% depending on region (on top of Mastercard/Visa FX rate); e.g. EEA 0.5%, Peru 1%, Brazil 1.5%, AU/MX/APAC/GE/KZ 2%, Argentina 7% on foreign spend. Funds are custodial; it supports USDT (multiple cryptos selectable). Available in EEA, Switzerland, UK, Australia, Brazil, Argentina, Mexico, Peru, Kazakhstan (AIFC), APAC — availability and terms vary by region.
Key takeaways
- Network & type: · Mastercard/Visa
- Rewards: 2%–10% cashback on everyday spending; 100% cashback on select subscriptions
- Annual fee: Virtual: free; Physical: 5–29.99 USD/yr (varies by region)
- FX / spend fee: 0.5%–7% depending on region (on top of Mastercard/Visa FX rate); e.g. EEA 0.5%, Peru 1%, Brazil 1.5%, AU/MX/APAC/GE/KZ 2%, Argentina 7%
- Custody: Custodial
- Coins: USDT (multiple cryptos selectable)
Our rating, explained
Every card is scored on the same six factors — the weighting shows how much each counts toward the overall (provisional) score. How we rate →
Who it's for
Choose it if…
- You want no annual or monthly fee
- You spend enough for cashback to add up
- You pay with Apple Pay or Google Pay
Look elsewhere if…
- You want to avoid identity verification (KYC)
- You insist on holding your own keys (this card is custodial)
- You spend heavily abroad (a foreign-exchange fee applies)
How it compares to the field
Put in context against all 67 crypto cards we track and verify.
Overview
The Bybit Card is a crypto-backed debit card offered by the Bybit exchange, designed to bridge the gap between digital assets and everyday spending. Available in regions such as the EEA, Switzerland, UK, Australia, and several countries in Asia, South America, and Central Asia, the card aims to provide flexibility and rewards for users who want to spend their cryptocurrencies seamlessly. The card is issued on both Mastercard and Visa networks, ensuring broad acceptance worldwide.
Features and Benefits
The Bybit Card offers several compelling features for crypto enthusiasts:
- Cashback Rewards: Users can earn between 2% and 10% cashback on everyday spending, depending on their region and usage patterns. Additionally, the card provides 100% cashback on select subscriptions, offering potential savings for users who frequently subscribe to digital services.
- Virtual and Physical Options: The card is available in both virtual and physical forms. The virtual card is free, making it an accessible option for users who prefer not to pay for a physical card. However, the physical card comes with an annual fee that varies by region, ranging from 5 USD to 29.99 USD.
- Support for Multiple Cryptocurrencies: While the card primarily operates with USDT, users can select from multiple cryptocurrencies for their transactions, providing flexibility in managing their digital assets.
- Integration with Wallets: The Bybit Card supports wallet payments through Apple Pay and Google Pay, allowing for convenient and secure transactions.
Fees and Exchange Rates
Understanding the fee structure is crucial for evaluating the true value of the Bybit Card:
- Foreign Exchange (FX) Fees: The card charges an FX fee that varies by region, ranging from 0.5% to 7%. This fee is applied on top of the standard Mastercard/Visa exchange rate, which can significantly impact the cost of international transactions. For example, EEA users face a 0.5% fee, while those in Argentina incur a 7% fee.
- ATM Fees: Users are subject to a 2% fee on ATM withdrawals exceeding their monthly free allowance. This fee is in addition to any ATM operator charges, which can further increase the cost of cash withdrawals.
- Annual Fee: The physical card carries an annual fee that varies by region, which is a consideration for users who prefer a physical card over a virtual one. The virtual card, however, is free of charge.
It’s important to note that the issuer does not publish a specific top-up fee, but users should be aware of potential network fees associated with transferring funds to their Bybit account.
Who It’s For
The Bybit Card is best suited for users who:
- Frequently transact in cryptocurrencies and want to seamlessly convert their digital assets into fiat currency for everyday spending.
- Value cashback rewards and are comfortable with the variable FX and ATM fees depending on their region.
- Prefer the flexibility of a virtual card but are willing to pay an annual fee for a physical card if needed.
However, users should be aware of the custodial nature of the card, meaning funds are held on the Bybit centralized exchange. This may raise concerns for those who prioritize decentralized solutions or are wary of centralized custodial risks.
Overall, the Bybit Card offers a competitive cashback program and flexible payment options, but users must weigh these benefits against the variable fees and custodial risks.
Fees & costs
| Fee | Amount |
|---|---|
| Annual / issuance | Virtual: free; Physical: 5–29.99 USD/yr (varies by region) |
| FX / spend fee | 0.5%–7% depending on region (on top of Mastercard/Visa FX rate); e.g. EEA 0.5%, Peru 1%, Brazil 1.5%, AU/MX/APAC/GE/KZ 2%, Argentina 7% |
| ATM withdrawal | 2% on amounts above the monthly free withdrawal allowance |
| Top-up / load | — |
| Staking / lockup | — |
Pros & cons
Pros
- 2%–10% cashback on everyday spending (official)
- No monthly fee; virtual card is free
- Apple Pay and Google Pay supported
Cons
- FX fee varies widely by region and is charged on top of the network exchange rate
- Funds are held on the Bybit centralized exchange (custodial)
- Physical card carries a regional annual fee
Supported crypto
Coins:
Our take
The Bybit Card is a versatile crypto debit card with attractive cashback rewards, but users should carefully consider the variable fees and custodial nature before applying.