Phemex Card vs Bybit Card
How does Phemex Card compare to Bybit Card? A side-by-side look at fees, rewards, custody and availability.
Higher score: Bybit Card · provisional, see how we rate
Quick answer. Phemex Card and Bybit Card are both crypto cards — here's how they differ. Key differences: network (Phemex Card: Mastercard vs Bybit Card: Mastercard/Visa); annual fee (Phemex Card: $0 (no card issuance fee, no annual fee, no account closure fee) vs Bybit Card: Virtual: free; Physical: 5–29.99 USD/yr (varies by region)). Our provisional scoring rates Bybit Card higher (8.1/10 vs 7.3/10), but the best pick depends on your country and how you spend.
| Feature | Phemex Card | Bybit Card |
|---|---|---|
| Our score | 7.3/10 | 8.1/10 |
| Type | Virtual | — |
| Networks | Mastercard | Mastercard/Visa |
| Rewards | Up to 1% unlimited cashback (no caps), paid in USDT | 2%–10% cashback on everyday spending; 100% cashback on select subscriptions |
| Annual fee | $0 (no card issuance fee, no annual fee, no account closure fee) | Virtual: free; Physical: 5–29.99 USD/yr (varies by region) |
| FX 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 fee | — | 2% on amounts above the monthly free withdrawal allowance |
| KYC | Full | Full |
| Custody | Custodial | Custodial |
| Supported coins | USDT, USDC | USDT (multiple cryptos selectable) |
| Availability | European Economic Area (EEA); more regions coming soon | EEA, Switzerland, UK, Australia, Brazil, Argentina, Mexico, Peru, Kazakhstan (AIFC), APAC — availability and terms vary by region |
| Apple / Google Pay | Yes | Yes |
Choose Phemex Card if…
- You reside in the European Economic Area (EEA) and want a virtual card for now, as Phemex Card is currently only available in the EEA and is virtual-only.
- You prefer spending stablecoins like USDT or USDC directly, as Phemex Card supports these cryptocurrencies exclusively.
- You want a card with no issuance, annual, or closure fees, as Phemex Card offers a completely free card with no hidden charges for standard use.
- You are interested in earning up to 1% unlimited cashback on all your spending, paid in USDT, without any caps or restrictions.
- You use digital wallets like Apple Pay, Google Pay, PayPal, Alipay, or WeChat Pay, as Phemex Card integrates seamlessly with these platforms.
Choose Bybit Card if…
- You want a card that supports a wider range of cryptocurrencies, as Bybit Card allows you to select from multiple cryptos, including USDT.
- You are looking for higher cashback rewards, as Bybit Card offers 2%–10% cashback on everyday spending, along with 100% cashback on select subscriptions.
- You need both virtual and physical card options, as Bybit Card provides both, although the physical card comes with an annual fee that varies by region.
- You are flexible with your location, as Bybit Card is available in multiple regions beyond the EEA, including Switzerland, the UK, Australia, and parts of Asia, South America, and Central Asia.
- You are comfortable with additional fees, such as foreign exchange (FX) fees that vary by region and an ATM fee for amounts above the monthly free withdrawal allowance.
Bottom line
Both the Phemex Card and Bybit Card offer unique advantages, but they cater to different user needs. If you are an EEA resident who values a fee-free card with stablecoin support and straightforward cashback, the Phemex Card is likely the better choice. However, if you seek higher cashback rewards, a wider range of cryptocurrency options, and the availability of both virtual and physical cards across multiple regions, the Bybit Card might be more suitable. Consider your specific preferences and location to make the best decision for your crypto spending needs.