About Nexo Card
The Nexo Card is a natural extension of the Instant Crypto Credit Lines, allowing you to make everyday purchases on the go without having to sell your valuable crypto. Put simply, Nexo gives you fiat you can spend and in return, you provide crypto as security for repayment – and all this is done in the background whenever you make a purchase with your card.
Nexo Card Specification Overview
| Card | Features |
|---|---|
| Anonymity | Medium |
| Available in USA | No – European Economic Area (EEA) only |
| Reward plan | Yes – Up to 2% in crypto |
| Mobile App | Yes – iOS & Android |
| Abroad Transfer | 0% |
| Card Currency | Yes – Apple Pay & Google Pay |
| Official website | Click Here To Visit |
About Nexo Card
Since 2018 Nexo has strived to bring professional financial services to the world of digital assets. Leveraging the best of the team’s years of experience in FinTech along with the power of blockchain technology, Nexo empowers millions of people to harness the value behind their crypto assets, shaping a new, better financial system. Nexo currently manages assets for 5М+ users across 200 jurisdictions.
How to Apply for the Nexo Rewards Credit Card
You can apply for the Nexo Rewards credit card via the Nexo website. You’ll see a link to “Get your card” on the homepage.
The first step to apply for your card is to sign up for BlockFi. You can do this by providing your full name, a password and confirming that you’re over 18.
Rewards and Features
Intuitive Nexo App
The Nexo app enables you to create virtual cards you can use whenever you want to experience safer online shopping.
You can use the app’s single-tap card freezing function to freeze or unfreeze your Nexo card if it gets stolen or when you suspect foul play.
The Nexo app also comes in handy for viewing your PIN or changing it at an ATM nearest you anytime you feel like it.
No Minimum Repayments & No Fees
Yes, you read that right. We don’t require you to make any minimum monthly repayments on your Nexo Card! There are also no monthly, annual, or inactivity fees to worry about.
Cashback Rewards
Nexo rewards you with up to 2% cashback every time you shop with your card, regardless of how much you spend. Once you purchase, the Nexo platform calculates your rewards and credits them to your Nexo account.
You can choose to receive your cashback reward as Bitcoin or Nexo tokens.
Go Virtual & Spend Immediately
Don’t want to wait for your physical card to arrive? Simply activate your virtual Nexo Card with a single tap and start spending with your phone instantly.
Your Friends Are Safe with Us
The users’ security and privacy are of utmost importance to us. Nexo is equipped with top-tier security infrastructure, ensuring full protection of custodial assets at all times.
Loyalty Tiers
The amount of cashback is determined by your loyalty tier; the higher your loyalty tier, the more significant the amount of cashback you earn.
The maximum amount of 0.5% cashback is achievable by users who join the Premium Loyalty tier. However, you must hold at least 10% of your crypto portfolio balance in Nexo, which can be purchased from within the Nexo platform.
Optimize Your Tax Liabilities
When spending through a debit crypto card your digital assets are sold and converted to fiat which triggers a taxable event. The Nexo Card allows you to spend without selling your crypto, hence no taxable event will occur.
Nexo Card Security
According to the Nexo card’s website, the platform employs state-of-the-art “military-grade 256-bit encryption”. The firm’s website says it uses fraud monitoring mechanisms at all times.
Support
Nexo’s customer service team is available by email and live chat for current and potential investors. The crypto lender also maintains official accounts on major social media platforms like Facebook, Twitter, Instagram, Telegram, YouTube, and Reddit.
How to Apply for the Nexo Rewards Credit Card
You can apply for the Nexo Rewards credit card via the website. You’ll see a link to “Get your card” on the homepage.
The first step to apply for your card is to sign up for Nexo. You can do this by providing your full name, a password and confirming that you’re over 18.
Rewards
Depending on the loyalty tier, card holders can earn an extra cashback on every purchase or ATM withdrawal. The rewards are paid out in Bitcoin (up to 0.5% back) or NEXO Tokens (up to 2% back). You also have the option to change your reward currency at any time.
Each Loyalty tier has its own crypto rewards rate, here is the breakdown:
- Platinum: 2% in NEXO Tokens or 0.5% in BTC
- Gold: 1% in NEXO Tokens or 0.3% in BTC
- Silver: 0.7% in NEXO Tokens or 0.2% in BTC
- Base: 0.5% in NEXO Tokens or 0.1% in BTC
Nexo Debit Card vs Binance
Crypto debit cards can be extremely useful and their popularity continues to grow. As more and more people join the crypto space, companies have decided to create easier access.
Is the BlockFi Credit Card Safe?
Yes, Nexo Visa card is safe to use for investors worldwide. Although the rewards are managed by Nexo, the card is issued by Evolve Bank & Trust. Cryptocurrency assets are held by regulated custodians.
