Bybit Card
The Bybit Card offers up to 10% cashback and enables users to offramp crypto seamlessly for daily purchases. VIP tiers via MNT holdings unlock higher rewards.[source]
What you should know about Bybit Card
- Auto-converts your crypto: Instantly spend BTC, ETH, USDT, and more at any Mastercard merchant without manual pre-conversion.
- Up to 10% cashback: Earn rewards on every purchase based on your VIP tier, redeemable for crypto or bonuses.
- Zero annual fees: No setup or yearly costs, though a 0.9% crypto conversion fee applies to transactions.
- Virtual & physical options: Start spending immediately online with the virtual card while waiting for the physical one to arrive.
Pros & Cons
Strengths
- + Seamless crypto offramp for daily use
- + Up to 10% rewards (VIP levels)
- + No monthly or annual maintenance fees
- + Widely accepted Mastercard network
Weaknesses
- - Taxable events triggered on every conversion
- - Tiered limits can be restrictive for non-VIPs
- - Physical card issuance fees apply in most regions
Facts about the Bybit Card
Bybit Card Topics
Bybit Card FAQ
How does the Bybit Card's crypto conversion fee interact with foreign exchange fees when making international purchases?
When using the Bybit Card for transactions in a currency other than your card's base denomination, you incur a foreign exchange fee ranging from 1% to 7% on top of Mastercard's standard exchange rate. If your transaction is funded by crypto rather than fiat, an additional crypto conversion fee of 0.5% to 0.9% is applied. This means international purchases funded directly with crypto can carry cumulative fees, making it more cost-effective to pre-convert your crypto to the local fiat currency if possible.
What is the exact mechanism for reaching the maximum 10% crypto cashback rate?
The 10% cashback rate is not a flat reward but a tiered benefit tied to your Bybit VIP status, which is largely determined by your Mantle (MNT) token holdings and trading volume. Users must stake or hold specific thresholds of MNT to climb the VIP tiers. The highest tiers unlock the maximum 10% cashback, which is paid out in crypto rewards rather than fiat.
Does every transaction with the Bybit Card trigger a taxable event?
Yes, in most jurisdictions, using the Bybit Card to spend cryptocurrency is considered a disposal of the asset. When you make a purchase, the card automatically sells the required amount of your crypto balance for fiat to fund the transaction. This auto-conversion means you must track the capital gains or losses on the underlying crypto asset for each individual swipe, which can complicate your tax reporting.
Are there any hidden costs or spreads when auto-liquidating crypto for daily spending?
Beyond the explicit 0.5% to 0.9% crypto conversion fee, the Bybit Card utilizes a One-Click Sell exchange rate for auto-liquidations. This rate often includes an implicit spread compared to the spot market price. Therefore, the actual cost of liquidating your crypto at the point of sale may be slightly higher than trading the asset on the spot market beforehand and spending the resulting fiat balance.
How do the ATM withdrawal fees and limits scale with different Bybit Card VIP tiers?
The Bybit Card generally allows a certain amount of fee-free ATM withdrawals per month, after which a 2% fee is applied to all subsequent withdrawals. The baseline spending and withdrawal limits vary significantly based on your region and VIP tier. Higher-tier users can access elevated daily ATM limits compared to standard users, though the 2% fee still applies once the monthly free allowance is exceeded.
Why use Bybit Card
The Bybit Card sets itself apart in the crypto card market by offering a straightforward rewards structure that does not require staking a native exchange token. While competitors like the Crypto.com Visa Card mandate locking up substantial amounts of their proprietary token to unlock higher tiers, the Bybit Card offers up to 10% cashback based on your Bybit VIP level. This makes it significantly more accessible for users who want premium rewards without committing capital to an exchange token.
Additionally, the Bybit Card offers seamless integration with your existing Bybit Funding Account, meaning there is no need to pre-load a separate card wallet before spending. Your crypto is automatically converted to fiat at the point of sale, bypassing the cumbersome manual top-ups required by many alternatives. With zero annual fees, immediate access to a virtual card, and full Apple Pay and Google Pay support, it is engineered for maximum convenience and frictionless everyday spending.