Nexo Card Card Review: 2026 Bitcoin Rewards & Fees

A dual-mode Mastercard from Nexo, issued by DiPocket UAB. Credit mode draws on a crypto-backed credit line, so spending borrows against holdings rather than selling them; debit mode spends balances directly. Cashback pays in either the NEXO token or Bitcoin, at rates set by loyalty tier. Available to residents of selected European countries including the EEA and the UK, and not available in the US.

Rates are recorded here in Bitcoin, which is the honest comparison: cashback pays either in the NEXO token at a higher headline rate or in Bitcoin at a lower one. In credit mode with a balance of $5,000 or more, the tiers pay 2% in NEXO or 0.5% in BTC at Platinum, 1% or 0.3% at Gold, 0.7% or 0.2% at Silver, and 0.5% or 0.1% at Base.

• Credit mode borrows against crypto rather than selling it, so a purchase is not a disposal
• One card carries both a credit and a debit mode, switched by the holder
• No monthly, annual or inactivity card fees
• Nexo publishes crypto-backed credit lines starting from 1.9% interest

• The top cashback tier requires a balance of $5,000 or more alongside loyalty tier status
• Interest on the credit line varies with loan-to-value tier; the published figure is a starting rate, not a fixed one

• ⚠ Not available in the United States, so US readers should treat this as reference only
• ⚠ Credit mode is a collateralised loan, so a fall in collateral value can trigger liquidation
• ⚠ The headline cashback rate is paid in the NEXO token rather than Bitcoin, which is exposure to the issuer's own token; the Bitcoin rate is a quarter of it or less

Borrowing against crypto rather than selling it is generally not a disposal, so spending in credit mode does not itself create a capital gain, while debit mode spends holdings directly and is a disposal on each purchase. Liquidation of collateral is also a disposal. Non-US tax treatment differs by country. This is general information, not tax advice.

Bitcoin and crypto cards have tax consequences that ordinary cash-back cards do not. There is no IRS guidance directly addressing Bitcoin credit-card rewards: in practice, rewards you earn by spending are widely treated the same as a cash-back rebate, not taxable when received, with the Bitcoin taking a cost basis so that a later sale is taxable. Treatment can differ for rewards that are not tied to spending. Spending crypto with a debit or spend card is different: each purchase is a disposal that triggers a capital gain or loss versus your cost basis, which can make frequent crypto spending a real cost and a record-keeping burden. From the 2026 tax year, US exchanges report user gains and losses to the IRS on Form 1099-DA. This is general information, not tax advice; consult a qualified tax professional about your situation.