Bybit Card

Bybit Card Mastercard and Visa Review: Fees, Rewards & Availability

Basic Information

The Bybit Card is a crypto-linked debit card that enables users to spend their cryptocurrency holdings at millions of merchants worldwide through instant conversion to fiat currency at the point of sale.

Rewards and Benefits

Cashback Structure

The Bybit Card offers a tiered cashback program based on the user's VIP level within the Bybit ecosystem. Unlike many competitors, no token staking is required to earn rewards.

• VIP 0 (Standard): 2% cashback (up to 5,000 points monthly)
• VIP 1-2: 2% cashback with higher monthly caps
• VIP 3: 4% cashback
• VIP 4: 6% cashback
• VIP 5: 8% cashback
• Supreme VIP: 10% cashback (up to 300,000 points monthly)

Additional benefits include:

• Auto-Savings feature earning up to 8% APY on idle balances
• 100% rebates on Netflix, Spotify, Amazon Prime, TradingView, and ChatGPT subscriptions
• Points can be redeemed in Rewards Market or converted to USDT, BTC, USDC, or AVAX (0.002 USDT equivalent per point)
• Premium airport lounge access at 250+ global locations (via Rewards Points redemption)

Note: The 100% rebates on premium AI services (Claude Pro, Midjourney, Perplexity Pro, Gemini Advanced, Cursor, DeepL, Windsurf AI) were part of a limited-time campaign (May 13, 2025 – June 13, 2025) and may not be a permanent benefit.

Points Calculation System

The Bybit Card uses a points-based rewards system calculated as follows:

Points Earning Formula:

• Points earned = (Transaction amount ÷ Currency point equivalent) × VIP multiplier
• Currency point equivalents:
  • 1 EUR/USD = 1 point
  • 900 ARS = 1 point
  • 5 BRL = 10 points

Point Multipliers by VIP Level:

• VIP 0-2: 10x multiplier
• VIP 3: 20x multiplier
• VIP 4: 30x multiplier
• VIP 5: 40x multiplier
• Supreme VIP: 50x multiplier

Cashback Conversion:

• Fixed conversion rate: 1 point = 0.002 USDT equivalent
• Cashback options: USDT, BTC, USDC, or AVAX
• Cashback value = Accumulated points × 0.002

Subscription Rebates:

• 100% cashback in points for eligible subscriptions
• Special points calculation: Transaction amount × 500
• Example: A €11.99 Spotify subscription generates 5,995 points

Points Processing:

• Points typically post within approximately 3 days after transactions
• No expiration date for earned points
• Monthly caps apply based on VIP level
• Total spending across both Bybit Card and Bybit Pay is combined for tier progression and caps

Bybit Loyalty Program

Bybit offers a unified loyalty program that combines spending across both Bybit Card and Bybit Pay. Users earn Rewards Points that can be exchanged for various benefits:

• Bonuses and fee savers
• Exclusive merchandise on Reward Market
• Direct cashback in cryptocurrency
• Airport lounge access (via Rewards Points redemption; VIP users receive 50% discount on redemption rates)

Key Features of the Unified Program:

• Combined spending totals from both Bybit Card and Bybit Pay
• Faster tier progression with instant upgrades (next business day vs. previous month-long waits)
• Centralized point earning and redemption system

Tier Structure and Benefits:

Tier	VIP User					Non-VIP User
	VIP Level	Point Multipliers / Cashback Rate	Monthly Point Cap	Equivalent Monthly Cashback Cap (USD)	Minimum Monthly Spending (USD)	Point Multipliers / Cashback Rate	Monthly Point Cap	Equivalent Monthly Cashback Cap (USD)
Tier 1 (Base)	-	-	-	-	0	10 / 2.00%	2,500	5
Tier 2 (Beta)	VIP 1 & 2	10 / 2.00%	25,000	50	500	10 / 2.00%	25,000	50
Tier 3 (Alpha)	VIP 3	20 / 4.00%	75,000	150	3,500	20 / 4.00%	75,000	150
Tier 4 (Apex)	VIP 4 & PRO 1	30 / 6.00%	125,000	250	9,500	30 / 6.00%	125,000	250
Tier 5 (Omega)	VIP 5 & PRO 2	40 / 8.00%	200,000	400	12,500	40 / 8.00%	200,000	400
Tier 6 (Infinite)	Supreme VIP, PRO 3, PRO 4 & PRO 5	50 / 10.00%	300,000	600	25,000	50 / 10.00%	300,000	600

Merchant Rebate Program (100% Cashback):
Users from Tier 2 and above are eligible for 100% purchase rebates on the following services:

• TradingView (monthly subscriptions only)
• ChatGPT Plus
• Netflix
• Spotify
• Amazon Prime

Rebates are credited on the last day of every calendar month and are subject to the maximum monthly cashback limits listed in the tier table.

Example Calculation:

A Tier 2 (Beta) user pays €11.99 for Spotify Premium

• Earns 5,995 points (11.99 × 500)
• Remaining monthly cap: 25,000 - 5,995 = 19,005 points

The same user spends €29.90 on Amazon Prime

• Earns 14,950 points (29.90 × 500)
• Total points: 5,995 + 14,950 = 20,945
• Remaining monthly cap: 25,000 - 20,945 = 4,055 points

The user then spends €15.99 on Netflix

• Would normally earn 7,995 points (15.99 × 500)
• Due to monthly cap, only receives remaining 4,055 points
• Monthly point limit reached

User spends €500 in retail stores

• Would normally earn 5,000 points (500 × 10)
• Receives 0 points as monthly cap was already reached

Premium Travel Benefits

The Bybit Card offers premium airport lounge access at over 250 global locations including:

• Singapore Changi Airport
• Dubai International Airport
• Melbourne Airport
• Argentina's Ezeiza International Airport
• Major European hubs

Access Options:

• All cardholders can redeem Rewards Points for lounge access through the Rewards Mall
• VIP users (VIP 1+) receive a 50% discount on the points redemption rate
• Lounge access is available regardless of airline or ticket class

Additional Travel Benefits:

• Region-dependent foreign transaction fees (see Fees and Limits section)
• Global ATM access
• 24/7 travel assistance through dedicated support channels

Fees and Limits

The Bybit Card has a competitive fee structure that varies by region, with no monthly or annual fees across all markets.

Spending and Withdrawal Limits (EEA & Switzerland - Level-Based):

Note: Limits for other regions (Argentina, Brazil, Asia Pacific) may vary. Users should consult the Bybit Help Center for region-specific limits.

Card Lite Lifetime Limit: €150 total spending (no ATM withdrawals available)

Card Tiers and Options

Card Types

VIP Tier Structure

All VIP levels also receive benefits such as priority customer support, exclusive trading fee rates, privileged fiat services, early access to new products, and special event invites. With the unified rewards program, tier upgrades now occur the next business day after meeting spending thresholds, rather than the previous month-long wait.

Top-Up Methods

Users fund the Bybit Mastercard Prepaid Card by utilizing balances held in their Bybit account, choosing from supported cryptocurrencies (BTC, ETH, XRP, USDT, USDC, TON, and regionally BNB/MNT) or available fiat currency. At the point of purchase, if there is no sufficient fiat balance, the card automatically converts crypto to fiat using Bybit's One-Click Sell mechanism at a 0.9% fee, with a foreign exchange fee of 0.5-1% for non-local currencies. Funds must be held in Bybit's custodial wallet, meaning users must transfer assets from their external/self-custody wallet or trading subaccount into Bybit's Funding Account, thus relinquishing custody to the platform before they can be used for card spending. Top-up and spending are managed in the Bybit app, allowing real-time balance conversion with no waiting period for funds to become available. Only select cryptocurrencies are supported for funding, and users should be aware of transaction limits (e.g., €5,000 per transaction, €50,000 per month in the EEA) and the requirement to trust Bybit's custodial solution.

Self-Custody Custodial

The Bybit Card operates on a fully custodial model where Bybit controls and manages user funds throughout the entire process. Users do not maintain control over private keys and must trust Bybit's platform to hold and convert their crypto assets. Crypto-to-fiat conversion occurs instantly at the point of sale with a 0.9% fee. Users must comply with full KYC requirements, and funds are held within Bybit's custody infrastructure integrated with their trading platform. In the event the issuer ceases operations or faces regulatory changes, access to funds depends on Bybit's platform status and applicable regulations. The card also has geographic and crypto selection restrictions, further emphasizing reliance on Bybit's custodial services.

Supported Currencies and Conversion

Supported Cryptocurrencies

The Bybit Card supports conversion from a region-dependent selection of cryptocurrencies:

EEA & Switzerland:

• Bitcoin (BTC)
• Ethereum (ETH)
• XRP
• Tether (USDT)
• USD Coin (USDC)
• Toncoin (TON)

Note: New users in EEA/Switzerland are limited to selecting 3 payment crypto assets. Existing users may keep more assets unless they change their selection.

Asia Pacific:

• Bitcoin (BTC)
• Ethereum (ETH)
• XRP
• Tether (USDT)
• USD Coin (USDC)
• Toncoin (TON)
• BNB (Binance Coin)
• Mantle (MNT)

Other Regions:
Supported cryptocurrencies may vary; users should consult the Bybit Help Center for their specific region.

Supported Fiat Currencies

The card operates in several fiat currencies, with the denomination determined by the user's region:

• EUR (Euro)
• GBP (British Pound) - supported as currency but not issued in UK
• USD (US Dollar)
• ARS (Argentine Peso)
• BRL (Brazilian Real)
• Various other local currencies depending on region

Conversion Process

• Fiat balance in Bybit Funding Account is used first when available
• If insufficient, auto-conversion from crypto occurs at point of sale
• User can set priority order for which crypto assets to convert first
• Conversion happens instantly via Bybit's One-Click Sell mechanism with region-dependent fees (0.5-0.9%)
• Exchange rates for foreign currencies based on Mastercard/Visa wholesale rate plus region-dependent FX fees

Cashback Currency Options

Users can select their preferred cashback currency from four options:

• USDT (default option)
• BTC
• USDC (added April 18, 2025)
• AVAX (added February 14, 2025, with promotional rates up to 10%)

The selection can be changed at any time through the Bybit app, with the new preference applying to future transactions.

Geographic Availability

The Bybit Card is available in select regions worldwide, with specific restrictions based on regulatory requirements and local compliance frameworks.

Europe

EEA (European Economic Area):
The Bybit Card is available to residents of eligible EEA countries, excluding Croatia, Iceland, Ireland, Liechtenstein, France, and Romania. Supported countries include: Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, Germany, Greece, Hungary, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden.

Other European Countries:
Switzerland (CH)

Americas

Latin America:
Argentina (AR), Brazil (BR), Mexico (MX)

Asia

Asia Pacific:
The Bybit Card is available in select Asia Pacific markets via Visa network. Specific countries include Kazakhstan (via AFSA license).

Oceania

Australia (AU)

Restricted Regions

The Bybit Card is not available in the following jurisdictions:

• North America: United States (US), Canada (CA)
• Europe: United Kingdom (UK), France (FR), Croatia (HR), Iceland (IS), Ireland (IE), Liechtenstein (LI), Romania (RO)
• Asia: Singapore (SG), China (CN)
• Sanctioned countries and other jurisdictions listed in Bybit's Service Restricted Countries

Regional Variations

• Each region receives cards on specific payment networks (Mastercard for EEA/Switzerland; Visa for Asia Pacific)
• Cards are denominated in region-specific local currencies
• Spending limits vary by region and verification level
• Regulatory requirements and supported features differ by jurisdiction
• Mobile wallet support varies (EEA/Switzerland supports Apple Pay, Google Pay, Samsung Pay; Asia Pacific supports Google Pay only)

European Expansion

With the MiCAR license obtained from Austria's Financial Market Authority (FMA) in May 2025, Bybit has established its European headquarters in Vienna with plans to hire 100+ staff. This regulatory approval enables Bybit to serve eligible EEA member states through the regulatory passporting mechanism, though specific country exclusions still apply based on local regulations.

Regulatory Structure and Licensing

EEA & Switzerland Program Structure

Card Issuer: Harmoniie SAS (regulated e-money institution)

Programme Manager: UAB Onlychain Fintech

Regulatory Framework:

• MiCAR (Markets in Crypto-Assets Regulation) license from Austria's Financial Market Authority (FMA)
• Authorization granted to Bybit EU GmbH (administrative decision dated May 28, 2025; published May 30, 2025)
• EU e-money regulations compliance
• Regulatory passporting enables service across eligible EEA member states

European Headquarters: Vienna, Austria

Other Regions

Card Issuer: Bybit Limited and regional regulated institutions

Regulatory Licenses:

• AFSA (Astana Financial Services Authority) license for international operations
• Local VASP (Virtual Asset Service Provider) registration in countries like Argentina
• Region-specific financial services licenses

Card Network Partnerships

Bybit has partnered with Thredd to issue both Visa and Mastercard products across different markets:

• Mastercard network for EEA & Switzerland
• Visa network for Asia Pacific region

This multi-network approach enables Bybit to scale card programs globally while complying with regional regulatory requirements.

Compliance and Security

Identity Verification

• Basic KYC (identity verification) for Card Lite
• Full KYC including address verification for Standard card
• Additional information may be required for specific regions (e.g., CPF in Brazil)
• PEP (Politically Exposed Person) screening

Security Features

• EMV chip with PIN protection for physical cards
• 3-D Secure (3DS) authentication for online transactions
• Instant freeze/unfreeze capability via Bybit app
• Mobile wallet tokenization (region-dependent: EEA/Switzerland supports Apple Pay, Google Pay, Samsung Pay; Asia Pacific supports Google Pay)
• 2-Factor Authentication required for sensitive actions
• Real-time transaction alerts

Technical Details

Integration with Bybit Platform

• Card management integrated into main Bybit app
• Seamless connection to Bybit's trading and custody infrastructure
• Automatic conversion using Bybit's exchange rates and liquidity
• Shared KYC/identity verification with main Bybit account

Conversion Mechanics

• Settlement is instant at point of sale
• Conversion rate is market rate plus region-dependent fee (0.5-0.9%)
• Exchange rates for foreign currencies based on Mastercard/Visa wholesale rate plus applicable FX fees
• Minimum conversion amounts apply (e.g., 0.01 EUR for EEA/Switzerland, 10 ARS for Argentina, 0.05 BRL for Brazil)

Card Technology

• EMV chip-enabled for physical cards
• Contactless payment capability
• Virtual card details accessible through Bybit app
• PIN management through dedicated interface

Payment Crypto Asset Limitations

• EEA & Switzerland: New users are limited to 3 payment crypto assets
• Other Regions: Limitations may vary; consult regional documentation

User Experience

Mobile App Features

• Card management integrated into main Bybit app
• Balance checking and transaction history
• Crypto priority selection for conversion order
• Security controls (freeze/unfreeze, PIN management)
• Support for both iOS and Android

Support Channels

• 24/7 multilingual customer support via chat and email
• Dedicated card FAQ and help center
• VIP users receive priority support

User Feedback

• Positive aspects: Seamless crypto-to-fiat conversion, worldwide acceptance, generous rewards, minimal fees
• Pain points: Limited country support, restricted crypto selection (especially for EEA/Switzerland new users limited to 3 assets), occasional support delays for complex issues

Usage Optimization

• Maintain sufficient fiat balance to avoid conversion fees
• Use card in regions with lower FX fees when possible (EEA/Switzerland has lowest at 0.5%)
• Stay within free ATM withdrawal limits (first €100/month or first withdrawal depending on region)
• Keep funds in Auto-Savings to offset conversion fees with earned interest
• For EEA/Switzerland users: carefully select your 3 payment crypto assets to match spending patterns

Best Suited For

• Active Bybit traders who want to directly spend trading profits without multiple transfers
• Crypto investors who seek to use their digital assets for everyday purchases without manual conversions
• High-volume users who can benefit from the tiered VIP structure and elevated rewards
• International travelers in supported regions who want to avoid traditional banking FX fees
• Subscription service users who can maximize value through 100% rebates on supported services (Netflix, Spotify, Amazon Prime, TradingView, ChatGPT)
• Frequent travelers who can benefit from airport lounge access (via Rewards Points redemption) and global ATM availability
• European residents in eligible EEA countries and Switzerland seeking competitive crypto-to-fiat conversion rates

Pros and Cons

Pros

• No staking requirements for rewards (unlike many competitors)
• Generous cashback rates up to 10% based on VIP level
• 100% rebates on popular subscriptions (Netflix, Spotify, Amazon Prime, TradingView, ChatGPT)
• Seamless integration with Bybit's broader ecosystem
• Premium airport lounge access at 250+ global locations (via Rewards Points redemption; VIP users get 50% discount)
• Multiple cashback currency options (USDT, BTC, USDC, AVAX)
• Unified rewards program with faster tier progression (next business day)
• Multi-network support (Mastercard and Visa)

Cons

• Limited geographic availability (unavailable in US, UK, Canada, France, Singapore, China, and other major markets)
• Restricted selection of supported cryptocurrencies (region-dependent)
• EEA/Switzerland new users limited to 3 payment crypto assets
• High foreign exchange fees in some regions (Argentina: 7% + 5% FX fill; Brazil: 1.5% + 3% FX fill)
• Custodial solution requiring trust in Bybit's platform
• Mobile wallet support varies by region (Asia Pacific lacks Apple Pay and Samsung Pay)
• Premium AI service rebates were limited-time promotional offer

Conclusion

The Bybit Card stands out in the crypto card market with its combination of zero annual fees, region-dependent competitive conversion rates (0.5-0.9%), and industry-leading rewards program offering up to 10% cashback without requiring token staking. The integration with Bybit's trading platform creates a seamless experience, allowing users to instantly spend trading profits with minimal friction.

With recent enhancements including premium airport lounge access (via Rewards Points redemption with VIP discounts), expanded cashback currency options (USDT, BTC, USDC, and AVAX), and a unified rewards program with faster tier progression, the Bybit Card has strengthened its competitive position. The MiCAR license obtained in May 2025 has also expanded its European footprint, though specific country exclusions still apply within the EEA.

The card's primary limitations remain its geographic restrictions (unavailable in the US, UK, Canada, France, and other major markets) and limited cryptocurrency support, particularly for EEA/Switzerland users who are restricted to 3 payment crypto assets. Additionally, the custodial nature means users must trust Bybit with their funds, and foreign exchange fees can be substantial in some regions (up to 12% total in Argentina).

The Bybit Card is ideally suited for active Bybit users in supported regions who want to maximize the utility of their crypto holdings. Its combination of worldwide acceptance, minimal fees, generous rewards, and premium travel benefits makes it one of the top crypto debit cards available, particularly for those who already use the Bybit platform for trading or holding assets. European users in eligible EEA countries and Switzerland benefit from the most competitive fee structure (0.9% conversion + 0.5% FX), while users in other regions should carefully evaluate the total fee burden before committing.

Additional Information

Tax Considerations

Users should be aware that spending crypto via the card constitutes a crypto-to-fiat conversion, which may be a taxable event in many jurisdictions. Bybit does not currently provide detailed tax reporting for card transactions, placing the record-keeping burden on users.

Regulatory Risks

As crypto regulations continue to evolve globally, there is potential for regulatory changes to impact card availability or features. Bybit has demonstrated willingness to exit markets when regulations change (as seen with the UK and France restrictions), so users should be mindful of potential service disruptions. The recent MiCAR license in Europe provides greater regulatory certainty in eligible EEA countries and Switzerland, but users in other jurisdictions should remain aware of potential regulatory developments that could affect service availability.