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

Unified Rewards Tier System

Bybit Card operates on a unified rewards tier system that combines spending across both Bybit Card and Bybit Pay. Non-VIP users unlock higher tiers by meeting monthly spending thresholds, while VIP users receive their corresponding tier directly based on their VIP level.

Tier Progression Mechanics:

• Non-VIP users start at Tier 1 Base and unlock higher tiers by reaching monthly spending thresholds
• Unlocked tiers remain active until the end of the following calendar month
• If spending thresholds are not met again, tiers are downgraded
• VIP users do not drop below the tier corresponding to their VIP level
• Tier upgrades occur the next business day after meeting spending requirements

Subscription Rebate Program (100% Cashback):
Bybit Card users from Tier 2 Beta and above can receive 100% cashback in Rewards Points on selected subscriptions, including TradingView monthly subscriptions, ChatGPT, Netflix, Spotify, and Amazon Prime. The rebate is not unlimited and counts toward the user's normal monthly points/cashback cap.

Subscription Cashback Calculation:
Selected merchant rebates are calculated at $1 or local currency equivalent = 500 points, which equals 100% cashback because 1 point = 0.002 USDT equivalent.

Subscription Cashback Cap:
Subscription rebates share the same monthly points cap as normal card rewards. For example, Tier 2 Beta users are capped at 25,000 points, equivalent to $50 cashback per month. Once the cap is reached, additional subscription or retail spending earns no further points that month.

Additional benefits include:

• Auto-Savings feature earning up to 8% APY on idle balances
• 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)

Points Calculation System

Bybit Card uses a points-based rewards system where cashback value is calculated as accumulated points × 0.002.

Points Earning Formula:

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

Point Multipliers by Tier Level:

• Tier 1-2: 10x multiplier
• Tier 3: 20x multiplier
• Tier 4: 30x multiplier
• Tier 5: 40x multiplier
• Tier 6: 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

Points Processing:

• Points remain pending for 4 calendar days after the transaction is completed, then become available for redemption
• Auto Cashback must be enabled to receive cashback automatically in the Funding Account
• No expiration date for earned points
• Monthly caps apply based on tier level
• Total spending across both Bybit Card and Bybit Pay is combined for tier progression and caps

Pay Later Installment Rewards

Bybit Card offers an additional 1% cashback when completed Bybit Card purchases are converted into Pay Later installments. This has its own separate monthly cap and does not count toward the main Bybit Card cashback cap.

Pay Later Incentive Caps by Tier:

• Tier 1: 2,500 points / $5
• Tier 2: 25,000 points / $50
• Tier 3: 75,000 points / $150
• Tier 4: 125,000 points / $250
• Tier 5: 200,000 points / $400
• Tier 6: 250,000 points / $500

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

Premium Travel Benefits

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

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

Regional Spending Limits:

EEA & Switzerland Level-Based 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.

Top-Up Methods

• Pre-load required: must transfer supported crypto to Bybit Funding Account before spending
• Supports BTC, ETH, XRP, USDT, USDC, TON (region-dependent; some regions also support BNB, MNT)
• Top-up via Bybit app or web dashboard; funds drawn from Funding Account at purchase

Self-Custody Custodial

• Platform (Bybit) holds all private keys and manages user funds
• Users control spending via app, but do not have direct key access
• Crypto must be deposited to Bybit; instant conversion at spending
• If Bybit ceases operations, user funds are inaccessible

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

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)

EEA & Switzerland Service Migration:
Bybit Card services for the EEA & Switzerland region are being moved from bybit.com to Bybit EU. EEA residents are told to register on bybit.eu, complete identity verification, and apply for a new Bybit EU Card, which is separate from the existing Bybit Card on bybit.com. Bybit recommended completing this transition by 31 Dec 2025 to avoid interruption in new card transactions. Users still waiting for a Bybit EUR physical card on bybit.com can no longer activate that physical card and must apply through Bybit EU if eligible. Bybit EU has an independent rewards market where points earned on bybit.com cannot be used on bybit.eu, and vice versa.

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), Georgia.

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 (Google Pay supported globally; Apple Pay region-dependent)

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 (Google Pay supported globally; Apple Pay region-dependent)
• 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 (varies by region - see Fees and Limits section)

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 (varies by 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 seeking to use digital assets for everyday purchases without manual conversions
• High-volume users who can benefit from the tiered rewards structure and elevated cashback rates
• 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 unified tier system
• 100% rebates on popular subscriptions (Netflix, Spotify, Amazon Prime, TradingView, ChatGPT)
• Premium airport lounge access at 250+ global locations
• Multiple cashback currency options (USDT, BTC, USDC, AVAX)

Cons

• Limited geographic availability (unavailable in US, UK, Canada, France, Singapore, China)
• Restricted cryptocurrency selection (region-dependent)
• EEA/Switzerland new users limited to 3 payment crypto assets
• High foreign exchange fees in some regions (Argentina: 12% total)
• Custodial solution requiring trust in Bybit's platform

Conclusion

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 unified rewards tier system combining Bybit Card and Bybit Pay spending creates a seamless experience for users to maximize their cashback potential.

With recent enhancements including premium airport lounge access, expanded cashback currency options (USDT, BTC, USDC, and AVAX), and 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 the migration to Bybit EU creates some complexity for existing EEA/Switzerland users.

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.

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, 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.