Nexo Card Review

Nexo Card Review

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The Nexo debit card is a highly anticipated Mastercard for which waitlist signups and existing customers have been waiting over a year. Despite missed targets, Nexo's impressive proven track record as a CeFi provider of crypto-backed loans makes for an interesting and unique offering as a debit card. The Nexo card promises to offer some existing features and we look forward to updating this Nexo card review once fully released.
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8/10 (Expert Score)
Product is rated as #14 in category Crypto Cards
Features
8
Usability
9
Payment options
8
Fees and charges
8
Perks & rewards
8
Company & Reputation
6
Support
8.5
PROS:
  • Receive an instant 2% cashback paid Bitcoin or Nexo tokens.
  • Loan options to spend fiat instead of crypto.
  • Free additional virtual cards.
  • Instant settlement from crypto to fiat on purchases.
  • No monthly or yearly fees.
  • No foreign exchange fees.
CONS:
  • Not yet available and has a long waitlist.
  • Nexo has failed to verify in the past where they are legally incorporated, licensed and regulated.

Specification: Nexo Card Review

Company & Availability
Insurance Coverage Pooled
Eligible regions
KYC
Credit Check No
Savings Information
Supported Fiat Currencies
Supported Cryptocurrencies
Gas fees N/A
Availability
ATM Access Worldwide
Pay In Local Currencies Yes
Support
24 hour support Yes
Live Support Yes
Staking
Staking required N/A
Staking amount N/A
Minimum stake Term N/A
Token Ticker NEXO
Rewards
Cashback on spending 2% Cashback in NEXO or BTC
Cashback Restrictions N/A
Max Cashback N/A
Referral Rewards n/a
Perks
Perks
Spending Limits
Daily ATM Limit Not specified
Monthly ATM Limit N/A
Monthly Purchase Limit N/A
Fees
Monthly fee No
Online/Offline Purchase Fees No fee
Topping up fee No fee
ATM Fees /
International ATM fee No fee
POS Foreign Transaction fee No fee
Card Replacement Fee N/A
ACH Declined N/A
Charge back processing N/A
Dormancy No fee
Exchange Rate Provider Mastercard
Card Features
Instant settlement Yes
Prepaid N/A
Topping up limit N/A
App Payments Apple Pay, Google Pay
Dual-Interface NFC/EMV (Card with chip) Yes
Virtual Cards Yes
Physical Cards Yes
Security
Fraud Monitoring Yes
Freeze / Unfreeze Yes
Instant Notifications Yes
Pin Viewing Yes
2FA Yes
Asset protection & Insurance
Audited N/A
Cold Storage Yes
Company Backing /
FDIC insurance N/A
Insured by BitGo

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