In the evolving world of digital finance, the ability to spend cryptocurrencies directly has become a significant advantage for crypto enthusiasts. The Bybit Card, a debit card introduced by the Bybit exchange, allows users to make everyday purchases using their crypto holdings, offering cashback rewards and simplifying the spending process.
This article explores what the Bybit Card is, how its reward system works, and the steps to apply and use it effectively.
What Is the Bybit Card?
The Bybit Card is a debit card issued by the Bybit cryptocurrency exchange. It enables users to spend their crypto assets at any merchant that accepts Mastercard or Visa. Supported cryptocurrencies include BTC, ETH, XRP, TON, USDT, USDC, MNT, and BNB.
For crypto investors, converting digital assets into traditional fiat currency often involves multiple steps and fees. The Bybit Card simplifies this process by allowing direct spending, though it’s important to note that the card automatically converts crypto to fiat at the point of sale. A conversion fee applies, but it is generally lower than standard withdrawal fees.
Rewards Structure and Distribution Timeline
One of the standout features of the Bybit Card is its rewards program. Users can earn between 2% and 10% cashback based on their VIP tier, with certain categories offering up to 100% rewards.
Rewards Points System
Rewards are distributed in the form of points. For every 1 USD equivalent spent, users earn N points (where N depends on their VIP level). These points can be converted to USDT at a fixed rate of 0.002 USDT per point or redeemed for selected products. Points do not expire.
Users can also enable the auto-cashback feature. When activated, every 50 points accumulated will be automatically converted to USDT and deposited into the funding account by 9 AM the following day.
Standard Cashback Tiers
For general spending, users receive cashback based on their VIP level. Points are typically credited within three calendar days.
| VIP Level | Points Multiplier | Equivalent Cashback | Monthly Points Cap (USD spent) | Max Monthly Reward (USDT) |
|---|---|---|---|---|
| 0 | 10 | 2% | 5,000 (500) | 10 |
| 1 | 10 | 2% | 37,500 (3,750) | 75 |
| 2 | 10 | 2% | 75,000 (7,500) | 150 |
| 3 | 20 | 4% | 100,000 (5,000) | 200 |
| 4 | 30 | 6% | 150,000 (5,000) | 300 |
| 5 | 40 | 8% | 200,000 (5,000) | 400 |
| Supreme | 50 | 10% | 300,000 (6,000) | 600 |
For example, a VIP3 user spending 100 USD would earn 2,000 points, which translates to 4 USDT—effectively a 4% return.
Higher-tier VIP users can enjoy significantly better rewards, making the card especially appealing for frequent spenders.
Exclusive VIP-Only Rewards
VIP1 and above users enjoy enhanced rewards for specific categories:
- 100% cashback (500x points) on TradingView, ChatGPT, Netflix, Spotify, and Amazon Prime subscriptions.
- 50% cashback for airport lounge access.
Note that these special rewards share the same monthly points cap as standard rewards and are distributed on the last day of each month.
How to Apply and Use the Bybit Card
Applying for the Bybit Card is straightforward. Through the Bybit app, navigate to “More” → “Finance” → “Card” to begin the application.
You must have a verified Bybit account. During application, you’ll need to provide proof of address and identity. Most users in East Asia are eligible for a virtual card. The card network (Visa or Mastercard) depends on the user’s country of residence.
Once approved, transfer supported cryptocurrencies into your funding account. You can then use the card details for online and in-store purchases. 👉 Explore more strategies for using crypto cards
After each transaction, the equivalent crypto amount is temporarily frozen until the merchant processes the payment. VIP users also earn interest on idle assets in their funding account.
Fee Structure
Understanding the fees is essential for maximizing card benefits:
- Foreign transaction fee: 1% (plus Mastercard’s exchange rate margin)
- Crypto conversion fee: 0.9% (minimum 1 USDT)
- Annual fee: None
- Inactivity fee: None
- Card cancellation fee: None
- Card issuance: Virtual card—free; Physical card—5 USD/USDT
- ATM withdrawal: First 150 USD per month is free; 2% per transaction thereafter
Spending Limits
The card comes with the following spending caps:
- Daily: 5,000 USD
- Monthly: 50,000 USD
- Yearly: 250,000 USD
LITE cardholders have a lower limit of 150 EUR. These limits are fixed and cannot be adjusted.
Is the Bybit Card Worth It?
From a crypto-spending perspective, the Bybit Card is highly practical. Its spending limits are sufficient for most everyday needs, eliminating the need for frequent withdrawals.
For non-VIP users, the rewards may be offset by fees, making traditional credit cards more attractive purely from a cashback standpoint. However, for VIP3 and above users, the rewards are competitive even after factoring in costs.
Frequently Asked Questions
What should I do if my Bybit Card is stolen or compromised?
You can immediately freeze the card through the card management section in your account. Contact Bybit support to dispute unauthorized transactions and request a replacement card if needed.
How do I start using the Bybit Card?
After successful application and identity verification, transfer supported cryptocurrencies to your funding account. You can then use the card online or in stores. Transactions are automatically deducted from your crypto balance.
Which cryptocurrencies are supported for spending?
You can spend BTC, ETH, XRP, TON, USDT, USDC, MNT, and BNB directly with the card.
How are the rewards paid out?
Rewards are earned as points, which can be converted to USDT or used to redeem products. Auto-cashback is available for automatic redemption.
Are there any geographic restrictions for using the card?
The card is available globally wherever Mastercard or Visa is accepted, though eligibility for physical or virtual cards may depend on the user’s country.
Can I use the Bybit Card for online subscriptions?
Yes, and VIP users get enhanced rewards for popular services like Netflix, Spotify, and Amazon Prime.
Final Thoughts
To summarize, the Bybit Card offers:
- Direct crypto spending without traditional withdrawal.
- Easy online application.
- Support for multiple major cryptocurrencies.
- Cashback rewards from 2% to 10%, based on VIP level.
- Low conversion fees compared to standard withdrawal methods.
For active crypto users, especially those with higher VIP status, the Bybit Card is a compelling tool for daily spending and earning rewards.