The cryptocurrency market continues to evolve, and with it, the tools that bridge digital assets and real-world spending. One such innovation is the Bybit Card, a crypto-backed debit card that allows users to spend popular cryptocurrencies like BTC, ETH, USDT, and more — directly at any merchant that accepts Mastercard or Visa.
But is the Bybit Card truly worth applying for? Does its promise of up to 10% cashback hold up in practice? And how does it compare to traditional spending methods or other crypto cards?
Let’s dive into everything you need to know — from features and rewards to fees and practical use cases — to help you decide if this card fits your financial lifestyle.
What Is the Bybit Card?
The Bybit Card is a virtual or physical debit card issued by Bybit, one of the world’s leading cryptocurrency exchanges. It enables users to spend crypto instantly at millions of online and offline merchants worldwide.
Instead of going through the lengthy process of withdrawing crypto to a bank account, converting to fiat, and then spending — you can now use your crypto balance directly for everyday purchases. Supported currencies include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Binance Coin (BNB)
- XRP
- Toncoin (TON)
- Mantle (MNT)
When you make a purchase, the system automatically converts your chosen cryptocurrency into the local fiat currency (e.g., USD, EUR) at the point of sale. While this incurs a small conversion fee, it's often still more efficient than traditional withdrawal routes — especially when factoring in withdrawal fees and tax complications.
👉 Discover how easy it is to turn crypto into daily spending power.
How Does the Bybit Card Cashback Work?
One of the biggest draws of the Bybit Card is its tiered reward system, which rewards users based on their VIP level on the exchange.
Reward Structure: Points-Based System
Rewards are distributed in the form of points, not direct cash. Here’s how it works:
- For every $1 equivalent spent, you earn a certain number of points depending on your VIP tier.
- Each point equals 0.002 USDT.
- Points can be automatically converted to USDT once you hit 50 points (equaling 0.1 USDT), with payouts processed daily before 9 AM UTC.
- There’s no expiration date on points.
This automated redemption feature makes it hands-off — perfect for users who want passive rewards without manual claiming.
Standard Spending Rewards by VIP Level
| VIP Level | Points per $1 | Effective Cashback Rate | Monthly Spending Cap (with Rewards) | Max Monthly Reward (USDT) |
|---|---|---|---|---|
| 0 | 10 | 2% | $5,000 | 10 |
| 1 | 10 | 2% | $37,500 | 75 |
| 2 | 10 | 2% | $75,000 | 150 |
| 3 | 20 | 4% | $100,000 | 200 |
| 4 | 30 | 6% | $150,000 | 300 |
| 5 | 40 | 8% | $200,000 | 400 |
| VIP Supreme | 50 | 10% | $300,000 | 600 |
For example:
A VIP 3 user spending $100 earns 2,000 points, which convert to 4 USDT — a solid 4% return.
Even after accounting for transaction fees, higher-tier users still enjoy net gains, making this one of the most competitive reward structures among crypto cards.
Exclusive VIP Cashback Offers
Bybit goes further by offering boosted rewards on select platforms for VIP 1 and above:
100% cashback (up to 500x points) on subscriptions like:
- Netflix
- Spotify
- Amazon Prime
- TradingView
- ChatGPT
- 50% cashback on airport lounge access
These rewards are credited on the last day of each month and count toward your monthly cap. So while they’re generous, they don’t stack independently — plan your spending accordingly.
👉 Maximize your subscription spending with crypto-powered rewards.
How to Apply for the Bybit Card
Getting started is straightforward:
- Have an active Bybit account.
- Complete identity verification (KYC) and provide a recent proof of address (within 3 months).
- Go to the "More" section in the Bybit app > select "Finance" > tap "Card".
- Choose between virtual or physical card (availability depends on region).
- Wait for approval — most users receive confirmation within days.
Once approved, deposit any supported cryptocurrency into your funding wallet and start spending immediately using the provided card details.
💡 Pro Tip: Funds in your wallet may qualify for auto-earning interest, so your balance can grow even while you're spending.
Fees & Limits You Should Know
Before using the card regularly, understand the cost structure:
Transaction Fees
- Currency Conversion Fee: 1% (plus Mastercard’s foreign exchange rate markup)
- Crypto-to-Fiat Swap Fee: 0.9% (minimum $1)
- ATM Withdrawals: First $150/month free; then 2% per withdrawal
- Card Replacement: Free for virtual cards; $5 for physical ones
- Annual Fee: Currently $0
While not entirely free, these fees are competitive — especially compared to international credit card surcharges or crypto withdrawal fees.
Spending Limits
All users face fixed limits:
- Daily: $5,000
- Monthly: $50,000
- Annual: $250,000
(Lite accounts: €150 monthly)
These cannot be increased manually. However, for most users, this covers daily expenses comfortably — from groceries to travel bookings.
Is the Bybit Card Actually Useful?
✅ Pros
- Skip the withdrawal hassle: No need to convert crypto → bank → spend.
- High cashback for VIPs: Up to 10% effective return on everyday spending.
- Global usability: Works anywhere Mastercard/Visa is accepted.
- Auto-rewards & earning: Passive income while funds sit in wallet.
- Zero annual fees: Low barrier to entry.
❌ Cons
- Non-VIP users get minimal returns: After fees, lower-tier users may break even at best.
- Spending caps apply: Heavy spenders may hit monthly limits.
- Conversion fees add up: Especially for small, frequent transactions.
So who benefits most?
👉 The Bybit Card shines for active traders and high-tier VIPs who already hold significant balances on Bybit and want seamless spending with strong rewards.
For casual users or those outside VIP tiers, the value proposition is weaker — but still useful as a convenient spending tool.
Frequently Asked Questions (FAQ)
Can I spend USDT directly with the Bybit Card?
Yes. You can use USDT as your funding source. When you make a purchase, USDT is automatically converted to local fiat at checkout via Bybit’s internal exchange.
How long does it take to receive cashback?
Standard spending rewards are credited within 3 business days. VIP-exclusive rewards (like Netflix or ChatGPT) are issued on the last day of each month.
What happens if my Bybit Card is compromised?
Immediately go to your card dashboard and freeze the card. Contact Bybit support to report fraud. They’ll coordinate with the card issuer to halt transactions and assist with dispute resolution.
Can I withdraw cash from ATMs using the Bybit Card?
Yes. You can withdraw up to $150 per month for free. Beyond that, a 2% fee applies per transaction.
Does the Bybit Card support Apple Pay or Google Pay?
Yes. The virtual card can be linked to digital wallets like Apple Pay and Google Pay for contactless payments.
Is there a minimum balance requirement?
No official minimum, but each transaction requires at least $1 worth of crypto due to swap fees.
Final Verdict: Should You Get the Bybit Card?
If you're a regular Bybit user — especially at VIP Tier 3 or above — the Bybit Card offers excellent utility and rewards. It simplifies crypto spending, reduces friction in managing fiat conversions, and delivers some of the best cashback rates in the industry.
For non-VIPs or occasional users, it’s still a solid option for convenience — just don’t expect major returns.
Ultimately, if you’re looking to live off crypto without constant withdrawals, integrate rewards into daily life, and stay within platform limits — the Bybit Card is definitely worth considering.