A card that spends the crypto sitting in your exchange account sounds like it removes a step, and it does: the one where you sell, wait for a bank transfer and then pay. What I want to know is whether the fee for skipping that step comes out smaller than the cashback.
How the Bybit Card turns crypto into a card payment
The Bybit Card spends the balance in your Bybit account, and the merchant sees a normal card transaction. A shop never receives USDT or Bitcoin, and the payment travels over a card network in the card's base currency. When you pay, Bybit sells the amount you need, converts it into that base currency and sends the payment on.
The path runs from USDT through conversion into dollars, then the payment network, then the merchant. You do not have to sell crypto before every coffee, which is the point of the product and also where its costs sit.
The funds stay on Bybit, in your funding account or in a flexible Easy Earn balance that some card programs let you spend from, and the exchange sells them when you pay. That makes the card custodial: you rely on Bybit to hold the coins and run the sale, where a card that debits a wallet you control leaves the keys, and the risk of losing them, with you.
Easy Earn decides how much of your balance keeps working. Money in a flexible product can earn until it is spent, which beats leaving it idle. At the time of recording, Bybit listed auto-earn rates of 6.24% on USDT, 3.96% on USDC, 0.40% on BTC and 0.86% on ETH. The yield floats, and an increased rate may apply only to a limited amount of the balance, so I would not treat those figures as interest on everything you hold.
Virtual card, physical card and country limits
Bybit offers the card in two formats. The virtual version covers online shopping and subscriptions, and it can be added to a supported digital wallet so you can tap a phone at the till. The physical card works at ordinary terminals and lets you withdraw cash from ATMs. Availability of the card, of the physical version and of wallet support depends on your country, so open the official Bybit Card section and check your region first.
Wallet support is narrower than people assume. Google Pay and Samsung Pay are listed for cards issued in Georgia and Kazakhstan, and Apple Pay is not listed for those programs. A review written for another country can leave you with the wrong idea, so check your own program.
The creator's warning is blunt: do not borrow someone else's number, change your country or try to get around identity verification. Financial services tend not to reward that kind of creativity, and an account built on invented details is a poor place to keep your money.
Pay With: choosing which assets get spent
The Pay With setting decides which assets the card may spend and in what order. You can put USDT first, USDC second and remove Bitcoin from the list entirely. The creator's advice is to spend stablecoins day to day and keep anything you plan to hold for years out of the payment list: "Because accidentally paying for a pizza with Bitcoin that you intended to hold for 5 years is a rather unpleasant way to go down in history."
Fiat already sitting in the balance can be taken first. If a canceled purchase returns dollars to your account, those dollars may be spent before any crypto is converted, and conversion kicks in only when the balance in the card's base currency runs short. I would look at the order again after a refund or a deposit, because a returned balance can change which asset gets spent next.
Bybit Card fees and currency conversion
Two charges sit between your crypto and the merchant, and both come out of your balance.
The first is a crypto conversion fee. For programs including Georgia and Kazakhstan, the terms at the time of recording specify 0.9% on top of the one-click sell rate. The rate you see when you sell in the app is not the rate your card purchase gets.
The second is a currency fee. If your card is denominated in dollars and you pay in euros, lari or tenge, a conversion applies, and for both the Georgian and Kazakhstani programs the fee is 2%. For the Kazakhstani card, the same 2% may also apply to cross-border purchases made in US dollars, so a dollar card is not automatically free to use abroad.
The table below sets out the charges.
| Charge | When it applies | Rate |
|---|---|---|
| Crypto conversion | Selling crypto to fund a purchase, on programs including Georgia and Kazakhstan | 0.9% |
| Currency conversion | Paying in a currency other than the card's base currency, for the Georgian and Kazakhstani programs | 2% |
| Cross-border, Kazakhstan | Purchases in US dollars made abroad | 2% |
The creator's formula is short: "Therefore, the real benefit is calculated very simply: cashback minus conversion, minus the currency fee."
A euro purchase shows how it works. The 0.9% conversion charge plus the 2% currency charge comes to 2.9% in costs against 2% cashback at the base tier, which leaves you about 0.9% down on the transaction. On a purchase in the card's own base currency, only the 0.9% conversion applies, and 2% back leaves a thin margin. I would run that sum on your own typical spending before the first payment, because on ordinary purchases the margin is the only place the card saves money.
Travel adds a decision at the terminal. When a card machine offers to charge you in the local currency or in dollars, the creator says to pick the local currency. Choosing dollars lets the terminal apply its own dynamic conversion, and the rate it uses can be worse than the bill you are trying to avoid.
Cashback tiers and the monthly cap
Under the current program the base level pays 2%, and the creator says higher levels can reach up to 10%. The percentage is the part that gets advertised. The monthly cap decides what you collect.
At the base level, the maximum cashback is about $5 a month. Higher levels raise the ceiling, and reaching them takes spending requirements or the right VIP status.
| Tier | Rate shown | Monthly cap shown |
|---|---|---|
| Base | 2% | $5 |
| Beta | 2% | $13 or $50 |
| Alpha | 4% | $150 |
A high rate on a small cap and a low rate on a larger cap can pay similar amounts, so the two figures only mean something together, and I would look at the cap first. The Alpha tier is listed at 4%, below the 10% ceiling the creator mentions, so confirm the rate and the cap for your own country in the Rewards section.
The 100% subscription cashback and its conditions
Users who reach the second level of the program can get up to 100% cashback on specific digital services. The list includes ChatGPT Plus, Claude Pro, Netflix, Spotify and TradingView, and Amazon Prime also appears on it. The headline rate comes with conditions that decide whether you see any of it.
The refund is capped by your monthly limit, so it is not an endless supply of free subscriptions. You have to buy on the service's own website and pay directly with the Bybit Card, and payments routed through the App Store, Google Play or another intermediary may not count. The reward arrives as points and sits pending for a short period before you can use it.
The order of your payments matters. If your cap allows $50 of refunds in a month, the creator suggests paying the subscriptions first at the increased rate and using what is left for ordinary purchases. Before you pay, open the Rewards section and check your tier, your remaining limit and whether the service is on the current list.
The value depends on spending you already have. If you pay for ChatGPT and TradingView every month anyway, a refund on those bills is real money back, and I would count only subscriptions I would buy without the card. If you would be subscribing to fill the cap, you are buying subscriptions and calling it cashback. The conversion fee still comes out of your balance when you pay, so the refund is not quite the full amount you spent.
Applying, freezing and refunds
Applying happens inside the Bybit app.
- Open the Bybit app and go to the Card section.
- Tap Apply Now.
- Select your actual country of residence.
- Complete the identity verification.
Once you are approved, the virtual card appears in the Card section, where you can see the available balance, limits, transaction history, cashback and security settings. If the card or your phone goes missing, you can freeze the card temporarily from there.
Refunds follow card logic rather than crypto logic. A payment can sit in an authorization stage, where the money is blocked but not finally taken, and if the merchant cancels, the amount returns to your available balance. A standard refund usually lands in your funding account in the card's base currency, not back as USDT, and points earned on the purchase may be deducted. The creator compares buying something to collect the cashback and then returning it to trading without a stop-loss: it looks clever right up to the moment it doesn't.
If you arrive through a referral link, the terms are 20 USDT for the person whose link it is and a separate 10 USDT for the new user, not 30 USDT for the newcomer. The new user has to register through the link, order a virtual card and spend at least 100 USDT within 30 days, and fees, transfers and certain excluded categories do not count toward that amount. The reward depends on spending, not on signing up.
Cash withdrawals, hotel holds and tax
The physical card works in ATMs, and a withdrawal can meet a Bybit fee, an ATM operator fee and a currency conversion charge at the same time. The creator treats cash as a backup feature rather than the main way to use the card, and I would do the same.
Hotels and car rental companies sometimes restrict prepaid cards and place deposit holds against them, so carry a second bank card on a trip.
The balance sits with Bybit, so an outage, a restriction on your account or a problem at the exchange affects your spending money along with your trading funds. Spending has a tax side the card statement does not show. In many countries, paying with crypto counts as a disposal: you are treated as selling the coin at the moment of payment, and any gain since you bought it can be taxable. That applies to a coffee as much as to a laptop, and the cost basis is yours to track, so keep your own record of what you spent and at what price.
Who the card suits, and what to check first
The creator's answer is narrow. If your income arrives in regular currency, your money already sits in a bank and you barely touch crypto, there is little point in buying USDT just to pay for coffee. If you already trade on Bybit, keep part of your funds there, pay for digital services every month and want a shorter path from a coin balance to a purchase, the card becomes more interesting, especially when your tier refunds subscriptions you already use.
Before you apply, work through the things that change the answer for your country:
- Whether the card, the physical version and wallet support exist where you live.
- The conversion fee and the currency fee for your specific program.
- Your tier, its rate and its monthly cap.
- Whether the subscriptions you pay for are on the current list, and whether you can pay them on the official website.
- Your Pay With order, with long-term holdings taken out.
- ATM charges, if you plan to withdraw cash.
- Your tax records for crypto spending.
The figure that matters is your own all-in cost per purchase: conversion plus currency fee against the cashback you actually collect inside the cap. When the two are close, you are paying for convenience, which is a fair reason to use a card, though it is a different thing from earning money on your spending.
The creator's closing point is that the old chain of selling, transferring and waiting collapses into one tap, and that in a few years the bank transfer may be the part that looks strange. I would keep one condition attached: the tap stays cheap only while the fees stay below the rewards, and Bybit sets both. Check the fee schedule and the Rewards page for your country before your first payment, and again whenever the program terms change.
