How to Apply for a Bybit Card and Get Its Benefits

The Bybit Card is a Mastercard-based debit card issued by Bybit, a global crypto exchange. You can pay with the Bitcoin, Ethereum, or stablecoins such as USDT that you hold.

Its key feature is that you can pay directly with your assets without any separate currency exchange or top-up. You can also use it not only for online shopping but also at a wide range of offline stores, and it supports ATM withdrawals and Apple Pay.

How do you get a Bybit Card?

To apply for a Bybit Card, you first need a Bybit account. If you don't have one yet, please complete a new sign-up through the link below.

💳 Sign up for Bybit

Next, go to the Bybit Card page to apply for the card. At this point, you can choose between a virtual card and a physical card. The virtual card is issued right away and can be used immediately, while the physical card may take about 1 to 3 weeks to be delivered.

Residents of Korea may face restrictions on using the Bybit Card. This is to comply with regulatory requirements, so please refer to Bybit's announcements and the relevant regulations for more details.

What are the benefits of the Bybit Card?

The Bybit Card offers a variety of cashback and reward point benefits. Here are the main benefits you get when you hold and pay with a Bybit Card.

1. Up to 10% cashback

Bybit Card users can receive up to 10% cashback depending on their VIP level. The cashback limit for regular users is 2%, while Supreme VIP users get up to 10% cashback.

2. Earning and redeeming reward points

You earn reward points when you pay with the Bybit Card. The rewards you collect can be converted into USDT or Bitcoin, or exchanged for a variety of gift items.

3. Subscription service rebates

If you pay for subscription services such as Netflix, ChatGPT, Spotify, and TradingView with the Bybit Card, you can get rebates of up to KRW 80,000. However, this benefit only applies to some users at VIP1 level or higher.

4. Automatic earning feature

Assets linked to your Bybit Card are automatically deposited into an Auto Savings product. This lets you earn interest of up to 8% per year on assets you hold but aren't using.

What are the Bybit Card limits?

The Bybit Card's daily spending limit is 5,000 USD. The monthly spending limit is 25,000 USD, and the ATM withdrawal limit is 500 USD per day. Note that ATM withdrawals may incur an additional fee of around 2%.

How much are the Bybit Card fees?

The Bybit Card charges a 1% foreign transaction fee and a 0.9% crypto conversion fee. In other words, a total fee of 1.9% is charged on every payment.

However, if you apply the 2% cashback the Bybit Card currently offers, the final fee becomes -0.1%. So when you pay with Bybit, taking both the exchange rate and cashback into account, the final cost can be free or even a slight gain. There is a monthly limit on this, though, so it's a good idea to know where that cap lies.

Wrapping up

That covers what the Bybit Card is, how to get one, and its various benefits. If you have an account on the Bybit exchange and hold assets there, you can put the Bybit Card to use in many ways, such as getting discounts on overseas payments or receiving rebates on subscriptions like Netflix and ChatGPT.

However, it is currently not easy to get the card issued in Korea, and the fees are on the higher side, so it's best to check each benefit's conditions and rebate limits carefully before using it.