In a significant enhancement to its crypto debit card offering, Bybit Card now allows cardholders to earn cashback in the form of USDC, a leading dollar-pegged stablecoin. This new option expands the existing rewards program, which already included popular cryptocurrencies like USDT, BTC, and partner token AVAX. The move is designed to provide users with greater flexibility and choice in how they earn rewards on their everyday spending.
Starting from April 18, 2025, eligible cardholders can select USDC as their default cashback option. New users who pass the verification process will immediately receive a virtual card compatible with Apple Pay and Google Pay. They can then easily set their preferred cashback method directly within the card's rewards management dashboard.
Unlocking Up to 10% Cashback in USDC
The cashback rate a user receives is directly tied to their Bybit VIP level. High-tier users can earn cashback of up to 10% on qualifying purchases, with potential rewards capped at a generous $150 per transaction for the highest tiers. This structure incentivizes both frequent spending and deeper engagement with the Bybit ecosystem.
Why USDC is a Game-Changer for Cashback
USDC (USD Coin) has established itself as one of the world's most trusted and widely adopted stablecoins. Its inclusion as a cashback option is a strategic decision that appeals to users seeking stability and utility in their crypto rewards. Its core advantages include:
- Price Stability: Each USDC token is backed 1:1 by fully reserved assets, including cash and short-duration U.S. Treasuries, ensuring its value remains pegged to the U.S. dollar.
- Global and Frictionless: USDC enables instant, cross-border transactions with minimal fees, making it an ideal digital dollar for a global user base.
- Accessibility and Utility: It operates 24/7, allowing users to transfer, spend, or save their funds at any time without the limitations of traditional banking hours.
A Closer Look at the Bybit Card
Joan Han, Head of Payments at Bybit, stated, "This expansion into USDC cashback is tailored for cardholders who prioritize stable value in their rewards. We are committed to building an inclusive experience for our diverse users and will continue to expand our reward offerings to drive the growth of the Bybit Card."
The card has seen massive adoption, with over 1.7 million cards issued globally. It serves as a comprehensive solution that allows users to top up with digital assets, spend seamlessly, and earn yields and rewards—all from a single product.
Key Features and Benefits
The Bybit Card is packed with features designed for the modern crypto user:
- Instant Virtual Card: Users receive a virtual card immediately upon approval for online and mobile wallet payments.
- Spend Crypto Anywhere: Convert crypto to fiat at the point of sale for spending. The physical card can also be used to withdraw cash at ATMs worldwide within the Mastercard network.
- Zero Fees and High Earnings: No annual fee, with the potential to earn up to 8% Annual Percentage Yield (APY) on holdings and up to 10% cashback on spending.
- Exclusive Perks: Cardholders enjoy year-round benefits, including 100% cashback at select partners like Netflix and ChatGPT, airport lounge access, and early-bird access to major events.
- Multi-Asset Support: The card supports a wide range of cryptocurrencies for topping up, including USDC, USDT, Bitcoin (BTC), Ethereum (ETH), and Avalanche (AVAX).
👉 Explore the full range of card benefits and perks
Frequently Asked Questions
What is the Bybit Card?
The Bybit Card is a crypto-powered debit card that allows you to spend your cryptocurrency holdings anywhere Mastercard is accepted. It automatically converts your crypto to fiat currency at the moment of purchase.
How do I start earning USDC cashback?
Simply apply for the card, get approved, and then navigate to the "Card Rewards" section in your Bybit account to set USDC as your default cashback option. You will then earn USDC on all eligible purchases.
Are there any fees associated with the card?
The Bybit Card has no annual fee. However, standard ATM withdrawal fees may apply depending on the operator, and currency conversion fees are standard for international transactions.
Which currencies can I use to top up my card?
You can fund your card using a variety of major cryptocurrencies, including USDC, USDT, Bitcoin, Ethereum, and others. This provides great flexibility without needing to hold traditional fiat currencies.
Is the USDC cashback available worldwide?
The availability of the card and specific cashback rewards can vary by region. It's best to check the official Bybit website for the most current information regarding supported countries and regional reward structures.
Can I use the virtual card before my physical card arrives?
Yes, upon approval, you will instantly receive a virtual card that can be added to mobile wallets like Apple Pay and Google Pay, allowing you to start making purchases online and in-store right away.