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Nexo adds “Dual Mode” credit and debit capabilities to the Nexo Card

Published date:

February 2, 2026

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As stated by Nexo's official blog post, “With the Nexo Card, you can experience two modes in one sleek package. Just toggle between Credit and Debit Mode at any time and spend your way.”

Crypto lender Nexo has introduced Dual Mode functionality to the Nexo Card, giving clients the flexibility to switch between credit and debit modes at will.

The future of #crypto payments is here.

Introducing the world-first Dual Mode of our pioneering Nexo @Mastercard, featuring both credit and debit capabilities.

Experience the ease of debit coupled with the power of credit, earn rewards, and spend your way. pic.twitter.com/FuHNUrSRNO
— Nexo (@Nexo) August 31, 2023

The credit mode on the Nexo Card allows users to fund their purchases using fiat loans, with their crypto assets acting as collateral. The credit lines for these loans start at 0% APR, and clients have the option to repay the loan at any time without worrying about minimum monthly repayments.

Meanwhile, clients can use the debit mode on their Nexo Card to settle transactions with over 100M merchants using their GBP, EUR, or USD holdings. The debit mode also offers the added advantage of accumulating up to 9% interest on users’ spending balance.

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Unfortunately, the Nexo Card is only available to residents of the European Economic Area (EEA). Moreover, users who wish to apply for the Nexo Card will need to submit their identity verification details in addition to maintaining a minimum portfolio balance of $50.

Written by

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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