Global cryptocurrency exchange Bybit has announced that its cardholders can now earn cashback rewards in two major dollar-pegged stablecoins. In addition to existing rewards like USDT, BTC, and partner token AVAX, Bybit Card has introduced USDC as a cashback option, giving users more flexibility in how they earn cryptocurrency from everyday spending.
Starting April 18, Bybit Card users can choose to receive their cashback earnings in USDC. New users who are approved will instantly receive a virtual card compatible with Apple Pay and Google Pay. They can then set their preferred cashback option directly from the card rewards section within their account.
High-Value Rewards and User Benefits
Depending on the cardholder’s VIP level, eligible spending can earn up to 10% or $150 in cashback.
USDC has become one of the most trusted stablecoins in the digital finance space. Its widespread adoption is driven by several core benefits:
- Stability: Fully backed by cash and cash-equivalent assets, USDC is always redeemable 1:1 for US dollars.
- Borderless Usage: Enables fast cross-border transfers with minimal fees.
- Accessibility: Available 24/7 for transfers, payments, and savings.
A representative from Bybit’s payments division commented: “Adding USDC as a cashback option allows us to serve users who value consistency and reliability. We are committed to expanding reward opportunities and improving the overall experience for Bybit Cardholders.”
To date, more than 1.7 million Bybit Cards have been issued worldwide. The card offers an all-in-one solution for spending digital assets, earning yields, and collecting rewards—all through a single account.
Key Features of Bybit Card
- Instant Virtual Card: Users receive a virtual card immediately upon approval, compatible with Apple Pay and Google Pay.
- Spend Crypto Easily: Supports everyday spending using cryptocurrencies and allows cash withdrawals at ATMs within the Mastercard network.
- No Annual Fee: $0 yearly card fee with potential for up to 8% annual yield and 10% cashback.
- Exclusive Year-Round Perks: Includes special benefits such as 100% cashback at selected partners including Netflix and ChatGPT, airport lounge access, and early-bird tickets for major events like Tomorrowland Brasil 2025.
- Multi-Asset Support: Supports top cryptocurrencies including USDC, USDT, Bitcoin, Ethereum, and AVAX.
All rewards and benefits are subject to terms and conditions. Users are encouraged to review eligibility requirements and region-specific offers.
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Frequently Asked Questions
What is the Bybit Card?
The Bybit Card is a crypto-powered debit card that allows users to spend their digital assets anywhere Mastercard is accepted. It supports multiple cryptocurrencies and offers cashback, yield opportunities, and exclusive perks.
How do I set USDC as my cashback reward?
After being approved for the card, log into your Bybit account, navigate to the card rewards section, and select USDC as your default cashback option.
Is there an annual fee for the Bybit Card?
No, the Bybit Card has zero annual fees, making it a cost-effective option for regular users.
Can I use the virtual card before receiving the physical card?
Yes, approved users receive a virtual card instantly, which can be added to mobile wallets like Apple Pay or Google Pay for immediate use.
Which cryptocurrencies are supported for funding the card?
You can fund your card using USDC, USDT, Bitcoin, Ethereum, AVAX, and several other popular digital assets.
Are there limits on cashback earnings?
Yes, cashback percentages and maximum rewards vary based on the user’s VIP level and ongoing promotional terms.