Updated October 17, 2026 · DebitCue Editorial Team
Nexo vs Upgrade OneCard™
Nexo
Upgrade OneCard™
Higher score in this comparison
What sets them apart
| Compare | NexoReviewVisitVisit | Upgrade OneCard™ReviewVisitVisit |
|---|---|---|
| Monthly fee | €0 | $0 |
| Currency conversion fee | 0.2% to 2.5%Lower | 3% |
| Free ATM withdrawals | €200 to €2,000 | $0 |
| Cashback rate | 0.1% to 2% | 2% |
| Card network | Mastercard | Visa |
| Currencies | 100 | Not confirmed |
| Custody | Custodial | Not confirmed |
Same on both: Card type (Debit).
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Key differences
- Upgrade OneCard™ scores higher overall: 9.1 vs 8.9.
- Nexo is licensed in 5 more countries.
- Nexo is available in 35 more countries.
- Currency conversion fee is lower at Nexo: 0.2% to 2.5% vs 3%.
- Support channels: only Nexo offers Chat.
- Support channels: only Upgrade OneCard™ offers Phone.
- Features: only Nexo offers Multi currency, Crypto, Virtual card.
- Features: only Upgrade OneCard™ offers Rewards.
Our verdict on each
Nexo
Nexo suits people who hold crypto and want a card that costs nothing to keep and pays cashback in tokens. The monthly fee is €0, the cashback is paid in crypto rather than cash, and the conversion fee of 0.2% to 2.5% is the trade-off to weigh.
Upgrade OneCard™
The stated criteria include being at least 18, living in a state where OneCard is offered, and meeting credit approval requirements, including sufficient income for repayments.
Score breakdown
| Area | Nexo | Upgrade OneCard™ |
|---|---|---|
| Cost | 9.2HigherFree monthly and annual fees sit against a currency conversion fee of 0.2% to 2.5%, so spending abroad costs more. | 8.8Annual fee of $0 on the credit card, a currency conversion charge of 3% on the debit card and free ATM withdrawals of $0. |
| Offer | 9.3 | 9.5Higher |
| Trust | 8.4 | Not confirmed |
Licences and countries
| Country | Nexo | Upgrade OneCard™ |
|---|---|---|
| United States | NMLS 1548935 | |
| Argentina | Not confirmed | |
| Australia | AUSTRAC (Australia) DCE100843695-001 | Not confirmed |
| Hong Kong | Companies Registry (Hong Kong) TC007556 | Not confirmed |
| Poland | Ministry of Finance (Poland) RDWW-533 | Not confirmed |
| Seychelles | Not confirmed |
Available in 1 country for both. Additional countries for Nexo: 35.
If neither fits
eToro has currency conversion fee at 0%, against 0.2% to 2.5% for Nexo and 3% for Upgrade OneCard™.
eToro reviewHow they place
| Ranking | Nexo | Upgrade OneCard™ |
|---|---|---|
| Debit cards | 11 of 1336 | 29 of 1336 |
| Credit cards | 10 of 1020 | 26 of 1020 |
| Cashback cards | 2 of 203 | 8 of 203 |
Every fact side by side
| Fact | Nexo | Upgrade OneCard™ |
|---|---|---|
| Features | Multi currency, Crypto, Virtual card, Custodial, Travel | Rewards |
| Audience | Business | Not confirmed |
| Legal entity | DiPocket UAB | Upgrade, Inc. |
| Headquarters | Not confirmed | United States |
| Founded | 2018 | Not confirmed |
| Support channels | Chat, Email, Help centre | Email, Phone, Help centre |
Credit cards
| Fact | Nexo | Upgrade OneCard™ |
|---|---|---|
| Annual fee | €0 | $0 |
| APR | from 1.9% | Not confirmed |
| Rewards type | Cashback | Cashback |
| Pricing model | No annual fee | No annual fee |
| Rewards rate | Up to 2% crypto cashback in NEXO Tokens, or 0.5% in BTC at Platinum tier, on purchases in Credit Mode | 3% cash back on gas, groceries, streaming and monthly subscriptions, and utilities; 1% on everything else, uncapped |
| Perks | Free ATM withdrawals up to EUR 2,000 / GBP 1,800 per month at Platinum tier, then 2% fee (min EUR/GBP 1.99), Apple Pay and Google Pay supported, Interest earned on unspent funds (Nexo Loyalty Program, up to 13% per year), Accepted at over 100 million merchants globally, Virtual card activated instantly with 50 USD balance; free shipping for physical card above 5,000 USD balance at Gold tier or higher, No monthly, annual or inactivity card fees | Visa Zero Liability protection, Travel and Emergency Assistance Services, Roadside Dispatch, Upgrade Shopping offers, Rewards do not expire, 24/7 fraud monitoring and real time alerts, Flexible payment options Pay Now, Pay in 4, Pay Over Time (coming soon) |
| Cashback rate | 0.5% to 2% | Not confirmed |
| Card kind | Credit | Credit |
Where each stands against the rest
| Fact | Nexo | Upgrade OneCard™ | Median |
|---|---|---|---|
| Currency conversion fee | 0.2% to 2.5%below the median | 3%highest quarter | 1 |
| Cashback rate | 0.1% to 2%at the median | 2%at the median | 2 |
| Currencies | 100highest quarter | Not confirmed | 8 |
Median across 387 listed cards.
Pros and cons
Nexo
Pros
- Free to keep: the monthly fee is €0 and the annual fee is €0.
- Cashback of 0.5% to 2% paid in NEXO Tokens, or in BTC at the Platinum tier.
- Free ATM withdrawals of €200 to €2,000 each month at the Platinum tier.
Cons
- Currency conversion costs 0.2% to 2.5%, above the site median of 1%.
- Support runs on chat, email and help centre only, with no phone line.
- Custody sits with the provider: the account is custodial, not self-custody.
Upgrade OneCard™
Pros
- The stated criteria include being at least 18, living in a state where OneCard is offered, and meeting credit approval requirements, including sufficient income for repayments.
- These are eligibility conditions, not an approval guarantee.
Cons
- Its extras are basic, so travel focused spenders may want more
- A flat approach means heavy spenders in specific categories may find less variety than expected
Who each suits
Nexo
Who it suits
- Crypto holders who want everyday spending to pay part of the cost back in tokens.
- Business users, the audience Nexo lists, who pay across several of the 100 supported currencies.
- Travellers who keep their cash withdrawals inside €200 to €2,000 each month.
Who should look elsewhere
- Wise, for anyone who wants a multi-currency account without crypto cashback or interest on unspent funds.
- Varo Believe Secured Credit Card, for a secured credit card rather than a crypto-linked card, at a monthly fee of $0.
- Chime Card (Secured Visa Credit Card), for building credit on a secured card, at a monthly fee of $0.
Upgrade OneCard™
Who it suits
- US applicants checking Upgrade OneCard requirements
Who should look elsewhere
- People who want a card with a broad set of travel extras
- Anyone who enjoys managing several spending categories
Country by country
| Country | Nexo | Upgrade OneCard™ |
|---|---|---|
| Argentina | Yes | No |
| Australia | Yes | No |
| Austria | Yes | No |
| Belgium | Yes | No |
| Bulgaria | Yes | No |
| Croatia | Yes | No |
| Cyprus | Yes | No |
| Czechia | Yes | No |
8 of 36 countries where either is available.
Questions about each
Nexo
What does it cost to keep the Nexo card?+
The monthly fee is €0 and the annual fee is €0, and Nexo states there are no monthly, annual or inactivity card fees. The account is aimed at business users, so holding the card adds no fixed running cost to a budget.
What is the currency conversion fee?+
Conversion costs 0.2% to 2.5%, which sits above the site median of 1%. Spending in a currency other than your balance currency is the main cost to plan for, and free ATM withdrawals only run to €200 to €2,000 a month at the Platinum tier.
Upgrade OneCard™
What kinds of products does the card combine?+
The card combines a credit card, a debit card and a personal loan in one product. Holders can handle everyday purchases and borrowing through the same arrangement. That approach appeals to people who want fewer separate products to manage. The structure is the main feature that distinguishes this card from a plain single purpose option.
Who is the card most relevant for?+
The card is most relevant for people who want a simple, flat approach to everyday purchases. It works well for those who prefer not to track several spending categories. Frequent travellers who want a wide set of travel extras may find the offer less relevant. Choosing it depends on whether ease of use matters more than specialised extras.