Review
What it is
Phemex Card is a virtual crypto card. It is a debit card. It is issued by Immersve. Payments run on the Mastercard network. The card currency is USD.
Funding and spending
The company holds your balance, and the card spends from it. It is funded with crypto. You can top it up by crypto. It can be funded with 2 assets: USDC and USDT.
Fees
It has no card issuance fee. It has no annual fee. It has no monthly fee. Some of these fees have conditions, which are listed in the fees table on this page. We have not verified the foreign currency fee, crypto conversion spread, top-up fee and ATM withdrawal fee yet.
Limits and rewards
The issuer says you cannot withdraw cash at ATMs. Daily spending limit: USD 5,000. Monthly spending limit: USD 30,000. Maximum per payment: USD 5,000. It pays 0.25% to 1% back on card spend, depending on tier. It works with Apple Pay and Google Pay.
Signing up
You can apply in 30 countries. You cannot apply in India. Where the issuer states who can apply, you need to be a resident of the country.
How we check
We last checked this card on 15 Oct 2026, against 6 official issuer pages. The tables below show the source and the check date of every value we have verified. Facts not listed here are unknown so far.
Tiers compared
| Fee or limit | Standard | VIP |
|---|---|---|
| Back on card spend | 0.25% | 1% |
Fees, limits and the reward rate for each tier. A cell that says Not verified has no checked figure yet.
Pros and cons of Phemex Card
Pros
- No annual or monthly fee
- No card issuance fee
- 0.25% back, up to 1% on higher tiers
- Works with Apple Pay and Google Pay
Cons
- Only available in the EEA
- Custodial: the issuer holds your funds
- 4 of 12 key facts are not verified yet
Who it suits
- People who live in the EEA, the only region where the card is available
Built only from facts we have verified. Anything we have not verified is left out.
Fees
Amounts in the card currency, as the issuer publishes them?
?
Limits
Rewards
Top-up assets and networks
Access and funding
Where it's available
Applying for the card and using it are tracked separately.
Virtual card only: nothing is shipped.
Rules the issuer states
No country matches your search.
No information for 5 countries yet
Frequently asked questions about Phemex Card
Who issues Phemex Card?
Phemex Card is issued by Immersve. Payments run on the Mastercard network.
Is Phemex Card a virtual or a physical card?
Phemex Card is a virtual card only.
Can I withdraw cash from an ATM with Phemex Card?
No. The issuer says you cannot withdraw cash at ATMs.
How do I top up Phemex Card?
You can top it up by crypto.
Does Phemex Card work with Apple Pay and Google Pay?
It works with Apple Pay and Google Pay.
Which crypto can I use with Phemex Card?
It can be funded with 2 assets: USDC and USDT.
Does Phemex Card have an annual fee?
No. Phemex Card has no annual fee.
Does Phemex Card pay cashback?
Yes. It pays 0.25% to 1% back on card spend, depending on tier.
What are the spending and ATM limits of Phemex Card?
Daily spending limit: USD 5,000. Monthly spending limit: USD 30,000. Maximum per payment: USD 5,000.
In which countries can I apply for Phemex Card?
You can apply in 30 countries. You cannot apply in India.
Sources
- Fees pagePhemex card fees limitsphemex.comChecked 15 Oct 2026
- Supported countriesHow to apply for phemex cardphemex.comChecked 15 Oct 2026
- Cardholder termsPhemex cardholder terms conditionsphemex.comChecked 15 Oct 2026
- Other official pageCardsphemex.comChecked 15 Oct 2026
- Rewards termsHow does phemex card cashback workphemex.comChecked 15 Oct 2026
- Other official pagePhemex card features overviewphemex.com
- Other official pageHow to make payments with phemex cardphemex.comChecked 15 Oct 2026