From August 31, 2026, MEXC's card lineup has three Visa cards, not two: two issued by MEXC and one co-branded card issued through ether.fi. The MEXC Global Card and the MEXC Card (APAC) are custodialFrom August 31, 2026, MEXC's card lineup has three Visa cards, not two: two issued by MEXC and one co-branded card issued through ether.fi. The MEXC Global Card and the MEXC Card (APAC) are custodial
MEXC Global Card vs MEXC Card (APAC) vs MEXC Ether.Fi Card: Which Crypto Visa Card Is Right for You?
From August 31, 2026, MEXC's card lineup has three Visa cards, not two: two issued by MEXC and one co-branded card issued through ether.fi.
The MEXC Global Card and the MEXC Card (APAC) are custodial cards that spend USDT held on MEXC, while the MEXC × ether.fi Credit Card is a non-custodial card that lets you spend against crypto you still own.
The two MEXC cards share a rewards program but not a fee structure, and the ether.fi card shares neither — they differ on where you can get them, what a purchase actually costs, and what happens to your assets when you tap.
This guide compares all three on the things that change your outcome, and it starts with the question most comparisons skip — which of them can you actually apply for.
Key Takeaways
- MEXC's lineup has three Visa cards: the Global Card and the MEXC Card (APAC), both issued by MEXC, and the MEXC × ether.fi Credit Card, issued through ether.fi.
- Both MEXC cards pay 4%–10% cashback by VVIP tier, capped at 100, 300, or 800 USDT a month.
- MEXC lists the ether.fi card at up to 4%, and ether.fi's own ladder starts at 3% and steps down.
- After the 0% launch promotion ends on September 30, 2026, a home-currency purchase costs the same 1% on either MEXC card — only cross-border separates them.
- Borrow Mode charges variable interest from the moment you borrow, and collateral can be liquidated.
- Where you live decides which of the three you can apply for.
Which MEXC Cards Does This Comparison Cover?
The MEXC Global Card is MEXC's second Visa card, launched on August 31, 2026. It sits alongside the original MEXC Card, which remains available in selected Asia-Pacific markets, and the MEXC × ether.fi co-branded card.
The Global Card is not a new version of the APAC card and does not replace it — both are live, and MEXC's own fee and limit documentation describes them as two separate products with different fee structures and spending limits.
The two MEXC cards run the same rewards engine: the same 4%–10% cashback tiers, the same 20 USDT and 10 USDT referral rewards, and access to the MEXC Card exclusive Earn product paying 7% APR.
What separates them is where you can apply, how a purchase is charged, how much you can spend, and which mobile wallets accept the card.
If you are new to this category, our guide to what a crypto card is and how it works covers the mechanics that all three cards share.
Step One: Which Cards Can You Actually Get?
Most crypto card comparisons lead with cashback rates, which is the wrong order.
A 10% rate on a card you cannot apply for is worth nothing, and availability is the one variable that eliminates options outright rather than merely making them worse.
Each card runs its own regional list, and the three lists overlap far less than the shared branding suggests.
Card | Where it is offered | Source |
MEXC Global Card | Multiple countries and regions outside MEXC's application blacklist, including the Philippines, Taiwan, and Vietnam | |
MEXC Card (APAC) | Taiwan, the Philippines, Thailand, and Vietnam | |
MEXC × ether.fi Credit Card | Around 70 listed markets across Europe, the Americas, Asia, and Oceania, including the UK, Germany, France, Canada, Brazil, Mexico, Australia, Singapore, South Korea, Hong Kong, Taiwan, Thailand, Malaysia, and the UAE |
Regional lists change as card programs expand, so the reliable move is to open the MEXC Card page while logged in — it shows the cards available to your verified identity rather than a general list.
One rule applies across all three: MEXC states that each verified identity may generally apply for only one card, so holding more than one card means holding different products, not duplicates of the same one.
MEXC Card vs. ether.fi Card: Card Type, Custody and Structure
MEXC Global Card — Custodial Visa Platinum Virtual Card
The MEXC Global Card is a Visa Platinum virtual card issued through your MEXC account.
It carries its own card balance, which you fund from your Fiat account by opening the My MEXC Card page and using the top-up option, and purchases draw down that card balance rather than your general account holdings.
You can add the card to both Apple Pay and Google Pay by entering the card details manually in your mobile wallet, which makes it usable at contactless terminals as well as online.
There is no separate wallet to set up and no seed phrase to manage, because MEXC holds the assets — the trade-off every custodial card makes.
MEXC Card (APAC) — Custodial Visa Platinum, Spends Your Fiat Account Directly
The MEXC Card (APAC) is also a Visa Platinum virtual card, but it works differently at the funding layer.
It draws on the balance in your MEXC Fiat account directly at the point of sale, so there is no card balance to top up and no transfer step between deciding to spend and spending.
You keep the account funded by moving USDT from your Spot account, buying through Quick Buy or P2P, or transferring in from an external wallet.
The practical limitation is wallet support: the MEXC Card page shows a Google Pay badge for the APAC card, while the Global Card's own guide covers adding the card to both Apple Pay and Google Pay.
MEXC × ether.fi Credit Card — Non-Custodial Visa Signature
The MEXC × ether.fi Credit Card is a Visa Signature card built on ether.fi's non-custodial infrastructure, and your assets stay in an ether.fi vault you control.
It offers two spending modes: Direct Pay draws down eligible vault assets — ether.fi's help center specifies USDC first, then LiquidUSD — while Borrow Mode lets you spend against your wider vault holdings without selling them.
Both Apple Pay and Google Pay are supported, and the card works anywhere Visa is accepted.
Applying means running two onboarding processes rather than one, because the card requires an ether.fi membership account in addition to your MEXC account.
Cashback Compared: Where the Headline Rates Break Down
MEXC Cards — 4% to 10% by VVIP Tier, With Monthly Caps
Both MEXC cards use the same three-tier cashback structure, paid in USDT and driven by your M-Score under the MEXC VVIP program.
Tier | M-Score | Cashback rate | Monthly cashback cap |
Standard | 350–599 | 4% | 100 USDT |
Premier | 600–799 | 6% | 300 USDT |
Elite | 800+ | 10% | 800 USDT |
The cap is the number that matters more than the rate, because 10% on an 800 USDT monthly ceiling means the Elite tier stops rewarding you after 8,000 USDT of monthly spending.
Your rate for a given month is set by your VVIP tier on the last calendar day of that month, and cashback is calculated monthly and paid to your Spot account by the 15th of the following month, as set out in the MEXC Card rewards FAQ.
Refunded or reversed transactions do not count toward the qualifying spend, and any cashback already paid on them is deducted.
MEXC × ether.fi Card — Up to 4%, on a Rate That Steps Down
MEXC describes the co-branded card as offering up to 4% cashback, which is an upgraded rate compared with the standard ether.fi card rather than a flat rate that applies to every purchase.
Underneath sits ether.fi's own ladder, and its cashback documentation is explicit that rates vary by membership level and by how much you have already spent that month, ranging from 3% down to 0.5% per transaction.
On the free Core membership, the first 2,000 USD of monthly spending earns 3%, the next 1,000 USD earns 1%, and everything above 3,000 USD earns 0.5%.
Higher memberships do not raise the top rate so much as extend how long it lasts — ether.fi's membership comparison shows Luxe holding 3% up to 10,000 USD and Pinnacle up to 50,000 USD, with 4% appearing only at the VIP level, which ether.fi lists as requiring 500,000 USD held in its Liquid product or 500,000 ETHFI staked.
What Neither Rate Covers
Both programs exclude whole categories of spending, and neither headline rate tells you which ones.
MEXC publishes a list of merchant categories that earn no cashback, covering crypto purchases, wallet funding, money transfers, gift cards and stored-value reloads, gambling, tax payments, and charitable donations.
ether.fi maintains its own exclusions on similar ground, adding ATM withdrawals, peer-to-peer payments, and currency exchange services to the list.
The pattern is the same on both cards: transactions that move money rather than buy something earn nothing, which is why a headline rate is a ceiling and not an average.
Fees and Limits Compared
The Two MEXC Cards Charge the Same 1% — In Different Places
This is the detail most crypto card comparisons get wrong.
The MEXC Global Card charges a 1% transaction fee (waived until September 30, 2026) and no crypto conversion fee, while the MEXC Card (APAC) charges no transaction fee and a 1% crypto conversion fee.
The labels differ, the arithmetic does not: on a 100 USD purchase at a USD merchant, MEXC's own worked example shows both cards deducting 101 USDT.
MEXC's fee documentation lists no virtual card issuance fee, annual fee, inactivity fee, or termination fee on either card, and the Global Card page separately lists a standard 20 USD issuance fee that is waived for a limited time — check the figure shown on the application page before you apply.
Cross-Border Is Where They Separate
The two MEXC cards diverge as soon as you spend in a currency other than the card's billing currency.
The MEXC Card (APAC) adds a 1% foreign exchange fee on top of the Visa exchange rate, while the MEXC Global Card applies no markup to the Visa rate at all.
On MEXC's own example of a 100 EUR purchase at an assumed Visa rate of 1.08, the APAC card deducts 110.17 USDT and the Global Card deducts 109.08 USDT — a gap of roughly 1% that only exists abroad.
On the ether.fi side, EUR purchases carry no foreign exchange markup, and ether.fi states it applies an adjusted cashback ladder on those purchases to balance that benefit.
Fee | MEXC Global Card | MEXC Card (APAC) |
Transaction fee | 1% (0% until September 30, 2026) | 0% |
Crypto conversion fee | 0% | 1% |
Foreign exchange | Visa rate, no MEXC markup | Visa rate + 1% |
Top-up fee | 0 | 0 |
Refund after settlement | No standard fee; 0.50 USD may apply if refund rates are unusually high | 1% foreign exchange fee on non-USD refunds |
Borrowing on the ether.fi Card Has a Cost the Rate Card Doesn't Show
Borrow Mode is the ether.fi card's signature feature, and it is also the one place where a crypto card starts behaving like credit.
ether.fi's Borrow Mode documentation states that borrowed amounts begin accruing interest immediately, with no grace period and no billing cycle, and that the balance grows continuously until you repay it.
There is no minimum repayment schedule, so the balance stays outstanding — and keeps growing — until you choose to repay it.
Direct Pay avoids this entirely by spending eligible vault assets outright, so the honest framing is that the ether.fi card has two cost profiles rather than one.
What Happens If Your ether.fi Collateral Drops in Value
Borrowing against crypto carries a risk that spending your own balance does not: if your collateral falls far enough, part of it can be sold to cover what you owe.
ether.fi publishes a loan-to-value ratio and a liquidation threshold for every supported asset — weETH, for example, is listed at 55% LTV with a 75% liquidation threshold and a 3.5% liquidation bonus paid to the liquidator.
Its documentation describes liquidation as a staged process, with a partial liquidation first and the remainder following if the position is still unhealthy.
None of this applies to either MEXC card, because both spend a balance you already hold rather than a line of credit.
Spending Limits
The Global Card is built for larger transactions, and the limits say so plainly.
Limit | MEXC Global Card | MEXC Card (APAC) |
Per transaction | 80,000 USD | 50,000 USD |
Per day | 1,000,000 USD | 50,000 USD |
Per year | Not specified | 1,000,000 USD |
Transactions per day | Not specified | 50 |
Transactions per year | Not specified | 1,040 |
The APAC card's 1,040 annual transaction count works out to fewer than three purchases a day, which is generous for travel and rent but tight if the card becomes your everyday payment method.
On the ether.fi card, card and vault limits are configured in the ether.fi app and vary by membership level, so there is no single published figure to compare against.
Yield While You Hold
MEXC Cards — 7% APR Through the MEXC Card Earn Product
Both MEXC cards give holders access to an exclusive Earn product paying 7% APR on USDT for the current program period, and MEXC's rewards FAQ states that interest is calculated hourly and distributed the next day.
Participation is not automatic: you subscribe manually to the MEXC Card exclusive Earn product, with a minimum of 100 USDT and a maximum of 100,000 USDT, and you can redeem flexibly.
The yield is calculated independently of cashback, so subscribing does not reduce what you earn from spending, and spending does not reduce what you earn from the Earn product.
MEXC states the 7% rate is fixed for the duration of the current program and may be adjusted afterward, so treat it as a live offer to check rather than a permanent card feature.
MEXC × ether.fi Card — Vault Yield That Keeps Running
The ether.fi card takes the opposite approach: instead of a stated rate on USDT you subscribe to an Earn product, your assets keep earning whatever the underlying ether.fi vault produces.
In Borrow Mode, your crypto stays in your vault rather than being sold, so yield-bearing assets such as weETH or ether.fi's Liquid vault tokens keep accruing by their own design while they back your spending.
Those returns move with staking and vault market conditions rather than being fixed, and they are not a promise of any particular figure.
Set against Borrow Mode's continuously accruing interest, the practical question is whether vault yield covers borrowing cost, and that answer changes with the market rather than staying settled.
KYC and Application Requirements
Both MEXC cards require the same starting point: a registered MEXC account with Advanced KYC completed, followed by an online application form and a short questionnaire.
MEXC's APAC application guide notes that some applicants are asked for additional verification such as facial recognition or proof of address, which is a case-by-case step rather than a universal requirement.
Approval usually completes within a few minutes, and the Global Card may ask for an initial top-up to activate the card — if the application is unsuccessful, that amount is returned automatically.
The MEXC × ether.fi card requires all of the above plus a separate ether.fi membership account, with its own verification covering an identity document, mobile verification, a liveness selfie, and a card issuer questionnaire.
Neither MEXC nor ether.fi lists income proof or an asset audit among its published application requirements.
Three-Card Side-by-Side Comparison
Feature | MEXC Global Card | MEXC Card (APAC) | MEXC × ether.fi Credit Card |
Card type | Visa Platinum, virtual | Visa Platinum, virtual | Visa Signature, virtual and physical |
Custody model | Custodial (MEXC account) | Custodial (MEXC account) | Non-custodial (ether.fi vault) |
How spending is funded | Card balance topped up from Fiat account | Fiat account balance directly | Direct Pay or Borrow Mode |
Cashback | 4% / 6% / 10% by VVIP tier | 4% / 6% / 10% by VVIP tier | Up to 4%; base ladder runs 3% to 0.5% |
Cashback paid in | USDT | USDT | USDC |
Monthly cashback cap | 100 / 300 / 800 USDT | 100 / 300 / 800 USDT | No cap; rate steps down with monthly spend |
Transaction fee | 1% | 0% | Not published by MEXC |
Crypto conversion fee | 0% | 1% | Not published by MEXC |
Cross-border | Visa rate, no markup | Visa rate + 1% | No FX markup on EUR purchases; other currencies per ether.fi's FX policy |
Annual fee | 0 | 0 | Core is free; Luxe and Pinnacle require large holdings or a yearly fee of 199 USD and 999 USD |
Virtual card fee | 0 (20 USD standard fee waived for a limited time) | 0 | One free card on Core |
Physical card | Not available yet | Not available yet | 60 USD on Core, free from Luxe upward |
Mobile wallets | Apple Pay and Google Pay | Google Pay | Apple Pay and Google Pay |
Per-transaction limit | 80,000 USD | 50,000 USD | Set per membership in the ether.fi app |
Daily limit | 1,000,000 USD | 50,000 USD | Set per membership in the ether.fi app |
Yield option | 7% APR via MEXC Card Earn product | 7% APR via MEXC Card Earn product | Vault returns on held assets, variable |
Verification | MEXC Advanced KYC and questionnaire | MEXC Advanced KYC and questionnaire | MEXC Advanced KYC plus ether.fi account and verification |
Availability | Multiple regions worldwide | Taiwan, the Philippines, Thailand, Vietnam | Around 70 listed countries and territories |
Best for | Cross-border and high-value spending | Everyday spending in APAC markets | ETH and DeFi holders who do not want to sell |
Which Card Should You Choose?
Choose the MEXC Global Card if you spend across currencies
Of the two MEXC cards, the Global Card is the one that applies no markup to the Visa exchange rate, and that single difference compounds every time you buy in a foreign currency.
Add the 80,000 USD per-transaction ceiling and Apple Pay support, and it is the card built for travel, international subscriptions, and larger purchases.
The trade-off is the extra step: you fund a card balance rather than spending your account balance directly, which adds friction to small daily purchases.
If most of your spending happens in your home currency, that advantage disappears — MEXC's own figures show both cards costing exactly the same on a same-currency purchase.
Choose the MEXC Card (APAC) if you spend at home in a supported market
If you are in Taiwan, the Philippines, Thailand, or Vietnam and your spending is mostly local, the APAC card removes a step by drawing on your Fiat account directly.
You get the same 4%–10% cashback tiers, the same 7% APR Earn option, and the same referral rewards as the Global Card, so nothing is sacrificed on the rewards side.
The two real constraints are Google Pay only and a lower ceiling: 50,000 USD a day and 1,040 transactions a year.
Our guide to using the MEXC Card walks through the day-to-day flow once the card is active.
Choose the MEXC × ether.fi card if selling your crypto is the thing you want to avoid
This card exists for a specific person: someone holding ETH or other vault-eligible assets who wants spending power without closing a position.
Non-custodial control is the genuine draw, because your assets stay in a vault you control rather than in an account managed by a third party.
The costs are real and worth stating plainly: MEXC lists the cashback as up to 4% rather than a rate you earn on everything, borrowing accrues interest from the moment you borrow, and higher ether.fi membership levels require substantial holdings or a yearly fee.
If you would have converted to USDT anyway, a MEXC card is usually the simpler and cheaper route — the ether.fi card earns its place when not selling has value to you.
For a broader view of how these trade-offs stack up, see our honest decision guide to the MEXC Card.
FAQ
How many Visa cards does MEXC offer?
Three: the MEXC Global Card and the MEXC Card (APAC), both issued by MEXC, and the MEXC × ether.fi Credit Card, issued through ether.fi.
Can I hold more than one MEXC card at the same time?
MEXC states that each verified identity may generally apply for one card of each type, so you can hold different card products but not duplicates of the same one.
Which cards work with Apple Pay?
The MEXC Global Card and the MEXC × ether.fi card support both Apple Pay and Google Pay, while the MEXC Card (APAC) supports Google Pay.
Do I need to lock up my USDT to earn the 7% APR?
No, but you do have to subscribe manually to the MEXC Card exclusive Earn product, which allows flexible redemption between a 100 USDT minimum and a 100,000 USDT maximum.
Does the MEXC × ether.fi card pay a flat 4% cashback on everything?
No — MEXC describes it as up to 4%, and ether.fi's published rates step down from 3% to 0.5% as monthly spending rises, with 4% appearing only at the invitation-only VIP membership.
Why didn't I receive cashback on a purchase?
The most common reasons are that the merchant's category code is excluded, that the transaction has not settled yet, or that risk controls were triggered, as explained in MEXC's card transaction FAQ.
Which MEXC card is cheaper for spending abroad?
The MEXC Global Card, because it adds no markup to the Visa exchange rate while the APAC card adds 1%.
What happens to my crypto if the market drops while I'm using Borrow Mode?
If your collateral value falls below ether.fi's published liquidation threshold for that asset, part or all of it can be sold to repay what you owe, which is a risk neither MEXC card carries.
Conclusion
Three cards sounds like three choices, but for most people the real decision narrows quickly.
Availability removes options first, then the currency you spend in decides between the two MEXC cards, and only then does the question of custody come into play.
If you hold USDT and spend across borders, the Global Card's zero exchange-rate markup and higher ceilings make it the straightforward pick.
If you hold USDT and spend at home in a supported APAC market, the APAC card gets you the same rewards with one fewer step.
If you hold ETH and the thing you are optimizing for is not selling it, the MEXC × ether.fi card is the only one of the three that solves that problem — provided you go in understanding that borrowing carries a running interest cost and that up to 4% is a ceiling, not a rate that applies to every purchase.
You can see which cards are available to you and apply at the MEXC Card page.
Card terms including cashback rates, fees, limits, and yield programs are set by MEXC and ether.fi and can change, so check the official card page and support documentation before applying.
Market Opportunity
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This article is provided by MEXC for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets involve significant risk. Please conduct independent research or consult a qualified professional before making any investment decisions. The views expressed do not necessarily represent those of MEXC or its affiliates.
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