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Bybit Card vs Ethena Pay

Ethena Pay scores higher on the G2M score: 83/100 against 48/100 (#1 and #22 of 26 cards). Ethena Pay also comes out ahead on cashback, a lower FX fee, more countries and control of your funds.

Bybit Card48

#22 of 26 · Up to 10% back · annual fee none

Get BybitRead the review
Ethena Pay83

#1 of 26 · 4% to 5% back · annual fee none

Get EthenaRead the review

The short answer

  • Ethena Pay scores higher on the G2M score: 83/100 against 48/100 (#1 and #22 of 26 cards).
  • Ethena Pay pays 4% cashback on its entry tier; Bybit Card does not publish a rate. Higher tiers go up to 10% on Bybit Card and 5% on Ethena Pay.
  • Neither card has an annual fee.
  • Ethena Pay charges less on foreign currency: a 1% FX fee against 2%.
  • Ethena Pay is confirmed in more countries: 48 against 37. Of the markets we check for every card, only Bybit Card is confirmed in EU / EEA, and only Ethena Pay is confirmed in UAE.
  • Bybit Card is custodial; Ethena Pay is self-custodial.

Want the answer for your own spending, or the next tier up of each? See what each keeps you a year or pick tiers and add a third card.

Side by side

Detail
Bybit Card
Ethena Pay
G2M score
48
83 (better)
Base cashback
Not published
4%
Max cashback
10% (better)
5%
Paid in
Points, redeemable for USDT or crypto
AVAX, daily
Annual fee
Free
Free
FX fee
2%
1% (better)
Top-up fee
0%
0%
Per-purchase fee
0.9%
None listed
ATM
Around $100 or €100 a month depending on region
$1 + 0.65% per withdrawal
Network
Mastercard
Visa
Card type
Varies by region
Spend
Custody
Custodial
Self-custodial
Formats
virtual, physical
virtual
Apple / Google Pay
? / ?
Yes / Yes
India
No
No
UAE
No
Yes
United States
No
No
United Kingdom
No
No
EU / EEA
Yes
No
Countries
33
48
Bank account (IBAN or account number)
Shared, with a reference code
In your name
Send money to a bank account
1 currency
Not confirmed
Buy and sell crypto with fiat
Buy and sell
Buy and sell
Spend against crypto without selling
No
No
Yield on your balance
Yes
Yes
Tiers
VIP 1 to 2 · VIP 3 (Alpha) · Supreme VIP
Standard · Pro · VIP
Perks
Subscription rebates for VIPs · 100% rebates on Netflix, Spotify and ChatGPT
Works on Arbitrum, Ethereum, Optimism and Polygon · 5% a year on your balance, up to $5,000, paid daily in USDe · 6% a year on your balance, up to $100,000, paid daily in USDe · 6% a year on your balance, up to $1,000,000, paid daily in USDe

Highlighted values are the better of the two. “Not published” means the issuer does not state it. Card data last checked 25 Oct 2026; see each card's review for its sources.

Questions

Which is better, Bybit Card or Ethena Pay?

Ethena Pay scores higher on the G2M score: 83/100 against 48/100 (#1 and #22 of 26 cards). Ethena Pay also comes out ahead on cashback, a lower FX fee, more countries and control of your funds. The better card for you depends on where you live and how you spend; the G2M calculator works it out for your own spending.

Which has lower fees, Bybit Card or Ethena Pay?

Neither card has an annual fee. Ethena Pay charges less on foreign currency: a 1% FX fee against 2%.

Which pays more cashback, Bybit Card or Ethena Pay?

Ethena Pay pays 4% cashback on its entry tier; Bybit Card does not publish a rate. Higher tiers go up to 10% on Bybit Card and 5% on Ethena Pay.

Which works in more countries, Bybit Card or Ethena Pay?

Ethena Pay is confirmed in more countries: 48 against 37. Of the markets we check for every card, only Bybit Card is confirmed in EU / EEA, and only Ethena Pay is confirmed in UAE.

Who holds my funds with Bybit Card and Ethena Pay?

Bybit Card is custodial; Ethena Pay is self-custodial.

More comparisons

Scores use the same rules for every card (how the score works). Referral links never change a score or rank. Not financial advice.