Updated October 17, 2026 · SumCue Editorial Team
Nexo vs Upgrade OneCard™
Nexo
Upgrade OneCard™
Higher score in this comparison
Nexo vs Upgrade OneCard™: the differences
| 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).
We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.
Key differences
- Upgrade OneCard™ scores higher overall: 9.0 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 businesses and crypto users who want a multi-currency card, with monthly and annual card fees of €0 and €0. The trade-off is tier-based cashback, foreign exchange costs, and custodial holding of supported crypto.
Upgrade OneCard™
Upgrade says applying does not affect a credit score, but approval triggers a hard inquiry that may affect it.
Score breakdown
| Area | Nexo | Upgrade OneCard™ |
|---|---|---|
| Cost | 9.2HigherMonthly and annual card fees are €0 and €0, while foreign exchange costs are 0.2% to 2.5%. | 8.8An annual fee of $0 on the credit card and a monthly fee of $0 on the checking account, against 3% for currency conversion. |
| Offer | 9.2The card supports crypto cashback, multi-currency use, virtual cards, travel, Apple Pay and Google Pay. | 9.4Higher |
| Trust | 8.3 | Not confirmed |
Where they rank in our lists
| Ranking | Nexo | Upgrade OneCard™ |
|---|---|---|
| Credit and debit cards | 10 of 1594 | 39 of 1594 |
| Credit cards | 2 of 421 | 14 of 421 |
| Debit cards | 8 of 826 | 28 of 826 |
Sources behind this comparison
Nexo
- nexo.com: 13 facts, checked September 26, 2026
Upgrade OneCard™
- upgrade.com: 10 facts, checked September 26, 2026
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 |
Crypto wallets
| Fact | Nexo | Upgrade OneCard™ |
|---|---|---|
| Wallet type | Mobile | Not confirmed |
| Coins supported | 100 | Not confirmed |
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 336 listed providers.
Pros and cons
Nexo
Pros
- No monthly or annual card fees: €0 and €0.
- Crypto cashback is available in NEXO Tokens or BTC at Platinum tier in Credit Mode.
- Multi-currency use, virtual cards, travel, Apple Pay and Google Pay are supported.
Cons
- Foreign exchange costs are 0.2% to 2.5%, which may add to overseas spending.
- Supported crypto is held in custodial custody under custodial.
- Cashback and ATM terms depend on card tiers, so lower tiers receive less favourable benefits.
Upgrade OneCard™
Pros
- Age, location and repayment-capacity requirements are specified
Cons
- Approval triggers a hard inquiry that may affect the applicant’s credit score
Who each suits
Nexo
Who it suits
- Businesses seeking a multi-currency card with no monthly or annual card fees.
- Crypto users comfortable with crypto cashback and custodial custody.
- Travellers who want Mastercard, virtual-card, Apple Pay and Google Pay support.
Who should look elsewhere
- bunq may suit readers whose stated foreign exchange fee range is 0.5% to 3%.
- Varo Believe Secured Credit Card may suit readers focused on a card with a stated monthly fee of $0.
- Wise may suit readers looking for a different everyday money platform, with a stated monthly fee of £0.
Upgrade OneCard™
Who it suits
- US applicants checking OneCard’s age, residency, credit inquiry and repayment criteria.
Who should look elsewhere
- Customers who want high advantages concentrated in one spending area.
- People who want extra travel benefits or premium card features.
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 are the Nexo card fees?+
Nexo lists a monthly card fee of €0 and an annual card fee of €0. Its published perks also state that there are no monthly, annual or inactivity card fees.
What is the currency conversion fee?+
Foreign exchange fees are 0.2% to 2.5%. The exact amount can therefore vary, so overseas purchases and ATM withdrawals may cost more than transactions made in the card's base currency.
Upgrade OneCard™
What sets this card apart from other everyday cards?+
Many everyday cards change how they treat spending by rotating categories or adding tiers that shift from month to month. This product keeps the approach level, so general purchases follow one consistent pattern. That steadiness is its main appeal, although people who want stronger advantages in particular areas may prefer other cards for their habits.
Can the card be used in place of a debit card?+
The product combines several functions, including a debit card element alongside credit and borrowing features. Holders who prefer a debit style of spending can use that function for day to day payments. Anyone who plans to rely on it that way should check how each function is set up before committing to the arrangement.
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