What is the MEXC × EtherFi Co-branded Card?
Many crypto holders face the same dilemma: they don’t want to sell their cryptocurrency, but they need to pay for everyday expenses with fiat currency, so they’re forced to cash out through exchanges or OTC transactions. The MEXC × EtherFi co-branded card was created precisely for this purpose—it allows your assets to remain on-chain and continue to appreciate while still covering your daily expenses.
The MEXC × EtherFi Co-branded Card is a non-custodial crypto card launched through a partnership between the MEXC exchange and the EtherFi platform. It is not a traditional bank card, but rather a blockchain-based card that allows you to make purchases directly with stablecoins (such as USDT) without having to sell your coins for cash first.
It works similarly to a debit card: funds are deducted directly from your crypto account when you make a purchase (you can also borrow against your assets to make purchases), and transactions are settled instantly. It supports approximately 150 million Visa merchants worldwide, as well as Apple Pay and Google Pay. It is currently available as a virtual card; a physical card will be launched at a later date.
The biggest draw for beginners is that they can enjoy spending rewards and staking returns without needing an in-depth understanding of DeFi. Compared to the transaction fees and tax costs associated with traditional crypto withdrawals, this card lets you “have your cake and eat it, too.”
If you'd like to learn more about the EtherFi Cash card itself, start by reading:What Is Ether.Fi Cash? A Complete Guide to Cashback, Fees, and How to Sign Up
Key Benefits of the MEXC × EtherFi Co-branded Card
- 4% Cashback: Earn points on all Visa purchases worldwide (including dining, shopping, and travel);
- Staking Rewards: Collateralized assets are eligible for an annual percentage rate (APR), allowing you to earn interest while holding your coins; the actual yield is subject to the latest official announcement;
- Long-Term Member Benefits: Discounts at partner hotels and other member benefits;
- Wide coverage: Supports 68 countries, making it easy to spend money while traveling. See the list of supported countries at Official List。
How Can Newcomers Apply for This Co-Branded Card? Four Steps to Get It Done
Step 1: Complete KYC Verification at MEXC
Before applying for the MEXC × EtherFi Card, please first go through our 20% Fee Rebate Invitation Link Sign up for MEXC and complete the advanced KYC verification. If you are already a MEXC user, you can go directly through Card Activation Page Log in and apply.
New MEXC users, please complete the following two steps:
- Complete Advanced KYC;
- The net balance, after deducting withdrawals, must be at least 100 USDT, based on deposits made via on-chain transfers, P2P, or credit cards (excluding internal transfers).
Once you've completed the process, you'll automatically become eligible within 24 hours, so there's no need to worry.
Step 2: Create an ether.fi account
在 Card Activation Page Click "Apply Now" to create your ether.fi account; once your account has been successfully created, click "Activate" to continue with your card application.
If you already have an EtherFi account, simply enter your existing account information, and the system will attempt to link it automatically—Using the same email address for MEXC and EtherFi results in the highest success rate for automatic linking; New users will need to create a new EtherFi account.
Step 3: Fund Your EtherFi Account (New Users Only)
Before activating the card, select a payment method to add funds to your EtherFi account.
Step 4: Activate the card
在 MEXC Cards Page Once you see "Activation Successful," you can add the card to Apple Pay or Google Pay via the "Add Cards" section in EtherFi. You can then use it to make purchases at any merchant worldwide that accepts Visa and earn a 4% cashback reward.
Tip: Using the same email address (for both MEXC and EtherFi) throughout the process can speed up approval. If you encounter any issues, please refer to the FAQ section below.
What You Need to Know Before Applying: Eligibility and Restrictions
Key Eligibility Requirements:
- Applications are limited to MEXC main accounts only; sub-accounts are not eligible;
- Must pass the platform's risk review (to prevent fraudulent KYC);
- Whether or not you already have an EtherFi account does not affect your eligibility to apply.
Fees and Restrictions:
- No annual fee; foreign exchange fee of 1% (2% for future ATM withdrawals);
- Rewards are distributed in the form of crypto assets, and their value is subject to market fluctuations;
- MEXC reserves the right to make final changes to the promotion and its terms and conditions.
This card is non-custodial, meaning you retain control of your private key. We recommend that you set up your own crypto wallet before applying.
Frequently Asked Questions
Q1: What should I do if my application doesn't show a "pending" status after submission, or if the review process has been stalled for a long time? A: The most common reason is that MEXC and EtherFi use different email addresses, so the system cannot automatically link the accounts and the process is transferred to manual review. If you use the same email address for both platforms during registration, the system is more likely to approve the link automatically. If you’re having trouble, you can change your email address on the EtherFi website or rebind your MEXC account using the same email address. You can also contact customer service, explaining that you’re having an “MEXC co-branded card binding issue” and providing your UID.
Q2: I have an old EtherFi account, but I'm having trouble with the application process or my account has been blocked. What should I do? A: If your old account has already been verified but you link a new MEXC account using a different email address or create an additional EtherFi account, the system will detect a conflict. The solution is to use the same email address for all accounts and never apply for two EtherFi accounts at the same time—having multiple accounts is the main reason for account suspension.
Q3: Does this card have an annual fee or any hidden fees? A: There is no annual fee. Foreign exchange transactions are subject to a fee of 1%, and the ATM cash withdrawal feature—to be launched in the future—will incur a fee of 2%. Cashback is calculated instantly, with no minimum spending requirement.
Q4: In which regions can the card be used? A: Visa merchants in 68 countries or regions are supported, and you can link Apple Pay and Google Pay. To see if your region is supported, please check MEXC Official Support List。
Q5: Does using this card to make a purchase mean I’m selling my cryptocurrency? A: When you make a purchase, the system will deduct the amount from your account balance (e.g., USDT). You can also choose to borrow against your collateral to make purchases without touching your holdings. This process is much simpler than withdrawing funds from the exchange and then transferring them to a bank, and it also preserves the potential for your assets to appreciate.
Conclusion
The MEXC × EtherFi co-branded card lets you make purchases at Visa merchants worldwide and earn 4% cashback without having to sell your coins, offering a practical alternative to daily withdrawals for long-term token holders. Keep two key points in mind when applying: Make sure to use the same email address for both MEXC and EtherFi, and do not open multiple accounts. If you follow these guidelines, your application should be approved without issue.
Next Steps: After activating your card, if you'd like to learn more about deposits, withdrawals, and the actual user experience with this card, you can read Ether.Fi Cash: A Comprehensive Review and Real-World Testing。
Disclaimer
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