Phemex's own Phemex Card page describes a Mastercard virtual debit card for users in the European Economic Area. USDT or USDC in the Spot account converts to fiat at payment. The site and the fee page say issuance, annual and account-closure fees are zero, with cashback up to 1% and, on the help page, no maximum.
Fees, capabilities, and requirements
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| Item | Phemex Card (Mastercard) 2026 Phemex |
|---|---|
| Fees | |
| Issuance Fee | Free |
| Annual Fee | Free |
| Spending Fee | Crypto-to-fiat spread; rate not published |
| Top-up Fee | USDT or USDC from the Spot account |
| FX Fee | Cross-currency spread not published |
| Cashback | Up to 1%; help centre says no cap |
| Capabilities | |
| AI Payment | Not Supported |
| Not Supported | |
| Alipay | Not Supported |
| Physical Card | Not Supported |
| Apple Pay | Supported |
| Google Pay | Supported |
| Remittance | Not Supported |
| Requirements | |
| KYC | The site says verification is required; document type unknown |
| Top-up Methods | USDT / USDC |
| Review Time | Unknown |
| Spending Limits | 5000 USD / 5000 USD / 30000 USD |
| Availability | Public |
| Supported Regions | EEA |
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Fees
| Issuance Fee | Free |
| Annual Fee | Free |
| Spending Fee | Crypto-to-fiat spread; rate not published |
| Top-up Fee | USDT or USDC from the Spot account |
| FX Fee | Cross-currency spread not published |
| Cashback | Up to 1%; help centre says no cap |
Features
Top-up Methods
Spending Limits
Details
The fee page, marked updated 18 August 2026, sets default limits of USD 5,000 per transaction, USD 5,000 daily, USD 30,000 monthly and USD 100,000 yearly, and says the user cannot raise them above the platform default. The crypto-to-fiat and cross-currency spreads are not stated as a percentage and are unknown. Refunds convert back at the rate when they clear, and the original spread is not refunded. The site says the card can be added to Apple Pay and Google Pay. Dining, travel or subscriptions are examples in the payment text. ChatGPT and Claude are not named, so AI-subscription support is unknown. The official page describes a virtual debit card. The pages checked do not offer a physical card.
KYC
The site says verification is required; document type unknown