Bybit has launched the Bybit Card in Georgia (the country), expanding crypto spending options for residents who want a card-linked bridge between digital assets and daily purchases. This guide explains what the launch includes, who qualifies, how the 10% promo cap really works, and how to evaluate the card with a risk-aware lens. The goal is clarity: understand the mechanics before you move funds or change your spending habits.
Why This Topic Matters Now
The launch is not just a new card; it is a signal that local regulatory groundwork has been in motion. Bybit has announced registration as a Virtual Asset Service Provider with the National Bank of Georgia, which sets the compliance baseline for local operations and payment partnerships. That regulatory context matters because it shapes eligibility, verification requirements, and how card rails connect to crypto balances.
At the same time, Bybit is attaching a capped 10% cashback promotion to the Georgia launch. (investing.com) Promotions can be valuable, but only if the cap, deposit requirements, and eligible transaction rules align with your actual spending patterns. Understanding the math up front prevents mispriced expectations later.
Core Explanation (Direct Answer Format)
The Bybit Card is now available to eligible residents in Georgia, enabling crypto-funded spending with broad Mastercard acceptance, subject to regional availability and program terms. (investing.com) The launch provides instant virtual card access upon approval, with a physical card available subject to availability. (investing.com) The card supports multiple cryptocurrencies and uses EMV 3-D Secure for transaction protection. (investing.com) In supported regions, the card can also be linked to digital wallets such as Google Pay for contactless payments. (investing.com)
To mark the launch, Bybit is offering a 10% cashback promotion for eligible cardholders. (investing.com) The promo is capped at the USD equivalent of $150 for new users and $75 for existing users, and it requires an initial deposit of at least $100 (or equivalent) within 30 days of card approval. (investing.com) Participation is limited to users who complete Individual Identity Verification Level 1 or Business Verification. (investing.com) Only payments made using cryptocurrency are eligible for cashback, and excluded categories include withdrawals to e-wallets, prepaid wallets, or holding accounts. (investing.com)
Market Benchmarking and ROI Math
The launch offer is a capped 10% cashback, so the real value is determined by your eligible spend volume. (investing.com) If you are a new user, the maximum reward is $150, which means you hit the cap after $1,500 in eligible crypto-funded spending. For existing users, the $75 cap is reached after $750 in eligible spending. Any spend beyond those thresholds earns zero additional cashback from the promo. (investing.com)
A practical way to frame this is an effective rate formula: effective cashback rate equals the cap divided by your eligible spend, up to the 10% headline rate. For example, if a new user spends $600, the maximum cashback at 10% is $60, so the effective rate is still 10%. If that same user spends $3,000, the cap is still $150, and the effective rate drops to 5%. This is why the cap matters more than the headline percentage.
Because the promo only applies to crypto-funded purchases and excludes several transaction categories, the true ROI depends on how you actually spend. (investing.com) If most of your spending uses fiat balances or falls into excluded categories, the headline rate will not apply. In other words, the value is defined by eligible spend volume and the cap, not by the marketing headline alone.
Common Mistakes or Myths
Myth: The 10% cashback applies to all payment types.
Reality: The promo applies only to cryptocurrency-funded payments and excludes certain transaction types such as withdrawals to e-wallets, prepaid wallets, or holding accounts. (investing.com)
Myth: A physical card is guaranteed at approval.
Reality: The launch provides instant virtual card access, while the physical card is available subject to availability. (investing.com)
Myth: No verification is required for the promo.
Reality: Eligibility requires Individual Identity Verification Level 1 or Business Verification and a minimum deposit of $100 within 30 days of card approval. (investing.com)
Myth: Anyone can sign up regardless of jurisdiction.
Reality: Bybit Georgia publishes a list of excluded jurisdictions, so eligibility depends on residency status and local rules.
How This Relates to Crypto Cards
Bybit's Georgia launch highlights the practical direction of crypto cards: mainstream card rails, digital wallet support, and a clear rewards cap rather than open-ended promises. (investing.com) For users comparing options, the main questions are not only about reward rates but also about eligibility, verification, and how balances convert at the point of sale.
If you are evaluating the Bybit Card alongside other options, start by mapping where you spend and how you fund transactions. SpendNode keeps focused coverage on card mechanics and cost transparency, including our Bybit Card guide and our broader look at no-FX fee claims. The Georgia launch is a reminder to treat rewards as a secondary benefit and prioritize clear eligibility, settlement rules, and usable wallet integrations first.
FAQ
What does the launch include right now?
The card provides instant virtual access upon approval, supports multiple cryptocurrencies, and offers EMV 3-D Secure protection. A physical card is available subject to availability, and Google Pay is supported in eligible regions. (investing.com)
How does the 10% cashback promotion work?
The promo provides 10% cashback on eligible crypto-funded payments, capped at $150 for new users and $75 for existing users. It requires a minimum $100 deposit within 30 days of approval and completed identity verification. (investing.com)
Which transactions are excluded from cashback?
Excluded categories include withdrawals to e-wallets, prepaid wallets, or holding accounts. Only crypto-funded card payments qualify for the promo. (investing.com)
Are there residency or jurisdiction limits?
Yes. Bybit Georgia lists excluded jurisdictions in its service restrictions, so eligibility depends on residency status and applicable local rules. (bybitgeorgia.ge)
Overview
The Bybit Card launch in Georgia formalizes a local, regulated route for residents to spend crypto via mainstream card rails, building on Bybit's VASP registration with the National Bank of Georgia. (investing.com) The practical value comes from the combination of instant virtual access, wallet support, and a time-bound promo with clear caps and verification requirements. (investing.com) The smartest evaluation is simple: calculate the cap-driven ROI for your own eligible spend and confirm that your residency and verification status fit the program terms.
Actionable takeaway: If you are eligible, estimate your next 30 days of crypto-funded spend and apply the cap math before applying, so the promo and verification steps match your actual usage.
