Understanding the MEXC Card: Fees, Spending Limits, and Transaction Examples
Key Takeaways:
- MEXC does not charge virtual card issuance, annual, inactivity, or card termination fees.
- The MEXC Card (APAC) charges no transaction fee but applies a 1% crypto conversion fee. The MEXC Global Card applies the opposite fee structure.
- For cross-border transactions, the MEXC Card (APAC) adds a 1% foreign exchange fee to the Visa exchange rate, while the MEXC Global Card applies no markup.
- The two cards have different per-transaction, daily, and annual spending limits. The MEXC Global Card offers higher limits.
1. About MEXC Cards
MEXC Cards are crypto payment cards issued by MEXC that allow users to spend crypto assets from their accounts on everyday purchases. MEXC currently offers the MEXC Card (APAC) and the MEXC Global Card. The two cards have different fee structures and spending limits, allowing users to choose the option that best suits their spending habits.
2. Card Issuance and Management Fees
Both MEXC Card products have no basic issuance or management fees:
Fee Type | MEXC Card (APAC) | MEXC Global Card |
Virtual Card Issuance Fee | 0 | 0 |
Annual Fee | 0 | 0 |
Inactivity Fee | 0 | 0 |
Termination Fee | 0 | 0 |
MEXC does not charge users for applying for, holding, temporarily not using, or terminating either card.
3. Transaction Fees
The two cards have different transaction fee structures:
Fee Type | MEXC Card (APAC) | MEXC Global Card |
Transaction Fee | 0% | 1% |
Crypto Conversion Fee | 1% | 0% |
Foreign Exchange Fee | Visa exchange rate + 1% cross-border fee | Visa exchange rate + 0% markup |
Top-Up Fee | 0 | 0 |
ATM Withdrawal Fee | Not applicable to virtual cards | Not applicable to virtual cards |
Notes:
1) Crypto conversion fee: This fee applies when crypto assets in your account are converted into fiat currency to complete a purchase. The MEXC Card (APAC) charges 1%, while the MEXC Global Card does not charge this fee.
2) Transaction fee: This fee is calculated based on the value of each purchase. The MEXC Card (APAC) does not charge a transaction fee, while the MEXC Global Card charges 1%.
3) When foreign exchange fees apply: A foreign exchange fee applies when you make a purchase in a currency different from the card's billing currency. For example, this fee applies when a USD-denominated card is used to make a purchase in euros. It does not apply to domestic purchases made in the same currency as the card's billing currency. The MEXC Global Card applies no markup to the Visa exchange rate, making it more cost-effective for cross-border purchases.
4. Spending Limits
To protect account security and accommodate different spending needs, MEXC applies the following limits:
Limit Type | MEXC Card (APAC) | MEXC Global Card |
Per-Transaction Spending Limit | 50,000 USD | 80,000 USD |
Daily Spending Limit | 50,000 USD | 1,000,000 USD |
Annual Spending Limit | 1,000,000 USD | — |
Daily Transaction Limit | 50 transactions | — |
Annual Transaction Limit | 1,040 transactions | — |
The MEXC Card (APAC) is suitable for everyday spending, while the MEXC Global Card offers significantly higher limits for users with larger or more frequent spending needs.
5. Fee Calculation Examples
The following examples illustrate how fees are calculated in different transaction scenarios. The rates and amounts shown are for illustrative purposes only. Please refer to the tables above for the applicable fee rates.
Example 1: Same-Currency Purchase at a USD Merchant
Assume that a user holds only USDT in their account and makes a purchase of 100 USD at a USD merchant.
Item | MEXC Card (APAC) | MEXC Global Card |
Purchase Amount | 100 USD | 100 USD |
Crypto Conversion Fee | 100 × 1% = 1 USD | 0 |
Transaction Fee | 0 | 100 × 1% = 1 USD |
Total Amount Deducted | 101 USDT | 101 USDT |
For same-currency purchases, the total cost is the same for both cards.
Example 2: Cross-Border Purchase at a Non-USD Merchant
Assume that a user holds only USDT in their account and makes a purchase of 100 EUR at an overseas merchant. For this example, the Visa exchange rate is assumed to be 1 EUR ≈ 1.08 USD.
Item | MEXC Card (APAC) | MEXC Global Card |
Purchase Amount | 100 × 1.08 = 108 USD | 100 × 1.08 = 108 USD |
Foreign Exchange Fee | 108 × 1% = 1.08 USD | 0 |
Crypto Conversion Fee | （108 + 1.08）× 1% ≈ 1.09 USD | 0 |
Transaction Fee | 0 | 108 × 1% = 1.08 USD |
Total Amount Deducted | 110.17 USDT | 109.08 USDT |
For cross-border purchases, the MEXC Global Card has a lower overall cost because it does not apply a foreign exchange markup.
With no card issuance fee, annual fee, inactivity fee, or card termination fee, MEXC Cards offer a low-cost way to spend crypto assets. If most of your purchases are made in the card's billing currency, both cards have the same overall cost, so either option may be suitable. If you frequently make cross-border purchases or require higher spending limits, the MEXC Global Card may be a better choice due to its higher limits and zero foreign exchange markup.
Before using your card, log in to the official MEXC platform and review the latest fee and limit information to ensure accuracy.