Head to head
Bybit Card vs Plasma One
Both cards run on the same benchmark test, so this compares deducted cost rather than advertised rates.
| Metric | By Bybit Card | Pl Plasma One |
|---|---|---|
| Overall rank | #9 of 11 | #11 of 11 |
| Gross FX spread | 2.53% | 2% |
| Net cost on test | ~$1.49 after points | |
| Base cashback | 2% paid in points | 4 |
| Custody | Custodial | Non-custodial |
| Virtual card | Free | Free, Core tier is ~$120-$199/yr or 10,000-20,000 XPL lock; Platinum tier is 100,000 XPL lock |
| Physical card | $29.99 | Upper tiers only |
| Spend limit | $10,000 daily / $50,000 monthly | |
| ATM withdrawals | First $100/month free, 2% flat thereafter | No ATM access on Lite tier |
| Setup time | Fast, but heavily gated for South Africans | 10 minutes |
| KYC steps | 6 | 4 |
| Score | 7/10 | 4/10 |
Bybit Card
Bybit's fee structure is heavy: a 2% regional FX fee plus 0.9% conversion pushes gross markup close to 3%. The 2% cashback brings net cost back to $1.49 (~0.76% above market), but rewards are paid in points rather than instant stablecoins. The 100%-off subscriptions are a heavy incentive.
Plasma One
Plasma One combines self-custodial stablecoin spending with integrated DeFi yield, skipping the friction of swapping tokens. However, the free tier is limited; the premium tiers only give tokens as their cashback, and FX fee's are high. The gated code-invite mode is not recommended
Who ranks these cards
I'm Tristyn Pawson, founder of ConsistenC.xyz. Over the last five years I've worked on marketing, development and growth across five crypto cards and neobanks, building at least three of them from scratch.
Alongside that I've run in-depth research on 20+ crypto banks to understand what actually makes someone keep a card in their wallet. These rankings reflect that: which problems are tolerable, and which ones are genuine deal breakers.
- Years in market
- 5
- Cards built on
- 5
- Neobanks researched
- 20+