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 or crypto conversion fee.
- The MEXC Global Card charges a 1% transaction fee but no crypto conversion fee.
- 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. What Are 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, keeping the card inactive, 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 | 0% | 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 |
Refund Fee | 1% for USD transactions
3% for non-USD transactions | 0 |
Failed Transaction Fee
(Applies only to failed transactions) | 0 | 0 USD per transaction if the failed transaction rate is < 20%
0.5 USD per transaction if the failed transaction rate is ≥ 20% |
Small-Amount Transaction Fee (< 1 USD ) | 0.1 USD |
Notes:
1) Crypto conversion fee: This fee applies when crypto assets in your account are converted into fiat currency to complete a purchase.
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 adds no markup to Visa's exchange rate, offering an advantage for cross-border spending.
4) Fee rates may be adjusted during the event. Please refer to the rates displayed on the relevant event page.
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 | 100 transactions |
Monthly Transaction Limit | — | 2,500 transactions |
Annual Transaction Limit | 1,040 transactions | 25,000 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 | 0 | 0 |
Transaction Fee | 0 | 100 × 1% = 1 USD |
Total Amount Deducted | 100 USDT | 101 USDT |
For same-currency purchases, the MEXC Card (APAC) generally offers lower fees.
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 | 0 | 0 |
Transaction Fee | 0 | 108 × 1% = 1.08 USD |
Total Amount Deducted | 109.08 USDT | 109.08 USDT |
As shown above, both cards incur exactly the same costs for cross-border transactions.
With no card issuance fee, annual fee, inactivity fee, or card termination fee, MEXC Cards significantly lower the barrier to entry for users. If most of your purchases are made locally in the card's billing currency, the MEXC Card (APAC) offers lower costs and is the more suitable option. If you frequently make cross-border purchases or make large purchases, both cards incur the same costs, so either option may be suitable.
Before using your card, log in to the official MEXC platform and review the latest fee and limit information to ensure accuracy.