Nihao. 😉
If you're from China, here are 3 crypto cards that will accept your registration.
TLDR: No time to read everything? Skip down to the one best card we recommend for China, based on all the analysis and criteria.
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USD
No Apple Pay
up to 1% cashback
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EUR
Apple Pay
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USD
No Apple Pay
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How Much Is the Foreign Exchange Fee to Use These Cards in China?
Since these cards are denominated in USD or EUR, every time you spend in China, your payment needs to be converted into Chinese Yuan Renminbi first. Your card will charge an FX fee when converting to CNY.
Here's how they compare when it comes to foreign exchange (FX) fees.
* Visa and Mastercard charge around ~1% on top of the card's FX fee.
Example: ZEN charges 0.5% foreign exchange fee. On a 70.00 Yuan purchase, you pay ¥70.00 + ¥0.35 foreign exchange fee + ¥0.70 Mastercard foreign exchange fee = ¥71.05.
When a payment terminal asks, choose the local currency, Yuan. This lets your crypto card handle the exchange rate, so you can be sure of the exact percentage you will pay. If you choose USD, the local POS terminal bank does the conversion instead, often at a worse rate. In some countries, that markup can reach 8%.
Which Crypto Cards offer Physical cards for China?
Here are all the crypto cards that offer a physical card in China:
Here are all crypto cards that support China but DO NOT offer a physical card:
How Much Cashback Do These Crypto Cards Pay?
Out of the 3 crypto cards available in China, 1 offers cashback.
The highest advertised cashback % is usually not what you get on the free tier. You may need to pay a monthly fee or stake a large amount of tokens to unlock it.
Below you will see the entry-level cashback rate instead: what you can earn on the Free tier.
Xapo
1%
Xapo
¥20,238
1% cashback
Xapo
1%
capped at ¥20,238 a month
Xapo
1%
free tier
¥35.00
monthly cap reached
capped at ¥20,238 a month
same on every tier
Xapo Card offers 0.2% - 1% cashback, paid in Bitcoin (BTC).
Your cashback is calculated based on the purchase amount in USD, then converted into Bitcoin and credited to your BTC balance. Rewards are paid automatically on the 5th of each month, once transactions have settled.
The cashback rate depends on where the merchant is located and which card you have:
| Merchant Location | Card Type | Cashback |
| EU Countries | Any Card | 0.2% |
| Outside Europe | Plastic of Virtual Card | 0.5% |
| Outside Europe | Metal Card | 1% |
There is no monthly cashback cap, which is rare among crypto cards. The only limit is the $300,000 monthly spend limit, meaning you could earn up to $3,000 cashback per month at 1%.
Reality CheckSome other crypto cards advertise higher cashback %, but you may end up earning less because their monthly cashback caps are much lower. When compared at the entry-level tier, Xapo Card's 1% cashback offers more value:
| Xapo Card | Industry Average1 | |
| Entry Level Cashback | 1% | 1% |
| Entry Level Cashback Monthly Cap | 3,000 USD | 50 USD |
In addition, your Xapo Card includes 1 free airport lounge visit per year. After that, each visit costs $35 per person (guests also $35).
Cashback is paid on the amount you spend, and most cards limit how much you can earn. Some publish a monthly cap, and the figure above stops there. Others advertise a rate that only applies to the first slice of your monthly spend, then drop to a much lower ongoing rate - that drop is applied above too. Either way, a headline rate on its own tells you very little.
Here are all crypto cards that support China but DO NOT offer cashback:
Is There an Ideal Crypto Card for China?
To help you pick the best card, here goes. You should look at cards that have no monthly fee and no foreign exchange fee, let you spend without limits, pay you cashback, come with a physical card, and work with Apple Pay.
No card in China offers all 6 of these features yet. These are the ones that come closest:
| No Monthly Fee | 0% Foreign Exchange Fee | Unlimited Spend | Offers Cashback | Has Physical Card | Has Apple Pay | ||
|---|---|---|---|---|---|---|---|
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Xapo
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No Monthly Fee: no85 USD | 0% Foreign Exchange Fee: yes | Unlimited Spend: yes | Offers Cashback: yes | Has Physical Card: yes | Has Apple Pay: no | Go to Site Our Review7.7 |
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ZEN
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No Monthly Fee: yes | 0% Foreign Exchange Fee: no0.5% | Unlimited Spend: no10,000 EUR | Offers Cashback: no | Has Physical Card: yes | Has Apple Pay: yes | Go to Site Our Review5.6 |
 Onboard
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No Monthly Fee: yes | 0% Foreign Exchange Fee: no2% + $0.5 | Unlimited Spend: no5,000 USD | Offers Cashback: no | Has Physical Card: no | Has Apple Pay: no | Go to Site Our Review5.3 |
Xapo comes close, but it has a monthly fee of 85 USD and no Apple Pay. ZEN comes close, but it has a foreign exchange fee of 0.5%, a spending limit of 10,000 EUR a day and no cashback. Onboard comes close, but it has a foreign exchange fee of 2% + $0.5, a spending limit of 5,000 USD a day, no cashback, no physical card and no Apple Pay.
Best for China: If you're from China, the best card for you to use, based on the above, is Xapo Card.
FOR CHINESE READERS
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