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    Introduction to Bybit Card Rewards
    bybit2024-09-19 03:17:22

    Bybit Card offers an exciting loyalty program to thank and incentivize you for your continued loyalty and support for using Bybit Card. You can earn Rewards Points when spending with Bybit Card with Crypto-funded transactions. The points not only can be exchanged for various items such as bonuses, fee savers, exclusive merchandise on Reward Market, it can also be available for cashback!

     

     

     

     

     

    How to earn Rewards Points? 

    Each user will receive varying point multipliers and monthly caps based on their respective VIP levels with no expiry date. Points earned will accrue and be in pending status for 3 days after the transaction is completed, after which they will be converted into available Rewards Points and ready for redemption at our Rewards Market.

     

    To learn more about the variations in points across different VIP levels, kindly refer to the table below:

     

    VIP Tier

    Point Multipliers

    Monthly Maximum Point Limit

    Equivalent Monthly Cashback Rate 

    Equivalent Monthly Maximum Cashback (USDT) 

    VIP 0

    10

    5,000

    2.00%

    10

    VIP 1

    10

    37,500

    2.00%

    75

    VIP 2

    10 

    75,000

    2.00%

    150

    VIP 3

    20 

    100,000

    4.00%

    200

    VIP 4

    30 

    150,000

    6.00%

    300

    VIP 5

    40 

    200,000

    8.00%

    400

    Supreme VIP

    50 

    300,000

    10.00%

    600

     

    Notes: 

    • Only apply to Crypto-funded transactions.  

    • Below are the points earned for spending in different currencies.

     

    Amount Spent

    Points Earned

    1 EUR/GBP/USD

    1 point

    900 ARS

    1 point

    5 BRL

    10 points

     

    • Please note that your rewards points amount will be determined by applying the multiplier to your Spending amount. 

    • The value in the rewards market is determined by the following formula: [(Transaction amount / currency point equivalent ) * multiplier] / 500 conversion rate

    • Cashback (USDT) is determined by multiplying the accumulated points by 0.002.

     

     

     

    Examples

    Scenario 1

    A non-VIP user spent 1,000 ARS in Bybit Card Transaction. 

     

    The user will receive 0.02 ARS in the rewards market using the following formula:

     

    Reward Point Value = [(transaction amount/currency point equivalent) * multiplier]/ conversion rate

    = [(1000 ARS/900) * 10] / 500 = 0.02 Rewards Point Value (11pts)

     

     

    Scenario 2

    If the user doesn't want to redeem an item in the Rewards Market, but prefers to receive cashback instead. The users will get

    Cashback (USDT) =  Accumulated points × 0.002

    = [(1000 ARS/900) * 10 multiplier] × 0.002

    = 0.02 USDT

     

     

    For additional information on becoming a VIP, please refer to this article.

     

     

     

     

     

    Merchant Rebate in Points

    Additionally, we are thrilled to announce our collaboration with various merchants to introduce the following point rebate offers. VIP users are eligible for purchase rebates on the following products:

    • TradingView

    • ChatGPT

    • Netflix

    • Spotify

    • Amazon Prime

     

    Additional benefits rebates will be credited on the last day of every calendar month.

     

     

    Notes:

    • All rebates/rewards are given in the form of Rewards Points based on the equivalent value, and subject to the Maximum Monthly Cashback listed in the table above.
    • Rebates only apply for official website subscriptions and are paid using Bybit Card. Kindly refer to the respective product pages for price details.

    • Additional spending above the points cap will not accrue additional points.

    • Only apply to Crypto-funded transactions.  

     

     

     

    Example

    A VIP 2 user has 299.9 EUR Trading View transactions in a month. 

     

    As a VIP 2, user will get 2,999 points (299.9 * 10 multiplier)

    Receiving rebate from trading tools = 7,475 points

    Total point rewards = 2,999 + 7,475 = 10,474

     

    The user is awarded 10,474 points.

     

     

     

     

    We’ll continue to update the Bybit Card Rewards Program to ensure it’s relevant to you, so do check back here occasionally to learn more about how we’re making your Bybit Card transactions more rewarding!

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