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    Introduction to Bybit Card Rewards
    bybit2024-10-31 14:45:10

    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. The points not only can be exchanged for various items such as bonuses, coupons, 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: 

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

     

    Amount Spent

    Points Earned

    1 EUR/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.

     

     

     

    Example

    With 100% cashback, $1 or local currency equivalent = 500 points only on selected merchants

     

    Transaction 1:

    • A VIP 1 User paid for Spotify Premium Individual Plan for €11.99/month.

    • As a VIP 1 user, he will get 5,995 points after using his Bybit Card (11.99*500).

     

    Transaction 2:

    • This user then spent €49.90 on Amazon Prime

    • As a VIP 1 user, he will get 24,950 points (49.90*500).

     

    Transaction 3:

    • After that, the same user spent €15.99 on Netflix

    • As a VIP 1 user, he would normally get 7,995 points as he used his Bybit Card (15.99*500). However, due to the monthly point limit restrictions of 37,500, he will receive 6,555 instead, and will hit the monthly point limit.

     

    Transaction 4:

    • Then, this user spent €500 in retail stores

    • As a VIP 1 user, he would normally get 5000 points for paying with his Bybit Card (500*10).

    • However, due to monthly point limit restrictions of 37,500, he receives 0 points instead as he had hit the monthly point limit in Transaction 3.

     

     

     

    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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