The PEXX Card is a virtual debit card linked to a PEXX account. PEXX holds the funds, and purchases come directly from the account’s main balance. All cardholders earn 1% in PEXX Points with no cap. Fees and risks are covered below in What to know before applying.
What is the PEXX Card? Company background
PEXX was founded by Marcus Lim in 2024. Its operating company is Australia’s PEXX Technology Pty Ltd, which says it is registered with AUSTRAC for digital currency exchange and remittance services. On 16 July 2024, PEXX announced a US$4.5 million seed round led by TNB Aura, with Antler and EMO Capital participating.
PEXX started out converting stablecoins to fiat for remittances. It now offers USD accounts, stablecoin wallets, Earn, cross-border remittances and this card. For another way to pair a stablecoin USD account with a card, see the KAST Card application guide.
The PEXX Card is a debit card. You apply for the virtual card in the PEXX app. A third-party issuer provides the card, and PEXX discloses the issuer and terms only just before the card is issued.
PEXX is a custodial service: PEXX holds crypto assets on your behalf, while fiat balances are held at partner banks. PEXX is not a bank and is not covered by Australian government deposit protection. If a partner bank fails, you could lose some or all of your balance.
For a full comparison, see the PEXX Card review and comparison, or compare it with other cards in the crypto card comparison.
PEXX Card rewards: 1% in PEXX Points
There is one reward rate for the PEXX Card, available to all cardholders with no extra fee or staking requirement.
| Item | All cardholders |
|---|---|
| Application requirement | Pass PEXX verification |
| Reward rate | 1% in PEXX Points on eligible spending |
| Rewards cap | No cap on points earned from card spending |
| Reward format | PEXX Points, valued at 1 US dollar per 100 points; no cash value and cannot be transferred to another person |
| Redemption | Convert to HeyMax Max Miles for free at 2 points to 1 mile; credited instantly, with no expiry for points or miles |
| Annual fee | 0 |
| Card issuance fee | — |
| Foreign currency fee | — |
When you convert points to HeyMax miles, PEXX shares your email address with HeyMax and creates a HeyMax account for you. Most HeyMax partners require at least 1,000 miles before you can transfer them. Conversion is one-way.
PEXX Card fees
- Annual fee: 0.
- Top-ups: You do not need to top up the card; it spends from your PEXX main balance.
- Crypto deposits: PEXX charges no receiving fee. Supported assets are USDT (Tron, Polygon, BSC, Ethereum, Solana) and USDC (Base, Arbitrum, Ethereum, Polygon, BSC, Solana).
- USD account deposits: ACH costs US$0.50 plus 0.1%, Fedwire US$20 plus 0.1%, and SWIFT US$30 plus 0.1%.
- Crypto asset balances: No custody, account or inactivity fees while holding assets.
- Crypto withdrawals: Pay the blockchain network fee plus the withdrawal fee shown in the app.
- Disputes: An unsuccessful dispute may incur a US$25 fee. Disputes must be filed within 120 days.
For how these fees compare with other cards, see PEXX fees in detail.
What to know before applying
- The PEXX card programme changed several times in 2026: all Visa cards were discontinued in January, Mastercard was discontinued in April, a new Mastercard launched in July, and the programme description was rewritten on 6 October to expand availability to 68 countries of residence.
- The issuer is not disclosed until just before the card is issued. PEXX is not a bank, funds are held in custody, and there is no deposit protection.
- Some merchants, such as those in high-risk categories, and some countries may not be supported. In April 2026, PEXX warned that people were impersonating the company on social media and messaging apps to promote fake investments. Use only information in the app and on the official website.
How to apply for the PEXX Card (where to enter the invite code)
Your PEXX account must be verified first. You will also need to complete card KYC when applying for the card.
- On the same phone you will use to install the PEXX app, open this article’s referral link (the button above). The invite code
XQHYJis already included in the link. You must install the app on that phone for the code to apply; it cannot be added later. - Follow the link to the App Store or Google Play to download the app. Sign up with your phone number and complete account KYC.
- Open the app, tap Cards in the bottom menu, then tap Activate your card.
- Follow the instructions to complete identity verification with the card partner: an identity document, a selfie and proof of address. The country on your proof of address must be on the supported list.
- Wait for review; the screen will show “Card activation in review.” Once approved, you get the card in about 5 to 10 minutes. Applications referred for manual review are usually processed within 1 to 2 business days.
Using the PEXX Card in Taiwan
Taiwan is on the official list of supported locations. Eligibility is based on country of residence and checked during identity verification. Residents of countries outside the list cannot get the card, but can still use PEXX’s other services.
You can add the card to Apple Pay or Google Pay by tapping Add to Apple Wallet or Add to Google Pay in the app. It cannot be added to JKoPay, which only accepts credit cards issued by its partner banks in Taiwan.
Some online payments require 3D verification with Face ID or a passcode in the app.
