Bitget Wallet Card assetback pays in BTC, gold or stocks
Bitget Wallet Card calls its rewards programme assetback rather than cashback, and the word change is not only branding. The percentage is credited in one asset the cardholder picks: Bitcoin, gold, tokenised US stocks including NVIDIA, Google and Tesla, an S&P 500 product, or USDC.
The base rate is 2% and the 3% rate is conditional
All cardholders earn 2% by default. New users get 3%, and so do cardholders who reach a monthly spending threshold, which the card page states as a range of 200 to 400 US dollars of monthly spend rather than one figure. The current upgrade conditions and the reward limits sit inside the app, not on the public page.
A monthly cap exists. It turns up in the assetback rules as one of the three standard reasons a purchase earned nothing, alongside an excluded transaction type and a restricted merchant category. How large it is can only be read in the app.
That combination resists comparison from the outside. A card publishing 2% with a published monthly ceiling can be worked out on paper before applying. A 3% headline with an unpublished ceiling cannot, and the two can finish in either order depending on how much goes through the card in a month.
The reward asset is locked in for a calendar month
The reward asset changes once per calendar month, with a deadline of 23:59 UTC+8 on the last day. One choice therefore covers a full month of spending and is made before that month's total, or the point at which the cap stops the rewards, is known.
2% credited in USDC is 2%. 2% credited in Bitcoin or in a tokenised share is 2% of the purchase converted at the moment of crediting, and what it is worth when it is eventually spent is whatever that asset has done since. The headline rate describes the size of the credit, not its value later. Of the options on the list, USDC is the only one that behaves like a discount on the purchase that earned it.
Assetback is presented as covering the card's own costs
Bitget describes the reward as typically covering most top-up and currency conversion fees, which is a narrower claim than rewards paid on top of a card that is already free to use. The same passage adds that standard fees apply once the monthly assetback allowance is used up.
Those two sentences together describe a card that is cheap to spend on while the allowance lasts and ordinary afterwards. The heavier the spending, the earlier in the month that switch arrives, so the cardholders who cross it are the same ones the 3% tier is aimed at.
Cash-like transactions and six merchant categories earn nothing
ATM withdrawals, cash advances, P2P transfers, currency exchange, tax and government payments, gift cards and prepaid cards, and gambling are excluded as cash equivalents.
Six merchant category codes are named: 6011 for ATMs and cash disbursement, 6012 for investment and financial services, 6211 for securities brokers and dealers, 6513 for real estate and rent, 6532 for card-to-card transfers and account funding, and 7995 for gambling and casinos. The list is described as not exhaustive, and eligibility follows the merchant's category code at the time of the transaction rather than what the business looks like from outside.
6513 is the one to check before counting on the reward, because rent is usually the largest recurring payment a cardholder has, and a landlord or agency routed under a real estate code earns nothing at any tier.
PayPal splits by transaction type. Paying a merchant through PayPal generally earns; sending money to a person does not. Gift cards never earn, wherever they are bought.
A refund claws back only that purchase's reward
When a transaction is refunded or reversed, the assetback on that transaction is taken back and other rewards are left alone. A credit that looks wrong goes to in-app support with the transaction details, and Bitget states a response window of three to five business days.
Availability is wide, physical cards are not
The card covers 50+ countries and regions, including the EEA and the UK, ten Latin American markets, ten in Asia-Pacific, South Africa, Pakistan and Bangladesh. Physical cards are currently limited to Singapore, South Korea, Japan, Vietnam, Malaysia, Taiwan, Australia, Thailand and the Philippines, so everywhere else is a virtual card fronted by Apple Pay or Google Pay.
One detail outside the rewards programme belongs next to it. The card is attached to a self-custodial wallet, and losing access to that wallet leaves an activated card still able to spend while top-ups, withdrawals and account recovery all become impossible. Rewards accumulating in a wallet whose seed phrase is gone are rewards that cannot be moved.
Sources: Bitget Wallet Card, Assetback rules and limits.
