Bitpanda's Visa card spends from a EUR account across 600+ assets, and its own marketing promises "up to 2%" cashback while the published base rate is 1% on crypto spending. The gap between those two numbers is the first thing worth reading carefully.
What is on file
Two entries: the 1% cashback on all crypto spending, and a Tell-a-Friend ladder of up to EUR 100 per person (EUR 200 jointly), where the first EUR 5 unlocks at the friend's EUR 500 invested and the rest steps up from there.
Why the rate matters more than the referral
1% is the floor rate of the crypto-card market, not the top. Cards in this category reach 2-4% on selected categories and then fall back with caps - Bitpanda's "up to 2%" describes that ceiling, not what an ordinary grocery run earns. If cashback is your reason to apply, compare the tier tables of the cards in this section before ordering.
How to claim it
Order the card in the Bitpanda app, load the EUR account, spend. The referral is a separate flow: the friend needs your link and has to invest before the tiers unlock - a signup alone pays nothing.
Watch-outs
- EUR account, not a crypto wallet. Assets are sold on spending; you hold the platform's balance, not keys.
- Tier steps are slow. EUR 500 invested for the first EUR 5 - the ladder only makes sense if the friend was going to invest anyway.
- Cashback can carry region and category limits. Check the fee schedule in the app before relying on the rate.