Nexi — Carta di credito Carta Nexi (Classic)
A plan byNexi — Carta di credito · Visa/Mastercard
The Nexi credit card (applied for directly with Nexi Payments) comes in three tiers — Carta Nexi/Classic at €40/year, Nexi Prestige/Gold at €150, Nexi Excellence/Black at €250 — on your choice of Visa or Mastercard network. It can work as a charge card (no interest if paid in full) or revolving. It is a widely accepted card but with no native cashback, and a 2.5% FX fee on foreign-currency purchases that makes it expensive for frequent overseas spenders.
Carta Nexi (Classic)
What's included
- Maximum annual fee €40 · choice of Visa or Mastercard network
- Charge (0% nominal rate if paid in full) or revolving/optional
- FX 2.5% (network rate + Nexi fee) · cash advance max 4.80%
- Free iosi loyalty (iosi PLUS €19.50/year) · no native cashback
- Higher tiers: Nexi Prestige €150/year · Nexi Excellence €250/year
Data & conditions
| Network | Visa/Mastercard |
|---|---|
| Card type | Revolving credit |
| Backing | Unsecured |
| Issuing bank | Nexi Payments S.p.A. |
| Issuance fee | Free |
| Annual fee | €40/year |
| Free ATM limit | Cash advance: maximum fee 4.80%, minimum €0.52 (euro/EEA area) or €5.16 (non-euro area); advance limit 20% of the monthly ceiling |
| ATM withdrawal | 4.8% |
| FX markup | 2.5% |
| Cashback | Not disclosed |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | EEA · 1+ countries |
| Funding / solidity | Carta di credito consumer del primo paytech italiano · Visa o Mastercard, tre livelli |
| Regulator | Banca d'Italia (vigilanza istituti di moneta elettronica) |
| Segment | B2C |
| Funding / solidity | Consumer credit card from Italy's leading paytech · Visa or Mastercard, three tiers |
| MiCA / License status | Istituto di moneta elettronica (IMEL) · emissione carte di credito Credit card on an IT e-money (IMEL) licence (Bank of Italy) |
Strengths
- Choice of Visa or Mastercard network, widely accepted in Italy and abroad
- Dual nature charge or revolving: used as a charge card it accrues no interest (0% nominal rate)
- No late-payment default interest; capped, transparent late fees (€20/€30/€40)
- Leading Italian issuer (Nexi) with management app and free iosi loyalty programme
- No notable sovereignty advantage documented.
Weaknesses
- 2.5% FX fee on foreign-currency purchases, high versus fee-free cards
- Non-negligible annual fee (€40 base, up to €250 Excellence) and no native cashback
- Expensive cash advances (max 4.80%, min €0.52 euro area / €5.16 non-euro) and high revolving APR disclosed only in the contract's SECCI
- Traditional credit card: not self-custody — the account requires full KYC, a credit check, and can be closed or reported to credit bureaus by the issuer.
- Full KYC required: verified identity, zero pseudonymity.
- Funds can be frozen at the platform’s discretion.
- Subject to regulation (Credit card on an IT e-money (IMEL) licence (Bank of Italy)): reporting to authorities and freezes on order.
- FATF-aligned jurisdiction: strong cooperation with authorities.
Verdict
The Nexi credit card is a reliable, widely accepted instrument from a leading Italian issuer, and used as a charge card it costs no interest. On the protection front, though, it stays in the lower band: the 2.5% FX fee is high, there is no native cashback, the fee starts at €40 and rises to €250 on premium tiers, and the revolving APR is not transparent in the Information Sheet alone. Fine for those wanting a classic bank credit card, less so for foreign-currency spenders or perk-seekers.
A credit card is a credit line, not custody of funds: there is neither self-custody nor a user balance here. It remains a fully tracked and censorable instrument — full KYC, a Nexi Payments (Italian e-money institution) issuer that profiles transactions and can suspend the line. On the sovereignty lens it is the opposite of trustless tools: no anonymity, no censorship resistance.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
How much does the Nexi credit card cost?
It depends on the tier: Carta Nexi (Classic) has a maximum annual fee of €40, Nexi Prestige (Gold) €150 and Nexi Excellence (Black) €250. There is no native cashback; the iosi loyalty programme is free, iosi PLUS costs €19.50/year.
What fees apply to spending abroad?
Foreign-currency purchases carry the Visa/Mastercard exchange rate plus a 2.5% Nexi fee. Cash advances cost up to 4.80% (minimum €0.52 in the euro area, €5.16 outside).
Sources
- Official service page Data verified on Jul 12, 2026