Gate is highlighting its Gate Card as a way for users to spend crypto directly at roughly 150 million Visa merchants worldwide without first converting their holdings to fiat currency ahead of time.
According to the exchange, the card supports spending in USDT, BTC, ETH, and Gate's own GT token, positioning it as a multi-asset alternative to the fiat-conversion step that typically precedes card-based crypto spending on competing products.
A Tiered Cashback Structure
Gate has paired the card with a rewards system spanning tiers T0 through T5, offering cashback rates between 1% and 8% depending on a user's tier. The exchange describes the monthly rewards structure as offering increasing benefits at higher tiers, though the exact qualification criteria for reaching each tier were not detailed in the announcement.
Direct-spend crypto cards have become an increasingly competitive category among centralized exchanges, with rivals including Bybit also promoting their own card products this week. Gate's pitch leans on both merchant reach, citing the roughly 150 million Visa acceptance network, and the multi-asset flexibility of spending BTC, ETH, USDT, or GT without a manual conversion step.
What It Means for Users
For holders who want to use crypto for everyday purchases without manually cashing out first, the appeal of a card like this is straightforward: broad merchant acceptance through the existing Visa network, combined with a rewards structure that scales with usage tier. Gate has not published the specific spending thresholds required to reach each of the T0-T5 tiers.
