The Lemon Card earns 0.1-2% BTC cashback on a Visa debit card with no annual fee, available in Argentina/Peru/Colombia.
Lemon (Lemon Cash) is an Argentine crypto fintech founded in 2019 by Marcelo Cavazzoli, headquartered in Buenos Aires, that offers a wallet, exchange, and prepaid Visa card for users across Latin America. The company raised a Series B led by US funds F-Prime and ParaFi.
The Lemon Card is a crypto debit card offered by Lemon Cash, available in Argentina/Peru/Colombia. It offers 0.1-2% BTC cashback across 5 reward tiers, giving users the ability to earn higher rates as they increase their commitment. There is no annual fee to hold this card.
Best suited for Bitcoin holders who want to stack sats on everyday spending. It runs on the Visa network and requires standard identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Compare more options in our best crypto cards in Latin America guide. See where it ranks among the best crypto debit cards.
| Tier | Rate | Requirement |
|---|---|---|
| Argentina Peso | 0.25% | Pay with ARS in Argentina, capped at ARS 30,000 cashback per calendar month. Cut from 0.5% to 0.25% effective 1 September 2026, as Lemon published in advance. Foreign-currency purchases earn no cashback |
| Argentina Crypto | 2% | Pay with crypto in Argentina (0.5% commission applies at purchase), capped at ARS 30,000 cashback per calendar month. Foreign-currency purchases earn no cashback |
| Peru Sol | 0.1% | Pay with PEN in Peru (rate not published on any current Lemon page; unverified) |
| Peru Crypto | 1% | Pay with crypto in Peru (rate not published on any current Lemon page; unverified) |
| Colombia | 0.4% | All purchases in Colombia, paid back in digital dollars (per lemon.me/co); no cap published |
On $500/mo spend, the estimated monthly cost breakdown for Lemon Card is: gas $0.00, conversion spread $2.50, flat transaction fees $0.00, and amortised card/tier fee $0.00, for a total drag of 0.5% of spend. After $10.00/mo cashback that nets a gain of about $7.50/mo ($90.00/yr). Lemon Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Note: LATAM's leading crypto card. Rates differ by country: Argentina 0.25% ARS (cut from 0.5% on 1 September 2026) / 2% crypto; Peru 0.1% PEN / 1% crypto (per official Lemon help centers). Argentina 30,000 ARS/mo cap (per Lemon's help centre, 2026-08-30); Peru 75 soles/mo cap. Card auto-sells crypto to ARS at point of sale (0.5%); the separate ~1% conversion fee applies to on-platform crypto purchases, not card spend. Peru launch in 2025 via Pomelo-powered Visa card, 250K+ cards issued in Peru, projecting 2M Peruvian users by end of 2026. $20M Series B (mid-2026) led by F-Prime Capital and ParaFi. Lemon briefly offered the card in Brazil (launched with Pomelo, August 2026) and disabled it on 30 September 2026 when it exited Brazil; lemon.me/br says Brazilian crypto balances convert to reais from 15 November and accounts close on 1 December, while Argentina, Colombia and Peru continue. Lemon's card page adds prize-draw tickets for each payment over ARS 10,000, on top of the cashback. The Peru 75 soles cap and Peru user projections are not on the current Peru page. COLOMBIA: lemon.me/co (read 2026-10-04) offers the VISA Lemon Card with 0.4% back in dollars on all purchases ("el equivalente al 4x1000") and a "Pide tu VISA Lemon Card" button; Colombian press reported a waitlist in March 2026 ahead of a broader rollout, so issuance volume there is unconfirmed. Lemon also launched Argentina's first Bitcoin-backed Visa credit card (Jan 14, 2026); deposit 0.01 BTC as collateral for up to ~1M ARS credit line, with USDT/USDC/DAI/ETH collateral support added.
Other crypto cards in the same region or category that may suit your spending profile:
The Lemon Card is a crypto debit card offered by Lemon Cash. It is available in Argentina/Peru/Colombia and allows users to spend cryptocurrency at merchants worldwide.
The Lemon Card offers 0.1-2% BTC cashback. There are 5 tiers: Argentina Peso (0.25%), Argentina Crypto (2%), Peru Sol (0.1%), Peru Crypto (1%), Colombia (0.4%).
The Lemon Card has an annual fee of $0. Additional fees: Conversion fee: 0.5% (card auto-sell to ARS); FX fee: Argentina: USD purchases settle 1:1 from USDC/USDT, 0.3% from other crypto, and from pesos 0.5% plus USD stablecoin priced 3.5% above the app rate; other currencies are converted to USD at the Visa rate. Peru: BCRP selling rate plus 3%.
Yes. Lemon Cash requires standard identity verification (KYC), typically a government-issued ID, during signup.
The Lemon Card is available in Argentina/Peru/Colombia.
The Lemon Card is a debit card. You need to load cryptocurrency onto the card before making purchases.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level, or compare cards side by side.