Good
- 2% bitcoin cashback on purchases paid with crypto
- No issuance, shipping or maintenance fee, physical or virtual
- Foreign purchases skip Argentina's 30% tax perception
- Apple Pay and Google Pay on new cards with NFC
Watch out
- 0.5% conversion fee on every peso purchase paid with crypto
- Cashback capped at ARS 30,000 a month
- Purchases in foreign currency earn no cashback
- No ATM withdrawals, only cash at participating shops
Lemon Card is a free Visa prepaid card from Lemon Cash, an Argentine crypto app, and it pays 2% back in bitcoin on purchases you pay with crypto. There is no card or maintenance fee, but each peso purchase paid with crypto carries a 0.5% conversion fee, and cashback is capped at ARS 30,000 a month.
The card is only for people with an Argentine ID, and it spends either pesos or the crypto you hold in Lemon, including digital dollars, bitcoin and ether. You choose the main currency in the app and a backup currency for when the main balance runs out, so every amount on this page is in Argentine pesos.
Lemon Card cashback
Lemon Card pays 2% back in bitcoin on purchases paid with crypto, and 0.25% on purchases paid with pesos, up to ARS 30,000 of cashback each calendar month.
The 2% is what makes the card worth having, so it pays to set your main currency to a stablecoin or bitcoin instead of pesos. Since September 1, 2026, peso payments earn only 0.25%, down from 0.5%, which is close to nothing on a normal monthly budget.
The ARS 30,000 cap is reached after ARS 1.5 million of crypto-funded spending in a month, which is far more than most cardholders put through a prepaid card. Below that, the reward is simple to work out: ARS 500,000 of crypto purchases earns ARS 10,000 in bitcoin.
Purchases in a foreign currency earn no cashback at all, and neither does the cash you take out at a shop till. Payments above ARS 10,000 also give you tickets for Lemon's monthly prize draws, which are separate from the cashback.
Lemon Card fees
Lemon Card has no fee to order, ship or keep the card, and the main cost is a 0.5% conversion fee when you pay a peso purchase with crypto.
That fee cuts the 2% cashback to an effective 1.5%, so ARS 500,000 of crypto purchases costs ARS 2,500 in conversion and returns ARS 10,000 in bitcoin, leaving you ARS 7,500 ahead. Paying with pesos avoids the fee, but then the cashback falls to 0.25%.
Abroad, Lemon Card purchases in foreign currency don't pay the 30% income tax perception, according to Lemon. Paying from a digital dollar balance is processed one to one against the dollar, and paying with BTC or ETH costs 0.3% to convert. Funding a foreign purchase from pesos is the expensive route, with a 0.5% fee and the dollar bought at 3.5% above the price in the app.
Digital services billed in dollars, like streaming subscriptions, still carry 21% VAT plus a provincial gross income tax of 2% to 4%. The daily purchase limit can be set anywhere from ARS 5,000 to ARS 12 million in the app.
Lemon Card ATM withdrawal fees
Lemon Card can't be used to withdraw cash at ATMs, in Argentina or abroad.
Instead, Lemon Card lets you ask for pesos at the till of participating shops when you buy something there, even a small item. Lemon doesn't charge for this, but the shop may set a lower limit than Lemon's, and the cash portion doesn't earn cashback. Lemon publishes a map of the participating shops on its help centre.
Is Lemon Card safe?
Lemon Card is custodial: the crypto and pesos you spend sit in your Lemon account, and Lemon holds them for you.
The company behind the app, Bay Treasure Caramel S.A., is registered as a virtual asset service provider (No. 162) with the Comisión Nacional de Valores, Argentina's securities regulator. Lemon publishes a proof of reserves page for the crypto it holds. Money in the Lemon payment account isn't a bank deposit, so it isn't protected by the guarantees that cover accounts at Argentine banks.
You can pause the card from the app at any time, and card details for online payments are shown only after a fingerprint, face scan or the app PIN.
Who should get Lemon Card
Lemon Card suits Argentine residents who already keep savings in digital dollars or bitcoin and want to spend them in pesos without first selling on an exchange.
For that user the card returns an effective 1.5% after the conversion fee, and with no card or maintenance fee there is nothing to lose by holding it. It's also a cheap way to pay abroad, since foreign purchases skip the 30% perception and a digital dollar balance converts one to one.
If you mainly spend pesos from a salary, the 0.25% cashback is too small to matter, and if you need ATM cash on a trip, you'll need a second card. The comparison below shows the alternatives available in Argentina.
Where Lemon Card is available
Lemon Card is available only in Argentina, to adults with an Argentine ID and a verified Lemon account, but the card works at Visa merchants worldwide.