We're working hard to launch the Connect Financial customer portal. In the meantime, you can stake CNFI, join the waitlist and stay up to date.


Your Connect Financial credit card does not require the lengthy credit approvals and potential damage on your credit score that many traditional credit card solutions are known for.

Instead, you select your own credit limit based on the collateral that you store in your linked Collateral Wallet. In this system, you leverage the spending power of your crypto without selling your digital assets.

How much credit am I eligible for?

Your credit limit is based on two things:

  1. Your card tier

  2. The balance of your linked collateral wallet

Card Tier

CREDIT CARD MIN/MAX CREDIT LIMITS

Card tier

BASIC

SILVER

GOLD

PLATINUM

BLACK

Minimum credit limit

$500

$500

$1,000

$5,000

$20,000

Maximum credit limit

$5,000

$20,000

$50,000

$250,000

$1,000,000

Collateral wallet balance

Your eligible credit is based on the amount and type of the asset that you are depositing as collateral in your linked wallet.

The required collateral amount uses a Loan to Value (LTV) calculation. The LTV depends on the asset, or combination of assets that you are using to provide collateral.

ELIGIBLE COLLATERAL & LTV

Asset

Example

Loan to Value (LTV)

Equivalent USD amount required for $1000 credit

Cryptocurrency

BTC, ETH, LTC

up to 50% LTV

$2,000

Stablecoins

USDT, USDC

100% LTV

$1,000

Fiat currency

USD$

100% LTV

$1,000

You can combine different collateral types within the same wallet.

For example, Lucy wants a $15,000 credit limit on her card. She sees that she can choose from a Silver, Gold or Platinum card. She chooses a Gold card and stakes the required 20000 CNFI tokens.

She then decides that she would like fund her collateral wallet with a combination of BTC and ETH (50% LTV). She deposits $20,000 of BTC and $10,000 of ETH to make up the $30,000 of collateral required to cover a $15,000 credit limit.

Learn more about signing up for a card.


How can I change my credit limit?

You can apply for a higher credit limit, or decrease your credit limit in the Card section of your Connect Financial account.

Once you have selected your desired credit limit, you will be asked to either add more collateral to your linked wallet, or -- in the case of a credit limit decrease -- you will be able to withdraw excess collateral.

You can only change your credit limit within the min/max range of your credit card tier. You can always upgrade to a higher tier by staking more CNFI in the Customer Portal.

MINIMUM & MAXIMUM CREDIT LIMITS PER TIER

Card tier

BASIC

SILVER

GOLD

PLATINUM

BLACK

Minimum credit limit

$500

$500

$1,000

$5,000

$20,000

Maximum credit limit

$5,000

$20,000

$50,000

$250,000

$1,000,000


How does the changing value of my crypto balance affect my credit limit?

Cryptocurrencies can go through periods of volatility, and there may be times where your collateral balance needs to be adjusted. To ensure that you have sufficient collateral to cover your line of credit, Connect Financial may convert some or all of your crypto balance into stablecoins. This is considered an extraordinary event and only takes place in major downward market shifts.

As the market moves, we monitor your credit limit, collateral, and charges against on your account.

When you apply for a credit card and choose to fund with crypto (BTC, LTC, XRP, etc), you will start with ~50% loan-to-value (LTV). When you start crossing the 70% LTV mark, you will start getting notices either via text, email, or eventually push notifications from our app. When your LTV crosses ~83%, your collateral will start to be liquidated to cover expenses, and your available credit will start to be temporarily reduced.

If you have multiple coins making up your collateral balance (e.g. BTC, ETH and LTC), we preferentially liquidate the assets most affected by a market downswing. This preferential treatment has the effect of preserving your most valuable assets.

COLLATERAL REQUIREMENTS

Asset

Example

Loan to Value (LTV)

Equivalent amount required for $1000 credit

Cryptocurrency

BTC, ETH, LTC

50% LTV

$2,000

Stable coins

USDT, USDC

100% LTV

$1,000

Fiat currency

USD$

100% LTV

$1,000

Here’s an example of how this might work:

Let's say that you applied for a $10,000 credit limit, and you wanted to fund your wallet with BTC to provide the collateral for the card.

To reach the required collateral for your $10,000 limit, you deposit the required $20,000 of BTC (50% LTV).

In this example, the value of BTC drops by 30%. Your $20,000 of collateral is now worth $14,000. We will contact you and suggest that you add more collateral to your wallet.

In this example, the value of your BTC continues to fall and is now worth $12,000. You no longer have sufficient collateral to cover the credit limit. At this point, we will convert a portion of your BTC into stablecoins in order to rebalance your required collateral and maintain your credit limit.


Can I withdraw my collateral?

When you load collateral onto your linked wallet, we extend a line of credit based on the type and amount of asset staked:

  • Crypto - up to 50% of staked value

  • Stable coins - 100% of staked value

  • Fiat currency - 100% of staked value.

You need to keep the required level of collateral in your account at all times to maintain your credit limit.

If the digital asset that you used to fund your collateral wallet appreciates, you will be able to withdraw the 'excess' collateral (or use it to pay your bill). You can rebalance your collateral once every 90 days.

Contact our support team for more information about accessing some of the collateral in your wallet.

Alternatively, you can access your collateral by reducing the credit limit on your card.

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