Amp Black Card
by Futarchy Alpha Inc.
The Amp Black Card is a virtual-only Visa Secured Credit Card backed by Solana-based crypto collateral. It allows users to spend stablecoins without selling them immediately, using a credit line secured by the asset value. It features self-custodial security via smart contracts. The card is currently VIRTUAL ONLY. Physical cards are 'coming soon'.
Unique Features
- Credit limit equals collateral value (100% LTV)
- Instant liquidation if payment is 1 day late
- Self-custodial credit model
Pros
- No credit check required
- Self-custodial collateral
- 0% APR on purchases
- Works with Apple Pay and Google Pay
- Earn yield on collateral (via third-party protocols)
Cons
- Virtual only (Physical card not yet available)
- Rewards Expired (Currently 0%)
- High fees for International users
- Strict liquidation rules (1-day grace period)
Integrations & Tech
Available In (1)
Not Available In (9)
Fee Structure
Detailed Fee Structure
US: 1% FX, 2% Late Payment. International: Up to 3% FX, up to 3% Cross-Border, $35 Liquidation Penalty, $40 Late Payment
Detailed Limits
Spending limit determined by market value of collateral in linked wallet (100% LTV). Liquidation occurs if collateral drops below outstanding charges
Fee Details
FEES VARY BY REGION. US Users: 1% Foreign Transaction Fee, 2% Late Payment Fee. International Users: Up to 3% FX Fee, Up to 3% Cross-Border Fee, Up to $35 Liquidation Penalty, Up to $40 Late Payment Fee.
Limits & Conditions
Spending limit is dynamic, determined by the market value of the collateral in the linked wallet (100% LTV). A 'Liquidation Event' occurs if collateral value drops below outstanding charges.
Crypto Capabilities
Security & Custody
Supported Assets
