Non-custodial Visa credit card that borrows against USDC/AVAX collateral on the Avalanche C-Chain.
The Avalanche Card is a non-custodial Visa credit card that allows crypto holders to spend digital assets directly. Users pledge USDC, USDT, AVAX, or WAVAX as collateral via smart contracts on the Avalanche C-Chain for a revolving credit line at any Visa merchant. With zero fees and 0% APR, users maintain full self-custody of their assets while accessing traditional payment infrastructure.
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Crypto-first users spending USDC/USDT with 1:1 collateral efficiency on the Avalanche C-Chain.
You need ATM access or live in 16 excluded US states.
{"title":"Basic Information","sections":[{"title":null,"content":"The Avalanche Card operates through a self-custody smart contract system on the Avalanche C-Chain, allowing users to maintain control of their digital assets while accessing spending power through a credit line backed by their crypto collateral. Unlike traditional credit cards, the Avalanche Card offers 0% APR on purchases with no annual fees. The card enables users to spend against their AVAX, USDC, sAVAX, and more, though the officially confirmed collateral assets at launch are AVAX, USDC, USDT, and wAVAX. Legally structured as a 0% APR credit card secured by crypto collateral, the Avalanche Card is sometimes described by media outlets as offering a \"debit-like\" experience because cardholders are spending against their own assets. However, it operates on a statement-based billing cycle with credit card mechanics rather than direct debit functionality.","points":[{"key":"Card Name","value":"Avalanche Card"},{"key":"Card Network","value":"Visa"},{"key":"Card Type","value":"Credit Card"},{"key":"Card Issuer","value":"Third National, Inc. (\"Third National\")"},{"key":"Launch Date","value":"Announced October 2024, fully operational February 2025"},{"key":"Card Format","value":"Physical (red matte plastic with EMV chip) and virtual cards"},{"key":"Mobile Wallet","value":"Apple Pay and Google Wallet supported"},{"key":"Merchant Acceptance","value":"All merchants accepting Visa payments worldwide"}]}]}
Available in 173 countries including many U.S. states (34 eligible), Latin America, and the Caribbean. Restricted in 17 countries. US: Not available in 16 states (Arizona, Delaware, Georgia, Idaho, Louisiana, Maryland, Nevada, New Mexico, North Dakota, Ohio, Oregon, Rhode Island, South Dakota, Vermont, Washington, Wisconsin).
Risk note. If provider disappears, unliquidated collateral remains accessible to users; only pending or settled fiat amounts are at risk.
Legally structured as a 0% APR credit card secured by crypto collateral. Statement-based billing cycle with credit card mechanics.
User feedback from early adopters has been generally positive, with users praising instant Apple Pay provisioning and lack of issuance fees. Some confusion about fee discrepancies. Reddit posts from February-April 2025 show positive reception.
Crypto-first users who want to spend their digital assets without converting to fiat first, stablecoin holders seeking 1:1 spending power, AVAX holders seeking practical spending utility, underbanked individuals in eligible regions, privacy-focused consumers who appreciate no credit bureau reporting, and self-custody proponents who want to maintain control of their digital assets.
The Avalanche Card represents a significant advancement in bridging cryptocurrency assets with traditional payment infrastructure. As one of the first non-custodial, collateral-backed Visa credit cards, it offers a compelling solution for crypto holders seeking to utilize their digital assets in everyday transactions without surrendering custody. The card's zero-fee structure for issuance, maintenance, and monthly account fees, combined with 0% APR on purchases and an active AVAX rewards program, makes it particularly attractive for stablecoin holders who can essentially access fee-free USD spending power with 1:1 collateral efficiency. AVAX holders face a trade-off with the 50% collateral requirement but still gain practical spending utility while earning rewards on purchases.
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