EtherFi Card
DeFi Banking Made Real
EtherFi Cash Card
Fee Structure
Monthly
$0
Transaction
~4% APR on borrowed amounts (interest)
FX Fee
~0% (standard Visa FX rates apply)
Issuance
$0
Supported Currency
USD (credit line in USD, collateral in crypto)
Network
Ethereum (Scroll L2 integration)
The Good
- Allows borrowing against staked crypto, preserving investments
- Self-custody of assets via smart contract wallet
- Up to 3% cashback rewards (in platform tokens)
The Bad
- “Borrow-on-swipe” model introduces liquidation risk
- Limited availability in U.S. (not yet global)
- Requires maintaining collateral and paying interest
EtherFi Card
The EtherFi Card is a non-custodial crypto credit card that lets you spend against your crypto holdings without liquidating them. It uses a “borrow on swipe” model: your staked assets (like ETH) serve as collateral, and the card automatically lends you fiat for purchases, keeping your crypto invested cryptocardhub.com . This sophisticated DeFi approach means no preset spending limit – your credit line scales with your collateral. Users maintain control of their keys in a Gnosis Safe wallet, though smart contracts manage the collateral and loan parameters cryptocardhub.com . The card offers up to 3% cashback, and charges no upfront fees, but incurs ~4% APR interest on the borrowed amounts. Currently available in select U.S. jurisdictions and expanding, EtherFi’s card is ideal for yield farmers and crypto investors who want to maximize capital efficiency, though they must monitor collateral to avoid liquidation risk cryptocardhub.com
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