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The Coverd Card is a no-interest Visa credit card with a twist: instead of a deposit or a traditional credit line, your spending is backed by a balance of stablecoins — think of them as digital dollars that always hold a value of $1 — kept in a secure wallet that Coverd sets up for you. There’s no annual fee, a 0% APR on purchases, and you earn cash back on what you spend.

It’s technically a credit card — it runs on Visa’s credit network — but it works more simply than a traditional one. Each purchase is automatically settled from the digital-dollar balance in your Coverd wallet, so you never carry a balance, get a bill, or make a monthly payment.

The Card is issued by Third National (the “Issuer”). Coverd is the technology provider and runs the rewards program — Coverd is not a bank, does not extend credit, and never holds your collateral. Full details are in the Cardholder Agreement.

You set aside a balance of stablecoins — digital dollars that always hold a value of $1 — in a secure wallet that Coverd creates and sets up for you. Your spending limit simply matches that balance: about $100 set aside gives you about $100 to spend. The wallet is yours — only you control it, and Coverd can never take the balance out from under you.

No. Coverd sets up and manages the wallet for you right inside the app, so there’s nothing technical to learn. Because the balance is held in digital dollars worth $1 each, the value you set aside stays steady — it doesn’t swing up and down like other digital currencies.

You don’t have to do anything — there are no bills, statements, or due dates. Each time a purchase settles, the matching amount is automatically drawn from your set-aside balance, so what you spend is always covered right away.

As you spend, your set-aside balance goes down and your available spending limit goes down with it. Whenever you want more room to spend, just add to your balance in the app — there’s nothing to pay back, since every purchase is already settled automatically.

Yes. Just give Coverd at least three (3) business days’ notice. Any recent purchases still settling will be covered from your balance first, and a balance added within three business days of your request may still be used to cover those.

No. The APR for purchases is 0.00%, there’s no annual fee, and no interest is charged on purchases. See the full disclosures in the Cardholder Agreement.

Almost none. The only everyday fee is a 1% international transaction fee on purchases made in another currency or outside the U.S. There are no annual, balance transfer, cash advance, or over-the-credit-line fees.

Every qualifying purchase earns Coverd Points at the Reward Rate in effect when the purchase is authorized. You can redeem Coverd Points for Coverd Cash or a statement credit. See live rates on the Reward Rates page and the details in the Rewards Program Terms.

Reward Rates vary by spending category and purchase size, and they’re set for each hour — so they can change throughout the day, with some categories and windows going well above the base rate. It’s your responsibility to check the Reward Rates page before a purchase to confirm the current rate.

Qualifying Purchases exclude things like cash and cash equivalents, gift cards, crypto purchases, person-to-person transfers (Venmo, Cash App, Zelle, PayPal “send money”), gambling, tax payments, loan and balance-transfer payments, and any returned, refunded, or disputed transactions. The full list is in the Rewards Program Terms.

Yes — your monthly limit (the “Rewards Cap”) is set by your own spending. In any one statement period you can’t earn more than 100 Coverd Points for each dollar of Qualifying Purchases on your prior statement. For your first month, before there’s a prior statement to measure, we start you at 50,000 Coverd Points — and the cap never drops below that 50,000-point floor in any later period either. See the Rewards Program Terms for details.

You must be 18 or older (or the age of majority in your state) and a resident of one of the 50 U.S. states or the District of Columbia.

You can apply online in just a few minutes — just tap Apply for Card to get started.

Coverd may report account information to consumer credit reporting agencies, as described in the Cardholder Agreement. Because every purchase settles automatically from your set-aside balance, there are no monthly payments to miss.