Ascend Card

🛠️ How It Works: Ascend Card on the Credible App

The Ascend Card is Credible’s premier credit product built for Web3 creators, founders, high-volume users, and digital professionals. It unlocks dynamic credit backed by liquid staked tokens (LSTs)—offering premium spend power, rewards, and brand co-ownership with top ecosystems.

The Ascend Card is also co-brandable with partner protocols like BTC, 0G, Aethir, and SOL, allowing ecosystems to launch customized credit experiences powered by their native assets.

1. Register & Purchase Your Card

• 📧 Sign up using your email on the Credible App (iOS/Android)

• 🛒 Purchase your Ascend Card before KYC:

  • $20 for a virtual card

  • $50 for a plastic card

  • $200 for a premium metal card (ideal for co-branded editions)

• 💳 This one-time purchase activates your card tier and unlocks future staking

2. Complete KYC & Access the Dashboard

• 🪪 After purchase, complete KYC to activate your credit line

• 📲 Access a unified dashboard to manage limits, staking, rewards, and usage

• 💳 Your virtual card is issued instantly; physical card shipped for eligible tiers

3. Choose Your Collateral via Liquid Staking

• 🌊 Select a supported asset and stake through integrated providers

• 🪙 Supported assets: SOL, BTC, 0G, Aethir, stablecoins, and more

• 🔐 Liquid staked tokens (LSTs) are received and locked as collateral in Credible’s contracts

• ⚖️ Credit is issued at up to 50% LTV, depending on asset and protocol conditions

🔁 Example: SOL Co-Branded Card

• Stake 100 SOL through Jito, Marinade, or Sanctum

• Receive JitoSOL or mSOL as LSTs

• LSTs are locked with Credible and used to issue a $2,000 credit line

• Spend using a SOL-branded Ascend Card, powered by Solana and Credible

4. Spend, Earn, and Represent

• 💳 Use your card globally for online/offline purchases, business expenses, and crypto tools

• 🌐 Cards can be co-branded with partner protocols, giving communities access to branded rewards, airdrops, and custom perks

• 💰 Earn dynamic cashback in BTC and $CRED, with tiered rates based on spend and staking

5. Liquidation Protection & Transparency

• ⚠️ In case of price drops or delayed repayments:

  • You’ll receive a notification to top up or repay

  • A grace period is provided before collateral liquidation is triggered

  • All processes are transparent and managed by smart contracts

6. Unlock No-Collateral Credit Over Time

• 📈 Ascend Card activity feeds into your Credible Score

• 🧠 Responsible usage, timely payments, and collateral performance increase your score

• 🔓 High scores unlock larger credit lines, lower fees, and eventual no-collateral credit