Alt Lending lets you borrow cash against your cards rather than having to sell them. Using your cards as collateral gives us the ability to offer loans at much more competitive rates than you might find with traditional loan products.

Why would I want a loan against my cards?

If it isn’t the right time to sell your cards, you can allow them to appreciate while getting money to spend on other parts of your life. You can use the cash to fix up your house, pay for a wedding, baby proof your apartment, or simply buy more cards.

How much can I expect?

Alt Lending may offer up to 40% of your collection value. The final amount offered will depend on the diversity of your card portfolio. For example, a collection with 100 cards will get a higher advance rate than a collection with one card.

What is the minimum and maximum loan size?

There is a minimum loan size of $25,000. For loans larger than $2 million, please reach out to your Account Manager or lending@alt.xyz for more information.

What if I disagree with the value of the cards?

All cards used as collateral for a loan are priced by our card experts, and larger value cards are priced by multiple experts. If you disagree with the value, you can have it removed from the cards being used as collateral.

Am I eligible where I'm based?

Please inquire to see if we are currently originating loans in your state. At this time, we do not originate loans outside of the United States.

What is needed in order to begin the loan process?

All customers must provide their US Social Security Number and home address.

What cards do you accept for loans?

We can only consider cards if they have the following features:

What happens to my cards if I use them for a loan?

All collateralized cards must be secured in the Alt Vault prior to finalizing a loan. If desired, you are welcome to still sell these cards on Alt via our Fixed Price Exchange or Auction. Sales proceeds may be applied to the loan if the loan-to-value ratio is above 40%.

Will I be allowed to choose which cards I want to include in my loan?

Yes, you will be allowed to select which cards you want to include in your loan prior to closing. You are not required to use all vaulted assets if you do not wish.

Will this impact my credit score?

Alt may perform a soft credit check prior to completing your loan. This will not impact your credit score.

How long does it take to complete the process and receive my money?

We can close in under a week if your cards are already in the Alt Vault. It may take several weeks should you need to ship your cards to the vault.

What are Alt’s financing options?

Alt Lending offers two rate options:

What is Secured Overnight Financing Rate (SOFR)?

SOFR is a global benchmark interest rate that is used to determine the “cost of borrowing.”

Are there any other costs associated with my loan?

Alt charges a 1% origination fee based on the loan amount extended.

Are there any costs if I repay my loan early?

No fees are imposed if you partially or fully repay your loan early. We will adjust future interest payments to be in line with your current outstanding loan balance if you choose to partially repay early.

How does my repayment schedule work?

All loans will have a term of up to 12 months from the date funded. Each month, you will make an interest only payment. Your final payment will be interest plus your full principal outstanding. You are welcome to repay principal early, if desired. All Lending customers are required to have a valid payment method on file in order to process the monthly loan payments.

How do I pay my interest and principal amount?

Each month, you will receive an email confirming your payment amount and due date. Lending customers are required to have a stored payment method on file, which will be automatically charged on the 14th of each month.

Payments outside of your regularly scheduled payments can be facilitated by reaching out to our team at Support@alt.xyz.

Can I change my stored payment on file?

Yes. You can change your payment method to any valid credit card or bank account as frequently as you wish.

When am I required to have my valid payment method on file for my loan?

All Lending customers have until March 13, 2025 to add a valid payment method to their account for monthly payment purposes.

My terms look great - now what?

Once you are ready and your cards have been vaulted, you will be emailed the loan agreement for you to review and e-sign.

How will I receive my funds?

Funds will be disbursed to your Alt account within 72 business hours after your contract is signed. You can withdraw these funds to your bank account at any time.

What if I want my card back?

Alt will evaluate each loan at the time of the request. Customers may be able to pay down a portion of their loan amount or substitute card(s). Please reach out to us if you wish to start this process.

What happens if my card portfolio value drops significantly?

If your outstanding loan amount exceeds 60% of the value of cards, Alt is within its right to sell your cards to pay down the loan. Alt will provide notice should your loan begin to approach this threshold. You will be given the opportunity to pay down your loan or pledge additional cards to avoid any liquidation.

What happens if I can’t make my payment?

Should you have trouble making your next monthly payment, please reach out to us so we can determine the best path forward. In these instances, we may need to sell some of your cards to bring your loan current.

What happens if my cards are liquidated?

While we do not ever want to sell your cards, this may happen if you are unable to repay your loan. In these instances, we will work with you and our internal teams to determine the best avenue to sell your assets. Once the cards are sold, we will pay off the remaining liability on your loan and deposit all excess proceeds into your Alt Wallet. We will not keep any profit from the sale of your cards.

My loan is due next month. What are my options?

Alt will reach out to you within a month of your loan maturity to present your options. We will provide details surrounding your options which may include:

For questions, please contact us through the messenger located in the bottom left corner of your browser, text us at (833)483-5949, or reach out to support@alt.xyz