The Future of Finance
  • BoF - The Future of Finance
  • Terminology
  • User Access
  • Account Verification
  • BoF Accounts
    • Earn Accounts
      • DeFi Earn Accounts
      • On-chain Real World Asset Earn Accounts
    • Spending Account
  • BoF Mastercard
  • BoF Smart Account
  • Account Abstraction
  • Features
    • Linking External Wallets
    • Profile Overview
    • External Wallet Overview
    • BoF Alerts
  • Market Neutral Yield Farms
    • Market Neutral Farming (Single Asset Borrow)
    • Market Neutral Yield Farming (Dual Asset Borrow)
    • Interest (Rewards)
    • Additional Features, Strategies and Technology
      • Impermanent Loss Protection - Debt Rebalancing
      • Anti-Liquidation Protection - Collateral Rebalancing
      • Keeper Technology
    • Variability of Borrowing Costs (Public Vs Private Money Market)
    • Impact of Collateralization Ratios on APRs
    • Volatility and Yield Farming
    • Variability of APR's
  • Defining Market Neutral Yield Farming
  • Lending
    • Interest (Rewards)
  • Smart Contract Audits
  • Security Assurance Audit
  • Risks
    • Multi-Protocol Risks & Risk Management
    • Third Party Protocol Information
    • Additional Risks
  • Disclosure Regarding Third-Party Provider Information
  • FAQ's
Powered by GitBook
On this page
  • A True DeFi Mastercard
  • Load Limits
  • What happens when I make a purchase?
  • Can I check to see the estimated amount of USDC required including fess before I make a purchase?
  • Can I cancel my card?
  • Debit Card Support

BoF Mastercard

Spend USDC anywhere Mastercard is accepted

PreviousSpending AccountNextBoF Smart Account

Last updated 1 year ago

BoF users are able to simply and easily create a digital Mastercard by either transferring or depositing funds to their Spending Account and clicking "Create Mastercard". Once a Mastercard has been created, the user can easily access the cards details by hovering over the Mastercard to reveal the "Show Card Details" button.

BoF digital Mastercard's are long life cards and are valid for 5 years from date of creation.

BoF's Mastercard offering is powered by and is combined with BoF's novel technology to deliver a seamless user experience and product offering.

A True DeFi Mastercard

Unlike other "digital asset" Mastercard's and VISA cards that are currently on the market, the BoF Mastercard settles transactions directly with the Mastercard Network in USDC. This is truly significant as it bypasses the need for any third party processor or bank to get involved in the settlement process.

Load Limits

When you transfer funds to your BoF Spending Account this is classified as a "Load" regardless if you spend those funds via your digital Mastercard or not. Withdrawing funds from your BoF Spending Account does not reduce your aggregated load value for that period.

Daily Load Limit: 5,000 USDC

Yearly Load Limit (365 day period): 100,000 USDC

These limits have specifically been put in place by Mastercard.

What happens when I make a purchase?

When a purchase is made the Mastercard Network first checks to see if you have available funds sitting in your unique smart contract (). If so, a currency conversion rate and any other associated fees are applied and the respective USDC amount is released for ultimate settlement with the Mastercard Network.

Can I check to see the estimated amount of USDC required including fess before I make a purchase?

Yes, using the Currency Calculator found within the "Account Info" section on the Spending Account tile on the BoF Dashboard, Users are able to see the estimated amount of USDC required inclusive of any currency exchange fees and other associated fees that may apply.

Can I cancel my card?

Yes, you can cancel your card at any time and create a new one instantly.

Debit Card Support

Support provided by card issuing partner .

Immersve
Spending Account
Immersve
Dispute one or more transactions on your card or account
Report suspected fraudulent activity on your account
Report a card as lost or stolen