Define your credit limit by sending collateral

To set up your Reap account, begin by activating your Reap card by setting your credit limit.

The credit limit is directly proportional to the amount of the collateral that you make to Reap. For example, if you want a credit limit of 10,000 USD, you should send an equivalent amount with Reap as collateral.

⚠️⚠️ Please note that we will only be able to accept collateral sent from bank accounts with the same name as your registered entity in Reap. Please do not send collateral from your personal bank account.

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Do I have to send colllateral into my Reap account before I can start using my Reap Card?
Yes, you must. By transferring funds to your Reap account, you establish your credit limit. This determines the spending power of your card.
What currencies can I use to send funds to Reap?
Reap supports the following currencies:
- HKD
- USD
- USDT (via Ethereum, TRON, Polygon, Solana)
- USDC (via Ethereum, Polygon, Solana)
After sending funds into Reap, do I still need to repay Reap to settle my balance by the end of each billing cycle?
Yes, you still have to settle the monthly balance. However, you can either add new funds to settle the bill or use the amount you've sent into Reap as collateral to settle your balance. A repayment fee will be applied if you choose to repay using your collateral. (Click here to understand more about monthly repayment)
How long does it take for Reap to reconcile my fund in, so I can use my card?
The reconciliation process takes 15 minutes. Immediately after, you'll receive an email notification from us, and you can start using your Reap card for purchases.
Where can I find the address to send my collateral?
Once you've selected your funding method for your Reap account, we'll provide the designated address (for all stablecoin funding) or a bank account (for Fiat funding) to send your funds to.