Stelrix, a fintech company building real-time secured lending infrastructure for modern investors, has announced the launch of the first real-time secured credit card backed by investments, allowing everyday investors to access liquidity from their portfolios without selling assets or taking on traditional margin risk.
U.S. credit card debt has reached an all-time high of $1.2 trillion, shackling millions of Americans in high-interest cycles and eroding credit scores. Stelrix, founded by 21-year-old Colin Sahagun, is not only the first investment-backed credit card but a move to put financial power back in the hands of everyday Americans.
Stelrix removes the traditional barriers to portfolio-backed lending, which typically require minimums of $100,000 or more and lengthy approval processes. The platform continuously monitors users' brokerage holdings and adjusts credit limits in real time based on portfolio value and risk, updating every few milliseconds.
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