The Next Evolution of Crypto Rewards: Fold’s New Visa Card
Fold Holdings, Inc. (NASDAQ: FLD) has officially begun issuing its highly anticipated Fold Bitcoin Credit Card to select waitlist members. This new financial product, issued on the massive Visa network and powered by Stripe Issuing, represents a major step forward in bridging traditional payments with digital assets.
How the Rewards Structure Works
Unlike traditional credit cards that offer confusing points or airline miles, Fold focuses entirely on satoshis. The card features a solid base rate of 1.5% bitcoin back on all transactions. However, users can boost their earnings through behavior-based incentives and targeted merchant offers within Fold’s partner network.
Additionally, cardholders who choose to pay their monthly credit card bill using bitcoin will receive an extra 0.5% back on that payment, encouraging a circular bitcoin economy.
Fold Bitcoin Credit Card Quick Specs
- Network: Visa (accepted at 175 million merchants worldwide)
- Infrastructure: Powered by Stripe Issuing
- Base Reward Rate: 1.5% back in BTC
- Maximum Reward Rate: Up to 4.0% via boosts and BTC bill pay
- Integration: Apple Pay, Google Pay, and physical card delivery
“Launching the Fold Bitcoin Credit Card marks a pivotal milestone for Fold. No gimmicks, complicated points systems or token rewards. Just a simple and transparent way to earn bitcoin on everyday spending.”
— Will Reeves, CEO of Fold
Seamless Integration and Security
The card is fully integrated into the Fold App, allowing users to track their rewards in real-time, manage security features like locking and unlocking the card, and set up instant fraud alerts. Users can also link their existing Fold Checking account or any external bank account to manage payments easily.
Physical cards are already shipping to active users, while new applicants will receive virtual cards immediately upon approval for instant use with digital wallets.
FAQ
What is the Fold Bitcoin Credit Card?
It is a Visa credit card issued by Fold and powered by Stripe that allows users to earn bitcoin rewards on everyday purchases instead of traditional points or cashback.
How much bitcoin cashback can I earn?
The card offers a base rate of 1.5% back in BTC, which can go up to 4% through targeted merchant offers, behavior-based boosts, and an extra 0.5% bonus for paying the card bill in bitcoin.
Where can the Fold card be used?
The card is accepted at over 175 million Visa merchants globally and can be added to Apple Pay and Google Pay.
