A U.S.-issued custodial Visa prepaid debit card earning gamified Bitcoin rewards.
The Fold Card is a U.S.-issued Visa prepaid debit card that enables users to earn Bitcoin rewards on everyday purchases. Designed for people interested in passively accumulating Bitcoin, rewards are earned via a gamified spin wheel after transactions, with a premium Fold+ tier providing guaranteed base rates and special Merchant Boosts.
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U.S. residents who enjoy gamified rewards and want to accumulate Bitcoin.
You live outside the U.S. or want guaranteed rewards without a $100/year fee.
The Fold Card is a Bitcoin rewards prepaid debit card designed for everyday consumers who want to earn Bitcoin ("sats") on routine spending instead of traditional points or cash back. The card links to a USD cash balance with FDIC insurance on deposits up to $250,000. Users spend dollars via a familiar debit card experience while passively accumulating Bitcoin rewards. Since its launch in 2020, Fold has processed nearly $1 billion in transactions and distributed over $30 million in BTC rewards to users as of 2023.
The Fold Card has two tiers with different fee structures.
Card-Related Fees | Fee Type | Fold (Free) | Fold+ ($100/year) | | --- | --- | --- | | Card issuance | $0 | $0 | | Monthly/annual fee | $0 | $10/month or $100/year | | Card replacement | $5 | $0 | | Account closure check | $5.95 | $0 |
Transaction Fees | Fee Type | Fold (Free) | Fold+ ($100/year) | | --- | --- | --- | | Domestic purchase | $0 | $0 | | Foreign transaction | $3.00 per transaction | $0 | | ATM withdrawal | $3.50 per withdrawal | $0 | | ACH transfers (in/out) | $0 | $0 | | Instant debit card funding | 1.5% (max $25) | 1.5% (max $25) | | Instant USD withdrawal | 1.5% (min $0.25) | 1.5% (min $0.25) | | Bitcoin to USD conversion | 1.0% | 0% | | Buying Bitcoin with cash | 1.5% | 0% | | Auto-Stack/Direct-to-BTC | 1.0% | 0% |
The Fold Card offers a dual-rewards structure combining guaranteed rates for Fold+ members with gamified wheel rewards for all users. ### Cashback Structure * **Free Tier:** No guaranteed base rate. Rewards are variable, earned exclusively through the spin wheel, and typically range from ~0.25% to occasional larger prizes. * **Fold+ Tier ($100/yr):** * **Base Rate:** Guaranteed 0.5% Bitcoin back on qualifying Visa Signature debit transactions. * **Category Boosts:** 1.5% back on rotating top spending categories (changes quarterly). * **Merchant Boosts:** Up to 15% back at select popular merchants through rotating offers. * All Fold+ rewards are in addition to any rewards won from the spin wheel. ### Spin Wheel Rewards After each purchase, users spin a virtual wheel in the app to win prizes in satoshis. Rewards can range from a few sats up to a 100% rebate or even 1 full BTC, though large prizes are rare. Fold+ members have improved odds and access to higher-tier prizes. ### Gift Card & Bill Pay Rewards * **Gift Cards:** Purchase gift cards in the app to earn enhanced BTC rewards, with rates up to 20% at select partners for Fold+ members. * **ACH Bill Pay (Fold+ only):** Earn up to 1.5% in BTC on bill payments, with the rate depending on the prior month's qualifying spend.
U.S. residents only (all 50 states and D.C.). Applicants must be 18+ and a U.S. resident. Fold has announced plans to expand to Europe and Latin America through its Visa partnership.
Risk note. If the provider disappears, funds held in the app's Bitcoin wallet may be inaccessible.
Direct deposit capability for payroll; ACH transfers via Plaid/Astra
Positive feedback on engaging gamified experience and easy Bitcoin accumulation; negative feedback on low odds for big rewards, premium fee value for low spenders, and occasional technical issues
U.S.-based Bitcoin enthusiasts who make regular purchases and prefer earning BTC over traditional rewards, especially those who enjoy gamified experiences and can maximize the Fold+ tier benefits through high-volume spending
The Fold Card successfully bridges traditional finance and cryptocurrency by offering a familiar debit card experience that rewards users with Bitcoin. Its standout feature is the unique gamified reward system that adds an element of chance to every purchase, potentially yielding significant Bitcoin rewards beyond standard cashback rates. For Fold+ members, the guaranteed base rate of 0.5% on qualifying Visa Signature transactions plus category boosts of 1.5% and merchant boosts up to 15% creates a compelling value proposition for frequent spenders.
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