Fold Card
VisacustodialKYC: required
2.5 / 5
Net Reward0.0
Availability1.0
Custody & Risk2.0
Features4.2
UX4.1
The Fold Card is a U.S.-issued Visa prepaid debit card that enables users to earn Bitcoin rewards on everyday purchases through a gamified spin wheel system. Designed for passive Bitcoin accumulation, it offers a premium Fold+ tier with guaranteed 0.5% BTC back on qualifying transactions plus merchant boosts up to 15%.
Apply
Slug: fold-card
Our Verdict
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
Pros and cons
Pros
- Unique gamified rewards system adds excitement to everyday purchases
- No card issuance fee for either tier
- Guaranteed 0.5% Bitcoin back on qualifying transactions plus category boosts (up to 1.5%) and merchant boosts (up to 15%) for Fold+ members
- Enhanced rewards on gift card purchases (up to 20% at select merchants)
- On-chain Bitcoin withdrawals with no fee for rewards (weekly batch processing)
- FDIC insurance on USD deposits up to $250,000
- Bitcoin custody via BitGo with $250M insurance policy
- ACH Bill Pay rewards up to 1.5% with gift card purchases counting 2× toward qualified spend
Cons
- Currently limited to U.S. residents only
- Free tier has no guaranteed cashback rate (relies on wheel outcome)
- $100/year subscription fee for Fold+ may not be worth it for low spenders
- Rewards limited to Bitcoin only (subject to crypto volatility)
- Weekly batched Bitcoin withdrawals for rewards rather than instant transfers
- 30-day holding period on rewards (can extend to ~39 days in rare cases)
- Cannot be used in restricted countries (see Fold's maintained list)
- Not all transactions qualify as Visa Signature (which affects guaranteed rewards)
- Instant USD withdrawals incur 1.5% fee (minimum $0.25)
- No Lightning Network support for withdrawals
Supported chains
BaseBitcoin
Supported cryptos
BTC
Fees
Annual: See card_tiers
Monthly: See card_tiers
Issuance: $0
Crypto To Fiat: 1.0% (Free tier), 0% (Fold+)
Fiat Withdrawal: 1.5% (min $0.25) for instant USD withdrawal to debit card
Crypto Withdrawal: No fee for rewards (weekly batch), network fee for purchased BTC
Purchase Transaction: $0
Key Features
- Bitcoin rewards earned through gamified spin wheel system
- Guaranteed 0.5% Bitcoin back on qualifying Visa Signature debit transactions (Fold+ only)
- Enhanced rewards up to 15% on rotating merchant offers (Fold+)
- ACH Bill Pay rewards up to 1.5% (Fold+ only)
- On-chain Bitcoin withdrawals for rewards (weekly batch processing)
- FDIC insurance on USD deposits up to $250,000
- Bitcoin custody via BitGo with $250M insurance policy
- Apple Pay, Google Pay, Samsung Pay support
- Gift card marketplace with enhanced BTC rewards
- Auto-Stack feature to automatically convert deposits to Bitcoin
Limitations
- Currently available only to U.S. residents
- Free tier has no guaranteed cashback rate (relies on wheel outcome)
- $100/year subscription fee for Fold+ may not be worth it for low spenders
- Rewards limited to Bitcoin only (subject to crypto volatility)
- Weekly batched Bitcoin withdrawals for rewards rather than instant transfers
- 30-day holding period on rewards (can extend to ~39 days in rare cases)
- Cannot be used in restricted countries (extensive list maintained by Fold)
- Not all transactions qualify as Visa Signature (affects guaranteed rewards)
- Instant USD withdrawals incur 1.5% fee (minimum $0.25)
- No Lightning Network support for withdrawals
- Low odds on big rewards from spin wheel
Risks
- CounterpartyCustodial model means users do not control private keys; if provider disappears, funds in app wallet are inaccessiblePlatform (Fold/BitGo) holds all Bitcoin on behalf of users
- MarketRewards limited to Bitcoin only, subjecting rewards to crypto volatilityRewards limited to Bitcoin only (subject to crypto volatility)
- RegulatoryExtensive list of restricted countries where card cannot be used due to banking regulationsCannot be used in certain countries due to banking regulations and restrictions
Rewards & Cashback
Notes: Spin wheel rewards range from 5 sats up to 100% rebate or 1 full BTC (extremely rare). Fold+ members have improved odds and exclusive access to 1 BTC jackpot. Gift card rewards: 0.50% Amazon (Free), 1.75% Amazon (Fold+), up to 20% at select partners. ACH Bill Pay rewards up to 1.5% (Fold+ only) with tiered structure based on prior month's qualified spend.
Reward Token: Bitcoin (BTC/satoshis)
Cashback Mode: Visa Signature debit transactions (run as credit, not PIN)
Cashback Rate: Variable via spin wheel (Free tier); 0.5% guaranteed on qualifying Visa Signature transactions + 1.5% category boosts + up to 15% merchant boosts (Fold+)
Excluded Transactions:PIN-based transactions for certain bonuses, Transactions in restricted countries
Eligibility Requirements: Fold+ tier required for guaranteed rates; transactions must qualify as Visa Signature; PIN-based transactions may not earn rewards
Spending Limits
Notes: Account balance limit: $30,000 maximum. Gift card purchase limit: $2,000 per 24 hours. Bitcoin minimum purchase: $10, maximum per day: $15,000. Bitcoin sales maximum per day: $14,250.
Atm Daily: $1,000 (max $250 per withdrawal)
Atm Monthly: $1,000
Daily Spending: $15,000
Per Transaction: $15,000
Monthly Spending: $50,000
Top-Up Methods
ACH bank transferInstant debit card depositDirect deposit (payroll)
Max Amount: $40,000 per 30-day period (ACH); $1,500 per deposit, $10,000 per day, $20,000 per 30 days (instant debit card); $30,000 balance limit
Banking & Financial Services
✗
IBAN
✗
SEPA Transfers
✗
SWIFT
✗
Virtual Accounts
✓
Direct Deposit
Direct deposit capability for payroll; ACH transfers via Plaid/Astra
Security Features
Features: Two-Factor Authentication (2FA) via authenticator app,Real-time transaction alerts,Ability to freeze card instantly via app,PIN code for ATM/POS transactions,Encrypted data transmission and storage,Mobile wallet tokenization security,Biometric authentication (Touch ID/Face ID)
Insurance: USD balances FDIC insured up to $250,000 through Sutton Bank; Bitcoin holdings via BitGo with $250 million insurance policy; Visa Zero Liability policy for unauthorized charges
Custody Partners: BitGo,Sutton Bank
Mobile Wallet Support
Apple PayGoogle PaySamsung PayiOSAndroid
Best For
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
Custody Model
custodialPlatform (Fold/BitGo) holds all Bitcoin on behalf of users. Users do not control private keys; access via app interface only. USD funds held by Sutton Bank in a pooled account. Custody transfers only when BTC is withdrawn on-chain.
Risk: If provider disappears, funds in app wallet are inaccessible
Card Issuer & Compliance
Issuer Name: Sutton Bank, Member FDIC
Kyc Required: true
Issuer License: FDIC Member
Availability
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.
Card Tiers
Fold (Free)
PhysicalPlastic with contactless
U.S. resident, 18+, KYC verification
Fees
Issuance: $0
Monthly: $0
Monthly Limit: $50,000
VisaApple PayGoogle PaySamsung Pay
Cashback: Variable (wheel only, typically ~0.25% to occasionally 100%)
Daily Spin for small rewards with streak bonusesReferral Program: $5 BTC per referral + 1-50 sats per referral purchase for one yearAmazon gift card rewards: 0.50%
Fold+
PhysicalPlastic with contactless
$10/month or $100/year subscription
Fees
Issuance: $0
Monthly: $10/month or $100/year
Monthly Limit: $50,000
VisaApple PayGoogle PaySamsung Pay
Cashback: Guaranteed 0.5% on qualifying Visa Signature transactions + 1.5% category boosts + up to 15% merchant boosts
ATM Free: Unlimited (no ATM fee)
FX Free: Unlimited (no foreign transaction fee)
Up to 3 authorized users1 BTC Jackpot eligibilityBetter spin wheel oddsACH Bill Pay rewards up to 1.5%Amazon gift card rewards: 1.75%Up to 20% at select gift card partnersFree card replacement0% BTC buy/sell fees0% Auto-Stack/Direct-to-BTC feeEarly access to new featuresInstant withdrawal limits: $250/withdrawal, $500/day, $1,000/30 days (after 6 months)
User Ratings
1.8/5.0 (23 ratings)
Trustpilot
4.0/5.0 (1,807 ratings)
Google Play
4.2/5.0 (2,153 ratings)
App Store
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
Roadmap & Updates
Expansion: Europe and Latin America expansion announced through Visa partnership
Planned Features:
- Bitcoin Rewards Visa Credit Card with metal card design, up to 2% unlimited BTC back, $250 signup bonus for Fold+ members ($100 for free tier)
Recent Updates:
- Credit card launch delayed due to infrastructure partner issues; company maintaining waitlist while seeking new partner
Conclusion
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. The card's primary limitations include its U.S.-only availability, the reliance on Bitcoin as the sole reward currency (subjecting rewards to crypto volatility), and the fact that the free tier offers no guaranteed cashback rate. The ideal Fold Card user is a U.S.-based Bitcoin enthusiast who makes regular purchases and values accumulating BTC over traditional rewards.
Card launched: 2020
Related cards
Ether.Fi Cash Card
4.5
VisahybridKYC Required
Details of Ether.Fi Cash Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Networks
BaseEthereumGnosisScroll
Ready Card
4.5
Mastercardself-custodialKYC Required
Details of Ready Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Networks
BaseBitcoinEthereum
Crypto.com Card
4.0
Visa + MastercardcustodialKYC Required
Details of Crypto.com Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Gemini Credit Card
4.0
MastercardcustodialKYC Required
Details of Gemini Credit Card crypto card including cashback rewards, fees, staking requirements, and review. Compare with other cryptocurrency cards.
Networks
BitcoinEthereumSolana