Fold recently announced that it will launch its Bitcoin Rewards Credit card in partnership with Visa.
📣 Introduction of Fold Bitcoin Rewards -Credit Card
It pays off to be a fold+ credit card holder
☑2% unlimited Bitcoin reward
☑ Up to $ 250 Welcome Bonus
☑ Free Metal CardJoin and climb to the top of the waiting list. $ 200,000 prizes waiting!
Enrollment link and blog 👇 pic.twitter.com/KSrvkagxqa
– Fold Bitcoin (@fold_app) 11 February 2025
Rewards for the card vary depending on the fold membership level. Fold+ members earn 2% back in Bitcoin rewards and up to $ 250 in bonuses that will be paid out to hit specific activity levels, while folding members will earn 1.5% in rewards and up to $ 100 in bonuses.
Cardholders get access to a package of financial services through the fold app, including the possibility of trading Bitcoin with zero fees and benefit from exclusive bonuses from partner dealers. The app also provides access to FDIC-insured transaction accounts and insured Bitcoin parent authority.
Fold brings this new product to the market largely due to requests from current users.
“This has been one of the most requested products,” Mitch Port, General Manager for Credit and Loan at Fold, told Bitcoin Magazine. “The majority of users like to spend on credit and earn in Bitcoin.”
Port also noted that this new credit card is the latest addition to the package of products that already offer.
“A fold -payment card is currently getting you access to an account from which you can pay bills, direct deposit Fiat or automatically convert paychecks to Bitcoin,” he said. “Adding a credit card is a great addition for users who prefer to spend on credit rather than from an existing balance.”
Fold currently has 600,000 users who have earned about $ 75 million worth of Bitcoin rewards (which would have been $ 20 million if rewards were distributed in US dollars). With the combination of its current user base and this new credit card, Fold hopes to make Bitcoin the new standard for credit card rewards.
“Fold has already empowered hundreds of thousands of users to incorporate Bitcoin into their daily lives,” said Fold Founder and CEO Will Reeves in a press release shared with the Bitcoin magazine.
“With this credit card, we aim to deter Miles as go-to credit card reward. If the top miles cards can process 1% of US GDP, we are convinced that folded Bitcoin reward cards can reach the same heights, ”he added.
“We build the hub for personal economy, driven by Bitcoin, to make sure everyone has the tools to serve, save and grow their wealth with Bitcoin every day.”
Fold issues this new credit card as the company is preparing to list on NASDAQ as the first publicly traded Bitcoin Financial Services Company. Fold also has a Top 25 Bitcoin Treasury among public companies as it holds over 1,000 bitcoin in its reserves. Its initiative to bring together Bitcoin matches his mission to make Bitcoin the cornerstone of personal savings for millions of Americans.
Those interested in getting a fold Bitcoin reward credit card can participate in the waiting list here.