Fold Card
Prepaid Visa debit card that lets you spend USD and earn bitcoin rewards. Includes ACH account details, bill pay, and FDIC pass-through on cash balances.
Updated on
What is Fold Card?
Fold Card is a Bitcoin rewards Visa prepaid debit card that allows users to earn sats (Bitcoin's smallest unit) on everyday purchases. Founded in 2014 and relaunched in 2019 by Will Reeves and Corbin Pon, Fold has evolved from a gift card platform into a comprehensive Bitcoin financial services company. The company went public on NASDAQ in February 2025 under the ticker symbol "FLD," becoming one of the first publicly traded Bitcoin financial services companies in the United States.
Fold has distributed nearly $75 million in Bitcoin rewards to its users and maintains a Bitcoin treasury of over 1,000 BTC, ranking among the top 25 public companies by Bitcoin holdings. The Fold Card is issued by Sutton Bank, Member FDIC, providing up to $250,000 in pass-through FDIC insurance on USD balances. Bitcoin assets are custodied by BitGo with insurance coverage.
Subscription Plans
Fold offers three membership tiers:
Basic (Included): Free tier with basic gift card rewards and free reward withdrawals.
Fold (Free Plan): No monthly cost. Includes 1.5% fee on instant Bitcoin buys, 1.0% on sells, auto-stack, and direct deposit conversions. Offers basic Spinwheel access, merchant boosts, up to 1.5% back on select categories, and 0.5% back on all other purchases.
Fold+ ($100/year or $10/month): Premium membership with zero fees on all Bitcoin services including buy, sell, auto-stack, and direct deposit conversions. Rewards up to 15% back on merchant boosts, 1.5% back on top categories, 0.5% back on all other purchases, no international or ATM fees, more spins, and the chance to win up to 1 BTC.
Key Features
Fold Card combines traditional banking functionality with Bitcoin accumulation:
- Spin-to-Win Rewards: Earn a spin on every qualifying purchase of $3 or more, with prizes ranging from 5 to 2,500 sats, up to 100% cashback, or even 1 full Bitcoin
- Bill Pay: Earn Bitcoin rewards on recurring expenses including mortgage, rent, utilities, credit card payments, and phone bills through ACH
- Round-Ups: Automatically round up purchases to the nearest dollar and invest the difference in Bitcoin
- Auto-Stack: Set up recurring Bitcoin purchases (DCA) with zero fees for Fold+ members
- Push to Card: Convert Bitcoin balance to USD for immediate spending
- Account & Routing Number: Full ACH capabilities for direct deposit and bill payments
- Authorized Users: Add up to 3 family members with dedicated debit cards
- Gift Cards: Purchase gift cards from major retailers and earn Bitcoin rewards
- AR Rewards: Augmented reality Bitcoin hunts within the app
Fees
| Fee Type | Fold (Free) | Fold+ |
|---|---|---|
| Annual/Monthly Fee | $0 | $100/year or $10/month |
| Bitcoin Instant Buy | 1.5% | 0% |
| Bitcoin Sell | 1.0% | 0% |
| Auto-Stack | 1.0% | 0% |
| Direct Deposit Conversion | 1.0% | 0% |
| ATM Withdrawal | Standard ATM fees | No added fees |
| International Transactions | Fees apply | No fees |
| Reward Withdrawal | Free (min 50,000 sats) | Free (min 50,000 sats) |
Bitcoin Rewards
Fold's unique Spinwheel system gamifies Bitcoin rewards:
- Guaranteed 1% back if you choose not to spin
- Spin for variable rewards ranging from less than 1% to up to 25% (Free tier) or 100% (Fold+ tier)
- Merchant boosts offer enhanced rewards at select retailers
- Daily free spins available for all users
- Extra weekly spins for Fold+ members
- Prize potential includes winning 1 full Bitcoin
Upcoming Credit Card
Fold is launching the Fold Bitcoin Rewards Visa Credit Card with:
- 2% unlimited Bitcoin rewards for Fold+ members
- 1.5% unlimited Bitcoin rewards for Free plan members
- Up to $250 in signup bonuses (Fold+) or $100 (Free)
- Up to 10% back at select merchants (Amazon, Target, Home Depot)
- Up to 20% back for Fold+ members at participating retailers
- Premium metal card for Fold+ subscribers
New bank reviews, side-by-side comparisons, and practical money tips. No spam, unsubscribe anytime.
Security
- FDIC Insurance: Up to $250,000 on USD balances via Sutton Bank (pass-through)
- BitGo Custody: Bitcoin held in insured cold storage
- BitGo Insurance: Covers theft of private keys, insider theft, and loss of keys
- Visa Network: Global acceptance with Visa's fraud protection
Supported Countries
Fold Card is currently available exclusively in the United States.
Restricted Countries
Fold Card is not available outside the United States. International expansion has not been announced.
Pros
- Bitcoin rewards on every purchase including bill payments
- Zero-fee Bitcoin buying, selling, and auto-stack for Fold+ members
- Gamified spin-to-win system with potential for high rewards (up to 1 BTC)
- FDIC-insured USD balances up to $250,000
- BitGo-insured Bitcoin custody
- Full banking features (ACH, direct deposit, bill pay)
- Round-ups for passive Bitcoin accumulation
- Up to 3 authorized users per account
- Publicly traded company (NASDAQ: FLD) with transparency
- Over 1,000 BTC in company treasury
- Nearly $75 million in rewards distributed
Cons
- US only availability
- Spin rewards are variable and gamified (not guaranteed rates)
- 1.5% fee on Bitcoin purchases for free tier
- $100/year or $10/month for premium features
- Prepaid card limitations (not a true bank account)
- 50,000 sats minimum for reward withdrawals
- Bitcoin rewards are volatile in value
- Some features require Fold+ subscription
Alternatives
About the author
Founder of Sirket.io & Editor at BankList.co
Can Ozer is the founder of Sirket.io with over 6 years of experience in international taxation. He has helped many entrepreneurs with offshore company formation, business bank account opening, and payment infrastructure applications across multiple jurisdictions. At BankList.co, he reviews and curates banks and financial services to help founders choose the right financial partner.
Similar to Fold Card
Slash Global USD
