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Fold Bitcoin Rewards Credit Card Review: Everything You Need to Know
February 6, 2025
![Credit card below three gold coins](https://cdn.prod.website-files.com/618a364b9817c1a1f466ca8b/67acc1a62db00f722c12550e_Fold-Bitcoin-Rewards-Credit-Card.webp)
The credit card landscape is evolving rapidly, and Fold's latest announcement brings an exciting addition to the cryptocurrency rewards space. Through a partnership with Visa and Sutton Bank, Fold is launching its highly anticipated Bitcoin Rewards Credit Card, offering cardholders the opportunity to earn cryptocurrency rewards on everyday purchases.
What Is the Fold Bitcoin Rewards Credit Card?
The Fold Bitcoin Rewards Credit Card is a revolutionary financial product that combines traditional credit card functionality with Bitcoin rewards. This innovative card, issued by Sutton Bank, allows cardholders to earn Bitcoin on every purchase, transforming routine spending into potential investment opportunities.
Fold Bitcoin Rewards Credit Card Pros & Cons
Pros:
- Earn up to 2% back in Bitcoin rewards for Fold+ members
- Additional bonus opportunities worth up to $250
- Zero-fee Bitcoin trading through the Fold app
- FDIC-insured transactional accounts
- Insured Bitcoin custody
- Exclusive merchant partner bonuses
- Integration with existing Fold ecosystem
Cons:
- Rewards rate varies based on membership level
- Requires Fold membership for optimal benefits
- Bitcoin's price volatility can affect rewards value
- Limited historical track record as a new product
Who Is the Fold Bitcoin Rewards Credit Card For?
The Fold Bitcoin Rewards Credit Card is ideal for several types of consumers:
Cryptocurrency Enthusiasts:
Those already invested in Bitcoin or interested in building their cryptocurrency portfolio through everyday spending.
Rewards Maximizers:
Individuals looking to diversify their rewards earnings beyond traditional cash back or miles.
Tech-Savvy Consumers:
Users comfortable with digital wallets and cryptocurrency management.
Long-term Investors:
People who view Bitcoin rewards as a potential investment opportunity rather than immediate spending money.
Comparing the Fold Bitcoin Rewards Credit Card with Other Cards
When considering the Fold Bitcoin Rewards Credit Card, it's helpful to compare it with other popular options in the cashback credit card category:
- Annual fee: $0
- Sign-up bonus: Cash bonus after meeting spending requirements
- Key rewards: 5% on travel purchased through Chase Travel℠, 3% on dining and drugstores, 1.5% on all other purchases
- Standout feature: Flexible redemption options including cash back, travel, and gift cards
Capital One Savor Cash Rewards Credit Card (rates & fees):
- Annual fee: $0
- Sign-up bonus: Cash bonus after meeting spending requirements
- Key rewards: 3% on dining, entertainment, popular streaming services, and grocery stores
- Standout feature: No foreign transaction fees
Blue Cash Everyday® Card from American Express (rates & fees):
- Annual fee: $0
- Welcome offer: Cash bonus after meeting spending requirements
- Key rewards: 3% at U.S. supermarkets (up to $6,000 per year, then 1%), 3% cash back up to $6,000 per year, then 1%. Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit or at Amazon.com checkout
- Standout feature: This card offers a generous intro of APR on purchases and balance transfers
Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more. Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.
Each card offers unique benefits tailored to different spending habits and preferences. Consider your personal financial goals when choosing the best card for you.
Key Takeaways:
- Fold Bitcoin Rewards Credit Card excels in [specific area]
- Chase Freedom Unlimited® offers diverse category bonuses
- Capital One Savor Cash Rewards Credit Card rewards dining and entertainment spending
- Blue Cash Everyday® Card from American Express provides strong rewards on everyday purchases
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Consider Using Kudos
While exploring credit card options like the Fold Bitcoin Rewards Card, it's worth considering tools that can help maximize your rewards across all your credit cards. Kudos is a free AI-powered browser extension that helps you optimize your credit card rewards whenever you shop online. Their smart wallet technology ensures you're always using the best card for each purchase, potentially earning up to 5X rewards during special Flash Boost events.
If you're looking to get more out of your credit cards, Kudos is the best free shopping app to use when you shop online. And, they're currently offering $20 back after your first eligible purchase — just sign-up for free with code "GET20" and make a purchase at a Boost merchant.
Our Expert Takeaway
The Fold Bitcoin Rewards Credit Card represents an innovative approach to credit card rewards in the personal finance space. With its unique Bitcoin rewards structure and integration with Fold's existing ecosystem, it offers a compelling option for consumers interested in cryptocurrency exposure through everyday spending.
Fold Bitcoin Rewards Credit Card FAQ
How does the Fold Bitcoin Rewards Card earn rates work?
Fold+ members earn 2% back in Bitcoin rewards plus up to $250 in bonuses, while standard Fold members earn 1.5% back plus up to $100 in bonuses.
Is my Bitcoin reward protected?
Yes, the card offers insured Bitcoin custody and FDIC-insured transactional accounts for added security.
Can I trade Bitcoin through the Fold app?
Yes, cardholders can trade Bitcoin with zero fees through the Fold app.
What makes Fold different from other crypto reward cards?
Fold's integration with its existing ecosystem, partnership with Visa, and established user base of 600,000 members sets it apart in the cryptocurrency rewards space.
How can I apply for the Fold Bitcoin Rewards Credit Card?
Interested consumers can join the waitlist through Fold's official website to be notified when applications open.
Supercharge Your Credit Cards
Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.
Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.