Snapshot
Continue to About ↓- What it does
- Fold is a U.S. mobile personal-finance app that earns bitcoin rewards on everyday spending.
More detail
- Users spend with a Visa prepaid debit card or a bitcoin rewards credit card, pay bills, buy merchant gift cards, and buy or hold bitcoin in the app, with bitcoin custody and exchange provided by BitGo.
- Best for
- U.S. residents who want to accumulate bitcoin automatically from ordinary card spend, bill payments and gift-card purchases, especially those who keep a meaningful dollar balance on the platform to raise reward rates and remove bitcoin trading fees.
- Pricing
- No subscription.
More detail
- Base tier pays 1.5% back in bitcoin on the credit card and 0.25% on the prepaid debit card with no cap and no balance requirement
- bitcoin trading carries 1% fees plus a spread.
- Higher rates depend on a Fold Reserve balance held on the platform (about $5K to $100K): debit and bill-p
- Main limitation
- People outside the U.S., anyone who cannot hold a large platform balance (headline rates require up to a $100,000 Reserve balance), or savers who want interest or FDIC-insured yield on cash
More detail
- Fold Reserve pays no interest and is not a deposit account.
- Record
- Living and monitored
- Reviewed
- Evidence
- Public web research
- Machine access
- Structured profile ↗
About
- Fold is a U.S. mobile personal-finance app that earns bitcoin rewards on everyday spending.
- Users spend with a Visa prepaid debit card or a bitcoin rewards credit card, pay bills, buy merchant gift cards, and buy or hold bitcoin in the app, with bitcoin custody and exchange provided by BitGo.
What it helps with
- Accumulating bitcoin automatically instead of trading manually, since rewards land on eligible card spend, bill payments
- Earning rewards on recurring bills such as rent, mortgage and utilities, which many reward cards exclude
- Reducing bitcoin purchase costs, with zero transaction fees and zero added spread for Reserve members versus 1% fees plu
- Consolidating spending, bill pay, gift cards and bitcoin buying into a single app
- Getting paid up to three days early via direct deposit, though delays may apply
- Using merchant gift cards from brands like Amazon, DoorDash, Airbnb, Uber and Instacart for higher bitcoin rewards than
Capabilities
A practical view of what is available and where limitations apply.
| Offering | Available | Detail |
|---|---|---|
| Visa prepaid debit card | Yes | Issued by Sutton Bank; earns bitcoin on eligible purchases, bill payments and direct deposit. |
| Bitcoin rewards credit card | Yes | Issued by Celtic Bank under a Visa license; flat-rate rewards with no rotating categories. |
| Bill pay | Yes | Pay rent, mortgage, utilities and credit cards using Fold account and routing numbers. |
| Merchant gift cards | Yes | Amazon, DoorDash, Airbnb, Uber, Instacart and hundreds more, with boosted rewards delivered in the app. |
| Bitcoin buy and sell in app | Yes | Includes recurring purchases, round-ups and automatic buying; custody and exchange by BitGo. |
| FDIC insurance on cash balances | Limited | Pass-through coverage up to $250,000 per depositor applies only to the Spending Account and prepaid card balances, subject to conditions; bitcoin, Reserve, rewards and gift cards are not insured. |
| Interest on Fold Reserve | No | Reserve is closed-loop stored value, not a deposit or savings account, and earns no interest. |
| Reimbursement of ATM or international fees | Unknown | No ATM or international withdrawal fees appear only in an app-store listing; confirm current terms before relying on it. |
| International availability | No | Services are limited to U.S. citizens or lawful permanent residents in the 50 states. |
| Guaranteed Reserve bonus payout | Limited | One-time 3% commitment bonus vests over three years and is forfeited if the balance drops below the commitment. |
Bot trust
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Evidence
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- Verification
- Scribble researched these facts from the linked public sources.
- The owner has not manually confirmed every field.
- Last reviewed
- Primary source
- foldapp.com
Technical profile details
Record ID
9cc86d1b-08db-4754-af9f-fb6e979e3cbfCanonical URLhttps://profiles.scribble.network/listing/fold-9cc86d1b