Fold recently announced that it will launch a Bitcoin Rewards credit card in partnership with Visa.
fold fold Bitcoin Rewards Credit Card Introduction
Folding + Being a credit card holder is beneficial
☑ Unlimited Bitcoin Rewards
Up to a welcome bonus of puly $250
free Free Free Metal CardJoin and climb to the top of your waitlist. A $200,000 prize is waiting for you!
Signup links and blogs 👇 pic.twitter.com/ksrvkagxqa
– fold bitcoin (@fold_app) February 11, 2025
Card rewards vary depending on the folding of your membership level. Fold+ members earn 2% in Bitcoin rewards and with a bonus of up to $250 paid to hit a certain activity level, while Fold members receive a bonus of 1.5% in rewards and a bonus of up to $100 You will win it.
Cardholders can access a range of financial services via the folding app, including the ability to trade Bitcoin at zero fees and take advantage of exclusive bonuses from partner merchants. The app also provides access to FDIC insurance transactional accounts and insured Bitcoin custody.
Fold is bringing this new product into the market, primarily at requests from current users.
“It's one of the most highly regarded products,” Mitch Port, general manager of credit and loans at Fold, told Bitcoin Magazine. “The majority of users prefer to spend on credit and earn money with Bitcoin.”
Port also said the new credit card is the latest addition to the suite of products where folding is already offered.
“Currently, using a debit card gives you access to an account that allows you to pay your bills, deposit your Fiat directly, or convert your salary to Bitcoin automatically,” he said. “Adding credit cards is a great addition for users who prefer to spend on credit rather than from their existing balance.”
Fold currently has 600,000 debit card users who have earned approximately $75 million worth of Bitcoin rewards (if the reward is distributed in US dollars, it would be $20 million). With this new credit card combination with its current user base, Fold wants to make Bitcoin the new standard for credit card rewards.
“Fold has already stepped up the incorporation of Bitcoin into everyday life for hundreds of thousands of users,” Fold founder and CEO Will Reeves said in a press release shared with Bitcoin Magazine. .
“With this credit card, we aim to abdicate miles as a credit card reward. If the top mile card can handle 1% of US GDP, then the Bitcoin Rewards credit card can reach the same height I'm sure,” he added.
“We have built a Bitcoin-powered personal finance hub, ensuring that everyone has the tools to acquire, save and grow their wealth with Bitcoin every day.”
Fold is issuing this new credit card as it prepares to list it on NASDAQ as its first publicly available Bitcoin Financial Services company. Fold also has the top 25 Bitcoin Treasury Ministry among public companies. This is because they own more than 1,000 Bitcoin in reserves. The Bitcoin accumulation initiative coincides with its mission to make Bitcoin the cornerstone of the personal savings of millions of Americans.
Those interested in getting a Fold Bitcoin Rewards credit card can join the waitlist here.
