Fold Bitcoin Credit Card

The Fold Bitcoin Credit Card is a Visa credit card issued by Celtic Bank that is built specifically for Bitcoin enthusiasts. Launched by Fold, Inc. (a publicly traded Bitcoin financial services company), the card offers a flat-rate Bitcoin rewards program with behavior-based bonuses. It is designed as a mobile-first product that turns everyday spending into a Bitcoin accumulation strategy.

Rewards

All cardholders earn a base rate of 1.5% back in Bitcoin on every eligible purchase with no cap. Additional bonuses can push the effective rate up to 4%:

• Auto-Stack and Direct-to-Bitcoin bonus: Up to 2% additional on the first $2,000 of monthly spend for users who set up recurring Bitcoin purchases or direct deposits.
• Pay-in-Bitcoin bonus: An extra 0.5% when paying the statement balance using Bitcoin held in a Fold account.

Rewards are calculated at the time of authorization and enter a 30-day lock period after the transaction settles before they can be withdrawn. The rewards account balance is subject to a $10,000 limit.

Benefits

• No annual fee.
• Real-time reward tracking in the Fold app.
• Instant provisioning to Apple Pay and Google Pay upon approval.
• Pre-filled applications for verified Fold users with quick decisions.
• Gift card marketplace for additional Bitcoin rewards at popular merchants.

Important Considerations

The card requires a Fold account, which may have separate fees. The bonus rewards structure is somewhat complex, requiring users to engage with Fold’s Auto-Stack or Direct-to-Bitcoin features to reach the top rates. Rewards are paid in Bitcoin, so their USD value fluctuates with the market. Paying the bill with Bitcoin adds a 0.5% bonus but involves selling Bitcoin, which may be a taxable event.