Fold Card

The Fold Card is a prepaid Visa debit card issued by Sutton Bank that earns Bitcoin rewards on everyday spending. It is the original card product from Fold, Inc., designed as a Bitcoin-powered banking alternative. The card is ideal for users who want to accumulate Bitcoin without taking on credit debt.

Rewards

Cardholders earn Bitcoin rewards on every purchase. The exact rate depends on the merchant and whether the user is a Fold+ member. Fold+ subscribers receive enhanced rewards, including bonus sats on gift card purchases and bill payments. The card also features a daily “spin” wheel for additional Bitcoin rewards.

Benefits

• No added ATM fees for Fold+ members (standard fees may apply for non-subscribers).
• Buy Bitcoin with zero fees through the Fold app.
• Pay bills (including mortgage and credit cards) and earn Bitcoin rewards on eligible payments.
• Get paid up to 3 days early with direct deposit.
• Round-up purchases to automatically stack additional sats.
• USD balances are FDIC insured up to $250,000 through Sutton Bank on a pass-through basis.
• Bitcoin custody is provided by BitGo, with insurance coverage.

Important Considerations

The Fold Card is a prepaid debit product, not a credit card, so it must be funded before use. The card’s rewards program has changed over time, and the company now also offers the Fold Bitcoin Credit Card as a separate product. Some of the best benefits require a Fold+ subscription. Bitcoin rewards are not FDIC or SIPC insured, and their value can fluctuate significantly.