Fold and Visa launch a Bitcoin Rewards Credit Card, offering up to 2% BTC back on purchases. Join the waitlist now for exclusive perks.
Fold, a bitcoin rewards platform, has partnered with Visa to introduce the Fold Bitcoin Rewards Credit Card, allowing users to earn bitcoin instead of traditional cashback or points.
Bitcoin Rewards Instead of Points
The Fold Bitcoin Rewards Credit Card offers consumers a simple way to accumulate BTC on everyday purchases. Unlike other crypto credit cards that provide rewards in multiple digital assets, Fold’s card focuses exclusively on bitcoin. The new card allows users to earn up to 2% back in BTC on purchases, with additional perks for premium members.
Will Reeves, CEO of Fold, highlighted the card’s ease of use, stating:
“This first-of-its-kind financial tool combines the convenience of a traditional credit card with the power of bitcoin rewards, designed to help establish bitcoin as the ultimate savings asset for every American.“
Card Features and Benefits
The Fold Bitcoin Rewards Credit Card includes:
- 1.5% unlimited BTC rewards for standard members.
- 2% unlimited BTC rewards for Fold+ members.
- Up to $250 in bitcoin bonuses for premium users.
- A premium metal card for Fold+ members.
Fold’s previous debit card products have facilitated over $2.5 billion in transactions across 600,000 users. The company has already distributed nearly $75 million in bitcoin rewards, which would have been worth about $20 million in cash at the time.
Visa Partnership and Global Accessibility
By partnering with Visa, Fold ensures that the card is widely accepted at millions of locations worldwide. The collaboration also enhances security and ease of use for consumers seeking to integrate bitcoin rewards into their daily spending.
Cuy Sheffield, Visa’s Head of Crypto, noted:
“Visa is committed to expanding access to crypto rewards and digital assets through trusted partners like Fold.“
Competition and Market Growth
The Fold Bitcoin Rewards Credit Card enters a competitive market with rivals such as the Gemini Credit Card, Coinbase Card, and Crypto.com Visa Card. However, Fold’s singular focus on bitcoin rewards distinguishes it from multi-crypto reward programs.
The company also holds over 1,000 bitcoin and is among the top 25 public companies with significant BTC holdings. Fold is reportedly planning a Nasdaq listing, further expanding its financial footprint.
How to Sign Up
Consumers can now join the waitlist for early access to the Fold Bitcoin Rewards Credit Card. Visit Fold’s official website to sign up and learn more.
