A simple way for US residents to stack small amounts of bitcoin on everyday spending without a subscription. If you won’t hold a large Fold Reserve balance, the 0.25% base rate is modest, and it isn’t available outside the US.
Score breakdown
How we read the terms: Prepaid debit card with no card or monthly fee and a 0.25% base reward. Higher rates need a Fold Reserve balance of $15,000 to $100,000. FX is not scored as a percentage because Fold charges a flat $3.00 per foreign transaction.
Not rated yet: verified criteria cover 55% of the weight, and we need 70% to give an overall score. How scores are calculated.
Pros
- Rewards paid in bitcoin, uncapped at the 0.25% base rate
- No card fee and no monthly fee
- FDIC pass-through eligibility on the card’s USD balance
- ATM and foreign transaction fees waived with a $5,000+ Fold Reserve balance
Cons
- US residents only
- The base rate is just 0.25%; 3% needs a $100,000 Fold Reserve balance
- Boosts apply only to the first $5,000 of spend each month
- $3.50 per ATM withdrawal and $3.00 per foreign transaction without Fold Reserve
Overview
The Fold Prepaid Debit Card is a Visa issued by Sutton Bank, with Fold, Inc. as program manager. Rewards are credited in bitcoin, and Fold’s bitcoin custody is provided by BitGo, so this is a custodial product.
Every cardholder earns 0.25% on eligible signature purchases with no cap. Holding a Fold Reserve balance (closed-loop stored value you buy from Fold, not interest-bearing) raises the debit rate to 0.5% at $15,000, 1% at $25,000, 1.5% at $50,000, 2% at $75,000 and 3% at $100,000, on the first $5,000 of spend each month. Fold says Fold Reserve is reaching accounts in stages.
We haven’t run a hands-on test of this card; this review is based on the issuer’s published documents linked on this page.
Card tierssource
| Tier | Stake | Subscription | Cashback | Notes |
|---|---|---|---|---|
| No Fold Reserve | $0 | $0 | 0.25% | Uncapped base rate |
| Reserve $5,000 | $5,000 Fold Reserve balance | $0 | 0.25% | No ATM or foreign transaction fee; no bitcoin trading fee |
| Reserve $15,000 | $15,000 | $0 | 0.5% | Boost on first $5,000/month |
| Reserve $25,000 | $25,000 | $0 | 1% | Boost on first $5,000/month |
| Reserve $50,000 | $50,000 | $0 | 1.5% | Boost on first $5,000/month |
| Reserve $75,000 | $75,000 | $0 | 2% | Boost on first $5,000/month |
| Reserve $100,000 | $100,000 | $0 | 3% | Boost on first $5,000/month |
Region: US.
Fees and limits
- Card issuance (US)
- $0source
- Monthly fee (US)
- $0source
- FX fee (US)
- $3.00 flat per foreign transaction ($0 with a Fold Reserve balance of $5,000+)source
- Top-up (US)
- Direct deposit $0; Instant Debit funding 1.5% (max $25)source
- Free ATM per month (US)
- None ($3.50 per withdrawal); unlimited $0 Fold fee with a Fold Reserve balance of $5,000+source
Fees are quoted from the issuer’s documents for the region shown. Each “source” link opens the issuer’s page; the wording is quoted in the availability table and in the link’s tooltip.
Is it worth it? Quick math
Entry tier, $1,000 a month of everyday spending in the card’s currency, first year, compared with a plain 2% cash-back card. Only the verified figures above are used.
- Cashback earned
- $30
- Card fees (issuance + 12 × monthly)
- $0
- Net value, year one
- $30
- Plain 2% cash-back card
- $240
At this spend, a plain 2% cash-back card earns $210 more. Higher tiers pay more, but may need staking, a balance or a paid plan — see the tiers above.
Cashback paid in a volatile token can be worth more or less when you sell it. FX and top-up fees are not included here.
Availability
| Region | Status | What the issuer says |
|---|---|---|
| US | Available | “Available in the U.S.”source |
| UK | Not available | “our Services are available only to individuals who ... primarily reside in one of the fifty United States or the District of Columbia”source |
| EEA | Not available | “our Services are available only to individuals who ... primarily reside in one of the fifty United States or the District of Columbia”source |
By country
Other regions listed by the issuer: United States (50 states + DC), US citizens or lawful permanent residents with an SSNsource. Not legal advice; an issuer can refuse any applicant.
How to get the card
- 1Download FoldInstall the Fold app (US residents with an SSN, 18+).
- 2Verify your identityComplete identity verification in the app.
- 3Get the cardUse the virtual card straight away while the physical card ships.
- 4Fund and spendAdd money by direct deposit or transfer and pay with the card to earn bitcoin.
Fold Card: common questions
How much bitcoin back does the Fold Card pay?
0.25% on eligible purchases for every cardholder, with no cap. With a Fold Reserve balance of $15,000 or more the rate rises in steps up to 3% at $100,000, on the first $5,000 of spend each month.
Does the Fold Card have a monthly fee?
No. Fold’s cardholder agreement lists no card fee and no annual or monthly fee.
Alternatives and comparisons
Information only, not financial advice. Crypto assets are volatile. Terms change often — confirm on the issuer’s site before applying.