The financial landscape is evolving, and Fold is making significant waves with the recent announcement of its Bitcoin Rewards Credit Card, in collaboration with Visa. This innovative card is set to reward users like never before, allowing cardholders to earn Bitcoin on everyday purchases.
With the Fold Bitcoin Rewards Credit Card, users can enjoy 2% unlimited rewards on all purchases if they are Fold+ members. For broader access, Fold members will still benefit with 1.5% rewards. Additionally, the card offers a welcome bonus of up to $250 based on spending activity, making it an attractive option for both new and existing users.
This credit card serves as a part of Fold’s greater mission, as expressed by the General Manager for Credit and Loans, Mitch Port, who stated that the credit card was one of the most requested features by current users. “The majority of users like to spend on credit and earn in bitcoin,” he highlighted.
The Fold app is more than just a rewards platform. Cardholders will gain access to various financial services, including:
- Trading Bitcoin without fees
- Exclusive bonuses from partner merchants
- FDIC-insured transaction accounts
- Insured Bitcoin custody
Moreover, this new offering aligns with Fold’s ethos of integrating Bitcoin into daily finances. Fold’s founder, Will Reeves, remarked, “We aim to dethrone miles as the go-to credit card reward.” The company believes that users can incorporate Bitcoin seamlessly into their spending habits.
Fold currently boasts a user base of over 600,000 individuals who collectively earned approximately $75 million in Bitcoin rewards since its inception. This statistic underlines the growing appetite for Bitcoin in traditional financial transactions.
As Fold prepares to go public on NASDAQ, adding a Bitcoin credit card to its product suite marks a historic step not only for the company but also for financial services as a whole. With over 1,000 Bitcoin in treasury, Fold is positioned to become a pivotal player in the shifting financial environment.
Those interested in earning Bitcoin through their spending can start their journey by joining the waitlist for the Fold Bitcoin Rewards Credit Card here. Don’t miss the chance to be part of this financial revolution focused on Bitcoin!
