Fold: Bitcoin Personal Finance 4+

It’s easy. Good on gift cards, good on wheel

So, this easily matches any other card. What am I going to do with reward mileage or 1% back on buying more products or something. This is an easy way to get involved in the cryptocurrency world, in terms of rewards. The community is good and you can get involved on your own terms. Now I haven’t really explored other offers. And I like they’ve linked to an actual bank.

It’s been consistently above 1%, before and after this current wheel. And the extra spins are fun. Getting rewards for something you were going to purchase is not gambling. I don’t understand how people can equate it like that.

Anyways, the discord community is vibrant and it looks like they’re developing more, like that metaverse thing. Don’t know much, but I dislike Facebook (which is where i see news popping up more when concerning the future of alts in the interweb).

What happened… Who is running this card now?

Using for over 5 years, premium ($100) card for 2 years. I have been using this card since around 2019 getting gift cards for AirBnB. It was exciting for the spins where you had semi decent chances for winning bitcoin. I liked it so much I even got one of the Fold backpacks… Now the chances of winning anything aren’t even close to where they used to be. Rewards certainly aren’t where they used to be. I’ve been slowly watching them cut back more and more every year on rewards. They aren’t competitive with anyone else major at this point, there is no real “fun” with the spins anymore. I don’t know if they are doing this because they are trying to go public or what but it’s not what it used to be. Sad to see the direction this company went after being a loyal user for half a decade.

Edit: It’s a bit dishonest to say the rewards haven’t changed. Originally there was no “premium pay” for $100 a year, rewards and bitcoin back have had percentages taken away/diminished, the spin wheel is a shell of its former self. You have to spend $20,000 a month (?!) before you get 1.5 percent back that isn’t ACH…There wasn’t a I remember excitedly people sharing big wins in the discord group. That is gone, or very small compared to where it was.

Developer Response ,

Hi there, thanks for being a loyal Fold user for so long and for sharing your feedback.

We understand your concerns about the changes. Fold has grown to be more than just a debit rewards card; it’s the leading place to manage your personal finances in bitcoin. You're right that spins are less of a focus, but we'd like point out that rewards have not diminished; there are more than ever for those who use all the features of their Fold account. Premium users are averaging up to 3% back through card and merchant boosts, and up to 1.5% back on all bills, including mortgage, rent, and credit cards.

By the way, have you seen the recent Fold App Fridays on X where we give away 21,000 chances at a full bitcoin each week? Also if you're interested in a personal chat on how to maximize your rewards, especially with our new ACH rewards program, please shoot an email to feedback@foldapp.com. Thanks again for your continued support!

Fold is a joke

After seeing a friend spin the wheel and “win” satoshis, I was excited enough to open and account and try it myself. The entire experience was a complete disappointment. I have to say that I’m not a Bitcoin millionaire and my usage is one that I’m comparing to experiences using credit and debit cards and earning rewards. First off, the reward rate never averaged above 1.5%, which didn’t compare with my other credit cards. Second, the card itself took 3+ weeks to arrive, and is about the quality you’d expect from a 1985 library card or Kroger rewards card. Basically the opposite you get from the Apple Card, etc. Third, it’s a pain to remember to come back to the app to spin the wheel, and those spins expire, so you’re constantly having to come back to the app after each purchase. I have better ways to spend my day. Lastly, when I tried to withdraw money from my account, there wasn’t a single ATM that would do so anywhere near me (I live in a metro with Costco, Target, Whole Foods, Nordstroms, but no fee free ATMs for Fold). So when I asked for a check to be sent to me, they charged me for that, and for “activating” my account. Fold is a bust. Just get an Apple Card and get 2% back.

Developer Response ,

Hello! Thank you for taking the time to leave a review and provide valuable feedback! With our variable rewards program, there is an element of randomness to the rewards.

The original cards were temporary cards to allow us to get cards to our members hands. Updated cards have been sent to everyone and anyone who signs up gets the new card.

A lot of exciting things have happened since you've left the review. If you aren't still using the app/card, I'd suggest taking another look into it!

If you like where we have gone, we'd love it if you reconsidered your review!

Thank you again for your feedback!