CoinsOnCards

    Issued by Sutton Bank, Member FDIC — FDIC Member

    Fold CardReview

    A U.S.-issued custodial Visa prepaid debit card earning gamified Bitcoin rewards.

    2.5· Updated: Credit card launch delayed due to infrastructure partner issues; company maintaining waitlist while seeking new partner
    Visit issuer
    Cashback
    Up to 20.0%
    Custody
    custodial
    KYC
    full
    Networks
    —
    Monthly fee
    Free
    Available in
    —

    The verdict

    Best for: U.S. residents who enjoy gamified rewards and want to accumulate Bitcoin.

    Skip if: You live outside the U.S. or want guaranteed rewards without a $100/year fee.

    • Fold+ offers 0.5% guaranteed BTC back but costs $100/year.
    • Rewards withdrawals are fee-free but batched weekly, not instant.
    • USD deposits are FDIC-insured up to $250,000; BTC is custodial via BitGo.
    Get the Fold Card

    How it works

    • ### Key Features
    • * **Gamified Rewards:** Earn Bitcoin rewards through a "spin wheel" after each purchase.
    • * **Tiered Membership:** A free tier with variable rewards and a premium Fold+ tier with guaranteed rates and fee waivers.
    • * **Mobile Wallet Integration:** Supports Apple Pay, Google Pay, and Samsung Pay.
    • * **Gift Card Marketplace:** Purchase gift cards from dozens of retailers for enhanced Bitcoin rewards.
    • * **ACH Bill Pay:** Fold+ members can earn BTC rewards on bill payments made via ACH.
    • * **Insured Deposits:** USD deposits are FDIC insured up to $250,000 through Sutton Bank. Bitcoin holdings are covered by BitGo's $250 million insurance policy.

    Funding: ACH bank transfer · Instant debit card deposit · Direct deposit (payroll)

    Fees

    BankingDirect deposit: true · Direct deposit capability for payroll; ACH transfers via Plaid/Astra

    Custody & risk

    • If the issuer disappears
      If the provider disappears, funds held in the app's Bitcoin wallet may be inaccessible.
    • Counterparty risk
      Custodial model means users do not control private keys; if provider disappears, funds in app wallet are inaccessible
    • Market risk
      Rewards limited to Bitcoin only, subjecting rewards to crypto volatility
    • Regulatory risk
      Extensive list of restricted countries where card cannot be used due to banking regulations

    Bitcoin is held in a custodial wallet provided by Fold via BitGo custody services. Users do not control their private keys and can only access funds through the app. USD funds are held by Sutton Bank in a pooled account.

    Protections

    • Two-Factor Authentication (2FA) via authenticator app
    • Real-time transaction alerts
    • Ability to freeze card instantly via app
    • PIN code for ATM/POS transactions
    • Encrypted data transmission and storage
    • Mobile wallet tokenization security
    • Biometric authentication (Touch ID/Face ID)

    Insurance & coverage: USD balances FDIC insured up to $250,000 through Sutton Bank; Bitcoin holdings via BitGo with $250 million insurance policy; Visa Zero Liability policy for unauthorized charges

    Custody partners: BitGo, Sutton Bank

    Limits

    notes
    Account balance limit: $30,000 maximum. Gift card purchase limit: $2,000 per 24 hours. Bitcoin minimum purchase: $10, maximum per day: $15,000. Bitcoin sales maximum per day: $14,250.
    atm daily
    $1,000 (max $250 per withdrawal)
    atm monthly
    $1,000
    daily spending
    $15,000
    per transaction
    $15,000
    monthly spending
    $50,000

    The good

    • Guaranteed 0.5% Bitcoin back for Fold+ members.
    • Merchant boosts up to 15% for Fold+ members.
    • FDIC insurance on USD deposits up to $250,000.
    • Bitcoin custody via BitGo with $250M insurance.
    • ACH Bill Pay rewards up to 1.5% for Fold+.
    • Fee-free on-chain Bitcoin rewards withdrawals (weekly batch).

    The catches

    • $100/year subscription fee for Fold+ tier.
    • Rewards limited to Bitcoin only.
    • 30-day holding period on rewards.
    • Instant USD withdrawals incur a 1.5% fee.

    Limitations

    • majorCurrently available only to U.S. residents
    • majorFree tier has no guaranteed cashback rate (relies on wheel outcome)
    • moderate$100/year subscription fee for Fold+ may not be worth it for low spenders
    • moderateRewards limited to Bitcoin only (subject to crypto volatility)
    • moderateWeekly batched Bitcoin withdrawals for rewards rather than instant transfers
    • moderate30-day holding period on rewards (can extend to ~39 days in rare cases)
    • moderateCannot be used in restricted countries (extensive list maintained by Fold)
    • moderateNot all transactions qualify as Visa Signature (affects guaranteed rewards)
    • minorInstant USD withdrawals incur 1.5% fee (minimum $0.25)
    • minorNo Lightning Network support for withdrawals
    • minorLow odds on big rewards from spin wheel

    What users say

    App Store
    4.2/5.0 (2,153 ratings)
    Google Play
    4.0/5.0 (1,807 ratings)
    Trustpilot
    1.8/5.0 (23 ratings)

    Positive feedback on engaging gamified experience and easy Bitcoin accumulation; negative feedback on low odds for big rewards, premium fee value for low spenders, and occasional technical issues

    Rating breakdown

    Net reward
    0.0
    Custody risk
    2.0
    Availability
    1.0
    User experience
    4.1
    Features & convenience
    4.2

    See our methodology for how we score each axis.