Overview

• Cardholders earn 2% back in bitcoin instantly on every purchase, with up to an additional 1.5% for paying balances via a Fold Checking Account with qualifying activity.
• The credit card will run on Visa’s network and rely on Stripe Issuing for its backend infrastructure.
• Fold promotes enhanced partner rewards of up to 10% at major retailers including Amazon, Target, Home Depot, Starbucks, and Uber.
• The company reports processing over $3.1 billion in transactions, distributing more than $83 million in bitcoin rewards, and holding nearly 1,500 BTC in its treasury.
• Fold’s stock fell after the announcement with reports of intraday declines around 10% or more, and the company has not provided a public rollout timeline.