The Fold Bitcoin card, issued by Celtic Bank, will have no annual fee and will earn a flat 2% back in Bitcoin, though higher rates are possible at certain merchants or with a Fold+ subscription. More on that below.
The card is expected to open to applicants in late 2025, a Fold spokesperson says.
What else to know
As noted, the Fold Bitcoin Credit Card will offer an unlimited 2% back in Bitcoin on all purchases. But cardholders can get up to 10% back at certain merchants, such as Amazon, Target and Home Depot.
Cardholders who pay for a Fold+ subscription can earn even more rewards. Retailer-specific offers for Fold+ members will feature reward rates as high as 20% back. With a Fold+ subscription, you can also earn an additional 1.5% back when you pay your card balance from a Fold Checking Account. Fold+ costs $100 per year, or $8.33 a month.
While rewards come in the form of Bitcoin, Fold notes that Bitcoin can be converted into cash, statement credit or gift cards if you choose. There’s no redemption minimum, and rewards never expire.
The Fold Bitcoin card is the latest announcement in a recent spate of crypto credit card launches, including new products from Crypto.com and Coinbase.
