Financial services company Fold Holdings, Inc (NASDAQ:FLD) announced the launch of its Fold Bitcoin Credit Card on September 23, 2025. The company is partnering with payment firms Stripe and Visa for the new product.
According to the announcement, the card allows users to earn up to 3.5% back in bitcoin (BTC) on every purchase. The card will operate on the Visa network and is built on Stripe’s issuing infrastructure.
The company also states that the rewards structure is designed to provide consumers with a direct method for acquiring bitcoin through regular spending, though the highest reward tier is conditional on using other Fold services.
“Our credit card offers clear and compelling value and makes bitcoin easily accessible to everyone,” Fold’s chairman and CEO, Will Reeves said, “there are no categories to manage, no tokens to stake, no exchange account or balance requirements; just real bitcoin, earned automatically with every purchase. It’s simple enough for someone new to bitcoin, but built with the transparency and control early adopters expect.”
What is a Bitcoin Card
A bitcoin rewards card functions similarly to traditional rewards cards, but instead of earning points or cashback, users accumulate cryptocurrency. The Fold card provides a reward of an unlimited two percent back in bitcoin on all purchases. These rewards are credited instantly to the user’s Fold account.
While crypto cards offer benefits like earning digital currency, they come with significant risks. Users face the standard dangers of a credit card, such as high-interest debt and damage to their credit score. Additionally, the cryptocurrency rewards themselves are subject to extreme volatility, meaning their value can change unpredictably, and may also be considered taxable income, adding a layer of financial complexity.
According to the company, this feature offers a direct path to bitcoin ownership without requiring users to interact with a cryptocurrency exchange. These and other strategies within the interaction between credit cards and crypto currency are already being explored by other finance players.
How Rewards Work
To earn the maximum 3.5% reward rate, the company specifies a key condition. Cardholders must pay off their credit card purchases using a Fold Checking Account. The total reward is a combination of the standard two percent back on purchases plus an additional 1.5% back when the balance is paid from the specific checking account. This structure suggests the card offers the most value to consumers who are prepared to use the broader Fold financial ecosystem for their banking needs.
For consumers, the card can be a useful tool and also indicates more options in the future. The collaboration between a crypto-focused company like Fold and established financial players like Stripe and Visa indicates a growing trend of integrating cryptocurrency into financial products of accumulating bitcoin through daily spending. However, achieving the card’s maximum reward potential is directly tied to a user’s commitment to the company’s checking services.
Also read: Stripe CEO Explains Enterprise Shift to Stablecoins
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