People think this is just another credit card that pays sats, but it’s not.

Both traditional credit, and also bitcoin backed credit rates with the Fold card. Instant pay bitcoin to pay off your card.

We literally just talked about this on the latest Roundtable. Credit networks will remain the major payment networks for the near future, but they will be expanded, reserved, and settled in Bitcoin.

I’m about to stack so many sats back it’s gonna be retarded.

They are also giving away a shit ton of prizes so reserve a spot:

https://use.foldapp.com/r/GUYSWANN

https://m.primal.net/ObiA.mov

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Discussion

Do you still have to spin a wheel for rewards? If not I might go for it.

There’s still a free spin per day but the rest of the rewards are just percentage of spend based. It’s a bit overcomplicated in that your non-ACH spend affects your rewards for ACH spend but it’s better than nothing and you still will probably come out ahead.

2% flat on the cc

Did they change it again?… last time the transfer fees cost more than the sats I earned and though I know in the long term it’s better, but you still couldn’t withdraw until you had 50k in sats also.

That was a *debit* card (and you can just direct deposit to it and solve that). They are launching a *credit* card in addition.

Tried to sign up. Forgot places like this dont like VPNs. Got locked out. Guess I'll wait 😅

IM SO EXCOTED

does it work in ES 🇸🇻

Sorry don’t know 😬

I haven't heard anything on a APR range yet, have they said? Also curious if you can do a balance transfer if you have a different card.

Just rumors and conversations. Nothing specific so far AFAIK

My place on the wait list changes every hour lol

🤙 infinite money machine

How is it different than BlockFi?

If this allows a secured loc on Bitcoin deposit then that is different

According to the ceo on the podcast with Walker- It does not.

This is a regular unsecured credit card just with Bitcoin rewards and based on your credit score

Bitcoin backed credit rate. Don’t have details but it’s a really cool idea and I’m excited to see the difference.

Bitcoin is trash. Monero is the only real cryptocurrency.

Why is this better than the Gemini card?

Bitcoin backed option with lower interest rate.

I always pay my full statement balance..

Well executed release .. I’ve added every fold gimmick possible to get points and move up the list

🤣🤣

When I tried using Fold it required that I open an app constantly and play some cheesy spinner game. Is that still the case?

Nah, they dropped that a while ago. You still have a duly spin if you want it but I forget about it.

I’m assuming it’s worth the $100 a year fold+ membership?

I already make way more in sats month to month on the debit and gift cards. But the credit card should allow me to ramp up my sats back quite a bit.

Fold is the next BlockFi

Negative, BlockFi is trashy 😂

Was ☠️

Centralised plus KYC, what should happen?!

I see

Is this card only available for US citizens? Or can we get hands on that in Europe too?

Now, I just wish I was living in the USA….

Wow, so much KYC shilling including a referral link.

Are you suggesting you don't have a debit/credit card or bank account? Or that you only use establishment fiat services that don't give you any bitcoin? 😘 😄

Also referral link gives you free sats so if you want to have bitcoin integrated into your banking it would be stupid, imo, to not use a referral link.

There is no free lunch. Someone is paying for those "free sats".

I am saying KYCing Sats is not the way. It will hurt free money in a big way if we continue bending over for regulators.

For the UK as well?

Not supported in the Netherlands 🇳🇱🥲

Thank you for sharing . Cookie appreciate it 😍

I literally just switched everything to strike and now they have me considering switching back.

I just hope I don't get declined for the card. 😂

The metal card is definitely pretty

This is big news. To be honest, if Fold did not create a credit card, I don't think the company would make it. Now I'm bullish about Fold.