Subnostr

Their business case relies mostly on an item that is out of their control: debit card transaction fees. So it’s hard.

I will still take 0.5% on any transaction and hopefully some bills. Any sat I get back is infinitely more valuable than getting 1% - 2% back in fiat with a credit card.

paulo 2y ago

Yeah, I totally understand that their business model is something that they can’t control.

The thing is that I can get 1% with my Gemini card (if not more). Fold dropping most rewards down to 0.5% renders their card worthless in many more situations than before.

Right now, I’m incentivized to restrict yet again its usage. I’ve been restricting its usage for a year. If this keeps going this way pretty soon usage will be a big old zero.

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Discussion

Alejandro 2y ago

I’ll have to look at the Gemini card. Are you happy with them?

paulo 2y ago

A lot happier than with Fold, that’s for sure.

The only surprise I had with them was that they stopped waiving transaction fees when withdrawing (fair enough, I guess).

It’s a credit card, though. Maybe that’s what’s making a difference here.