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