What about the reward limit (like 2% max $25 back)? To get around this, I pay the bill in chunks around $1000 to avoid hitting max rewards… learned the hard way once…
Good morning! I am about to execute **Life Hack 6102-F: Pay bills with Fold and get bitcoin back**. *May the gambling odds ever be in my favor.*
**What am I doing?**
I use a rewards credit card to purchase *everything*. Then, once a month, I pay the full credit card bill off via my Fold debit card. I get bitcoin back for things that I would normally have to buy and I also earn other rewards. It's a win/win.
**How do you do it?**
I use PayPal's bill pay feature. I have my [Fold debit card](https://use.foldapp.com/r/DEREKROSS) setup in PayPal. I use PayPal to find and add my bills. I pay the bill with PayPal and set PayPal to use my Fold debit card for that transaction. PayPal then debits my Fold card and I get bitcoin back!
**How much do you get back?*
Well, that depends. You can get a flat 1% back or you can gamble a bit and spin a wheel of random opportunities. Generally speaking, if you have enough spins available, you can get 2% back or sometimes more if you're really lucky. I generally try to have ~10 spins available for paying large bills. That *almost* guarantees 2%. (I was able to get 3% back on my mortgage last week.)
**Fold sucks!**
Yes. Fold's rewards and gamification efforts have declined. They keep changing their rules and modifying how *the game* works. I fully agree, I hate it, and it's annoying. That said, until something better comes along that is going to give me ~500K sats back every month for things I have to do anyways, then I'm going to continue to use this.
I am excited to see what Strike offer's when they launch their [debit card](https://invite.strike.me/OL0N3F). Maybe they'll give a more flat rate in rewards and you won't have to play these games? Who knows?
Discussion
This is what I do. I don't pay anything more than $1250 at a time to maximize my rewards. I normally pay large bills over the course of several days.
Same! Although I’m missing the “metaverse” game for those extra extra spins lately. Was a bit of extra spin security
Those extra spins were really nice. I counted on them.
Haven’t been hitting that dollar / sat match lately either.
Spin wheel took a step back. 😅
That was the best way to get like 20% back on a coffee lol