Subnostr

Replying to

Dan

https://foldapp.com/credit-card?r=ZCuY1

FOLD app credit card go BRRRR

Meyer 11mo ago

Im a glutton for punishment with this sh*t company.

Try to mine sats via the fiat system with them but they constantly screw me with the buy/sell spreads.

In order to qualify for ACH rewards (which is all I really want to use the current platform for aside from an occasional gift card) I have to auto convert my fiat deposits to bitcoin and then sell back into cash before paying bills.

$4k deposit yesterday was executed at $900 more than the spot price they showed on the app. When I go to sell the execution price would be $900 lower than current spot price. Need to wait until $99k just to break even on the $4k deposit…

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Discussion

Dan 11mo ago

Why do you have to auto convert the fiat? Do you have fold +

Meyer 11mo ago

I do have fold+

Without auto conversion I don’t have any qualifying transactions to make me eligible for bill pay (ACH) rewards

I don’t use the fold debit card (use my Chase sapphire for day to day purchases), very rarely buy gift cards and none of my bills are payable via the PayPal bill pay hack anymore

Open to any ideas/suggestions though

Dan 11mo ago

Idk I use the debit for everything. Are Your rewards from chase better than the long term (5-10yr) rewards on sats

Meyer 11mo ago

I like getting a free 30 day float on spending and generally spend my points within a year or two on vacations as I get 1.5x extra to redeem through chase travel

Will likely shift some of my spending over to the fold credit card to earn some sats for long term savings but will still spend and earn fiat points so I don’t need to sell as many sats to take vacations