Fold Launches Bitcoin Credit Card With Stripe and Visa

Key Takeaways:

• Fold introduces the first bitcoin-only rewards credit card in collaboration with Stripe and Visa.
• Users receive 2% back immediately in Bitcoin and with rewards increased to up to 3.5% in specific circumstances.
• No stakes, no account exchange, no classifications, rewards are automatic and every swipe pays in Bitcoin.

Fold is elevating its crypto game. Making its official announcement, the Bitcoin-first financial platform has introduced its new Fold Bitcoin Credit Card that is issued using the Stripe issuing infrastructure and the Visa global network. This card is a significant accomplishment: a credit card that works with Bitcoin, provides a simple and automatic BTC reward- no magic to follow.

The latest product by Fold does not have complex features as the company has created Bitcoin for everyone, which is earned by spending money every day. This Stripe-supported Visa-issued card eliminates the traditional friction points that exist with any crypto-fintech hybrids. There is no need to create an exchange account, organize reward categories, or invest tokens.

According to Fold, the card will:

• Give the 2% back in Bitcoin on every purchase.
• Pay back up to 3.5% when card members use a Fold Checking Account to pay off purchases.
• Earn up to 10% back in BTC on big name retailers such as Amazon, Target, Starbucks, Uber, and Home Depot.

The CEO of Fold, Will Reeves, focused on accessibility: No categories that need to be handled, no tokens to bet, no accounts of exchange or balances to maintain, just actual bitcoin, automatically won with every purchase.

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Fold is not new to crypto payments. The company already introduced a Bitcoin debit card, crypto-backed gift cards, and an app that puts BTC rewards into mainstream business. Since launch, Fold has transacted over $3.1 billion and paid out over $83 million in Bitcoin to customers.

This credit card introduces a powerful new layer.

• No debt: Credit card purchases are usually higher than debit, giving Fold access to larger transaction volumes.
• No crypto learning curve: Customers don’t need to learn seed phrases, wallets, or staking, just swipe and stack sats.
• Mainstream integration: Visa and Stripe support the card with trusted global infrastructure.

This marks a milestone for Stripe’s consumer card-issuing business. Stripe’s Head of Money Management, Sateesh Kumar Srinivasan, said the tool was built to power customers like Fold without managing their own programs.

Visa’s crypto head, Cuy Sheffield, said Fold’s Bitcoin rewards, paired with Visa’s scale, give consumers a secure and simple way to earn BTC.

The purpose of Fold is understandable: cash-back, not code.

Other platforms are pursuing multi-token ecosystems, NFTs, or DEFI integrations, but Fold is going all in on Bitcoin-native financial products. Fold is setting itself to onboard mainstream users without scaring them by providing clean and usable services that do not require crypto-savvy clients.

This strategy has precedent. The debit card offered by Fold became popular amongst novice users, who preferred earning before learning, and making their daily shopping habits the gateway to Bitcoin. The new credit card borrows the same philosophy and multiplies it, now with Stripe and Visa supporting the infrastructure.

And all this is happening through the macro environment surrounding crypto which is still developing. As Bitcoin ETFs become popular, institutional interest is at an all-time high, and BTC trades above $40,000 in the end of September, the timing that Fold chooses may be strategic.

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Although a number of FinTech companies, including Crypto.com, Gemini, and BlockFi (pre-bankruptcy) have experimented with crypto-linked credit cards, the majority of them use multiple tokens, lock-in periods, or self-sovereign exchanges.

Fold’s offering is different:

• Single asset: It only has bitcoins.
• Live rewards: No more waiting to see monthly statements and approval.
• There are no levels of loyalty: Rewards have no relationship with the amount of crypto you stake, or the number of tokens you possess.
• No conversion cost: BTC is not converted to points or other fiat equivalents, it is provided in the real form.

Such openness may attract a wider audience- not only hardcore Bitcoiners, but any person with curiosity about crypto but not willing to enter the world of trading sites.

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