- Fold launches Bitcoin rewards credit card with Visa and Stripe, offering up to 3.5% back on purchases.
- Major retailers like Amazon, Starbucks, and Target join Fold’s program, with rewards reaching up to 10% in Bitcoin.
- Visa and Stripe integration ensures global use, as Fold shares swing after announcement, closing down 10% at $3.46.
Fold Holdings has unveiled a Bitcoin rewards credit card in partnership with Visa and Stripe, expanding the reach of digital asset incentives in consumer payments. The initiative positions Bitcoin directly into everyday transactions by offering structured rewards on purchases made through the Visa network.
The credit card provides users with rewards of up to 3.5% back in Bitcoin. According to Fold, customers earn 2% of the reward instantly upon making a purchase. The remaining 1.5% is credited when the balance is paid through a Fold Checking account. This tiered approach integrates digital assets into payment settlements while keeping the process consistent with existing credit card practices.
Rewards are credited automatically in Bitcoin, eliminating the need for users to exchange points or tokens on secondary platforms. Each transaction is recorded within Fold’s system, and payouts are made directly to customer accounts.
Fold Partnerships with Retail Brands
Fold has entered into collaborations with major retailers to enhance reward opportunities. Companies named in the program include Amazon, Home Depot, Starbucks, and Target. Transactions at these retailers can generate elevated rewards, in some cases reaching up to 10% in Bitcoin.
These brand-specific incentives are designed to align merchant participation with consumer adoption. Cardholders benefit from additional rewards when shopping across different categories, from home improvement to food and beverage.
Visa and Stripe’s Global Role
Visa’s network provides the infrastructure for seamless card use worldwide, ensuring that the Bitcoin rewards system functions wherever Visa payments are accepted. The integration allows users to transact across regions without technical barriers.
Stripe, meanwhile, supports the program’s operational framework. The payment processor’s technology streamlines settlement processes and automates the delivery of Bitcoin rewards. The partnership follows Stripe’s broader expansion in cryptocurrency services, including its blockchain incubation work with Tempo and its role in enabling USDC payments on Shopify.
Market and Corporate Context
Visa has been actively developing programs that integrate digital assets into consumer finance. Reports indicate the company’s annualized stablecoin settlement volume has risen to approximately $1 billion, quadrupling earlier figures from this year. Stripe has simultaneously extended its footprint by collaborating with platforms and developers focused on digital currency adoption.
The launch of the Bitcoin rewards card comes as Fold Holdings’ stock has experienced volatility. Shares surged more than 23% in pre-market trading on the day of the announcement but later dropped about 10%, closing at $3.46.
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About the Author: Peter Mwangi
