Fold Teams With Stripe and Visa to Launch Bitcoin Rewards Credit Card

Fold (NASDAQ: FLD) is teaming up with Stripe and Visa (V) to launch its first bitcoin-only rewards credit card, providing users with a seamless way to earn bitcoin on everyday spending.

The Fold Bitcoin Credit Card will operate on the Visa network and leverage Stripe Issuing’s infrastructure, the company announced in a press release on Tuesday.

Cardholders will earn 2% back in bitcoin instantly, with the potential to increase rewards to 3.5% when purchases are paid via a Fold Checking Account with qualifying activity. Additionally, shoppers can earn up to 10% back with top retail partners, including Amazon, Target, Home Depot, Starbucks, and Uber.

“There are no categories to manage, no tokens to stake, no exchange accounts or balance requirements—just real bitcoin, earned automatically with every purchase,” said Fold CEO and founder Will Reeves. “Our credit card offers clear and compelling value and makes bitcoin easily accessible to everyone.”

Stripe described the collaboration as a milestone for its new consumer card-issuing product, which allows fintechs to launch innovative payment solutions without managing their own infrastructure. Visa’s crypto lead, Cuy Sheffield, added that the partnership gives consumers “a safe, simple way to earn bitcoin as they shop.”

Fold, which already offers a bitcoin debit card, exchange, and gift card program, has processed over $3.1 billion in transactions and distributed more than $83 million in bitcoin rewards to date. The new credit card represents the next step in the company’s vision of building a full suite of bitcoin-native financial services.

At publication, Fold shares were down 10% to $3.49. The company currently holds nearly 1,500 bitcoin in its treasury.