Étienne Girard
Fold (Nasdaq: FLD) announced on Tuesday that it is introducing a Bitcoin-only rewards credit card on Visa’s global payment network, powered by Stripe Issuing. The card allows customers to earn up to 3.5% back in BTC on everyday purchases, without the need for categories, staking requirements, or exchange accounts.
The rewards structure includes 2% unlimited instant cashback, with an additional 1.5% boost when balances are repaid through a Fold checking account that meets qualifying activity. Fold also highlighted exclusive merchant partnerships offering up to 10% back across its network.
“It’s just real Bitcoin, earned automatically with every purchase,” said Will Reeves, chairman, CEO, and founder of Fold. “No staking, no categories, no hidden requirements.”
Expanding Fold’s Ecosystem
The launch builds on Fold’s broader consumer financial suite, which spans banking, debit, custody, and exchange services. To date, the company reports $3.1 billion in transaction volume processed and $83 million in BTC rewards distributed to customers.
By integrating Visa’s wide acceptance network with Stripe’s issuing infrastructure, Fold positions the card as a mainstream-friendly entry point to Bitcoin ownership.
Stripe and Visa Deepen Crypto Push
The rollout also reflects Stripe’s increasing involvement in digital assets. Earlier this year, Stripe launched Tempo, a payments-focused blockchain incubated with Paradigm, and enabled USDC acceptance for Shopify merchants in partnership with Coinbase.
Visa, meanwhile, continues to expand card programs tied to crypto rewards. The payments giant has already reached $1 billion in annualized stablecoin settlement volume, marking a fourfold increase compared to earlier this year.
Market Reaction
Despite initial excitement that saw FLD shares jump more than 23% in pre-market trading, the stock later reversed, falling roughly 10% to $3.46 at the time of publication.
