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Fold review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Fold pairs a prepaid Visa account with a credit card that pays 1.5% back in bitcoin on qualifying purchases. It suits people who already hold bitcoin, and it is free to keep, with a monthly fee of $0 on the prepaid side and an annual fee of $0.

Key facts

Best for
Bitcoin holders who want crypto rewards on a credit card without an annual fee.
Monthly fee
$0 (Source, checked September 26, 2026)
Currency conversion fee
0% (Source, checked September 26, 2026)
Free ATM withdrawals
$0 (Source, checked September 26, 2026)
Card type
Prepaid (Source, checked September 26, 2026)
Top-up fee
Direct deposit $0; instant debit 1.5% of deposit, max $25; cash reload not accepted (Source, checked September 26, 2026)
Card network
Visa (Source, checked September 26, 2026)
Currencies
1 (Source, checked September 26, 2026)
Custody
Custodial (Source, checked September 26, 2026)
Legal entity
Fold, Inc. (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
2019 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre, Community (Source, checked September 26, 2026)
Features
Crypto, Custodial
Official website
foldapp.com

Credit cards

Annual fee
$0 (Source, checked September 26, 2026)
APR
20.49% to 29.44% (Source, checked September 26, 2026)
Currency conversion fee
0% (Source, checked September 26, 2026)
Rewards type
Cashback (Source, checked September 26, 2026)
Rewards rate
1.5% back in bitcoin on all qualifying purchases, up to 4% with boosts (Source, checked September 26, 2026)
Balance transfer fee
0% (Source, checked September 26, 2026)
Perks
Extra 0.5% back when paying the statement balance with bitcoin, Instant card lock, unlock and replacement in the app, Proactive fraud alerts, Instant provisioning to Apple Pay and Google Pay, Real-time bitcoin reward tracking in the Fold app (Source, checked September 26, 2026)
Cashback rate
1.5% (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Fold, Inc. (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
2019 (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre, Community (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Crypto, Custodial

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedInXinstagram.com

Pros and cons

Pros

  • An annual fee of $0 on the credit card and a monthly fee of $0 on the prepaid account.
  • The credit card's currency conversion fee is 0%, so foreign spending adds no conversion charge.
  • Cashback of 1.5% is paid in bitcoin on all qualifying purchases.
  • Support runs through email, phone and help centre, covering phone and email.

Cons

  • Borrowing on the credit card costs an APR of 20.49% to 29.44%.
  • An instant debit top-up takes a percentage of the deposit, with a cap, while direct deposit is free.
  • Free ATM withdrawals are $0 and the prepaid account covers a single currency, so cash draws cost extra.
Fold

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Scored 8.8 / 10 by DebitCue.

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Who it suits

  • People who already hold bitcoin and want everyday spending to pay them back in crypto.
  • Card users after a credit card with no annual fee and no conversion charge: $0 and 0%.
  • US customers comfortable with a custodial setup, with support by email, phone and help centre.

Who should look elsewhere

  • Skrill, whose monthly fee of €5 suits people who want a plain account and no bitcoin rewards to track.
  • The JMMB Moneyline and JMMB Money Transfer prepaid card, which charges a monthly fee of JMD 0 for a prepaid Visa.
  • CrediMax Cardy EX prepaid Visa, for people who want a prepaid card without a credit rate of 20.49% to 29.44% attached.

Deposit protection

Fold's terms describe the setup as custodial, which means the provider holds your balance rather than you holding it directly. The card, the app and the money sit with the same company, so control over the balance rests with Fold. Readers who want to hold funds themselves should weigh that point before applying.

Fees and FX

The monthly fee is $0 and the currency conversion fee on the credit card is 0%, so foreign purchases add nothing extra. The top-up fee is where money actually moves: direct deposit is free, an instant debit top-up takes a percentage of the deposit with a cap, and cash reloads are not accepted. Funding by direct deposit keeps loading cheap.

How Fold compares

Where Fold is available

Available
United States
Licence in United States
Sutton Bank, Member FDIC (issuing bank; program manager Marqeta, Inc.), checked September 26, 2026
Licence in United States
Visa U.S.A. Inc. (license for the Fold Prepaid Debit Card; credit card issued by Celtic Bank under a Visa U.S.A. Inc. license), checked September 26, 2026
Licence in United States
BitGo Bank and Trust, N.A. and BitGo Prime LLC (bitcoin custody and exchange services), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does Fold cost to run?+

Fold charges a monthly fee of $0 on the prepaid account and an annual fee of $0 on the credit card. The main cost to watch is the top-up fee, where an instant debit deposit takes a percentage of the amount.

Can I spend abroad without a currency conversion charge?+

The credit card's currency conversion fee is 0%, so foreign purchases add no conversion charge. The card runs on visa and the prepaid account covers a single currency. Cash is the costly part, since free ATM withdrawals are $0.

How do I add money to the account?+

The prepaid account is funded by direct deposit or instant debit. The top-up fee is free on direct deposit, while an instant debit top-up takes a percentage of the deposit with a cap. Cash reloads are not accepted.

Who holds my money and what stands behind the card?+

The prepaid card is issued by Sutton Bank, a member FDIC, and the credit card by Celtic Bank under a Visa U.S.A. Inc. license. Bitcoin custody and exchange sit with BitGo Bank and Trust, N.A. and BitGo Prime LLC. Fold calls the arrangement custodial, so the provider holds the balance.

How are the rewards paid?+

Rewards are cashback of 1.5% on all qualifying purchases, paid in bitcoin rather than as a statement credit. Extra 0.5% back when paying the statement balance with bitcoin, Instant card lock, unlock and replacement in the app and Proactive fraud alerts adds extra back for paying the statement balance with bitcoin, plus real-time tracking in the app, and boosts can lift the rate.

How do I reach help when something goes wrong?+

Support runs through email, phone and help centre, so a card holder can call, email, work through a help centre or post in the community. Card controls, including instant lock, unlock and replacement, sit in the app as well, which helps when a card goes missing.

Is Fold available outside the US?+

Fold is based in the US, and both the prepaid and credit card licences are US ones. The prepaid account covers a single currency, which makes it a US product rather than a multi-currency wallet. Anyone in another market should read the terms before applying.

Sources

  • foldapp.com checked September 26, 2026

    Backs: Custody, Features, Founded, Headquarters, Legal entity, Card network, Support channels

    “Bitcoin custody and exchange services are provided by BitGo”

  • foldapp.com/credit-card checked September 26, 2026

    Backs: Cashback rate, Pricing model, Perks, Rewards rate, Rewards type

    “1.5% back on all purchases. No cap on rewards earned.”

  • foldapp.com/legal/bitcoin-rewards-card-cardholder-agreement checked September 26, 2026

    Backs: Annual fee, APR, Balance transfer fee, Card kind, Currency conversion fee

    “Annual Fee. There is no annual fee imposed for the issuance or maintenance of the Card.”

  • foldapp.com/legal/cardholder-agreement checked September 26, 2026

    Backs: Free ATM withdrawals, Top-up fee, Monthly fee, Licences

    “ATM Withdrawal $3.50 (Fold Card) / $0 (Fold Card with Fold+ Membership)”

  • foldapp.com/legal/terms-and-conditions checked September 26, 2026

    Backs: Card type, Currencies

    “The Fold Prepaid Debit Card is limited to loads and spends in U.S. dollars”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Protection.

Fold

Fold

Bitcoin holders who want crypto rewards on a credit card without an annual fee.

8.8/10See alternatives