reply on: Stripe, Visa to power Fold’s new bitcoin rewards credit card - TipRanks.com \ stacker news ~Stacker

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113 sats \ 5 replies \ @SatAttack 23 Sep \ parent \ on: Stripe, Visa to power Fold’s new bitcoin rewards credit card - TipRanks.com Stacker_Stocks

When they first came out the rates were the same. I was doing some serious stacking back then playing some fun fiat games. I had a HELOC on a condo and I would Cycle cash from there, through another bank, then to paypal where I would use the fold to pay back my HELOC and I could make 2.5% in sats on $6k every few days. Those sat returns dramatically dropped though and I didnt feel too great about supporting a visa company anyways so I haven't been on the platform in a while.

and those were the times of 17k BTC!!! So I have some sick sat return pictures. i have a few 1.9kk sat returns and I stacked nearly 9kk sats with it

20 sats \ 2 replies \ @gmd 23 Sep

Back in the day it was so great... you could collect spins on small purchases then save them to get huge 10%+ returns on your big purchases. Used it to pay of taxes, loans, extra 0.5% off Amex/Citi credit cards etc... slowly returns have gotten nerfed but this were amazing for a while.

63 sats \ 1 reply \ @grayruby 23 Sep

There used to be so many generous Bitcoin rewards options back in the day. I remember earning something like 100k sats on fountain the first six months I was on the platform. Now all my sats come from boosts. I have earned 180 sats rewards in the last month. Haha

60 sats \ 0 replies \ @gmd 23 Sep

yup! I remember being on vacation in Hawaii, picking up $80 of stuff at Safeway there and spinning 100% free on my Fold... pretty amazing. I think my fold rewards are worth over 20k now and it's been fun seeing the fiat value go up with time..

82 sats \ 1 reply \ @Cje95 OP 23 Sep

Especially at the beginning Fold was much more at the mercy of whoever the middle man was. Now thats not nearly the case. One of the things that hit people and they initially didnt see was that you had to spend X amount using your Debit Card to unlock various sats back percentages. Plus you had to be a Fold+ Member which only made sense.

You can earn up to 1.5% back on your ACH Bill Payments. You'll get 0.25% back up to your previous month's spend with the potential to boost the rewards on your first $2,500. non ACH prior month spend Rewards on first $2,500 Rewards after first $2,500 $0.01 - $4,999.99 0.25% 0.25% $5,000 - $9,999.99 0.50% 0.25% $10,000 - $19,999.99 1.00% 0.25% $20,000+ 1.50% 0.25%

Overall its still pays better than most with no fees for withdrawal.

0 sats \ 0 replies \ @SatAttack 23 Sep

I'm pretty sure they didn't make the spinning wheel like they wanted to when it first rolled around. It felt very gameable, which was fun. I was able to stock up a bunch of spins and never spin on anything other than $1k+ purchases, run some EV calculations to see when you should stop spinning or continue to spin, profit!