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0 sats \ 8 replies \ @grayruby 23 Sep \ parent \ on: Stripe, Visa to power Fold’s new bitcoin rewards credit card - TipRanks.com Stacker_Stocks
Do you have a Fold account? I think there is a waiting list. As a non American, I have to get my wife to sign up for this card and hope she lets me use it. Haha. She borrows my visa card all the time so I am sure she would be happy to return the favour right? right?
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41 sats \ 6 replies \ @SimpleStacker 23 Sep
I don't. I absolutely hate signing up for new cards but 3.5% bitcoin rewards is enough for me to change my mind
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50 sats \ 5 replies \ @SimpleStacker 23 Sep
Meh, I think 3.5% is optimistic. It looks like there's gonna be some combination of rotating boosts based on merchant/category/etc. That's extra work that I don't want to manage. If the baseline reward rate is 0.5% I think I'll pass.
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91 sats \ 4 replies \ @Cje95 OP 23 Sep
This isnt anything crazy this is what credit card companies already do. Its a common thing that is driven by rebates from either the business or the middle man. Its how Fold decides what the % back is for their gift cards.
Fold already does this for their debt card as well. For Disney plus I was getting 15% back for a few months Starbucks is currently 3% back. DoorDash if you order online and not through the app and use your Fold debit card is 10% right now as well.
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65 sats \ 3 replies \ @SimpleStacker 23 Sep
I know it's not crazy, but it's basically the reason why I don't like doing the whole credit card game. If I need to play that game in order to get a decent bitcoin reward out of the Fold card, then I'd rather just opt out.
I might still sign up for the waiting list... as a Bitcoiner maybe it's just something I should try out either way.
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40 sats \ 2 replies \ @Cje95 OP 23 Sep
I mean if you are someone who uses a Credit Card its the best bridge in my opinion. Points have been shown to be either a grand slam or a complete and utter flop (the most likely thing)
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40 sats \ 1 reply \ @SimpleStacker 23 Sep
Haha, my wife plays the credit card game. I have zero idea of it's a net positive or a net negative. But I don't have time to figure it out haha
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50 sats \ 0 replies \ @Cje95 OP 23 Sep
For me since my finances are pretty simple it was easy for me to ID where to leverage Fold and where to not so it was easily a positive for me esp because its sats and not points lol
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50 sats \ 0 replies \ @Cje95 OP 23 Sep
I have a Fold+ Account and honestly find it the easiest and really best way for me to stack sats. I dont hit the levels that some people do because I dont make enough to have $5k+ sitting on my Fold Debit Card but the sats back on stuff like Starbucks, Disney, CVS are great. If you use it to buy gift cards just make sure that it isnt US only locations! Thats what the Amazon ones are!
Considering the huge disconnect between the current financial system and BTC Fold serves a huge and critical gap to help bridge it and let people experience earning sats back.
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