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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.
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!
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