110 sats \ 9 replies \ @gmd 15 Jun 2022 \ on: Daily discussion thread
Just spun $100 in BTC back on my fold care making an estimated federal tax payment. Fold recently neutered their spin odds so this was a pleasant surprise.
As a side note, just recently discovered you can use the new billpay feature on paypal to double dip on certain credit card rewards by paying off your credit cards using fold (or other debit card). Only works for certain cards, but got it to work for citi double cash and was told also works for AE. So getting 2% on citi plus extra 1-2+% from Fold in BTC. It's a nice little hack to give yourself a 1+% spending power boost in these inflating times.
I wanted to follow up on this. I just had CitiCard pull from my Fold Acct and Routing number but was unable to get sata-back since it wasn't a card swipe (Fold makes money on interchange).
You are using PayPal Bill pay, hooked up to your debit Fold Card? How are you getting CitiCard to pull from PayPal's BillPay system?
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Don't use the fold account and routing number like a checking account, instead Paypal should be charging fold via debit card access.
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I just ran this experiment and it worked. Thanks for the update here and this will be my primary setup to earning sats (double cash + fold)
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awesome! this is my first month doing this. it takes a few days for the transaction to clear and you can only submit payments during business hours which is strange.
Unfortunately they neutered the spin wheel- before I would collect 25+ spins before a big spend making it more likely than not you could hit 3-4%. Now my goal is pay off big spend every ~Friday AM to use 4 spins from Thurs, 3 spin Friday bonus and 4 spins from Friday.
Then for the next week I spend my daily 4 spin drop on something cheap like a mcdonald's $1 coffee go for broke trying to hit 2x max spend (5k sat max).
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Damn that’s amazing
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Buy Amazon gift cards on fold for a 5% Cashback discount then use robosats to and offer buys 4% over spot price for cheap KYC-free sats
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🤯 I really need to step my robo sats game up
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that sounds like a lot of work for small arbitrage but i've pretty consistently been able to get ~5+2% back on amazon cards using fold which is pretty good since I use amazon quite frequently.
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Effectively you get nonKYC coins cheaper than actual KYC coins
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