Fold review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Fold gives US customers a prepaid Visa account and a bitcoin rewards credit card in one app. The prepaid account charges $0 a month, converts currency at 0% and pays 1.5% back in bitcoin, while borrowing on the credit card costs 20.49% to 29.44%.
Key facts
- Best for
- Earning bitcoin cashback on everyday US spending with no annual fee
- Monthly fee
- $0↗
- Currency conversion fee
- 0%↗
- Free ATM withdrawals
- $0↗
- Card type
- Prepaid↗
- Top-up fee
- Direct deposit $0; instant debit 1.5% of deposit, max $25; cash reload not accepted↗
- Card network
- Visa↗
- Currencies
- 1↗
- Custody
- Custodial↗
- Legal entity
- Fold, Inc.↗
- Headquarters
- United States↗
- Founded
- 2019↗
- Support channels
- Email, Phone, Help-centre, Community↗
- Features
- Crypto, Custodial
- Official website
- foldapp.com
Credit cards
- Annual fee
- $0↗
- APR
- 20.49% to 29.44%↗
- Rewards type
- Cashback↗
- Rewards rate
- 1.5% back in bitcoin on all qualifying purchases, up to 4% with boosts↗
- Balance transfer fee
- 0%↗
- 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↗
- Cashback rate
- 1.5%↗
- Card kind
- Credit↗
- Regulators
- BitGo Bank and Trust, N.A., Sutton Bank, Member FDIC↗
- Pricing model
- No annual fee
Crypto exchanges
- Taker fee
- 0.95%↗
- Coins listed
- 1↗
- Fiat deposit methods
- Card, Bank, ACH↗
- Withdrawal fee
- Bitcoin network (on-chain) fees, variable; no Fold withdrawal fee↗
- Exchange type
- Cex↗
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedInXinstagram.com
Pros and cons
Pros
- Cashback of 1.5% paid in bitcoin on every qualifying purchase, with a higher rate on boosted spending
- Card controls sit in the app: instant lock, unlock, replacement, fraud alerts and instant Apple Pay and Google Pay provisioning
- Support runs on email, phone and help centre, so phone and help centre are both available when a card is blocked
Cons
- Cash machine withdrawals are charged, because the free ATM withdrawal allowance is $0
- Borrowing on the credit card costs 20.49% to 29.44%, above the 15.5% site median
- The top-up fee takes a percentage of an instant debit load, capped at a fixed amount, while direct deposit is free
Who it suits
- US customers who want a prepaid Visa account and a bitcoin rewards card in one app
- People who already hold bitcoin and want spending paid back in the same asset
- Spenders who settle the statement balance in full and never carry interest
Who should look elsewhere
- Skrill, which charges €5 a month where the Fold prepaid account charges $0
- JMMB Moneyline and JMMB Money Transfer prepaid card, a flat prepaid card billed at JMD 0 a month rather than a rewards card
- CrediMax Cardy EX prepaid Visa, at BHD 0 a month, for spenders who want spending set up through a prepaid card rather than a rewards credit card
Where it sits among rivals
Fold sits at position 1 of 422 brands on the monthly fee. Free ATM withdrawals rank in the opposite direction, at position 44 out of 124 brands. On this evidence the monthly cost is the strong point and cash machine access is the weak one.
How Fold compares
8.8 vs 9.4
8.8 vs 9.0
8.8 vs 8.9
8.8 vs 9.4
8.8 vs 8.7
8.8 vs 9.2
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8.8 vs 9.3
8.8 vs 8.9
8.8 vs 8.6
8.8 vs 9.2
8.8 vs 8.4
8.8 vs 8.5
8.8 vs 8.8Skrill charges €5 a month, while the Fold prepaid account charges $0.
8.8 vs 9.0
8.8 vs 8.6
8.8 vs 8.3
8.8 vs 9.5
8.8 vs 9.4
8.8 vs 9.4
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8.8 vs 9.2
8.8 vs 9.1
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8.8 vs 9.1
8.8 vs 9.0
8.8 vs 9.0
8.8 vs 9.0
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8.8 vs 8.0- 8.8 vs 8.0
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 it cost to hold and use a Fold card?+
The prepaid account carries a monthly fee of $0, the credit card an annual fee of $0, and the credit card currency conversion fee is 0%. Buying or withdrawing bitcoin on the exchange side costs a taker fee of 0.95%, which is where crypto activity charges.
Who issues the card, and where is the money held?+
The prepaid card is issued by Sutton Bank, a member of the FDIC, with Marqeta, Inc. as program manager, and the credit card is issued by Celtic Bank under a Visa U.S.A. Inc. licence. The listed banking partners are BitGo Bank and Trust, N.A. and Sutton Bank, Member FDIC, and Fold, Inc. is the legal entity behind the app.
What do I earn for spending on the card?+
Spending earns 1.5% back in bitcoin on every qualifying purchase, and the reward type is cashback. Paying the statement balance in bitcoin earns a boost above that rate, and the app tracks reward balances in real time.
How do I add money to the account?+
The top-up fee is free on direct deposit, while an instant debit load takes a percentage of the deposit capped at a fixed maximum. Deposit routes listed are card, bank and ACH transfer (card, bank and ach), so the account is funded from a bank account or a card.
What does it cost to withdraw my bitcoin?+
Bitcoin withdrawals pay the underlying network on-chain fee, which varies with conditions, and the exchange side takes a taker fee of 0.95% on trades. Coins are held in a custodial arrangement, and the exchange inside the app runs as a cex platform, so custody and trading sit with Fold.
Can I use the card abroad?+
The card runs on the visa network and the account covers 1 currency, with a credit card currency conversion fee of 0%. Fold is headquartered in the United States and the accounts run through US banking partners, so the card is aimed at US spending.
What does it cost to carry a balance on the credit card?+
The card is a credit card, and borrowing is priced at 20.49% to 29.44%, above the 15.5% site median. The prepaid side is listed as prepaid, so the two products work differently: spend from loaded funds, or carry a statement balance and pay interest on it.
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, Exchange type, Fiat deposit methods, Regulators
“The Fold Prepaid Debit Card is limited to loads and spends in U.S. dollars”
- support.foldapp.com/hc/en-us/articles/10426663999003-Fees... checked September 26, 2026
Backs: Coins listed, Taker fee, Withdrawal fee
“We aim to offer competitive, bitcoin-only pricing to give you the most sats per dollar.”
Compiled from 6 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Protection.