How do I earn rewards?
You can earn up to 3% back in bitcoin on bill pay with Reserve**
**Anything above the Reserve Balance Tier, eg. $5,000, earns 1.5% on credit, 0.25% on debit and nothing on bill pay. The rewards boost also goes to one card only (credit OR debit, but not both), and if the customer has a credit card, the rewards will automatically default to the credit card over the debit card. The 5% rate requires the Fold Bitcoin Credit Card and a $100,000 Fold Reserve balance, and applies to your first $5,000 in eligible purchases each month. 1.5% back in bitcoin on eligible purchases, with no cap. Rewards are earned on your eligible spend, not on your balance. Holding a Fold Reserve balance can boost your rate on your first $5,000 in eligible purchases each calendar month. Eligible purchases above that amount, and all eligible purchases if you do not hold a qualifying Reserve balance, earn the 1.5% base rate. You earn a boost on only one card at a time. Rewards are provided by Fold, not Celtic Bank. Rates are subject to change. See the Cardholder Agreement and our Terms and Conditions. The Fold Bitcoin Credit Card™ is issued by Celtic Bank, pursuant to a license from Visa U.S.A. Inc.
Tier | Reserve Balance | Credit card rewards | Debit card rewards | Bill pay rewards |
Non-Reserve | $0-4,999 | 1.5% | 0.25% | 0.00% |
1 | $5,000 | 1.5% | 0.25% | 0.25% |
2 | $15,000 | 1.75% | 0.5% | 0.5% |
3 | $25,000 | 2% | 1% | 1% |
4 | $50,000 | 3% | 1.5% | 1.5% |
5 | $75,000 | 4% | 2% | 2% |
6 | $100,000 | 5% | 3% | 3% |
How much can I earn?
You can earn up to 3% back on payments up to the amount of your Reserve Tier. Any payments made beyond that amount do not earn rewards.
What is an ACH Bill Payment and how do I do it?
ACH Payments are payments made from one bank to another. You can do this using your account and routing number. To see your account and routing numbers, follow these steps:
Open the Fold app
Tap the menu hamburger in the top left corner
Under the Banking heading, tap Direct deposit
The process may vary from biller to biller, but follow these steps to make a payment:
Log-in to biller portal
Navigate to pay bill section
Add payment method (note: you can not use plaid or other "log - in based" linking methods, must do manually by account and routing number)
Select "pay by bank", "e-check", "bank transfer", "ACH payment", or similar
If it asks you what kind of account, select "checking"
Enter your account and routing number
Submit Payment
Note: depending on your biller, they may need to verify your account with microdeposits when you add a payment method.