We recently announced several changes to our reward program, including the addition of sats back on ACH payments. However, there are qualifications that must be met in order to receive these rewards:
1.) You must be a Fold+ member for the entire month, beginning at 00:00 UTC on the 1st of any given month.
Turning off auto-renewal may impact your ability to earn ACH rewards, because if your membership expires or lapses, you will be unable to earn rewards until the following month. If you upgrade to Fold+ in the middle of a month, you will not begin to earn rewards on ACH payments until the following month.
2.) You must have had enough qualified spend in the month preceding the ACH payment to cover the transaction.
Qualified spend is recorded as any Visa Signature purchase that settled in the previous month, and only received the base 0.5% category reward. Debit card transactions that received a category boost do not count toward this total. Bitcoin purchases, including all automations, and gift card transactions using your Fold debit card are also counted towards your monthly qualified spend.
3.) Your current monthly ACH payments have not exceeded your previous month's qualified spend.
You can only earn rewards on up to your total qualified debit card spend in the previous month. For example, if you had $5,000 in qualified spend in the previous month, you will earn 0.5% on the first $2,500 of total ACH payments, then 0.25% on the remaining $2,500 total ACH spend. Anything after $5,000 in total ACH spend will receive 0 rewards.
Qualified spend does not roll over month to month, so you must use it or lose it.
Updated