The $50 deposit bonus is a benefit of the premium Fold Card. You are eligible to receive the $50 Deposit Bonus at the conversion rate in effect on the day you register your card. During the first year after registering for your physical card, one-twelfth of the Deposit Bonus will be earned each month you have at least $500 of deposits. For a month where your deposits are less than $500, one-twelfth of the Sign-up Bonus is forfeited.
The Deposit Bonus is only for first year Premium cardholders.