When you use your Fold Card to pay bills (including mortgage, rent, utilities, phone, and taxes) through PayPal's bill pay feature, you have the chance to earn a flat 0.5% back. Unlike other debit card programs, Fold offers a unique opportunity to earn sats back on your bill payments, providing a non-zero chance to earn rewards for paying your bills.
The concept of this bill pay "stack hack" is constantly evolving, as it depends on the actions of third-party entities. To qualify for the 0.5% back reward, the bill payment must be processed as a Signature transaction. While Fold cannot control how PayPal or other payment processors handle transactions, if your bill payment is classified as a Signature transaction, you'll earn a flat 0.5% back reward, plus any earned Spins. However, if it is classified as a non-Signature transaction, you will earn only Spins instead.
As of 11/13/23, all Signature transactions other than bill payments are eligible for a guaranteed 0.5%-1.5% back. We encourage you to review the terms and conditions and reach out to our support team if you have any questions.