Fold taps Stripe and Visa to bring bitcoin credit card rewards to the checkout aisle

Fold said Tuesday it will launch a bitcoin-only rewards credit card on Visa’s network, powered by Stripe Issuing, which will bring BTC cash back to everyday spending without requiring categories or staking tiers.

The company, which trades on Nasdaq as FLD, said the card will offer up to 3.5% back on purchases, available in 2% unlimited instantly, plus up to 1.5% more when customers pay off balances from a Fold checking account with qualifying activity. Fold also touted brand offers up to 10% back across a large merchant network.

Today's partnership marries Stripe’s global issuing stack and Visa’s acceptance footprint to deliver what Fold bills as a more straightforward route to BTC ownership.

"There are no categories to manage, no tokens to stake, no exchange account or balance requirements," said Will Reeves, chairman, CEO, and founder of Fold, who added that it's "just real bitcoin, earned automatically with every purchase."

The card is part of Fold’s broader consumer suite spanning banking, custody/exchange, and debit, where the company says it has processed $3.1 billion in volume and distributed $83 million in bitcoin rewards to date.

Stripe has been expanding its crypto payments footprint this year, including work on Tempo, a payments-first blockchain incubated with Paradigm, and collaborations that brought USDC acceptance to Shopify merchants alongside Coinbase.

Visa, meanwhile, continues to back card programs that integrate digital asset rewards and support cryptocurrencies. The payments provider has reportedly reached an estimated $1 billion in annualized stablecoin settlement volume, up about fourfold from earlier this year.

After surging more than 23% in pre-market trading, FLD shares were actually down about 10% to $3.46 at publication time.