Fold Credit Card Card Review: 2026 Bitcoin Rewards & Fees

Fold's Bitcoin rewards credit card, issued by Celtic Bank on Visa, and the credit counterpart to the Fold debit card. It pays an uncapped 1.5% back in Bitcoin, with stackable boosts for paying the statement in Bitcoin and for Auto-Stack activity that can reach 4% on capped monthly spend. In limited rollout from a waitlist.

The 1.5% base is uncapped. The advertised 4% is a stack, not a rate: 1.5% base, plus 0.5% for paying the card balance in Bitcoin, plus up to 2% in bonus rewards that applies only to the first $2,000 of card spend each month. Above that threshold the effective rate falls back toward the base.

• Uncapped 1.5% back in Bitcoin on all qualifying purchases
• An extra 0.5% back for paying the card balance with Bitcoin, which no other card here offers
• Up to 2% in additional bonus rewards, reaching 4% total, on the first $2,000 of monthly spend
• No annual fee

• Fold advertises a paid tier (Fold+), but the card page does not publish its price or the rate it unlocks, so no Fold+ rate is recorded here
• A purchase APR applies if a balance is carried, which would outweigh Bitcoin rewards at any realistic rate

• ⚠ Access is still gated by a waitlist rather than open application, so availability is not guaranteed
• ⚠ The headline 4% applies only to the first $2,000 of monthly spend, so heavier spenders earn closer to the base rate
• ⚠ Rewards accrue inside Fold before you can move them to your own wallet

There is no IRS guidance directly addressing Bitcoin credit-card rewards. Rewards earned by spending are widely treated the same way as a cash-back rebate, so they are likely not taxable when received, with the Bitcoin taking a cost basis at its value when it posts and a later sale creating the gain or loss. This is general information, not tax advice.

Bitcoin and crypto cards have tax consequences that ordinary cash-back cards do not. There is no IRS guidance directly addressing Bitcoin credit-card rewards: in practice, rewards you earn by spending are widely treated the same as a cash-back rebate, not taxable when received, with the Bitcoin taking a cost basis so that a later sale is taxable. Treatment can differ for rewards that are not tied to spending. Spending crypto with a debit or spend card is different: each purchase is a disposal that triggers a capital gain or loss versus your cost basis, which can make frequent crypto spending a real cost and a record-keeping burden. From the 2026 tax year, US exchanges report user gains and losses to the IRS on Form 1099-DA. This is general information, not tax advice; consult a qualified tax professional about your situation.