Fold Card
- Apple Pay enabled
- USA checking account
- Fun gamified experience, daily spins to win some sats
- No cashback on the free plan
- Only BTC supported, plus cannot deposit BTC, can only buy it on Fold
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Key Features
| Visa or MC | |
|---|---|
| Debit or Credit | Prepaid Card |
| Denominated In | $ USD |
| Apple Pay | Enabled |
| Monthly Fee | 0.00 USD |
| Monthly Inactivity Fee | 5.00 USD |
| Crypto to USD Crypto->USD Conversion Cost | ~1.5% |
| Highest Cashback | up to 1.5% |
| Entry-Level Cashback | None |
| Entry-Level Cashback Monthly Cap | N/A |
| Daily Spending Limit | 10,000 USD |
| Daily ATM Withdrawal Limit | 1,000 USD |
| Foreign Exchange Fee | 3% |
| Crypto to Fiat Conversion | Manual when Preloading |
| Crypto Asset Management | Custodial (stores crypto keys on your behalf) |
| Supported Countries | United States |
| Supported Cryptocurrencies | BTC |
Fold Card Benefits and Rewards
Fold offers up to 1.5% cashback for card transactions, but only with a paid plan:
Spin |
Spin+ |
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| Monthly Cost | Free | 10 USD |
| Cashback | None | 1.5% on travel, dining, entertainment, 0.5% on the rest of card purchases |
| Crypto-to-USD Fee | 1% | 0% |
Reality Check While Fold Card promotes up to 1.5% cashback, if you're an entry-level user with 1,000 USD in assets, you'll qualify for 0% cashback.
Are other cards more generous at base tier? Yes.
| Fold Card | Industry Average1 | |
| Entry Level Cashback | 0% | 1% |
| Entry Level Cashback Monthly Cap | N/A | 400 USD |
Fold Card is a Prepaid Card
- Debit Card
- Credit Card
- Prepaid Card
- US
USA-based Bank Account- in your name
Fold Card is a prepaid card carrying its own balance, and you'll need to top it up before use. Alongside, Fold offers you a personal bank account. You'll receive a USA-based bank account number, issued in your name, which is a nice additional option to have.
Useful:Some crypto card companies only allow fiat deposits from accounts that are directly in your name. With Fold, third party senders are able to deposit funds into your bank account, which means you can receive fiat withdrawals from exchanges or receive salary payments.
It Comes in Both Physical and Virtual Forms
You can get Fold Card in either a physical or virtual version. The virtual card is instantly available online after completing KYC Identity Verification. Applying for and activating a physical card will replace the virtual one.
Wondering about the perks of each card type? Here are some highlights:
Physical Card | Virtual Card |
|---|---|
| ATM Withdrawals | No ATM Withdrawals |
| Required for Car Rentals, Hotels | No Tangible Asset |
| Useful When Phone Dies, or no Wifi | Apple Pay Enabled: Virtual but In-Store Ready |
| Backup Payment Method | Instant Availability |
Cost to Order: 0 USD | Cost to Order: 0 USD |
Useful:Since Fold Card supports Apple Pay, you can use this card in real life, whether you have the virtual or the physical version.
Crypto-to-USD Conversion Cost with Fold Card
Fold Card Requires Pre-Load
Before you can use your Fold Card, you will need to top-up your account. This means you will have to convert your crypto in advance, exchanging it to USD and moving it to the card account, to make it available for spending.
| Crypto to Fiat Conversion Fee | 1% |
| Sell Spread | ~0.5% |
| Load Fee | 0% |
| Transaction Fee | 0% |
| Total Crypto to USD Cost | ~1.5% |
Reality Check:Compared to the average ~1.8% crypto-to-fiat cost of other cards, converting crypto with Fold Card will cost you about the same (~1.5%).
From all crypto cards we reviewed for North America, Crypto.com Card, Shakepay Card and Netcoins Card offer the cheapest crypto-to-fiat conversions (~0.75%, ~0.75% and ~1.1% respectively), while converting crypto with Coinbase Card will cost you the most, ~4%.
How Does Fold Card Compare to Other Crypto Cards?
Fold Card ranks #43 out of 63 amongst all the crypto cards we have reviewed so far. This card is a solid choice among the many crypto cards available, offering competitive features and benefits.
We compared Fold Card with 10 similar crypto cards, available for the same geographical region. See the resulting pros and cons below.
Weakest Features Against Competitors
Compared to its 10 competitors, here are the shortcomings of Fold Card:
- Offers up to 1.5% cashback (while other cards give an average of 3%).
- Has a foreign exchange fee of 3% (other cards have 1.5% average).
- Supports only 1 cryptocurrency, BTC (while other cards support an average of 30).
- Lesser-known company with a 3/10 brand authority score (the average for all competing cards is 6/10).
- Requires preconversion of crypto to load the card (while 30% of competitors auto-convert on every purchase).
- Doesn't offer any free ATM withdrawals (in contrast to 40% of crypto cards which offer an average of 200 USD free withdrawal allowance per month).
Fold Card vs. Crypto.com Card vs. Coinbase Card
Fold Card
|
Crypto.com Card
|
Coinbase Card
|
|
|---|---|---|---|
| Monthly Fee | 0.00 USD | 0.00 CAD | 0.00 USD |
| Crypto to Fiat Cost | ~1.5% | ~0.75% | ~4% |
| Highest Cashback | up to 1.5% | up to 5% | 1% |
| Entry-Level Cashback | 0% | 1% | 1% |
| Daily Spending Limit | 10,000 USD | 35,000 CAD | 2,500 USD |
| Daily ATM Limit | 1,000 USD | 700 CAD | 1,000 USD |
| Foreign Exchange Fee | 3% | 2% | 2.49% |
| Asset Management | Custodial | Custodial | Custodial |
Availability for  United States |
|||
| Supported Cryptocurrencies | 1 | 22 | 235 |
| Apple Pay | Enabled | Enabled | Enabled |
| Customer Service | Great | Bad | Great |
| Brand Authority | Less-Known | Well-Known | Well-Known |
If you plan to use your card for daily purchases, then daily spending limit is an important consideration for you. Crypto.com Card offers the highest daily spending limit of 35,000 USD. You will get lower daily limits with Fold Card and Coinbase Card.
Cashback rewards are a great way to earn back some of the money you spend on your card and is an important consideration as well. Out of the three, Crypto.com Card offers the best cashback rewards of up to 5%. The cashback rewards for Fold Card and Coinbase Card are not as high.
To make a good choice, look through all features, as it is an individual choice. If you will mostly do online transactions with this card, then Apple Pay availability may not be a very important feature for you. If you travel a lot, foreign exchange rate will matter. And so on.
Fold Card ATM Fees: The Real Cost of Cashing Out
Local ATM Withdrawals in USD
Here's a breakdown of the fees you'll face when making local ATM withdrawals with your Fold Card:
Starting with an initial amount of 200 USD in BTC, the ATM withdrawal with Fold Card will cost you a total of ~9.5 USD (4.8% of 200 USD), resulting in a final cash withdrawal of 190.5 USD in hand.
Doesn't Fold Card Offer Free ATM Withdrawals?
No, it doesn't. Which is a shame, because 40% of competing cards offer free ATM withdrawals, typically allowing up to 200 USD per month without fees.
International non-USD ATM Withdrawals
Things will get significantly worse for International ATM Withdrawals. If you're out of country and cashing out with your Fold Card, here's what it will look like:
For an international withdrawal using your Fold Card with an initial 200 USD in BTC, you'll incur fees totaling ~21.32 USD (10.7% of 200 USD), leaving you with 178.68 USD in the equivalent foreign currency.
Reality CheckCompared to other crypto cards, Fold Card is more expensive for both local and international ATM withdrawals:
| Cost with Fold Card | Cost with Other Cards | |
| Local ATM Withdrawals | ~9.6 USD (4.8% of 200 USD) | ~9.2 USD (4.6% of 200 USD) |
| International ATM Withdrawals | ~21.4 USD (10.7% of 200 USD) | ~18.4 USD (9.2% of 200 USD) |
From all crypto cards that we reviewed, Netcoins Card, Crypto.com Card and Wealthsimple Card offer the cheapest local ATM withdrawals (2.6%, 4.2% and 4.5% of 200 USD respectively), while Gemini Card scores the worst, landing last on the list with a total local ATM withdrawal cost of 8.2% of 200 USD.
We Tested Fold's Customer Support
We asked Fold's customer support different questions, and then rated their responses to evaluate how good their support is.
Why should you Care:When you'll have a money-related question, like a missing deposit or being overcharged - having good support at that moment will be crucial for you.
Fold offers support via the following channels:
| Phone | +1 (866) 365-3277 |
| Web Form | https://support.foldapp.com/hc/en-us/requests/new |
Location: Fold customer service reps are located in 
Philippines and United States.¹
| Support Channel | Our Interaction | Score |
Web Form (replied in 4 h 0 min) | Detailed reply, although information provided on the ATM fee was somewhat confusing - stated no fees, but the link given had a fee listed. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
Web Form (replied in 3 h 17 min) | Professional and caring reply to a question about external BTC deposits. | High Competence Somewhat Personalized Flawless English, Professional Tone 9.5/10 |
Web Form (replied in 2 d 9 h ) | Good and to the point reply about 3DS security feature. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
Web Form (replied in 4 h 39 min) | Openly answered a question about spread, pointing out that liquidity providers may charge additional spread. | High Competence Not Personalized Adequate English, Professional Tone 8.5/10 |
Web Form (replied in 4 h 25 min) | Gave a quick and good answer to a question about ATM fees. | High Competence Not Personalized Flawless English, Professional Tone 9/10 |
To summarize,
Competence and Problem-Solving: Fold's customer service agents are highly competent, so you can expect every issue to be resolved with professional expertise and a thorough understanding.
Customer Love: You will not get addressed by name and answers to your questions will be generic. Fold's customer support agents do not make an effort to personalize their replies.
Reply Speed: Response times are inconsistent, ranging from as quick as 3 hours to as slow as 2 days.
Overall Customer Service Rating: 9/10
This excellent score places Fold's Customer Service well above the crypto card industry average of 7.2/10.
Fold Referral Code - to Get 12 USD Bonus
You can use referral code HPFX3LEA to get 0.0002 BTC (~12 USD¹) bonus when you create an account on Fold platform.
Here's how you can enter the referral code:
..or, just click here.
Your bonus will be paid out to you in BTC (Bitcoin), right after you make your first purchase with your Fold card.
p.s. Are we getting paid for referring you? Yes, and it helps us continue our mission. It's like you are buying us lunch 🍱 for all the hard work we've put into building this site. We really appreciate it. Thank you. 🙏🤗
Is Fold Card Available for Residents of United States?
Yes, Fold Card is available for residents of United States.
Fold Card supports: United States.
To see our list of available crypto cards for 🇺🇸 United States, see this list. There are currently 11 cards listed there.
You may also be interested in this article: Crypto Cards for USA: The Best Options for Americans.
Valuable Points. What's My Next Step?
Paulina Masson
Paulina has a strong background in finance and cryptocurrency. She's been involved with crypto since its early days and has observed its progression over the years. Notably, she possesses expertise in various crypto products, having personally tested and evaluated many of them. In her spare time, she is developing a crypto bot designed to automatically trade on short timeframes.
