Fold Debit Card

VERIFIED 27 Sep 2026 (pass 2) against binding documents: the Fold Card Cardholder Agreement with Sutton Bank (effective 9 Dec 2024; short form disclosure and fee schedule), which the help centre links as the current agreement, and the Fold Terms and Conditions (last updated 14 Aug 2026: eligibility in s.2.1, Rewards Program in s.19, Fold+ Membership Terms and benefits table in s.19.8), plus Fold's help centre (articles updated 5 Feb to 22 Sep 2026), the official rewards and debit card pages, the 27 Jan 2026 customer letter and Fold Holdings' Form 10-Q for the quarter to 30 Jun 2026. MODELLED: two plans. Fold Card (free) earns 0% on card purchases: the help centre (22 Sep 2026) lists card spending rewards as available on the Fold+ plan only, the Terms give card boosts to Fold+ members only, and the card page says Fold+ members get cashback rewards. Fold+ costs $100 a year or $10 a month (Terms benefits table, cardholder agreement fee schedule, help centre 22 Sep 2026, 10-Q); the yearly price is modelled. It pays a guaranteed 0.5% in bitcoin on Visa Signature purchases that don't get a card boost (help centre and rewards page; the Terms define boosts but give no rate, so the 0.5% rests on official help and product pages). No monthly cap on spend or rewards; the Terms cap the rewards account balance at $10,000 at any time, so rewards must be withdrawn to keep earning. Rotating category boosts (up to 1.5%), merchant boosts (1% to 14%, or up to 15% per the rewards page), gift card rewards, ACH bill pay rewards, the daily prize wheel and the 90-day free trial are left out of the rates. FX: the Fold Card charges a flat $3.00 per foreign transaction and Fold+ $0 (fee schedule; Terms benefits table). The engine takes one percentage per card, so fx.rate is 0.03, the free plan's fee on a $100 purchase, following the Uphold $1.50 convention; it affects no open region because the card is US-only and US residents are modelled spending USD. No per-purchase conversion fee: purchases spend a prepaid USD balance. REGIONS: US only (Terms s.2.1: US citizens or lawful permanent residents living in the 50 states or DC with a Social Security number; ITINs not accepted). The cardholder agreement's older wording allows legal residents with a US tax ID; the newer Terms are stricter and are used. STATUS: live; the help centre (11 Sep 2026) describes applying in the app with no credit check. OPEN: Fold's 27 Jan 2026 customer letter said it would eliminate Fold+ subscriptions and refund pro-rated fees in Q1, but the 10-Q (filed 11 Aug 2026) says Fold still intends to eliminate the fees during fiscal 2026, and the Terms (14 Aug) and help centre (22 Sep) still list $100 a year or $10 a month; upgrading now goes through a support request. Fold also plans to start moving customer accounts to Lead Bank later in 2026 (press release filed with the SEC, 6 Aug 2026), so the card agreement may be reissued. When the fee goes, re-check whether the 0.5% rate is kept for all users and remodel as one free plan. Minimum withdrawal: the Terms say 30,000 sats; a July 2026 blog post says there is no minimum (binding Terms used). Verify the Fold+ fee and base rate again after Fold's next announcement.