Stripe and Fold Join Forces on Bitcoin-Backed Credit Card

Fold Launches Bitcoin Rewards Credit Card in Partnership With Stripe and Visa

Fold (NASDAQ: FLD) is joining forces with Stripe and Visa (V) to introduce its first bitcoin-only rewards credit card, offering users a simple way to earn bitcoin on daily purchases.

The Fold Bitcoin Credit Card will operate on Visa’s network and utilize Stripe Issuing’s infrastructure, the company announced in a Tuesday press release.

Cardholders will receive 2% back in bitcoin instantly, with an additional 1.5% bonus available when purchases are paid through a Fold Checking Account with qualifying activity. Users can also earn up to 10% back at select retail partners, including Amazon, Target, Home Depot, Starbucks, and Uber.

“Our credit card delivers straightforward value, making bitcoin easy to earn for everyone,” said Fold CEO and founder Will Reeves. “No categories to manage, no tokens to stake, no exchange accounts needed—just real bitcoin earned automatically with every purchase.”

Stripe described the collaboration as a milestone for its consumer card-issuing platform, enabling fintechs to launch innovative payment tools without building infrastructure from scratch. Visa’s crypto lead, Cuy Sheffield, noted that the partnership offers “a safe, simple way to earn bitcoin as you shop.”

Fold already offers a bitcoin debit card, exchange, and gift card program, having processed over $3.1 billion in transactions and distributed more than $83 million in bitcoin rewards. The new credit card represents the next step in expanding Fold’s suite of bitcoin-native financial products.

At the time of the announcement, Fold shares were down 10% to $3.49. The company currently holds nearly 1,500 bitcoin in its treasury.