Fold Debit Card vs Gemini Credit Card™
Key differences
- Fold is a debit card with no credit check required, while the Gemini Card is a credit card requiring good to excellent credit for approval.
- Gemini offers a $200 sign-up bonus after spending $3,000 in 90 days and fixed category-based rewards (4% gas/transit, 3% dining, 2% groceries, 1% everything else), while Fold has no sign-up bonus but offers gamified rewards up to 5% with daily spins.
- Fold only rewards in Bitcoin, while Gemini lets you choose from Bitcoin or 50+ other cryptocurrencies for your rewards.
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Card Material
Standard Visa debit card
Stainless steel card made from 75% recycled material.
Available colors:
Black
Silver
Rose Gold
Bitcoin Orange
Special editions:
The Bitcoin Credit Card™
Solana Edition
XRP Edition
Card Details
Card Type
Debit Card
Credit Card
Network
Visa
Mastercard® World Elite
Annual Fee
$0 for base Fold Card
Fold+ membership: $10/month or $100/year for enhanced rewards including 0.5% base Bitcoin back and up to 5% in rotating categories.
$0 - No annual fee
Rewards Details
Rewards Rate
Rewards are gamified and vary:
- Free tier: Earn at least 1% Bitcoin back with chances to earn more through daily spins
- Fold+ members: 0.5% base rewards on all purchases
- Fold+ rotating categories: 1.5% to 5% back with select merchants
- Daily Spins: All members get one free spin per day with chances to win up to 1 full Bitcoin for Fold+ members
Category-based rewards:
- 4%: Gas, EV charging, transit, taxis & rideshares (on up to $300 in spending per month, then 1% back thereafter in that month)
- 3%: Dining
- 2%: Groceries
- 1%: All other purchases
Monthly cap: 4% category capped at $300 in spend per month. Spend cycle refreshes on the 1st of each calendar month.
Rewards Type
Bitcoin (satoshis) - automatically deposited into your Fold account
Bitcoin or 50+ other cryptocurrencies available on Gemini. Easily change the crypto you want to earn, as often as you want.
Sign-Up Bonus
None
None
Rewards Cap
Gamified Rewards: Rewards are randomized through the spin system. Fold+ members earn a guaranteed 0.5% base rate plus bonus rewards in rotating categories. Exact reward amounts vary based on spins and promotions.
Monthly cap: 4% category (gas, EV, transit) is capped at $300 in spend per month. After reaching the cap, the rate drops to 1% for remaining purchases in that category for the month. Spend cycle refreshes on the 1st of each calendar month.
How Rewards Work
Bitcoin (satoshis) is automatically added to your Fold account. You can also earn extra sats through daily spins on the rewards wheel and various promotions.
Rewards are instantly deposited into your Gemini account. In some rare cases, rewards are deposited when the transaction posts. Some exclusions apply to instant rewards. Subject to Rewards Program Terms.
Signing Up
Availability
USA only
USA only
Eligibility
Available to: U.S. residents only
Requirements: Must fund the card with your own money (debit card)
Available to: U.S. residents (subject to credit approval)
Credit requirement: Good to Excellent credit recommended
Credit Check
No credit check required - This is a debit card funded with your own money
Good to Excellent credit recommended
Using The Card
Foreign Transaction Fees
See terms for international transaction fees
$0 - No foreign transaction fees
Restrictions
Debit card limitations:
- Must be funded with your own money
- Does not build credit history
- Rewards subject to terms and conditions
Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. Subject to Rewards Program Terms. 10% Vault Rewards are available on up to a limited value in spend per month and varies depending on the merchant offer.
APR
Regular APR
N/A – This is a debit card, not a credit card. You spend your own funds, so there is no APR or interest charges.
18.74% - 34.74% Variable APR
Intro APR
N/A – Debit card with no credit line.
N/A - No intro APR for purchases or balance transfers
Additional Info
Official Site
Referral Program
Referral program: Earn $50 in crypto for each referral and an extra $250 bonus each time you make 5 referrals. Up to 50 referrals per year (up to $5,000 total). This offer is only available for the Credit Card Referral Program and Terms Apply.
Launched
2019
October 2021
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