Feel as though bitcoin has departed for the open seas and left you on the dock? Well here a way to earn bitcoin from your everyday purchases, even your bills! The Fold App has a variety of ways to earn extra bitcoin through purchases. The first is simply by downloading the app and spinning the wheel daily for a change to win either satoshis or an extra percentage back when purchasing a gift card through their 'Shop' tab which brings me to the next vehicle in their garage. With over 30 different merchant gift cards available for purchase including retailers such as Amazon, Playstation Store and Xbox Prepaid Fold has made it a no brainer to use their gift card service to receive up to as much as 18% (Calloway at the time of this writing) back of the amount of money put on the gift card in satoshis. For example, if a $100.00 gift card is purchased the buyer would receive $18.00 back in satoshis! Those who are avid Amazon customers could be receiving 5% bitcoin back on every purchase made from simply buying a gift card through the Fold app and using it on the Amazon website.
For those who are tired of swiping their bank debit card to receive nothing but a debit statement on their bank account and maybe a keep the change transfer to the savings account the Fold Card will change everything! It is a prepaid debit card with an attached checking account for the transfer of funds. Whenever a purchase is completed the app will prompt the user to spin the wheel (currently there is a 5 minute window for this that the team is working on possibly making changes to). Currently every completed purchase has the chance to win 1 full bitcoin when the wheel is spun!
The two types of cards offered are the intro and the premium. The Intro card has no yearly fee while the Premium has a $150.00 annual fee. A few perks of the Intro card are a 2% annual high-yield on rewards, average spin rewards rate of 1% after wheel spins from transactions and a spin on the intro wheel after every purchase.
Some of the perks of the Premium card are a 10% annual high-yield on rewards, average spin rewards rate of 3% on purchases, a spin on the premium wheel after purchases and a bitcoin deposit bonus of $50 which is earned in 12 increments over the first year for every month that there is at least $500 of deposits. This is just a few perks of what each card offers! Cards can also be used at ATMs to withdraw cash. A direct deposit option is also available for ease of use! If you are looking for a way to earn while you burn paying bills and making purchases then check out the Fold App and do a little more research! Either way, you’ll like it. Spinning the wheel daily without getting the card will help you build that bag, especially when you hit the 7th day in a row and receive the 7 day rolling reward! Although this is not financial advice, I highly recommend taking a further look into the Fold app for yourself and following their Twitter account as well!
>>Nothing in this article is financial advice. Always do your own research and make decisions based on what you believe is best for yourself!
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