Official Rules

Last Updated: November 24, 2021



The Fold Holiday Giveaway Sweepstakes (the “Sweepstakes”) is intended as a loyalty promotion for cardholders of the Fold Card and consists of opportunities to win prizes based on random selection.

Who Can Enter:  The Sweepstakes is open to individuals who are: (i) legal residents of the 50 US states (including D.C.); (ii) at least 18 years old and the age of majority in their jurisdiction of residence at the time of entry; (iii) physically located in the United States at the time of entry, and (iv) valid Fold Card members as of the beginning of the Promotion Period.  Employees, officers, directors, agents or other representatives of the Fold, Inc. (the “Sponsor”) or of any parent company, subsidiary, or affiliate of the Sponsor (the “Promotion Parties”), and all members of their immediate family and persons living in the same household with them, whether or not related, are not eligible to participate in the Sweepstakes.  Immediate family members include spouse, parent, child, sibling, including step-parents, children, siblings, half siblings, and all their respective spouses, regardless of where they reside.

Agreement to Official Rules:  By entering this Sweepstakes, you (“You”) agree to be bound by these Official Rules and the decisions of Sponsor, which are final and binding regarding all matters related to the Sweepstakes.  By participating, You release, discharge and hold harmless the Promotion Parties from any claims, losses, or damages arising out of Your participation in the Sweepstakes and, if declared a Winner, the acceptance or use, misuse or possession of any Prize, as further detailed below.

Promotion Period: The Sweepstakes begins and ends at midnight, Eastern Time, daily, beginning on Friday, November 26, 2021 and ending on Thursday, December 2, 2021.  For purposes of the Sweepstakes, Eastern Time on any particular day shall mean the applicable local time in New York, New York on that day. The Sponsor’s computer system is the official timekeeping device with respect to all matters relating to the Sweepstakes.

How to Enter: There are two ways to enter the Promotion:

1. Have a Qualifying Purchase with your Fold Prepaid Debit Card account.

To enter via the Qualifying Purchase method, make a Qualifying Purchase (as defined in the Terms of Rewards – Fold Card Addendum) using your Fold Card during the Sweepstakes Period.  Qualifying Purchases exclude those categories of purchases maintained in our list of exclusions.  For each Qualifying Purchase with your Fold Card, you  will automatically receive one entry for each dollar spent.

2. Send a Postcard.

If you do not have a Fold Card, you may enter by send a 3x5 postcard, including your name, email address, phone number, and Fold account username to: 11201 N Tatum Blvd Ste 300, #42035, Phoenix, AZ 85028-6039, Attn: Card Sweepstakes. You will receive 7000 entries for the Promotion Period.

Limit on Entries: Limit seven thousand entries per Promotion Period, regardless of method of entry. If You attempt to exceed the entry limits through the use of multiple accounts, devices, identities or by any other means, Your entry(ies) will be void and you may be disqualified from the Sweepstakes.  The use of any robot, computer program, sweepstakes entry service or similar entry method is prohibited and will void Your entry(ies) and You may be disqualified from the Sweepstakes.  In the event of a dispute regarding the identity of the individual entering the Sweepstakes during the Promotion Period, the authorized subscriber of the email account associated with the Fold account from which the entry was received will be deemed to be the entrant and must comply with these Official Rules.  Authorized subscriber means the natural person who is assigned the email address by the relevant Internet access provider, online service provider or other organization responsible for assigning email addresses for the domain associated with the email address.  

Winner Selection and Verification:  Winners randomly selected within seven days of the end of the Promotion Period.  The odds of winning a given prize are posted below.  An entrant is not considered the actual winner (the “Winner”) of a prize, even if notified by the app or otherwise of their selection as a potential winner, unless and until the entrant receives an email or in-app notification from Sponsor indicating that the entrant’s eligibility, that the prize won has been verified, and that the prize has been credited to the potential winner’s account.  Winning is conditioned on You complying with all of these Official Rules and any instructions in the prize notification, including completing and returning any affidavit of eligibility and/or release of liability/publicity.  In the event no winner is selected for a particular prize, the potential winner of a prize cannot be reached, or the potential winner does not respond to the prize notification within the time set forth in the prize notification, redeem the prize within 90 days, or otherwise comply with any of the requirements of the prize notification, the applicable prize will not be awarded.  

Prizes and Odds:  The following prizes will be available during the Promotion Period.  The odds of winning are equal to the number of prizes listed below divided by the total number of qualifying entries:

Virtual Currency Prizes:

  • One (1) prize of 500,000 Sats and 25 Extra Spins, Estimated Retail Value $300
  • One (1) prize of 350,000 Sats and 25 Extra Spins. Estimated Retail Value $210
  • One (1) prize of 250,000 Sats and 20 Extra Spins.  Estimated Retail Value $150
  • Three (3) prizes of 175,000 Sats and 15 Extra Spins.  Estimated Retail Value of $105 per prize.
  • Four (4) prizes of 125,000 Sats and 10 Extra Spins. Estimated Retail Value of $75 per prize.
  • Eleven (11) prizes of 100,000 Sats and 5 Extra Spins. Estimated Retail Value of $60 per prize.

The Estimated Retail Value assumes $60,000 USD/BTC.

Each virtual currency prize will be fulfilled via a deposit of Rewards (as defined in the Fold Terms of Rewards) denominated in bitcoin, in the amount of the prize announced, to the Winner’s Fold account.  The value of the Bitcoin deposited will be calculated on the date of the award using the exchange rates provided by certain data feeds, as determined by Sponsor.  Extra Spin prizes will be awarded to the Winners Fold App rewards account. The date of award will be the date on which Sponsor adjusts the Rewards balance in the Winner’s account, after Sponsor determines it has completed all required Winner verification for the prize awarded.  All calculations and determinations, including the value of Bitcoin on any award date, shall be performed by Sponsor at its sole discretion.  Sponsor disclaims any and all liability in connection with (i) incorrect information obtained from third parties regarding the value of Bitcoin on any given date, or (ii) any disputes over the value of Bitcoin on any given date.  Your rewards account is governed by the Terms of Rewards.

To redeem a Cash Back or Sats prize, potential winner must have a Fold account on the Fold mobile application (the “Fold App”).  The Fold App is free to download from either Google® Play or the iTunes® App Store, and requires an email address or social media account. Standard data rates may apply. Additionally, You must maintain Your Fold account until award of such prize for which You are finally determined to be the Winner.  The Sponsor will use the information in Your account for eligibility and notification purposes in connection with the Sweepstakes.  You are responsible for keeping that information accurate.

MESSAGE AND DATA RATES MAY APPLY to the use of a mobile device to participate in the Sweepstakes.  Consult Your wireless carrier’s pricing policies prior to participating in the Sweepstakes.  Internet access is not available on all mobile devices or available or free to use in all locations.

Publicity:  Except where prohibited by law, by participating in the Sweepstakes or accepting a prize, You agree that Sponsor may use your name, username, likeness, biographical information, any of your social media posts announcing Your prize and prize won (if any) in connection with the Sweepstakes, including winner announcements in the Fold app and on Sponsor’s social media and web pages, as well as for future advertising and publicity in any and all media now existing or hereafter devised throughout the world in perpetuity, without additional compensation, notification or permission.

Disqualification; Sponsor’s Decision Final:  Sponsor reserves the right in its sole discretion to disqualify (and void the entry(ies) of) any person it believes such person has violated these Official Rules, is not eligible to participate, has provided false information, acted in a harassing or unsportsmanlike manner with respect to Sponsor, any Promotion Party or any other entrant, or tampered with the operation of the Sweepstakes. Decisions of Sponsor on all matters related to the Contest are final and binding. Sponsor reserves the right to cancel or modify the Contest for any reason, including but not limited to, if fraud, misconduct or technical failures destroy the integrity of the Contest, or if a computer virus, bug, or other technical problem corrupts the administration, security, or proper administration of the Contest as determined by Sponsor, in its sole discretion. CAUTION: ANY ATTEMPT TO DELIBERATELY DAMAGE ANY WEBSITE OR UNDERMINE THE LEGITIMATE OPERATION OF THIS SWEEPSTAKES MAY BE A VIOLATION OF CRIMINAL & CIVIL LAWS. SPONSOR RESERVES THE RIGHT TO DISQUALIFY AND/OR SEEK DAMAGES FROM ANY INDIVIDUAL MAKING ANY SUCH ATTEMPTS TO THE FULL EXTENT PERMITTED BY APPLICABLE LAW.

General Conditions:  The Sweepstakes is void where prohibited by law, and is subject to all applicable federal, state and local laws and regulations, and Sponsor’s Terms of Service and Privacy Policy. Sponsor reserves the right to modify, suspend or terminate the Sweepstakes in the event it becomes infected by a computer virus or is otherwise technically impaired, or based on the technical, legal and policy requirements of the platform(s) by which it is made available, and to cancel or suspend the Sweepstakes in its entirety should tampering, unauthorized intervention, fraud, technical failures or other causes corrupt the administration, security, fairness, integrity or proper play of the Sweepstakes and, if terminated, at Sponsor’s discretion, conduct a random drawing from among all non-suspect eligible entries received to that point, for any unawarded prizes.  

Limitations of Liability and Release:  Promotion Parties are not responsible for, and by participating You release the Promotion Parties from, any and all claims or liability that may arise, directly or indirectly, out of Your participation in the Sweepstakes or acceptance, use or misuse of any prize, including without limitation, for any problems related to technical malfunctions of electronic equipment, computer online systems, servers, providers, computer hardware or software or phone lines, congestion on the internet or any website/app, unauthorized intervention, viruses, maintenance or any other technical problems; failed, lost, delayed, incomplete, garbled, or misdirected communications regardless of cause which may limit a person’s ability to participate in the Sweepstakes; errors in the administration of the Sweepstakes, the announcement of any prize, or in any Sweepstakes-related materials; printing or human error; and any injury or damage to persons or property.  You agree that the Promotion Parties’ liability will be limited to the cost of entering and participating in the Sweepstakes and under no circumstances will Sponsor be responsible for attorney’s fees.  You waive the right to claim any damages, including direct, indirect, punitive, or consequential. California Civil Code Section 1542 provides that: A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE, AND THAT IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.  By participating, You, on Your behalf and for Your heirs, successors, assigns, agents and representatives, acknowledge that You understand the significance and consequences of California Civil Code Section 1542 and, to the extent it may be applicable, hereby waive its benefits, with the intent that the releases and waivers of liability in these Official Rules include claims known or unknown, and suspected or unsuspected.  

Communications; Privacy: By participating in the Sweepstakes, You agree to use of Your personal information, including email address, by Sponsor (or third parties performing services for Sponsor) for administration of the Sweepstakes including, without limitation, verifying Your eligibility, contacting You regarding Your entry or any prize, fulfilling any prize won, avoidance of fraud/tampering, compliance with legal obligations, and analytics and improvement of offerings.  For additional information about how Sponsor uses Your data and to opt-out of certain communications from Sponsor, visit Sponsor’s Privacy Policy.  

Governing Law: Any dispute arising from this Sweepstakes or these Official Rules, and all issues and questions concerning the construction, validity, interpretation and enforceability of these Official Rules or the rights and obligations of participants or Sponsor in connection with this Sweepstakes, shall be governed by and construed in accordance with the laws of the State of Delaware without giving effect or regard to any principles or doctrines of conflicts of law.

Disputes:  Except where prohibited by law, any action arising out of or relating to this Sweepstakes or these Official Rules shall be resolved exclusively by final and binding arbitration administered by the American Arbitration Association (“AAA”) and conducted before a single arbitrator, all pursuant to the AAA Commercial Arbitration Rules as supplemented by AAA’s Supplementary Procedures for Consumer-Related Disputes (collectively, the “AAA Rules”), and as modified by these Official Rules. The AAA Rules are available online at The arbitrator is bound by the terms of this Agreement. If Your claim in arbitration is for less than $10,000.00, Fold will reimburse You for filing fees at the conclusion of the proceeding unless Your claim is found to be frivolous by the arbitrator.  The arbitration shall be held at a location in the state in which You live. ANY AND ALL DISPUTES, CLAIMS AND CAUSES OF ACTION ARISING OUT OF OR CONNECTED WITH THE SWEEPSTAKES, OR ANY PRIZE AWARDED IN CONNECTION WITH THE SWEEPSTAKES, WILL BE RESOLVED INDIVIDUALLY, WITHOUT RESORT TO ANY FORM OF CLASS ACTION. ANY RIGHT TO A TRIAL BY JURY IS HEREBY WAIVED. Notwithstanding anything to the contrary in these Official Rules, if the amount in dispute arising out of or relating to this Sweepstakes or these Official Rules is less than the jurisdictional maximum of a small claims court applicable in the state in which You live, You may bring an action in such small claims court for such dispute, which will be in lieu of arbitration or an action in any other court so long as the small-claims court does not permit class, representative, or consolidated actions, or the award of relief in favor of any person or entity that is not a named party to the small-claims action.  In all cases, you agree that all claims, judgements or awards will be limited to actual out-of-pocket expenses incurred in entering the Sweepstakes.

Apple, Inc., its subsidiaries and affiliates are neither a Sweepstakes sponsor nor involved in this Sweepstakes.

Sponsor:  Fold, Inc., 11201 N Tatum Blvd Ste 300, #42035, Phoenix, AZ 85028-6039