Terms of Rewards
Fold Card Addendum

Last Updated: May 25, 2021

Definitions:

  • All Fold Visa Prepaid Debit Cardholders are eligible to participate in the Fold App Rewards Program.
  • This Addendum (the “Addendum”) is a part of the Fold App Rewards Program, and are bound by the Terms of the Rewards Program (the “Rewards Terms”).  In the event of a conflict between the terms contained in this Addendum and the Rewards Terms, this Addendum shall apply.
  • Fold Prepaid Debit Cardholders, by opting into this Addendum, are eligible to receive Rewards (“Rewards”) on Qualifying Events (as defined below), which include Qualifying Purchases (as defined below) associated with their Fold Prepaid Debit Card.
  • “Account” means a Fold Prepaid Debit Card Account.

Rewards are credited as bitcoin rewards in our Rewards program. If you participate in the Fold App Rewards Program for your Account, you accept the Rewards terms and the terms of this Rewards Addendum (“Addendum”):

Qualifying: 

The Rewards Program applies when you have a Qualifying Event in your Account and you meet these requirements: Your Account is: 1) open, 2) active, and 3) you have agreed to and are in compliance with the Rewards Terms.  You earn Rewards at the time of the Qualifying Event.  Rewards are redeemable by you as outlined in the Rewards Terms. Unless otherwise specified, rewards are typically applied to your Account promptly after your Qualifying Event, but cannot be redeemed or withdrawn for 30 days.  Rewards will be reduced by chargebacks, returns, and adjustments. Rewards are denominated in bitcoin.  

Spinwheel Rewards:

Upon a Qualifying Purchase, you should receive a push notification from the mobile App (if you have opted in to receiving such alerts). Within the amount of time listed below under “Spin Timer”, you must click a button to enter the Post Purchase Spinwheel Sweepstakes.  No Purchase Necessary.  For Full terms and conditions, see the current Terms of the Post-Purchase Spinwheel Sweepstakes.

“Qualifying Purchases” are signature credit purchases and PIN debit purchases. Qualifying Purchases do not include any other payment or transfer, including incoming transactions, outgoing transactions where you are the receiving party, peer to peer transactions, ACH Transactions, ATM transactions, fees, chargebacks, adjustments, or wire transfers. Qualifying Purchases also include outgoing transitions we deem to be "Qualifying Purchases" based on the terms of a Special Reward (for example, a Special Reward on an ACH payment).

Spin

Spin+

Standard Rewards.  You can earn rewards up to the amount listed here (i.e. our “Standard Rewards”) on any Qualifying Purchase. These limits do not include “Special Rewards” such as 1 bitcoin, promotions, or sponsorships, described below.

Up to
25%
back

Up to
100%
back

Special Rewards.  You are eligible to earn “Special Rewards” based on promotions that we may run from time to time. These might include sponsorships, giveaways, boosted reward rates, etc.

Limited Access

Full Access

Chance to Win 1 Bitcoin.  You have the chance to win 1 bitcoin on each Qualifying Transaction.

Yes

Yes

Spin Timer. After each Qualifying Event, you have the amount of time listed to spin the wheel to win a Reward.

1 hour

24 hours

Guaranteed Weekly Extra Spins. You are guaranteed to earn the number of extra spins listed here each week.

1

3

Earnable Extra Spins.  You can also earn additional Extra Spins, based on current promotions

Limited Access

Full Access

Additional Cardholder Benefits: 

The Rewards Program provides you with Rewards on the following Qualifying Events:


Spin

Spin+

Fold+ Member Pricing Boost on Amazon Gift Cards. For Rewards on Amazon.com gift cards purchased in the Fold App. Limit $250 per month for Spin Tier cardholders and $500 per month for Spin+ Tier cardholders, as part of the Fold+ Membership. Thereafter, cardholders receive the Fold+ Rewards rate on Amazon.com gift cards. Brands and limits subject to change. Subject to availability. See the Fold+ Membership Terms and Conditions for more details.

5% up to $250 per Month

5% up to $500 per Month

Fold+ Boosted Merchant Offers.  Access to Boosted Merchant Offers from Merchant.  Subject to availability.  See the Fold+ Membership Terms and Conditions for more details

Yes

Yes

Access to Fold+ Member Pricing for Gift Cards. Fold+ Membership provides access to Fold’s best discounts on gift cards sold in the Fold Discount Marketplace. The Fold+ Membership, including the discounts available on gift cards and the gift cards offered, is subject to change. Subject to availability. See the Fold+ Membership Terms and Conditions for more details.

Yes

Yes

Black Matte and Gold Foil Debit Card.

No

Yes

Free Upgrade to Fold Credit Card.  When the Fold Credit Card launches, your first annual fee will be waived. Credit account is subject to a credit check and other onboarding requirements. Opening a Fold Prepaid Visa Card does not guarantee that you will be eligible for a Fold Visa Credit Card.

No

Yes

Rewards Redemption: 

Rewards as reflected in the Fold Rewards Account may only be withdrawn when available to a bitcoin wallet owned by you but cannot be redeemed for cash or otherwise exchanged for value. 

Removal from or Modification/Termination of Rewards Program: 

We reserve the right to remove any person from the Rewards Program in the event of any fraud or abuse as determined in our sole discretion in connection with this Program. We reserve the right to change or terminate the Rewards Program at any time and in any manner without notice, and without refund to you of any annual, monthly, activation, or other fees.  

NO WARRANTY: 

FOLD, INC., AND ITS RESPECTIVE AFFILIATE ENTITIES, ALONG WITH EACH SUCH COMPANY’S RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS MAKE NO WARRANTY, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE WITH RESPECT TO THE REWARDS PROGRAM OR ANY PRODUCTS OR SERVICES RELATED TO SUCH PROGRAM.

RELEASE OF LIABILITY: 

YOU RELEASE FOLD, INC., AND ITS AFFILIATE ENTITIES, ALONG WITH EACH SUCH COMPANY’S RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AND AGENTS FROM AND AGAINST ANY AND ALL LIABILITY RELATING TO YOUR MEMBERSHIP OR PARTICIPATION IN THE REWARDS PROGRAM, THE ADDENDUM, OR THE REWARDS TERMS.

Complete Agreement: 

These Addendum, together with the Rewards Terms, and the Fold Card Terms of Service, and the Agreements referenced herein and therein, make up the entire agreement between us relating to the Rewards Program, and replace any prior understandings or agreements (whether oral or written) regarding the Rewards Program. The Rewards Program is provided by Fold, Inc.