A 'Bitcoin-only' rewards card

The card, which is set to launch later this year, offers up to 3.5% back in Bitcoin on every purchase, with a flat 2% back instantly and an additional 1.5% for users who pay off their balance through a Fold Checking Account.

In addition, cardholders can earn up to 10% back at top retail brands such as Amazon, Target, Home Depot, Starbucks, and Uber through the Fold rewards network. Unlike many crypto-linked rewards cards that juggle tokens, staking tiers, or exchange accounts, Fold is positioning its product as 'Bitcoin-only, simple, and transparent.'