Fold Card

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Fold Card scores 9 of 16 on the CBL Card Score. Fold, Visa. Dollars at Sutton Bank; bitcoin held at BitGo. Sutton Bank, Member FDIC, Visa licence.

CBL Card Score: 9 of 16

Criterion	Points	What we found	Source
Custody	1 of 2	Custodial. The US dollar balance sits in a Fold Prepaid Debit Card account at Sutton Bank, which "holds the funds in your Fold Prepaid Debit Card account," with pass-through FDIC insurance up to $250,000 per depositor (official, help centre What is Sutton Bank, updated 2 Feb 2026; card page). Bitcoin rewards are deposited into the Fold balance and held by BitGo, with "$250M+ in institutional insurance through BitGo"; the terms name BitGo Bank and Trust, N.A. and BitGo Prime LLC as the exchange services providers (official, foldapp.com and terms of service, 13 Oct 2026). No segregation or omnibus statement for the bitcoin was found. "No other Fold product or service is FDIC insured" (official, card page).	official checked 20 October 2026
Issuer and licence	2 of 2	Sutton Bank, Member FDIC, "pursuant to a license from Visa U.S.A., Inc." (official, card page and Sutton Bank cardholder agreement). The agreement is governed by Ohio law (official, cardholder agreement, 6 Dec 2021). FDIC certificate number not found.	official checked 20 October 2026
Availability	0 of 2	US only. "Available in the U.S." (official, card page). Terms require a US citizen or lawful permanent resident, aged 18 or over, who primarily resides in one of the fifty states or the District of Columbia, with a valid Social Security number (official, terms of service, 13 Oct 2026). A virtual card is issued while the physical card ships (official, card page). Not offered in the EU, UK or Gulf.	official checked 20 October 2026
FX fee on a foreign-currency purchase	0 of 2	Fold (free tier): $3.00 per foreign-merchant purchase, "This is our fee which applies when You use Your Card for purchases at foreign merchants"; Fold+: $0 (official, Sutton Bank short-form fee schedule, effective 9 Dec 2024). The exchange rate is selected by Visa from its range of rates and "the Bank may assess a foreign currency conversion fee" (official, cardholder agreement, 6 Dec 2021, which listed 3% at that time). A flat $3 exceeds 1.5% on any purchase under $200, so the entry tier scores 0.	official checked 20 October 2026
Funding cost	2 of 2	No monthly fee on the free Fold card; Fold+ costs $100 a year or $10 a month (official, short-form fee schedule, 9 Dec 2024). No card issuance fee; the virtual card is free (official, card page). Direct deposit and outgoing ACH $0; instant debit-card deposit and instant withdrawal 1.5% of the amount, maximum $25; replacement card $5 (lost or stolen only), $35 expedited; return of unused balance $5.95 on Fold, $0 on Fold+; inactivity $0 (official, short-form fee schedule and cardholder agreement). No stablecoin top-up; the card is funded in US dollars.	official checked 20 October 2026
Apple Pay and Google Pay	2 of 2	"If you add your Fold card to your Apple Wallet or Google Pay account, you will need to set up a PIN" (official, help centre, checked 20 Oct 2026). Samsung Pay also reported (third-party: CryptoCardHub, 11 Aug 2026).	official checked 20 October 2026
Freeze and dispute policy	2 of 2	Lost or stolen cards: "Tell us AT ONCE," by phone on 1-866-365-3277 or by mail; liability capped at $50 if reported within 2 business days (official, cardholder agreement, 6 Dec 2021). Account errors: report within 60 days of the statement; Sutton Bank determines whether an error occurred within 10 business days, otherwise credits the account provisionally within 10 business days and may take up to 45 days to investigate, or 90 days for new accounts, point-of-sale or foreign-initiated transactions (official, cardholder agreement, section 3). Fold Reserve errors must be reported within 60 days of the transaction (official, terms of service, 13 Oct 2026). In-app card freeze not confirmed in this check.	official checked 20 October 2026
Yield on idle balance	0 of 2	None found. The prepaid card balance earns no interest in any document read. Fold Reserve "is closed-loop stored value issued by Fold, Inc." and "is not a bank account, deposit account, or savings account" (official, foldapp.com). A Committed Balance of at least $15,000 unlocks higher bitcoin rewards on card spend; that boost applies to purchases and pays no return on the balance itself (official, terms of service, 13 Oct 2026).	official checked 20 October 2026

Total 9 of 16. Official means the company's own site, terms or help centre. Third-party means a named review site with its own check date; a third-party fact is reported, not verified, and the score stands until an official source confirms or contradicts it.

Score history

20 October 2026

9 of 16

First score

Standing

Company	Fold, Inc., a subsidiary of Fold Holdings, Inc. (Nasdaq: FLD), "a financial technology company, not a bank" (official, foldapp.com, checked 20 Oct 2026). The Fold Prepaid Debit Card is issued by Sutton Bank, Member FDIC, under a Visa U.S.A. Inc. licence; the Fold Spending Account is provided by Lead Bank, a Missouri state-chartered bank, Member FDIC, with Fold, Inc. as programme manager; the separate Fold Bitcoin Credit Card is issued by Celtic Bank, a Utah-chartered bank (official, card page and terms of service, 13 Oct 2026). Bitcoin custody and exchange are provided by BitGo (official, card page).
Network	Visa (official). official
Rails	Sutton Bank, Member FDIC, issues the prepaid debit card and holds the US dollar balance with pass-through FDIC insurance; Lead Bank provides the Fold Spending Account (official). Bitcoin rewards are held and exchanged through BitGo (official).
Website	foldapp.com/card
Health tag	Watch Balances sit at an FDIC member bank with pass-through insurance, but Fold Holdings reported a $9.65 million net loss on $6.1 million revenue in Q2 2026, its bitcoin rewards sit with BitGo outside FDIC cover, and the published fee schedule and cardholder agreement carry different dates and FX terms (official, Q2 2026 results; official, Sutton Bank documents).
Last checked	20 October 2026

When it goes wrong

Lost or stolen cards: "Tell us AT ONCE," by phone on 1-866-365-3277 or by mail; liability capped at $50 if reported within 2 business days (official, cardholder agreement, 6 Dec 2021). Account errors: report within 60 days of the statement; Sutton Bank determines whether an error occurred within 10 business days, otherwise credits the account provisionally within 10 business days and may take up to 45 days to investigate, or 90 days for new accounts, point-of-sale or foreign-initiated transactions (official, cardholder agreement, section 3). Fold Reserve errors must be reported within 60 days of the transaction (official, terms of service, 13 Oct 2026). In-app card freeze not confirmed in this check.

The dispute route, in order: the company's own support desk, then the card network's chargeback rules, then the regulator of the issuer where one is named. A frozen card is a question, not a verdict: the Frozen Account Survival Kit applies to cards too.

Costs

FX	Fold (free tier): $3.00 per foreign-merchant purchase, "This is our fee which applies when You use Your Card for purchases at foreign merchants"; Fold+: $0 (official, Sutton Bank short-form fee schedule, effective 9 Dec 2024). The exchange rate is selected by Visa from its range of rates and "the Bank may assess a foreign currency conversion fee" (official, cardholder agreement, 6 Dec 2021, which listed 3% at that time). A flat $3 exceeds 1.5% on any purchase under $200, so the entry tier scores 0. official
Funding	No monthly fee on the free Fold card; Fold+ costs $100 a year or $10 a month (official, short-form fee schedule, 9 Dec 2024). No card issuance fee; the virtual card is free (official, card page). Direct deposit and outgoing ACH $0; instant debit-card deposit and instant withdrawal 1.5% of the amount, maximum $25; replacement card $5 (lost or stolen only), $35 expedited; return of unused balance $5.95 on Fold, $0 on Fold+; inactivity $0 (official, short-form fee schedule and cardholder agreement). No stablecoin top-up; the card is funded in US dollars. official
ATM	Fold: $3.50 per withdrawal, $0 for Fold+ (official, short-form fee schedule, 9 Dec 2024). The 2021 agreement listed in-network $0, out-of-network and international $3.50, out-of-network decline $1, international balance inquiry $1, plus any operator fee (official).
Tiers	Fold, free. Fold+, $100 a year or $10 a month, which removes the $3 foreign transaction fee, the $3.50 ATM fee, the $5 replacement fee and the $5.95 balance return fee (official, short-form fee schedule, 9 Dec 2024).

Cashback, as of 20 Oct 2026

Base rate 0.25% back in bitcoin on all eligible purchases, no cap (official, terms of service, 13 Oct 2026). Boosts above the base rate need a Committed Balance of at least $15,000, with one $5,000 monthly cap on card boosts (official). Fold+ members earn 0.5% on eligible purchases processed as Visa Signature debit, with no guaranteed rate for free members (third-party: CryptoCardHub, updated 11 Aug 2026). Rewards are pending for 30 days after the qualifying event (official). Bitcoin is deposited into the Fold balance (official, card page).

Cashback is a dated fact, not part of the Card Score. Promo rates change too often to score.

Availability

US only. "Available in the U.S." (official, card page). Terms require a US citizen or lawful permanent resident, aged 18 or over, who primarily resides in one of the fifty states or the District of Columbia, with a valid Social Security number (official, terms of service, 13 Oct 2026). A virtual card is issued while the physical card ships (official, card page). Not offered in the EU, UK or Gulf. official

Identity checks: Identity verification with a US Social Security number; US citizen or lawful permanent resident, aged 18 or over (official, terms of service).

What we still need confirmed

Facts marked official come from Fold's own pages or terms. Facts marked third-party are reported by a named review site and count as reported, not verified. These items are open for the next Monday sweep:

• Whether new sign-ups today receive the Sutton Bank prepaid card or a Lead Bank debit card on the Fold Spending Account; the home page calls it the "Fold Visa debit card." Rescore issuer and custody if the issuer has changed. open
• The full 2024 cardholder agreement: confirm the 60-day window and 10/45/90-day timelines still apply. Rescore freeze to 1 if the timelines are gone. open
• Sutton Bank FDIC certificate number and home state. open
• Whether the $3 flat foreign transaction fee sits on top of a percentage conversion fee. Keep fx at 0 either way until the fee is removed from the free tier. open
• Instant debit-card deposit fee of 1.5%. Rescore funding to 1 if the editor counts an optional instant top-up as a funding cost. open
• Fold+ bitcoin reward rate from an official page; the 0.5% figure is third-party. open
• Any interest on the Lead Bank Fold Spending Account. Rescore yield to 2 if a no-lock rate is published. open
• tile_color taken from the dominant colour of the logo file in assets/logos/ on 20 Oct 2026; confirm against brand assets. open

See a mistake? Email hi@cryptobanklist.com. Every factual correction is logged on our corrections page.

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