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re: Fold Bitcoin Card Users- Mortgage/Car Note/etc bill pay for rewards is live

Posted on 3/22/23 at 8:49 pm to
Posted by Delacroix22
Member since Aug 2013
3987 posts
Posted on 3/22/23 at 8:49 pm to
Does anyone have any concrete answer from any involved party (Fold or PayPal) as to why Bill Pay is not working?
Posted by tigersint
Lafayette
Member since Nov 2012
3549 posts
Posted on 3/22/23 at 8:50 pm to
I am using my credit card to pay for everything to get 1.5% back on that and then at the end of each month i pay the entire card off with FOLD.

My mortgage payments have been declining the past 2 months trying now tho. Has anyone been successful in still paying mortgage with it? I am with Wells Fargo
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10442 posts
Posted on 3/22/23 at 9:12 pm to
PayPal bill pay no longer works with like 99% of companies. There are a few exceptions, but nothing I use.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80818 posts
Posted on 3/23/23 at 8:36 am to
quote:

Does anyone have any concrete answer from any involved party (Fold or PayPal) as to why Bill Pay is not working?

Fold cannot give us an answer because the issue lies with Paypal
Posted by zeto
BR
Member since Oct 2006
1218 posts
Posted on 3/23/23 at 11:32 am to
I found something that works similar to Fold, but the rewards are not as good. Doge Card. You get .85% in Dogecoin, which you can either keep or convert to BTC, ETH, etc.. I was getting 1% or higher typically with Fold, so this is obv less. But if I can still get some type of reward for paying my regular bills, I'll take it. Referral link to the card is below. The nice thing is that all of my payees within Paypal still work, so I only had to change the payment type from Fold to Doge Card.

LINK
This post was edited on 3/23/23 at 12:39 pm
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80818 posts
Posted on 3/23/23 at 12:32 pm to
You should probably disclose that your link is a referral
Posted by tigersint
Lafayette
Member since Nov 2012
3549 posts
Posted on 3/23/23 at 3:29 pm to
Well it looks like it is confirmed, I can no longer use the fold debit card to pay my credit card bill anymore.

Has anyone found any other cards that will work for this?

Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10442 posts
Posted on 3/23/23 at 6:58 pm to
I just opened a paypal debit card which is 1% cash back. I just can't figure out how to move $ from my paypal account to the card.

I'll play around with it again when I'm on the computer.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96053 posts
Posted on 3/23/23 at 8:15 pm to
I don't think the PayPal debit card is going to work in the same fashion as Fold did (paying mortgage, car note, credit card balances).

I'd be pretty surprised if it did, but yeah let us know how it goes.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80818 posts
Posted on 4/27/23 at 10:20 am to
FYI- Fold Card is back allowing you to use PayPal bill pay
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10442 posts
Posted on 4/27/23 at 6:46 pm to
CarRamrod said that the Doge card is still better than Fold with the significant reduction in Fold rewards.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80818 posts
Posted on 4/27/23 at 9:38 pm to
Most people don’t want to stack Doge and the incremental benefit isn’t worth the accumulating/trading. Not to mention those in here are already set up for Fold. Doge card not worth the effort
Posted by mctiger1985
Baton Rouge
Member since Oct 2009
3693 posts
Posted on 4/28/23 at 7:12 am to
So glad bill pay is back. I simply use Fold as the method to pay off my CC now. I never use it for daily purchases anymore. The new wheel stinks though.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80818 posts
Posted on 4/28/23 at 7:32 am to
Yea this card sucks for anything outside of paying off your CC, mortgage, car notes, etc.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10442 posts
Posted on 4/28/23 at 7:56 am to
The new wheel is brutal. They are completely out of touch and need to reduce their workforce bloat.
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96053 posts
Posted on 4/28/23 at 8:41 am to
quote:

Most people don’t want to stack Doge and the incremental benefit isn’t worth the accumulating/trading. Not to mention those in here are already set up for Fold. Doge card not worth the effort



Doge is easily transferred to BTC or whatever you want, so that's not really an issue at all.

Doge Card is definitely worth the effort unless you already have the spin+ and can guarantee 1% return. The new spin wheel is essentially useless for anyone with just the spin card (not the spin+).
This post was edited on 4/28/23 at 8:42 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
80818 posts
Posted on 4/28/23 at 8:45 am to
quote:

Doge Card is definitely worth the effort unless you already have the spin+ and can guarantee 1% return.
This is what I'm saying - for those who's goal is to acquire bitcoin and they are already set up with Fold Spin+, Doge card isn't worth switching to. Add in tracking all the taxable events transferring Doge to Bitcoin as you receive it. Not for me
This post was edited on 4/28/23 at 8:47 am
Posted by bbap
Baton Rouge, LA
Member since Feb 2006
96053 posts
Posted on 4/28/23 at 8:47 am to
quote:

This is what I'm saying - for those who's goal is to acquire bitcoin and they are already set up with Fold, Doge card isn't worth switching to


well again, it depends on if you have spin+ or just spin.

spin+, stick with fold, regular spin dont.

Posted by zeto
BR
Member since Oct 2006
1218 posts
Posted on 4/28/23 at 9:11 am to
Another point to note is that the 1% guaranteed with Fold is not actually 1%. I just paid a credit card, and the Sats I received totaled .92%. I've seen the same on their Discord channel. It's still free money, but just wanted to put this data point out there.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
57500 posts
Posted on 4/28/23 at 10:11 am to
i assume thats the price spread difference on the btc they give you
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