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91 sats \ 4 replies \ @Cje95 OP 23 Sep \ parent \ on: Stripe, Visa to power Fold’s new bitcoin rewards credit card - TipRanks.com Stacker_Stocks
This isnt anything crazy this is what credit card companies already do. Its a common thing that is driven by rebates from either the business or the middle man. Its how Fold decides what the % back is for their gift cards.
Fold already does this for their debt card as well. For Disney plus I was getting 15% back for a few months Starbucks is currently 3% back. DoorDash if you order online and not through the app and use your Fold debit card is 10% right now as well.
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65 sats \ 3 replies \ @SimpleStacker 23 Sep
I know it's not crazy, but it's basically the reason why I don't like doing the whole credit card game. If I need to play that game in order to get a decent bitcoin reward out of the Fold card, then I'd rather just opt out.
I might still sign up for the waiting list... as a Bitcoiner maybe it's just something I should try out either way.
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40 sats \ 2 replies \ @Cje95 OP 23 Sep
I mean if you are someone who uses a Credit Card its the best bridge in my opinion. Points have been shown to be either a grand slam or a complete and utter flop (the most likely thing)
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40 sats \ 1 reply \ @SimpleStacker 23 Sep
Haha, my wife plays the credit card game. I have zero idea of it's a net positive or a net negative. But I don't have time to figure it out haha
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50 sats \ 0 replies \ @Cje95 OP 23 Sep
For me since my finances are pretty simple it was easy for me to ID where to leverage Fold and where to not so it was easily a positive for me esp because its sats and not points lol
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