Fold card rewards nuked?
2061 sats \ 9 comments \ @gmd 5 Oct 2023 bitcoin
They posted on their blog about reduced rewards using Paypal Billpay...
But I just paid my rent through the my apartment's portal and got no rewards (just spins which are effectively useless these days). I also tried paying off my Citicard via phone (this worked for me last time they were having issues with Paypal) and I again got no sats back. Is everyone else seeing the same? This pretty much kills the utility of the card for me...
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385 sats \ 1 reply \ @DarthCoin 5 Oct 2023
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350 sats \ 0 replies \ @DiracDelta 6 Oct 2023
Yep, bullshit company that has no reason to exist that has inherently less room to offer rewards than a non-wrapper company and they ran out of VC money to give their users.
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99 sats \ 0 replies \ @Atreus 6 Oct 2023
I stopped using them a while ago. The rewards aren't good and it's expensive at $100 USD / year. Better to just buy and keep the BTC with that money.
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99 sats \ 1 reply \ @tobinator44 5 Oct 2023
It seems like the busts part highlights the lower rewards on the blog. I agree this is disappointing.
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10 sats \ 0 replies \ @gmd OP 5 Oct 2023
I thought it was just for paypal, didn't realize they'd be erasing rewards for similar categories (rent, credit cards) not using Paypal's BillPay feature..
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33 sats \ 3 replies \ @lv99_slacker 5 Oct 2023
Wasn't there a universal 1% back? That's gone now? Now, it's just rotating categories?
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33 sats \ 2 replies \ @Undisciplined 5 Oct 2023
I thought it was 1% back, plus the rotating categories and specific vendor deals.
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559 sats \ 1 reply \ @gmd OP 6 Oct 2023
1% back is still there plus categories... it's just that it appears they've gotten rid of rewards for certain types of spend (rent payment, credit cards workarounds even without paypal) :/
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30 sats \ 0 replies \ @gmd OP 7 Oct 2023
sadly just tried to make a student loan payment via phone (Aidvantage)... looks like that's been neutered too 😭😭😭
If they also killed payments for estimated federal taxes I don't think I'll have a reason to continue with this card.
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