I gave Fold a chance. But everytime I want to use it, I notice new things that don’t make sense to me.
The debit transfer has 1.5% fee. So you have to do bank transfers.
Coupons do not activate instantly. They need 48 hours. So every time you need to buy something, you have to either plan, or wait.
Sats are taxed as profits when you withdraw. So even if you get 3% back, you will lose 1% for tax.
I seriously don’t understand the model 🤷♂️
But at this point I’ll continue to get 2%-3% from my credit cards, use those to buy bitcoin directly and send them to cold storage.
TheGuySwann (npub1h8n…rpev) what am I missing… how is this more sats that CC rewards?
TKay
npub1nj…7l02j
2025-01-19 20:59:23
Author Public Key
npub1nje4ghpkjsxe5thcd4gdt3agl2usxyxv3xxyx39ul3xgytl5009q87l02jPublished at
2025-01-19 20:59:23Event JSON
{
"id": "a46346681e8cde177e7f3d3d0e20a7fce11a54531a0e4a63256d1c1d1147b9ef",
"pubkey": "9cb3545c36940d9a2ef86d50d5c7a8fab90310cc898c4344bcfc4c822ff47bca",
"created_at": 1737320363,
"kind": 1,
"tags": [
[
"p",
"b9e76546ba06456ed301d9e52bc49fa48e70a6bf2282be7a1ae72947612023dc"
]
],
"content": "I gave Fold a chance. But everytime I want to use it, I notice new things that don’t make sense to me. \n\nThe debit transfer has 1.5% fee. So you have to do bank transfers.\n\nCoupons do not activate instantly. They need 48 hours. So every time you need to buy something, you have to either plan, or wait. \n\nSats are taxed as profits when you withdraw. So even if you get 3% back, you will lose 1% for tax. \n\nI seriously don’t understand the model 🤷♂️\n\nBut at this point I’ll continue to get 2%-3% from my credit cards, use those to buy bitcoin directly and send them to cold storage. \n\nnostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev what am I missing… how is this more sats that CC rewards?",
"sig": "70611a8614106bc84cedad6b6842d549cc31de9194df14b449c03672d2039c27f69d6d877d4f43d9f23a4c017998992e7a9d4d3ff9286d862ff9e555dc77f85b"
}