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Just paying my Home Insurance with my Fold card and then boom! by themarkymark

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hive-167922 · @themarkymark ·
$70.15
Just paying my Home Insurance with my Fold card and then boom!
![image0.jpg](https://files.peakd.com/file/peakd-hive/theycallmemarky/Eo29TpbaShi69E1XYQXeiyA48wcpYmTGYuEFYAXwMW9SeZrf3AhHkx3WZSjTbFtTXfF.jpg)

Luckily I'm able to pay my yearly home insurance bill with credit card.  I usually throw it on my American Express for 1%, since I got the Fold card I try to use it everywhere.  

Although I don't use it anywhere I think there is a chance I might need charge back protection.  Paying bills, buying Amazon Gift cards for 5%+ discount, and other reputable merchants I'm ok with.  The reason being is it is a debt card not a real credit card and I am not 100% sure the type of protection I would have if I got into an issue with a product or merchant.

First time hitting the 100K Satoshi (currently ~$44), was hoping a good % since it was a larger purchase and would have rather gotten this on a $5 purchase.  That being said, I'm happy with $44 BTC refund!  Likely far more when I actually spend the BTC.

The best part is this is **tax free** as it is classified as cash back and I only have to pay taxes on the difference between when I withdraw and when I spend it.

If you are not using a Bitcoin rewards card yet, I recommend checking out the [Fold](https://use.foldapp.com/sign-up?referral=E47LYN7V) card (Referral Link).  My referral will get you 5,000 Satoshis to start out and a head start in line for the Fold physical Card.

Every time you make a purchase you get to spin the wheel.  I have the paid card ($150/year) so I have a chance at bigger prizes.  I also earn additional free respins as I keep at least $1,000 balance in my account.  Everyone earns extra free respins on Fridays.

![image.png](https://images.hive.blog/DQmc47ZhkJYpGrtdvPZVWzvPz3E8nPAsa7JYesCMwYWGdyh/image.png)

Here is a breakdown of all the wheel options.  This changes every month or so as new companies sponsor the wheel.  Some wheels are geared towards consistent 1%+ rewards and others are focused on larger prizes but requires more respins to do well.

<center>![image.png](https://images.hive.blog/DQmQauwfigWYiujFNUnLgzaen2A4V7WoHR49nqG9b4oksG3/image.png)</center>

About two months ago I won $105 (currently worth $111) on my monthly $500 Amazon Gift Card purchase.  I buy the maximum gift card I can each month that has the 5% discount.  I already get 5% off all Amazon purchases with my Amazon Business Card Black, so I have to earn more than that to make it worth while.  I typically try to get as many respins before buying a larger gift card like this.

![image.png](https://images.hive.blog/DQmVoZ2tGEYzJPV9oVyAjD5vWf88V66dFAvwfQNCW5wRr7M/image.png)

As a general rule of thumb, I will use respins to attempt to get at least 1% on every purchase, as this is what I would get on American Express (2% on gas, 3% on food).  I will use up all my respins on larger purchases trying to hit 5%+.

You also get a free spin daily on the free wheel that typically will earn you 5-250 sats a day and another 250 sats at the end of the week.

I am not a big fan of the fact I have to pay a yearly fee on the card to maximize rewards, this cuts into the advantages of the card, but if you use it a lot it is worth it.  I also have found the new gold card gets denied a lot compared to the temporary card I had.  Hopefully this gets better, but it's more annoying than anything, I always have other cards on me and memorized so I am never in a jam.

<sub>Images and table are from the Fold App or from their [wheel update blog post](https://blog.foldapp.com/lightning-spin-wheel-august-september-2021/)</sub>

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@themarkymark/just-paying-my-home-insurance-with-my-fold-card-and-then-boom)
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vote details (460)
@capitanvenezuela · 
Que bueno me alegra, eso es maravilloso, tener crédito usar tarjetas, por lo menos acá en Venezuela eliminaron las tarjetas de credito
👎  
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vote details (1)
@daltono ·
$1.08
That’s awesome! Money back like that always feels good. 
I’ve been getting sats back every time I purchase a gift card on Bitrefill, which has been frequent here lately. I’ve also been eyeing an upgrade to my crypto.com debit card. Staking CRO seems like a great way to get even higher percentages of cash back, especially if you’re using your crypto debit card frequently.
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vote details (7)
@patrickulrich · 
Does Bitrefill still give you extra % back when you pay in Lightning? I think @v4vapp charges 5% for lightning invoice payments but would be cool to buy something there with Hive.
👍  
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vote details (1)
@patrickulrich ·
$0.07
I just pulled the 100k wheel for the first time the day before yesterday! I had bought lunch for $20 and walked away with 100K sats plus dinner.

https://twitter.com/patrick_ulrich/status/1442948334822457346

Fold has been by far the best reward card experience I've ever had. Like you I paid $150 last November and it's already paid huge dividends for me. I've already withdrawn 2,578,103 sats to my own wallet and still have another 307,663 on Fold to withdraw at some point. That's over $1000 in rewards for using my debit card! I couldn't recommend it higher to anyone who hasn't already jumped on.

Did you know if you keep $10K on your card you get 2 spins a day? You can also get an added free spin just by spending $250+ on any purchase. Those add up quick and really help maximize for those 100% wheels.

I still haven't gotten my gold card yet. I didn't see the email come in back in the summer so I just applied about a month ago. I was hoping I'd still get it but if it's causing more issues then I'd rather keep the one I have. I've linked it to Google Pay so I seldom pull out the card anyway.
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vote details (3)
@poshtoken · 
https://twitter.com/itsjustmarky/status/1443572012211851266
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>
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@thelogicaldude · 
Nice! I have been using the Coinbase card spending USDC and earning 4% back in XLM which I send from there to NEXO where it sits and earns another 5% daily compounding interest and acts as collateral. But really most times when I have the exchange limit, I exchange the XLM for BTC or BNB
👍  ,
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vote details (3)
@urun · 
Thanks pretty cool shit 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@urun/re-themarkymark-4jbxem)
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