If you have read this blog before then you probably know about Fold, a Bitcoin (BTC) earning debit card. If you are not familiar with Fold, then I suggest reading “How Good is Fold’s 1% Debit Card?“
Fold is currently running a 1 Million Sats giveaway. Sats is the smallest unit of BTC with 100 million sats equaling one BTC. In the current promotion, Fold is giving away 1 million Sats to 100 people. So far in the promotion, 42 people have won 1 million Sats. The essence of the promo is that each week they increase the odds of winning 1 million Sats. The more spins you have the more you can spin the wheel and you get more spins by spending more on the debit card. You can read more about this promo in Fold’s official blog post titled “Hot Sats Summer“. Additionally, you can find the latest odds of winning on their terms and condition page.
Join Fold App through the link below and get 20,000 sats when you signup for the FREE Fold Card and make your first purchase with the card.
https://use.foldapp.com/r/TRAVELINPOINTS
For your convenience, I have created a simple calculator where you enter (or slide) how much money you plan to spend with Fold (and possibly also update the odd), and the calculator will spit out how many spins you will get and the odd of winning 1 million Sats.
By now you are probably curious about where I got the 4% figure from, so let’s go there. I literally pulled it out of an example I had given someone. If you use $10k with Fold, you have an 82% chance of getting 1 million Sats. 1 million sats is roughly $300 and top that with 1% cashback you get via default, so you would net nearly 4% cashback on $10k spent on a debit card. Of course, I could have said 7% cashback with $5000 spent but that would have been lower odd (use the above calculator to find that and more).
Closing Tips
- Spins obtained through spending the last 7 days (at least for Spin+ users).
- The odds of winning are increased every Wednesday.
- The maximum amount that can be spent using your card is $20,000 per month.
- Each week you may expect more winners than the previous week.
Plan to spend accordingly.
Good Luck.
