Credit goes to @scripta on finding this one.
I am not sure how many of you are familiar with PayPal Bill Pay. We had a discussion about it in the Alliant thread earlier this year. Essentially PayPal will let you use their bill payer to pay bills like a bank would, with no transaction fees. This method allows me to pay my property taxes with a credit card for no fee. You can pay many bills with a credit card, but mortgages and credit cards are limited to bank accounts and debit cards.
This is where the Fold debit card comes in. This is a prepaid debit card that has a program called Fold+ which allows you to get 1% back in bitcoin for all debit card purchases. PayPal Bill Pay is such a qualifying purchase. In fact, they encourage it. This 1% bonus is accessible 30 days after the charge.
You fund the account using traditional ACH transfers. I have found that pulls originated at Fold are slow as sin. However, pushes at Alliant are overnight, and Fidelity processes them as same-day ACH. With Fidelity, the money shows up a few hours later.
Once you have money on the card, you use PayPal Bill Pay to pay your mortgage, credit card, or any other bill on there that doesn’t accept a credit card. Just select the Fold debit card as the payment method.
Once the payment posts on Fold, you get spins on their bonus wheel - one spin per $10 spent - to earn additional bitcoin. This averages out to about another .1% back. Bitcoin earned with bonus spins may be withdrawn immediately, as long as you have the minimum amount of bitcoin to withdraw.
Fold+ costs $10/mo, but they allow you to spend up to $25,000 per month. Do the math on your particular situation.
In my experience, PayPal Bill Pay has been reliable. My mortgage payment posted effective the next business day after submitting the PPBP payment. Heck, a Chase credit card payment even posted on a Monday after I submitted a payment on Sunday afternoon.
Happy to answer any questions, and if anyone is interested in a referral just let me know.