Fitness rewards app Paceline has launched its hotly anticipated credit card. The new Paceline Credit Card offers up to 3% back on eligible purchases, an Apple Watch statement credit bonus, and more for an annual fee of $120. Here are all the details of the new product:
Paceline Launches New Fitness Credit Card
The Paceline Credit Card is now live to applicants. The card, issued by Evolve Bank & Trust, is a first-of-its-kind fitness credit card that works within the Paceline mobile app ecosystem and features a $120 annual fee.
Paceline Credit Card Features
The main selling point with the new Paceline Credit Card is earning up to 3% cash back on health and wellness purchases. That 3% back rate is reliant upon the cardholder’s Paceline Streak status:
- Eligible purchases made with an active Paceline Streak earn 3%
- Eligible purchases made without an active Paceline Streak earn 1.5% back
A Paceline Streak is defined as a Paceline member achieving 150 or more elevated heart rate minutes per week, with no more than 50 minutes towards that goal coming from a single day. So if fitness is your passion, the Paceline Card might be right for you.
Apple Watch Sign-Up Bonus
Thanks to an introductory offer, fitness fanatics also receive the opportunity to get their hands on an Apple Watch Series 7. New accounts that pay their minimum balance due every month, maintain their Paceline Streak, and spend at least $500 each statement cycle – all for 24 months – receive up to $429 in statement credits towards the latest Apple Watch.
Paceline is the first-ever fitness rewards platform. The Paceline app provides a financial benefit to physical fitness by tracking activity and rewarding that activity with cash back rewards. Awards through Paceline include rewards from major names, including Dunkin’ Whole Foods, Starbucks, Athleta, Kind, Nike, and more.
The Paceline mobile app is available through the Apple App Store. The company seeks to add additional platforms, including the Google Play Store, in the future.
Related Article: Chase Launches Freedom Flex Holiday Cash Back Bonus