Fitness rewards app Paceline is introducing a new credit card later this year. The new Paceline Visa Signature Card will allow cardholders to earn rewards on health and wellness purchases – in addition to rewards earned through fitness activities via the company’s app.
What is the Paceline Visa Signature?
The new Paceline Visa Signature credit card is hoping to capitalize on the health and wellness sector by launching the first fitness credit card in the United States. The new card will offer cash back rewards on spending in select categories, including categories “nourish,” “move,” “recover,” and “celebrate.”
When Will the Paceline Visa Signature Launch?
The launch date for the Paceline Visa Signature is currently unknown. Interested consumers can sign-up for the card’s waitlist. They can also download the company’s mobile app through the Apple App Store. Keep In mind that the initial credit card launch will target only the most active users.
“Using Credit Card Rewards to Increase Physical Activity”
Discussing the upcoming launch, Joel Lieginger, Paceline’s founder and CEO, said the card will help get Americans moving – and reward the app’s most loyal users:
“Our existing users spend nearly half of their monthly total spend on health and wellness gym memberships, apparel, equipment, and groceries,” he said. “Through our own credit card, we can enhance this experience further by using credit card rewards to further increase physical activity, creating a virtuous cycle to change the nature of preventive health in society.”
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.
Reaching 150 minutes every week entitles users to rewards, which are linkable to debit and credit cards. 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.
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Featured photo by Nicole De Khors / Burst
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