Paceline Introduces Credit Card With Rewards Tied to Fitness Goals Paceline Introduces Credit Card With Rewards Tied to Fitness Goals
Paceline credit card

Paceline Introduces Credit Card With Rewards Tied to Fitness Goals

A new credit card offering is looking to help consumers with both their financial and physical fitness. This week, Paceline formally unveiled the Paceline Visa Signature Card. While the product does carry a $60 annual fee, it also features some unique earning components that could be lucrative for cardholders.

Starting off with the base rewards, the Paceline Card earns 2.5% cashback on “Health and Wellness” purchases as well as 1.5% on all other qualifying purchases by default. Additionally, the “Health and Wellness” category is quite broad, covering everything from gym memberships and fitness equipment to sporting goods and even groceries. What’s more, earnings for both categories can be doubled if cardholders reach certain fitness goals.

Paceline Card customers who achieve their “Paceline Streak” of 150 exercise minutes per week will enjoy enhanced rewards. This includes unlimited 5% back on “Health and Wellness” categories and unlimited 3% back on all other qualifying purchases. All cashback will be automatically applied to customers’ balances and reflected in their monthly statements. Note that activity monitoring is completed using the Paceline app with any compatible wearable device.

Speaking of wearables, Paceline is also offering a unique welcome bonus that helps enable cardholders to purchase a new Apple Watch. Currently, new cardmembers are eligible for weekly statement credits towards the purchase of any Apple Watch, including the Apple Watch Series 7. These credits will amount to as much as $429 over the course of 12 months. To qualify, customers must continue to hit their Paceline Streak and have their account in good standing.

Interestingly, the Paceline Visa Signature Card seems to be a “2.0” version of the Paceline Card that was announced this past fall. According to the original press release for that product, the card would earn 3% back on Health and Wellness purchases and 1% back on all other purchases if cardholders hit their streak, while falling to 1.5% and 0.5% cashback respectively if they didn’t. Additionally, that version of the card carried a $120 annual fee as opposed to the updated $60 fee. Both cards are issued by Evolve Bank & Trust.

In a statement about the new Paceline Card, the company’s founder and CEO  Joel Lieginger said, “Your health is your most valuable asset, and you should be rewarded for pursuing it. Paceline empowers people to turn their physical health into an asset, and ultimately enables people to get rewarded for living healthier, better, and longer lives.” Lieginger added, “The Paceline Card delivers on that promise and reinforces our mission to change the nature of preventive health in society.” 

Overall, between the up to 5% back on a very wide “Health and Wellness” category and up to 3% on everything else, the Paceline Card could easily be worth the $60 annual fee. Of course, this is contingent on customers keeping their Streak alive — although 150 minutes a week does seem fairly reasonable. Plus, should you fall short while on vacation or for other reasons, the 2.5% and 1.5% rewards are still quite decent.

The only potential downside to the Paceline Card as it stands is the confusion surrounding the previous iteration. Considering that the 1.0 only launched a few months ago, prospective cardholders may be wondering if another overhaul could hit before long. Still, setting those fears and ambiguity aside, the Paceline Card could be a great option for those looking to maximize financial rewards while also striving to reach their fitness goals.

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
Summer app

Student Loan Benefit FinTech Summer Raises $6 Million

For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...
Melissa Urban holding a Ness card

Health and Wellness Rewards Card Ness Partners with Whole30

In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...
Choice Privileges Select Card

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....