Paceline Credit Card: Apple Watch (Up To $429 Credit) Sign Up Bonus (5% Drugstores, Groceries Added)

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Update 3/4/22: Paceline has added 5% on groceries & drugstores, the annual fee has been reduced to $60 from $120. I can’t see these increased categories lasting.

Paceline (fitness rewards platform) has launched the Paceline credit card issued by Evolve Bank & Trust. The card comes with the following benefits/features:

  • $60 annual membership fee
  • Sign up bonus of up to $429 in credits for Apple Watch Series 7.
    • To qualify, cardholders must hit their weekly activity streak of 150 minutes of physical activity, make their minimum payment each statement cycle, and spend $500 each statement cycle for 24 months.
  • Card earns at the following rates when you hit 150 minutes of elevated heart rate activity:
    • 5% cash back on eligible Health & Wellness purchases
      • Gym memberships and subscriptions, including Peloton, Equinox, SoulCycle, LifeTime, Orangetheory Fitness, Planet Fitness and more
      • Grocery stores including Whole Foods, Trader Joe’s, Instacart and more.
      • Qualifying pharmacy purchases at CVS, Walgreens, Rite Aid and others
      • Fitness equipment with brands including Peloton, Tonal, Mirror and Echelon
      • Fitness apparel and sporting goods with brands including Adidas, Athleta, Nike, lululemon, The North Face, Outdoor Voices, Patagonia and Under Armour
    • 3% cash back on all other purchases

 

Our Verdict

The Apple Watch credit sounds great at first glance but it’s split up over 24 months meaning:

  • You’d need to pay $240 in annual fees
  • You need to spend $500 per month ($12,000 total)
  • You need to hit weekly exercise requirements

The 3/5% categories are obviously fantastic but can’t see them lasting.



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