Paceline (fitness rewards platform) has launched the Paceline credit card issued by Evolve Bank & Trust. The card comes with the following benefits/features:
- $120 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:
- 3% cash back on eligible Health & Wellness purchases
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
Other than the sign up bonus the card isn’t really interesting.