If you’re looking for a way to reward yourself for staying fit and healthy, you might be interested in the KrowdFit Credit Card. This card is designed to help you earn cash back for your wellness activities, such as walking, running, sleeping, and meditating. Here are five things you need to know about this card before you apply.
1. You need to join KrowdFit first.
KrowdFit is a wellness rewards program that pays you to be active and healthy. You can join KrowdFit for $9.95 per month or $99 per year and get access to various challenges, sweepstakes, and rewards. You also need to link your fitness tracker or app to your KrowdFit account to track your activities.
2. You can earn up to 5% cash back on your purchases.
The KrowdFit Credit Card offers a tiered cash back system based on your wellness score. Your wellness score is calculated by KrowdFit based on your activity level, sleep quality, and mindfulness habits. The higher your score, the more cash back you can earn. Here’s how it works:
– If your wellness score is below 50, you earn 1% cash back on all purchases.
– If your wellness score is between 50 and 74, you earn 2% cash back on all purchases.
– If your wellness score is between 75 and 89, you earn 3% cash back on all purchases.
– If your wellness score is between 90 and 99, you earn 4% cash back on all purchases.
– If your wellness score is 100, you earn 5% cash back on all purchases.
3. You can redeem your cash back for various rewards.
You can choose to receive your cash back as a statement credit, a direct deposit to your bank account, or a gift card from various retailers. You can also use your cash back to pay for your KrowdFit membership fee or donate it to a charity of your choice.
4. You don’t have to pay an annual fee or foreign transaction fees.
The KrowdFit Credit Card has no annual fee, which means you can enjoy the benefits of the card without paying extra. The card also has no foreign transaction fees, which means you can use it abroad without worrying about extra charges.
5. You need good credit to qualify for the card.
The KrowdFit Credit Card is not for everyone. You need to have a good credit history and score to be approved for the card. The card also has a variable APR that depends on your creditworthiness and the market rate. The current APR range is between 14.99% and 24.99%.
The KrowdFit Credit Card is a unique way to motivate yourself to stay fit and healthy while earning cash back on your purchases. However, it’s not a card for everyone. You need to weigh the pros and cons of the card before you apply and make sure you can pay off your balance in full every month to avoid interest charges.