Specifically, the newly launched credit card and apps from Ness, Paceline, and KrowdFit offer extra cash back or points to spend on things like salads, meditation apps, or a pair of running shoes. And it’s worth noting that “for a long time, credit card rewards weren’t just about cash back. [at places like supermarkets and gas stations] Originally limited to travel, “says Sarah Rathner, a credit card specialist at NerdWallet. But with the reward structure of these new wellness cards, you are encouraged to make a regular habit of healthy spending, which can further boost your health (and pad your wallet). On the bottom line.
How about Consider the long-term side effects of preventive health: Once you are actively taking care of your mental and physical health अवस्थामा in this case, monetary stimulus is pushing you to do so — you are less likely to get sick and then hit with greater health costs. It was a response loop, in particular, that led to the creation of the Ness app. To help ensure that user wellness-related purchases continue to support good health over time, Ness rewards points for these costs (instead of direct cash), which are redeemable at various tested wellness-enhancing merchants such as Sweetgreen and Barry’s Bootcamp. Thoughts? One healthy expenditure gives birth to another.
It’s time to dump her and move on. -Jim Miller, Chairman and CEO of Crowdfit
Using a different tack, KrowdFit also doubles its welfare-enhancing benefits by rewarding members with entries in cash gifts (up to $ 5,000) while achieving exclusive health wins on the linked wellness device. (For example, it looks like eight hours of sleep or 30 minutes of activity a day.) “Rewards programs are popular in our consumer-driven society, from airline mileage rewards to earning a late stay at your favorite coffee shop. “Poor health is one of the biggest challenges facing our country, and it’s time to recognize and reward meaningful behaviors for healthy behavior,” says Jim Miller, President and CEO of KrowdFit.
Here’s a breakdown of the apps designed around 3 new credit cards and welfare rewards
Linking a credit card to the Ness app allows you to start earning points for any healthy expenses you make on that card (at the rate of one point per dollar). What qualifies as “healthy” in this case? That’s anything that falls into Ness’s internal “health framework”, which includes fitness, nutrition, emotional, medical, sleep, and recovery categories.
Neres co-founder Derek Flanzraich says, “We’ve built a comprehensive (and growing) database of healthy purchases that fall into these buckets, including specialized merchants.” An in-house clinician team led by Ness co-founder and chief medical officer, psychiatrist Christina Gardes, MD, has also investigated.
If you come up with something out of the ordinary, then they have to re-enter the database. If it is approved by the Ness Clinical Team, you will receive bonus points, and from there every Ness user who spends at the place will also receive points.
Once you start accumulating those points, you will be able to redeem them for gift cards at all those same welfare merchants (so, ultimately, buying healthy items will get you less expensive or free healthy items). In the future, those points will come even faster and move forward: Ness Credit Cards, starting later this year, will bump up rewards for welfare spending, and the list of places you can redeem them is growing rapidly. In addition to additional health-enhancing services and experiences, it will soon include WellSet’s network of 4,000-person practitioners – which means you can also use your Ness Points to see health professionals such as physicians, nurses, or registered dietitians.
From the beginning, Paceline credit cards Does Offer extra cash back for health expenses (2.5 percent) (which gives you 1.5 percent) compared to other expenses like gym and fitness studio – but the real health benefit comes when you link the card to a wearable activity tracker. This allows you to double your cash back rewards each time you hit the 150-minute movement weekly activity streak, so you’re getting 5 percent cash back for welfare expenses and 3 percent on everything else.
Not eligible to link? Paceline has partnered with Apple to say that if you buy an Apple Watch when signing up for a Paceline card (which has a शुल्क 60 annual fee), you can earn weekly credits at the price of the watch each time your activity hits the streak. Do that every week, and you’ll get back the full value of the watch in 12 months.
Because of its activity-focused focus, Paceline is best for people looking for extra support, especially when it comes to exercise. And currently the list of merchants eligible for additional cash back reflects the fitness angle, including brands such as Equinox, Peloton, Nike, and Outdoor Voices. That said, the more times you hit your weekly streak, the more bonus discounts and gift cards you will receive from other busy payline partners in the welfare industry, such as Daily Harvest, Thrive Market, and Hello Bello.
Originally established as a cash-back wellness promotion program, KrowdFit syncs accounts with a smartphone, wearable tracker, and Calm and MyFitnessPal to measure all your health-promoting activities and reward you for them. When this data flows to KrowdFit, you earn entries in cash gifts allocated directly from the company’s revenue.
“We release these entries based on the efforts that members make each day to live a healthy, active lifestyle,” says Miller. For example, you’ll enter into a Mindfulness gift, for a chance to win 50, you enter 5 minutes of meditation (up to two entries per day) in the Calm app each time, and you’ll enter. Steps Giveaway, where you can win $ 2,500, each time you take 5,000 steps (up to four entries per day).
The recently launched KrowdFit credit card enhances these features. It comes with a premium KrowdFit subscription (typically $ 18 per year) and lets you take bonus entries on all gifts on a regular basis – which is also increasing in value as the platform gets more users.
Separately, the card “offers a 4 percent cash back on purchases related to fitness, sports, recreation, and anything that originally supports an active lifestyle,” says Miller. (Like Paceline, it’s especially suitable for anyone looking for workout-related benefits.) As an added bonus, you’ll also receive a free premium annual subscription to Calm or MyFitnessPal when signing up, making it easy to link to any account. And start working on those gift entries right away.
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