KrowdFit is a digital wellness engagement platform that makes it potential to earn cash-back rewards while you use its app to trace actions like steps, sleep and meals. The corporate additionally gives the $0-annual-fee KrowdFit Wellness Rewards Mastercard, which may help enhance your monetary health while you spend on self-care.
Cardholders can earn a formidable and uncapped 4% money again on an expansive checklist of eligible “well being, wellness, medical and life-style companions” — together with Walmart and Goal — along with 2% again on grocery purchases and 1% again all over the place else. Higher but, these rewards are issued immediately, so that you received’t have to attend till the tip of your billing cycle to redeem them.
In keeping with a KrowdFit consultant, you’ll want a FICO rating above 650 to qualify for the cardboard, which comes with a digital card quantity for quick use upon approval.
Listed below are 5 issues to know in regards to the KrowdFit bank card.
1. Earn outsized money again on wellness purchases and extra
The KrowdFit Card gives 2% money again at grocery shops (excluding membership shops like Costco) and 1% money again on all different purchases. Whereas these charges are unspectacular, the cardboard stands out due to the breadth of classes that qualify for its stellar 4% charge. A few of these classes embody:
Meals: Eating places, specialty markets and “miscellaneous” meals shops.
Health: Sporting items shops, bicycle outlets, membership golf equipment and dance studios.
Well being care: Medical and dental suppliers, medical insurance and drugstores.
Wellness: Therapeutic massage parlors, spa companies, and well being and sweetness outlets.
Clothes: Household clothes shops, sports activities attire and shoe shops.
Out of doors actions: Private and non-private golf programs, nation golf equipment, and sporting and leisure camps.
Transportation: Together with boat, bike and snowmobile sellers.
Low cost shops: Together with Walmart, Goal and others.
As of this writing, greater than 30 service provider class codes (MCC) qualify for 4% money again — an enormous quantity for a no-annual-fee card that doesn’t require lively administration, comparable to monitoring a bonus calendar or opting into bonus classes.
Additionally, should you make a purchase order that you simply assume ought to qualify for bonus money again and it doesn’t, you may request to have the MCC code added to KrowdFit’s checklist.
2. Get one yr of KrowdFit Premium and further money giveaway entries
Like many apps, KrowdFit has two variations: a free one with commercials, and a premium one with out the adverts that guarantees a number of further perks. Cardholders will obtain a one-year complimentary membership to KrowdFit Premium, usually $1.99 per thirty days.
To incentivize wholesome dwelling and exercise, KrowdFit gives money giveaways which might be paid out Monday, Wednesday and Friday of each week, along with a $5,000 bodily exercise money giveaway on the primary day of each month. The extra you employ the app to trace issues like sleep, eating regimen and exercise, the extra entries you get.
3. See your credit score line and rate of interest earlier than the laborious pull
Once you apply for a bank card, the issuer will sometimes conduct a tough inquiry to find out your creditworthiness. That inquiry can typically result in a short lived lower in your credit score scores, regardless that it’s typically performed earlier than you realize what credit score restrict and rate of interest you’re being supplied.
However the KrowdFit card helps you to see whether or not you’ll be authorised — together with the credit score restrict and rate of interest — earlier than you obtain a tough pull. That method you realize precisely what you’re being supplied and whether or not it’s well worth the affect to your credit score scores. A tough pull is performed solely after you settle for the supply.
Who does not need to be rewarded?
Create a FinanceGrabber account for customized suggestions, and discover the cardboard that rewards you probably the most on your spending.
4. Obtain an immediate digital card quantity
When you settle for the credit score line and rate of interest offered via the preapproval course of, you’ll instantly obtain a digital card quantity. This quantity provides you immediate entry to your credit score line and might be added to your digital pockets or used on-line for purchases.
When you obtain the bodily card within the mail, merely substitute your digital card quantity with the quantity on the entrance of your card.
5. There’s no sign-up bonus
The continuing rewards construction for the KrowdFit card is strong, however the card lacks one thing different no-annual charge playing cards supply — a sign-up bonus. Whether or not you’re in search of money again or journey miles, a sign-up bonus is the simplest strategy to pile up rewards.
The Wells Fargo Autograph℠ Card card has a $0 annual charge and gives the next sign-up bonus: Earn 20,000 bonus factors while you spend $1,000 in purchases within the first 3 months – that is a $200 money redemption worth. You’ll additionally earn 3 factors per $1 spent on journey, eating, fuel, public transportation, streaming companies and telephone plans.
Or there’s the Chase Freedom Flex℠, which additionally has a $0 annual charge and options the next sign-up bonus: Earn a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. As well as, you may earn 5% money again on as much as $1,500 in mixed purchases in bonus classes you activate every quarter; 5% again on journey bought via the Chase Final Rewards portal; and three% again on eating and drugstore purchases. All different nonbonus-category purchases earn 1% again.