5 Things to Know About the Ness Card

The Ness Card, issued by The Financial institution of Missouri, is a premium card — with a premium annual price ticket — geared towards those that spend critical bucks on self-care. You’ll be able to earn rewards factors by way of bodily exercise or by making eligible well being and wellness purchases and redeem rewards towards health clothes, gear, lessons, meals and extra.

It’s not the primary wellness card to attempt to get shoppers’ hearts palpitating. The Paceline Card, which was discontinued in February 2023, additionally tied rewards to bodily exercise. However that was a cash-back card, whereas the Ness Card’s redemption choices embody a rotating choice of collaborating retailers.

The Ness Card is at the moment in public beta, which means it’s accessible to anybody who qualifies, however card options could change (and it’s possible you’ll discover some bugs) because the product evolves. And to probably qualify, in accordance with a Ness consultant, you want a credit score rating of 680 or greater based mostly on the VantageScore 4.0 scoring mannequin.

Listed below are 5 issues to know concerning the Ness Card.

The Ness Card prices a sweat-inducing $349 per 12 months. That’s the type of annual payment you usually pay for high-end journey rewards playing cards with a great deal of helpful perks. This card does supply assertion credit and reductions at partnering retailers, which may help offset the price.

The best-to-maximize profit is its computerized $200 annual credit score towards “wholesome spending,” which incorporates broad classes like grocery shops, gymnasium memberships, drugstores and extra.

The cardboard additionally touts greater than $2,000 value of credit at collaborating retailers. For instance, as of this writing, you may stand up to $360 in credit at Sweetgreen, a fast-casual salad spot with places in 17 states and Washington, D.C. That will greater than cowl the annual payment by itself, however to get essentially the most out of this credit score, it’s essential to spend $150 at Sweetgreen per 30 days. That interprets to purchasing 10 to fifteen salads, relying on what you order and which location you order from, to get $30 again per 30 days. That’s a variety of kale.

Level being, utilizing these coupon book-style credit means it’s a must to spend numerous cash to avoid wasting a little bit cash. For those who store at Ness’ companion retailers already, you should use the Ness Card to your benefit and rating some reductions. For those who don’t, you’re much less prone to get worth out of this card.

There are 3 ways to earn factors on the Ness Card:

New cardholders can earn a sign-up bonus: 50,000 factors for those who spend $6,000 within the first 90 days.

The bottom rewards fee for all purchases is 2 factors per $1, however you’ll earn 5 factors per $1 at qualifying well being and wellness retailers. These embody:

• Meals. Grocery shops and wholesome eating places.

• Health. Attire, gymnasium memberships, health lessons, private coaching, sporting items, and leisure camps and actions.

• Well being care. Medical, dental and imaginative and prescient suppliers, drugstores and counseling providers.

• Cosmetics. Together with private care objects, spa providers or beauty medical providers like Botox.

• Outside actions. Campgrounds and nationwide parks.

Goal, Costco, Walmart and Amazon purchases should not thought of a part of the well being and wellness class. For those who make a purchase order you’d prefer to be thought of for the upper rewards fee, you may request that Ness assessment it to see whether or not you will be granted additional factors.

Train, sleep and mindfulness actions like meditating may also earn as much as 56 factors per day. To earn factors this fashion, it’s essential to join Apple Well being to the Ness Card app. Solely information from an iPhone or Apple Watch could be counted — different health trackers don’t work with the Ness app.

Redeeming for money again is an possibility, however your factors might be value solely half a cent every when used this fashion. You’ll get double the worth, 1 cent per level, once you redeem for merchandise and experiences by way of the Ness Card Rewards Marketplace.

Obtainable redemption choices are topic to alter over time.

Not like revolving bank cards, which let you carry a stability (with curiosity) from one month to the following, the Ness Card is a cost card. Meaning it’s essential to pay the whole stability in full each month, and there aren’t any curiosity expenses.

For those who make a late cost, you’ll be charged a $29 late payment the primary time. Miss one other cost due date inside the subsequent six billing cycles and also you’ll be charged a $39 payment. For those who make two consecutive late funds in a row, the late payment might be $39 or 1.99% of the unpaid stability, whichever is larger.

You handle your card and rewards within the Ness app, which is just accessible on iPhones operating iOS 14 or later. The Ness app will not be accessible on Android units. You’ll be able to, nevertheless, add your card to Apple Pay, Google Pay or Samsung Pay.