Card is now closing, credits won’t be honored.
Update 6/24/22: The card is now showing on Swagbucks with 12,000 ($120) bonus after your first purchase by signing up via a special link they’ll send you. I assume this will also stack with the Apple Watch offer. So it’s now $120 Swagbucks – $60 annual fee = $60 net after first purchase, and then you get the Apple Watch and drugstore/grocery 5% earn rate if you can meet the exercise requirements. (ht Vaughn)
Update 3/8/22: Paceline has added 5% on groceries & drugstores, the annual fee has been reduced to $60 from $120. I can’t see these increased categories lasting. In addition the watch credit is now over 12 months instead of 24 months and there is no monthly spend requirement.
Original Post:
Paceline (fitness rewards platform) has launched the Paceline credit card issued by Evolve Bank & Trust. The card comes with the following benefits/features:
- $60 annual membership fee
- Sign up bonus of up to $429 in credits for Apple Watch Series 7.
- To qualify maintain your Card Account status in good standing; and (2) achieve your Paceline activity goal as defined in your Paceline account documents
- Card earns at the following rates when you hit 150 minutes of elevated heart rate activity:
- 5% cash back on eligible Health & Wellness purchases
- Gym memberships and subscriptions, including Peloton, Equinox, SoulCycle, LifeTime, Orangetheory Fitness, Planet Fitness and more
- Grocery stores including Whole Foods, Trader Joe’s, Instacart and more.
- Qualifying pharmacy purchases at CVS, Walgreens, Rite Aid and others
- Fitness equipment with brands including Peloton, Tonal, Mirror and Echelon
- Fitness apparel and sporting goods with brands including Adidas, Athleta, Nike, lululemon, The North Face, Outdoor Voices, Patagonia and Under Armour
- 3% cash back on all other purchases
- 5% cash back on eligible Health & Wellness purchases
Our Verdict
This card is definitely worth considering now that the Apple Watch credit is over 12 months and the annual fee has been reduced. If you can take advantage of the 5% categories as well then I can see this worth doing. Not everybody will hit the exercise requirements though so that it something to keep in mind. We will add this to our list of the best credit card bonuses. Please do not share referrals in the comments.
No whole foods or Amazon award for hitting your streak this week. May be the real end here. Good run
Got Amazon award for p2 on last and this week. nothing for p1
As you may be aware, our company Railsr has served as the program manager and service provider for the Paceline credit card.
Paceline is changing service providers in order to enhance their credit card program’s features and benefits. Paceline will communicate to you separately regarding outstanding considerations and benefits relating to rewards associated with your Paceline card.
As of February 23 2023, we are terminating your right to make new purchases on your Paceline credit card. This is NOT because of any action or failure on your part and we sincerely apologize for any inconvenience this may cause you.
While your account will be unable to make new purchases, you will still be required to continue to make payments, monitor transactions, view statements, and treat the accounts as remaining open for all other purposes until the balances are paid in full. Any existing balances need to be repaid per the payment requirements outlined within your cardholder agreement and as outlined on your statements.We apologize for any inconvenience caused by this action.
We will continue to serve you until any remaining balance is paid in full. If you have any questions please call the number on the back of your card for additional information.
Looks like the paceline card is shutting down. Just got an email.
Will we be given a (prorated) refund of the annual fee?
Any legal recourse on them basically foregoing the Apple Watch credits that we are due?
Suggest taking a screenshot of the Apple Watch offer page in the app (the one that shows how many credits received and how many are left), just in case they pull it.
The email says: “Paceline will communicate to you separately regarding outstanding considerations and benefits relating to rewards associated with your Paceline card.”
So I think just wait and see for now
Not clear yet what will happen. From their FAQs:
What if I am enrolled in the Earn Your Apple Watch program?
If you’re actively enrolled in our Qualifying Fitness Device Purchase Reimbursement program, you will continue to receive weekly statement credits on your Paceline card as usual when you hit your Streak, up until your card is closed or 3/31 whichever is first. We look forward to recognizing participants’ engagement with Paceline with additional benefits to be communicated at a future date.
I saw and it is saying this:
What if I am enrolled in the Earn Your Apple Watch program?
If you’re actively enrolled in our Qualifying Fitness Device Purchase Reimbursement program, you will continue to receive weekly statement credits on your Paceline card as usual when you hit your Streak, up until your card is closed or 3/31 whichever is first. We look forward to recognizing participants’ engagement with Paceline with additional benefits to be communicated at a future date.
Website:
https://paceline.fit/cp1y2lypspa0hcifooel-ctpoc322qjzyxb7wj9vy/
This is not good actually. We are hoping them to reimburse all of the credit that left!
Luckily my final apple watch credit would be the week of 3/6. But it looks like I need schedule payment carefully to avoid them closing the account early due to card paid in full after 2/23.
Time will tell if they continue to pay out if you keep up your 150 minutes per week. Probably not but there is a chance. here are the terms, they can pretty much do what they want.
8. Changes and Cancellation. We may change these Terms and Conditions, temporarily
suspend, or permanently terminate the Program at any time at our sole discretion. The changes
will not affect your eligibility to earn cash rewards before the effective date of the change. We
reserve the right in our sole discretion to cancel your participation in the Program, close your
Card Account and cause you to forfeit your cash rewards balance without notice in the event we
believe that you have committed fraud or abuse, violated these Terms and Conditions or any
provision of your Cardholder Agreement, or if we see patterns suggesting improper use of the
Program, which can include your attempt to earn cash back rewards by making excessive charges
that are outside of the scope of usual or customary Card Account usage.
9. Closing Your Card Account. If your Card Account is closed, you will no longer earn cash
back rewards and any accrued value you have outstanding at that time will be forfeited and
cannot be redeemed.
https://paceline.fit/legal/paceline-cash-rewards-program-terms-and-conditions/
Dead, time to sell the apple watch, basically a piece of crap.
Any thoughts on exploiting the shit out of the rewards before the card is closed? I’ve been holding back for long term value thus far. I suppose the risk is they stop paying out the rewards.
They may have already stopped the rewards. Transactions that posted yesterday have no reward today 🙁
Are you still seeing rewards not posting?
They just went broke. The program is completely over as of 2/23/2023. It was a great one for me while it lasted. There wont be another 3X account like this one. X1 already changed their program to limit 3X earning to $7500/month.
I also got the email. Did they close only the credit card? Is the Fitness program still alive (150 active minutes for $1 amazon gift card weekly)?
well they did say they are changing providers so it might return, but likely as a shell of what it was and probably would have to reapply for it. in reality, makes sense that their program was not sustainable. Really hope they do something with this idea, it’s a neat idea and it will be unfortunate if it goes away.
Here’s the email: https://ibb.co/Pw2b4nC
RIP
Can’t imagine another VC firm is going to want to dump millions into a losing program. Was never sustainable. Just sad to see it go. Tried to file my IRS extension today, you don’t have to be a mind reader to guess what happened. Called, they said they would call me within 3 days. Always a pain paying taxes with paceline.
Card is being shut down. Just got an email. :/
Does anyone know what happens after year 1? Can we buy another apple watch and get weekly credits? TIA