Essential Facts About the KrowdFit Credit Card
The KrowdFit Wellness Rewards Mastercard, issued by Community Federal Savings Bank, is a unique credit card offering designed to incentivize healthy living and wellness. As of November 2023, this card is closed to new applicants.
One of the standout features of the KrowdFit card is its rewards structure. Cardholders can earn 4% cash back on eligible health, wellness, medical, and lifestyle partners, 2% back on grocery purchases, and 1% back everywhere else. It's worth noting that more than 30 merchant category codes (MCC) qualify for the 4% cash back.
Unlike some other cards, rewards issued by the KrowdFit card are issued instantly. Upon acceptance of the credit line and interest rate, a virtual card number is immediately provided for immediate use. New cardholders can also choose between a complimentary one-year membership to MyFitnessPal Premium or Calm Premium.
A key advantage of the KrowdFit card is the transparency it offers. Before a hard credit inquiry, card applicants can see the credit limit and interest rate. This is not a common practice for many other credit cards.
The KrowdFit card does not offer a sign-up bonus, unlike the Chase Freedom Flex®, which offers a $200 Bonus, or the Wells Fargo Autograph® Card, which offers a $200 cash redemption value sign-up bonus.
In addition to the rewards and benefits, KrowdFit offers cash giveaways to further incentivize healthy living and activity. The platform is a digital wellness engagement platform that offers a $0-annual-fee credit card for wellness rewards.
It's important to note that to qualify for the KrowdFit card, a FICO score above 650 is required. Also, no information about the physical card replacement process, the ongoing rewards structure for other no-annual-fee cards, or the merchant category codes that qualify for 4% cash back for other cards is mentioned.
In conclusion, the KrowdFit Wellness Rewards Mastercard offers a unique approach to credit card rewards, focusing on wellness and healthy living. While it may not have a sign-up bonus like some other cards, its instant rewards, transparency, and additional benefits make it an attractive option for those who prioritize health and wellness.
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