Are you striving to maintain a healthy lifestyle while also maximizing your financial rewards? The best credit card for health and wellness may be the perfect solution for you! With these specialized cards, you can earn valuable rewards and benefits on your wellness purchases, incentivizing you to stay on track with your health goals. Discover the top credit cards designed to support your wellness journey and find the perfect one for you.
- Find the best credit card for health and wellness rewards in 2023, such as Paceline Credit Card, KrowdFit Wellness Rewards Mastercard, and The Ness Card.
- Consider medical credit cards like CareCredit® to cover specific procedures with interest-free payment options.
- Weigh potential credit cards for incentivizing physical activity.
Top Credit Cards for Health and Wellness Rewards
As health and wellness become more prominent, numerous credit cards now incentivize users for maintaining their fitness and health. These cards offer cashback, points, and other perks for health purchases, including those made at grocery stores.
Three notable contenders in this category are the Paceline Credit Card, KrowdFit Wellness Rewards Mastercard, and The Ness Card.
Paceline Credit Card
The Paceline Credit Card stands out among its peers with its generous cashback rewards and built-in fitness platform. Users can enjoy up to 5% cashback on wellness purchases and 3% back on all other purchases. Additionally, Paceline offers double cashback when users meet their fitness goals, rewarding them for staying active and healthy.
This card, with its simple account opening process and attractive sign up bonus, is a lucrative option for those dedicated to their wellness journey.
KrowdFit Wellness Rewards Mastercard
If you’re looking for a card that rewards you for staying active, the KrowdFit Wellness Rewards Mastercard is an excellent option. This card offers 4% cashback on qualifying health, medical, wellness, and lifestyle partner purchases, 2% back on qualifying grocery purchases, and 1% on all other purchases.
The KrowdFit app allows users to log their workouts and earn financial rewards, helping them manage medical debt and maintain a healthy lifestyle. Enhancing the card’s value, new cardholders get a free 12-month premium membership to either the MyFitnessPal app or the Calm app, and the card carries no annual fee.
The Ness Card
The Ness Card is another contender in the health and wellness credit card realm, offering users rewards for qualifying wellness purchases and healthy activities. This card provides 5 points per $1 spent on eligible health and wellness merchants, and an annual $200 credit for wellness expenses.
Suitable for individuals with a wide range of credit scores, the Ness Card is a valuable addition to anyone’s wallet, especially those who prioritize health and wellness in their daily lives.
Best Medical Credit Card for Specific Procedures
Designed to assist users in financing specific medical procedures, medical credit cards provide specialized benefits and payment options that cater to healthcare costs.
Two prominent medical credit cards are the CareCredit® credit card and the Paceline Credit Card. These cards provide interest-free payment options and rewards for various medical treatments and services.
CareCredit® credit card
The CareCredit credit card is a popular option for individuals seeking interest-free payment options for various medical procedures. This card offers interest-free periods of:
- Six months
- Twelve months
- Eighteen months
- Twenty-four months
These interest-free periods apply to eligible purchases of $200 or more, including drugstore purchases, making it suitable for financing treatments such as LASIK, dentistry, and veterinary services.
Paying off the balance before the expiration of the interest-free period is vital to avoid accruing hefty interest charges on the initial borrowed amount, especially when considering balance transfers within a billing cycle.
Should you use a credit card to pay big medical bills?
When faced with large medical bills, you might wonder if using a credit card is the right solution. Depending on your financial situation and ability to pay off the balance, a credit card can be a viable option.
For costs you can pay upfront, a rewards card might be the best choice, while for costs you could pay off within a year, a 0% interest card could be more suitable.
For costs you can pay upfront: A rewards card
If you can pay your medical expenses upfront, consider using a rewards card like the Citi Double Cash Card or Chase Freedom Unlimited. These cards offer cashback, points, or travel miles for every dollar spent, providing an opportunity to earn rewards on your medical expenses.
Remember that while some rewards cards may necessitate a monthly fee or an upfront annual fee, it’s important to balance potential rewards against the costs, including foreign transaction fees. With a no annual fee card, you can avoid the upfront cost and still enjoy the benefits of rewards.
For costs you could pay off within a year: A 0% card
For medical expenses that might take longer to pay off, a 0% interest card like the BankAmericard credit card or Capital One Quicksilver Cash Rewards credit card could be a better option. These cards offer an introductory 0% APR period, allowing you to finance your medical bills without accruing interest during the promotional period.
To dodge high interest charges, ensure to clear the balance before the 0% APR period ends.
Best for incentivizing physical activity
Maintaining an active lifestyle is crucial for overall health, and certain credit cards, such as Chase Ultimate Rewards, promote physical activity through credit card rewards and benefits linked to fitness and wellness targets.
The Paceline Credit Card and KrowdFit Wellness Rewards Mastercard are examples of credit cards that encourage users to stay active and maintain a healthy lifestyle.
Paceline Credit Card
As mentioned earlier, the Paceline Credit Card encourages users to meet fitness goals by offering double cashback rewards and a built-in fitness platform. This card not only rewards users for their health and wellness purchases, but it also motivates them to stay active and achieve their fitness objectives.
The integrated fitness platform allows users to monitor their progress, set goals, and ultimately lead a healthier lifestyle.
KrowdFit Wellness Rewards Mastercard
The KrowdFit Wellness Rewards Mastercard is another credit card designed to reward users for engaging in physical activity. Offering cashback and prizes for logging workouts and maintaining a healthy lifestyle, this card helps users stay motivated to achieve their wellness goals.
With its complimentary one-year premium membership to MyFitnessPal or Calm, the KrowdFit Wellness Rewards Mastercard adds extra value for those committed to a healthy lifestyle.
Tips for Choosing the Right Health and Wellness Credit Card
The selection of an appropriate health and wellness credit card is contingent upon your individual needs, expenditure patterns, and wellness ambitions. When evaluating credit cards, consider factors such as rewards and benefits, bonus categories, and any fees associated with the card. It’s important to choose a card that matches your lifestyle and delivers rewards and benefits that you’ll genuinely utilize.
Some aspects to consider when choosing a health and wellness credit card include:
- The type of rewards offered, such as cashback, points, or travel miles
- Bonus categories that align with your spending habits
- Any annual or monthly fees associated with the card
By evaluating these factors, you can find the perfect health and wellness credit card that supports your journey to a healthier lifestyle.
In conclusion, health and wellness credit cards offer valuable rewards and benefits that can help support your journey to a healthier lifestyle. Whether you’re looking for a card that incentivizes physical activity or one that offers rewards for specific medical procedures, there’s a health and wellness credit card to meet your needs. By considering your personal goals, spending habits, and wellness objectives, you can find the perfect credit card to complement your healthy lifestyle and maximize your financial rewards.
Frequently Asked Questions
Is there a health credit card?
Yes, there is a health credit card called CareCredit which can be used to cover medical expenses and pay them off over time. It is accepted at over 260,000+ locations and offers flexible financing options for customers in need.
What is better than CareCredit?
For those looking for an alternative to CareCredit, Denefits and Credee are great options. Denefits provides cover for a wide variety of procedures without a credit check, while Credee is an automated payment platform that allows patients to pay for medical treatments without a credit card or loan.
Which bank credit card gives most benefits?
The Chase Sapphire Preferred®. Card is one of the most popular travel rewards credit cards on the market, offering an excellent return on travel and dining purchases.
It has a ton of value that easily offsets its $95 annual fee, making it the best starter travel card for most users.
What types of rewards do health and wellness credit cards offer?
Health and wellness credit cards offer rewards such as cashback, points, travel miles, and perks for achieving fitness goals or participating in wellness programs.
Can I use a health and wellness credit card for medical expenses?
Yes, health and wellness credit cards offer rewards and benefits specifically for medical expenses, such as interest-free payment options or cashback.
These cards can be a great way to save money on medical expenses, as they often come with additional perks like discounts on prescriptions, free health screenings, and more.
For those who have high medical expenses, these are the best options.