[Shutting Down] Ness Wellness Credit Card – 50,000 Point ($500) Bonus, $349 Annual Fee

Update 11/15/23: Card is shutting down.

• Your card will no longer work to make purchases effective 5:00 p.m. EST today. I know this is very inconvenient, especially for so many of you that have made Ness a part of your everyday life (and for all those recurring subscriptions.) But it’s what our business and partners require, so we appreciate you understanding.
• Please pay off your outstanding balance (as you always have, thanks!) via the Ness app by December 19, 2023.
• Use your rewards! You’ve earned them. We’ll do whatever we can to make sure you can redeem your points (through November 22, 2023). We’ve discounted many of our rewards to get you more value. If you don’t see something you wanted to redeem for, reach out and we’ll see what we can do. And if you just want to keep things simple, our cash back option is available for unlimited use.
• And finally, know we’re going to reimburse part of your annual fee based on how long you’ve been a member and how much of the available benefits you’ve used as of October 31, 2023. For example, if you have had your Ness Card for 6 months and have used the $200 Healthy Spend Credit and a $15 Sweetgreen credit, you will receive a $67 refund. We’ll apply that to your outstanding balance. If you do not have an outstanding balance, you will receive a check in the mail.

Original post: Ness Wellness is a new card that is currently in beta. Let’s have a quick look at this card:

• $349 annual fee
• 50,000 point sign up bonus when you spend $6,000 within the first 90 days
• $200 Healthy Spend Credit
• 20,000 Points on Healthy Activity (Earn up to 56 points per day for healthy activities like working out, sleeping, walking, and mindfulness.)
• Up to $2,000 in credits with partner
• Card earns:
  • 5x on health and wellness (includes grocery stores)
  • 2x points on all other purchases
• Every 5th and 10th salad free at Sweetgreen every month
• Points are worth 1¢ each towards partners and 0.5¢ towards statement credit

Our Verdict

Bit annoying you can’t cash out points at 1¢ for statement credit. You’d really need to be a big fan of one of their cashout partners (Chipotle/Sweetgreen and a few others) to make this worth it and even then you can usually get a 10% discount on Chipotle gift cards so points are really worth 0.9¢. If you can max out the 20k points from healthy activity and the $200 credit on health and wellness spend then you make up for the high annual fee and then this $500 bonus is good. But that is a lot of IF’s so for most people this won’t be worth it.