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Vital Credit Card Review: Legit or a Scam?

Vital Credit Card
Vital Credit Card

Vital Credit Card Review: Legit or a Scam?

Interesting upcoming card concept that's little more than a gimmick. Look to a traditional cash back card if you want to earn predictable rewards.
Editor's Rating: 1.0/5.0
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Editor's Rating

{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

1.0/5.0

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any credit card issuer.

The Vital Credit Card is an upcoming card offering that combines traditional cash back rewards with social sharing. The card gives you the potential to earn up to 5% cash back by completing various monthly activities and referring other people to the Vital card network. While the concept is an interesting attempt to gamify the credit card rewards world, we'd recommend a conventional cash back card that will earn you rewards in predefined bonus categories.

Vital Credit Card Review: Rewards Based on Activity and Referrals

Vital Credit Card
Vital Credit Card

Vital Credit Card

Vital Credit Card
Vital Credit Card
  • Compete for 5%, 2% or 1% cash back on every purchase
  • Earn cash back for each person you sign up
  • Activity points are rewarded for completing pre-determined monthly activies
  • No annual fee
  • Compete for 5%, 2% or 1% cash back on every purchase
  • Earn cash back for each person you sign up
  • Activity points are rewarded for completing pre-determined monthly activies
  • No annual fee
Annual Fee
No Annual Fee
Regular APR
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
N/A
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The information related to the Vital Credit Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Set to open for applications in late 2019, the Vital Credit Card is a unique card product whose benefits rely on your networking skills. The card earns a 1% rewards rate on all purchases and gives you the opportunity to earn up to 5% cash back based on your referrals and account activity.

How Does It Work?

The Vital Credit Card, still in the prelaunch phase, is a no-annual-fee cash back credit card that offers cardholders a few ways to boost their rewards rates above the industry average. First, you'll earn referral rewards for each friend you sign up to Vital card, each person your friend signs up to Vital card and each friend that person signs up to Vital card. Second, you'll earn activity points for things like paying your bill on time and donating to charity.

Referral Rewards

Referral rewards are different from cash back and are based on sharing. You'll earn referral rewards points for sign up three tiers out: 4 referral reward points for each friend, 2 for each person your friend signs up and 1 for each person that person signs up. For example, if you sign up three friends (12 points), each of your friend signs up three friends (18 points), and each of those three people sign up three friends (27 points), you'll earn a total of 67 points. To be eligible for referral rewards, the accounts you sign up must spend at least $1 a month.

Activity Points

You'll also be awarded activity points each month for completing certain tasks. For example, the Vital website cites that paying your Vital bill on time will earn you 20 activity points, a credit score increase will earn you 100 activity points and a donation to charity will earn you 50 activity points.

Up to 5% Cashback

Unfortunately, there's no guarantee that you'll get a 2% or 5% rewards rate for referring a certain number of people or completing a certain number of activities. Rewards are distributed on a scale, similar to how grades are curved in school—the most active people (those with the most activity points and referral rewards) will be rewarded 5% back on their month's purchases, the next active group 2% and the rest of Vital cardmembers 1%. As of publication, it's unclear what percentage of people will be in each rewards group.

$250 Spending Minimum

To be eligible to earn monthly referral rewards, you'll need to spend at least $250 each month. If you don't meet this monthly minimum, you won't earn any rewards for the month, no matter how many activity points or referral rewards you earn.

ValuePenguin's Verdict: Not Worth the Hassle

The Vital Credit Card is a gimmick above all else. In all likelihood, you'll end up earning the minimum 1% cash back unless you're extremely proactive about referring people—and have a large network of people who are willing to sign up for a credit card from a brand-new company with a limited public profile.

Credit card rewards are meant to be an easy way to earn some money back on your purchases, not a second job. As such, we'd recommend a traditional cash back or rewards card that will earn you predictable, stress-free rewards.

The information related to the Vital Credit Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Better Rewards Cards with No Annual Fee

If you're looking for a cash back or rewards card with a rewards rate higher than 1%, there are some great alternatives to the Vital Credit Card. We recommend the Wells Fargo Propel American Express® Card for most people due to its broad range of bonus categories that earn a 3% rewards rate.

1.5% on All Purchases

On Chase's Secure Website

Chase Freedom Unlimited®

On Chase's Secure Website
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No annual fee
  • Free credit score, updated weekly with Credit Journey℠
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.74-25.49%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No annual fee
  • Free credit score, updated weekly with Credit Journey℠
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
Annual Fee
$0
Regular APR
16.74-25.49% Variable
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

The Chase Freedom Unlimited® is another great cash back card without an annual fee. You'll earn 1.5% on every purchase, plus the opportunity to earn a higher rewards rate if you have a Chase Sapphire Preferred® Card or Chase Sapphire Reserve®. New cardholders can also earn $150 after spending $500 in the first three months of account opening.

Choose Your Own Bonus Category

On Bank of America's Secure Website

Bank of America® Cash Rewards credit card

On Bank of America's Secure Website
$200 cash rewards bonus after making at least $1,000 in purchases in the first 90 days of your account opening
  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.74% - 25.74% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No expiration on rewards
  • If you're a Preferred Rewards member, you can earn 25% - 75% more points on every purchase
  • No annual fee
  • $200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice, 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases) and unlimited 1% on all other purchases
  • 0% Introductory APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 15.74% - 25.74% Variable APR will apply. A 3% fee (min $10) applies to all balance transfers
  • No expiration on rewards
  • If you're a Preferred Rewards member, you can earn 25% - 75% more points on every purchase
Annual Fee
$0
Regular APR
15.74% - 25.74% Variable APR on purchases
Credit Needed
{"onCurrent":true,"message":"There are various types of credit scores. Each creditor uses a variety of different types of credit scores to make lending decisions."}
Excellent/Good
Editor's Rating
{"onCurrent":true,"message":"Our team rates credit cards objectively based on independent research, the features the credit card offers users, and how it compares with other available cards in its category. The ratings are the opinion of our editors, and are not influenced by any outside factors, including any compensation the site may receive from certain advertisers."}

With the Bank of America® Cash Rewards credit card, you'll be able to choose your own 3% rewards rate category each month. The options for the bonus category include gas, online shopping, dining, travel, drug stores and home improvement/furnishings. You'll also earn 2% back at grocery stores and wholesale clubs, 1% on everything else, and a 25% to 75% rewards bonus on every purchase if you're a Preferred Rewards member. Note that rewards are capped at $2,500 in combined quarterly purchases on the 2% and 3% categories.

3% Rewards Rate in a Variety of Categories

Our Thoughts

The Wells Fargo Propel American Express® Card is an excellent rewards card with no annual fee. You'll earn 3X bonus points per dollar on restaurant, gas station, rideshare, transit and travel purchases, including flight, hotels, homestays and car rentals. Most cards with 3% rewards rates on these categories charge an annual fee upward of $100.

The information related to the Wells Fargo Propel American Express® Card has been collected by ValuePenguin and has not been reviewed or provided by the issuer of this card prior to publication.

Compare Other Cashback and Rewards Cards

Use our comparison tool below to see how each card we've recommended works for your spending habits. Note that the Vital card, slated to release at the end of 2019, will offer a base 1% rewards rate with the opportunity to earn up to 5%. If you don't qualify for Vital's top rewards rate of 5% or mid-tier rewards rate of 2% through activity and referrals, you'll likely earn a higher rewards rate from a different card.

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Assumptions based on $1,430 monthly spend
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Comments and Questions

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The products that appear on this site may be from companies from which ValuePenguin receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). ValuePenguin does not include all financial institutions or all products offered available in the marketplace.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Example of how we calculate the rewards rates: When redeemed for travel through Ultimate Rewards, Chase Sapphire Preferred points are worth $0.0125 each. The card awards 2 points on travel and dining and 1 point on everything else. Therefore, we say the card has a 2.5% rewards rate on dining and travel (2 x $0.0125) and a 1.25% rewards rate on everything else (1 x $0.0125).

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