| Last updated on December 11th, 2023
Venmo Visa Credit Card
Venmo Visa Credit Card
Venmo Visa Credit Card
- 20.24%, 26.249% or 29.24% variable based on creditworthiness and the Prime Rate Regular Purchase APR
- 28.99% variable based on the Prime Rate Cash Advance APR
At a Glance
The Venmo Visa Credit Card is a unique twist on fintech credit cards. The card, from Synchrony Bank, offers up to 3% cash back on purchases, with rewards automatically calculated and debited into the associated Venmo account. The card also offers no annual fee and no foreign transaction fees.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn custom cash back rewards – up to 3% on your top spend category
- Syncs seamlessly with the Venmo app
- Visa contactless technology allows you to shop securely at contactless-enabled terminals
- Choose from various colors, and each card contains a unique QR code that takes users straight to your profile
- No annual fee
- Regular Purchase APR: 20.24%, 26.249% or 29.24% variable based on creditworthiness and the Prime Rate
- Cash Advance APR: 28.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: Up to $41
- Return Payment Penalty Fee: Up to $30
- You already use Venmo or are interested in using it
- You want a simple, automatic rewards structure
- You don’t want to pay an annual fee or foreign transaction fee
Venmo Visa Credit Card Review
The Venmo Visa Credit Card is a unique cashback credit card from Venmo. The card offers no annual or foreign transaction fees and up to 3% cash back on your top eligible spend..
Choose Your QR Code Design
One of the coolest features of the Venmo Card is the unique QR code on the front of every card. Each cardholder will receive a unique QR code that allows friends to connect via the platform quickly – letting them pay back a round of drinks – or ask for payment for part of a group dinner.
How to Earn Rewards
There has been a shift towards more versatile cash back rewards in the credit card industry, and the Venmo Card is one of the best entries into this new arena in recent times. The card earns up to 3% cash back on eligible purchases in the cardholder’s top spending category.
Cardholders will also earn 2% back on the category they spend the second most in, with 1% cash back on all other purchases. Venmo automatically tracks the purchases and tabulates everything for you, meaning there is no hassle, confusion, or instant savings.
The following categories are eligible for the 3%, 2%, and 1% cash back breakdown with the Venmo Visa Card:
| Bills & utilities | Recurring subscriptions (like streaming) | Dining | Nightlife |
| Gas | Groceries | Wholesale clubs | Health & beauty |
| Transportation | Travel | Other |
Cash back earned is automatically debited into the cardholder’s existing Venmo account, letting them spend, send, or whatever – anywhere Venmo or PayPal is accepted. This streamlined redemption process is great for fans of simplified rewards – including spending them!
Mobile Wallet App Comparison
 Venmo Visa |
 PayPal Cashback Mastercard® |
|
| Annual fee | $0 | $0 |
| Rewards | Earn 3% back on your top spending category, 2% back on your next highest spending category, and 1% on all other purchases | Earn 3% back on PayPal purchases and unlimited 2% back on all other purchases |
| Redemption | Automatically redeemed | PayPal deposit or statement credit |
| Network | Visa | Mastercard |
Other Card Features
Other notable features of the Venmo Visa Card include seamless integration into Venmo’s handy mobile application (available for all mobile platforms). This integration allows cardholders to split bills with friends quickly, track all their spending, and promptly disable their cards in the event of fraud or theft.
The card also offers contactless and mobile payments, which is a great bonus in a post-COVID world. Finally, the Venmo card provides enjoys Visa benefits, including:
| Zero Fraud Liability | Cardholder Inquiry Services | Emergency Card Replacement |
| Roadside Dispatch and Auto Collision Damage Waiver | Lost/Stolen Card Reporting | ID Navigator from Norton |
Synchrony Ratings
How does Synchrony stack up as a credit card issuer? Here is a selection of ratings for the bank:
| BestCards | Better Business Bureau | TrustPilot |
|
4/5 |
2.5/5 |
3/5 |
Should You Apply for the Venmo Visa Credit Card?
The Venmo Visa Card is one of the most enticing credit cards offers to come around in recent years. The chance to earn 3% cash back is always welcome – as is the ability to get 2% back on your second heaviest spend category. Even better, Venmo and Synchrony automatically tally the rewards and put them into your associated Venmo account.
The card is a great option for those who love to use digital payment platforms like Venmo or PayPal. For everyone else, however, the card will have no appeal. But since you can’t apply without a Venmo account anyway, that point is fairly moot.
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