Venmo Credit Card

The Venmo Credit Card is a Visa card, issued by Synchrony Bank. It might be best for students and others who already use the Venmo app (you need a Venmo account to apply). The rewards structure is simple, you earn rewards on the eligible categories you spend the most on. The card also comes with a QR code that friends can scan to swap money back and forth. This is especially handy if you’re splitting the bill at a restaurant. You can redeem your cash back rewards to your Venmo account, transfer them to your bank account, or use them to buy crypto. We dive into the details and your approval odds in this Venmo Card review.

Venmo Credit Card

Our Rating

4.2/5.0

Welcome Offer

None

Annual Fee

$0

0% Intro on Purchases

None

Reward Rate

1% to 3%

0% Intro on Balance Transfers

None

Editorial Review

Features & Benefits

SecurityZero Liability, Virtual Card Numbers, Card Lock
Contactless PaymentsTap to Pay, Apple Pay, Google Pay, Samsung Pay
Benefits24/7 customer service
Travel PerksEmergency Travel Assistance, Roadside Assistance

Rewards

1% cash back
On all other eligible purchases
Earn 1% cash back on all other eligible purchases
2% cash back
Rotating Categories
Earn 2% on you next highest spend category
3% cash back
Rotating Categories
Earn 3% cash back on your top spend category. Categories include transportation; groceries; travel; entertainment; dining and nightlife; bills and utilities; health and beauty; gas; other

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR20.49% to 29.49% (V) APR

What Credit Score Is Required to Get the Venmo Credit Card

The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.

Lowest Approved Credit Score: 650

Average Approved Credit Score: 719

App StatusDateCredit ScoreBureauCredit Limit
Approved06/12/2023
656
TransUnion
$17,000
Approved06/12/2023
677
Experian
$17,000
Approved06/12/2023
702
Equifax
$17,000
Approved03/16/2024
800
Equifax
$5,000
Approved03/16/2024
806
Equifax
$5,000
Approved06/17/2023
670
TransUnion
$11,000
Approved06/17/2023
672
Experian
$11,000
Approved06/17/2023
697
Equifax
$11,000
Approved02/04/2024
720
Experian
$1,000
Approved02/04/2024
734
Equifax
$1,000
Approved02/04/2024
741
TransUnion
$1,000
Approved06/01/2023
650
Not Provided
$7,000
Approved01/28/2024
770
TransUnion
$12,000
Approved01/28/2024
770
TransUnion
$12,000
Denied04/22/2024
575
TransUnion
---
Denied04/22/2024
580
Equifax
---
Denied04/22/2024
588
Experian
---
Denied08/04/2023
724
Experian
---

Pros & Cons

Pros
  • No annual fee
  • No foreign transaction fee
Cons
  • No welcome bonus
  • High APR

What Are the Best Alternatives?

Wells Fargo Active Cash® Card
Wells Fargo Active Cash® Card

Rating

4.9

Rewards Range

2%

Annual Fee

$0

Citi Custom Cash® Card
Citi Custom Cash® Card

Rating

4.7

Rewards Range

1% - 5%

Annual Fee

$0

Chase Freedom Flex(SM)
Chase Freedom Flex(SM)

Rating

4.7

Rewards Range

1% - 5%

Annual Fee

$0

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