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.

Learn More

Our Rating
4.2/5.0

Welcome Offer
None

Annual Fee
$0

0% on Purchases
None

Rewards Rate
1% to 3%

0% on Balance Transfers
None

Rewards

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

2% cash back

Rotating Categories

Earn 2% on you next highest spend category

1% cash back

On all other purchases

Earn 1% cash back on all other eligible purchases

Pros & Cons

Pros

• No annual fee
• No foreign transaction fee

Cons

• No welcome bonus
• High APR

Features & Benefits

Security	Zero Liability, Virtual Card Numbers, Card Lock
Contactless Payments	Tap to Pay, Apple Pay, Google Pay, Samsung Pay
Benefits	24/7 customer service
Travel Perks	Emergency Travel Assistance, Roadside Assistance

Interest Rates & Fees

Annual Fee	$0
Foreign Transaction Fee	None
Regular APR	19.49% to 28.49% (V) APR

What Credit Score Is Required to Get the Venmo Card

Based on data we’ve collected from public forums, a credit score of 700 or higher is ideal. We have seen an approval with a score as low as 676, but keep in mind that credit card issuers consider more than just your credit score when evaluating a credit card application.

App Status	Date	Credit Score	Bureau	Credit Limit
Approved	06/17/2022	720	Equifax	$700
Approved	06/17/2022	730	Experian	$700
Approved	01/08/2022	730	Equifax	$7,000
Approved	01/08/2022	735	TransUnion	$7,000
Approved	01/08/2022	753	Experian	$7,000
Approved	04/25/2022	684	Experian	$11,000
Approved	04/25/2022	696	Equifax	$11,000
Approved	07/03/2022	705	TransUnion	$3,500
Approved	04/25/2022	676	TransUnion	$11,000
Approved	07/03/2022	692	Equifax	$3,500
Approved	07/03/2022	697	Experian	$3,500
Denied	06/10/2021	706	TransUnion	---
Denied	06/10/2021	728	Equifax	---

What Are the Best Alternatives?

Wells Fargo Active Cash Card

Rating

4.9

Rewards Range

2%

Annual Fee

$0

Read Review

Citi Custom Cash Card

Rating

4.7

Rewards Range

1% - 5%

Annual Fee

$0

Read Review

Chase Freedom Flex(SM)

Rating

4.7

Rewards Range

1% - 5%

Annual Fee

$0

Read Review

Related Articles