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

Annual Fee

$0

0% on Purchases

Reward Rate

1% to 3%

0% on Balance Transfers

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 APR19.49% to 28.49% (V) APR

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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