Stories

Oct 5, 2020
Introducing the Venmo Credit Card

Venmo

 | BY VENMO

We know you already rely on Venmo to manage different aspects of your financial life - whether it be sharing and splitting payments with your friends, shopping at online retailers that accept Venmo at checkout, or having your paychecks sent directly to your balance with Venmo. Now, we’re excited to expand the Venmo experience for our community with the Venmo Credit Card - a new and exciting way to access the simplicity, convenience and fun of Venmo in your everyday life.

Starting to roll out today to select customers, the Venmo Credit Card provides a unique and special experience that only Venmo can offer, allowing you to access all of the Venmo features you already know and love in an easy-to-use card. With a personalized, dynamic rewards system that gives you up to 3% cash back* on all eligible purchases, the card is designed to optimize your spending and cash back rewards. Activity is managed directly in the Venmo app, giving you a seamless and flexible way to track spending and rewards, split or share purchases, make statement payments and so much more. The Venmo Credit Card can be used everywhere Visa® credit cards are accepted, giving you the choice to spend at millions of retailers in-store and online.

A Rewards Experience Personalized to Fit Your Spending. The card provides a unique, intelligent rewards system capable of managing and personalizing your spending habits. You’ll earn up to 3% cash back* on your top spend category, up to 2% back on the second highest, and 1% back on all other purchases you make. What sets the Venmo Credit Card apart is that it maximizes the cash back you earn, automatically adjusting your top spend categories each statement period based on where you spend the most.

Rewards can be earned from eight different spending categories: Grocery, Bills & Utilities, Health & Beauty, Gas, Entertainment, Dining & Nightlife, Transportation, and Travel. Your cash back is automatically added to your account with Venmo, giving you the freedom to choose how you use the funds - make statement payments, send money to your Venmo friends with the Venmo app, make purchases at millions of online and mobile retailers that accept Venmo at checkout, or transfer those funds to your linked bank account or debit card. 

Easily Track and Manage Your Finances. The Venmo Credit Card allows you to easily manage your card and spending right in the Venmo app. Track activity in real-time organized by spending categories, split and share purchases, view cash back status, make payments, manage the credit card and more – all in the app. You can also choose to receive real-time alerts to see when and where purchases are made, and when cash back is applied to your account.

Custom Card, Designed Just for You. If approved, your card will be printed with your unique QR code on the front, creating a distinct card design for each customer. When it arrives, you can scan the QR code via your mobile phone camera to easily activate the card, or have your friends scan in the Venmo app to access your profile and send a payment or split purchases. And with five vibrant, colorful designs, you can choose the card that fits your style. 

Shop Virtually. You’ll also have access to a virtual card, which allows you to shop online anytime - even before your physical card arrives in the mail.

Safer, Touch-Free Payments. The Venmo Credit Card comes equipped with an RFID-enabled chip, so customers can tap to pay at the point-of-sale, allowing for minimal contact, instead of inserting the chip or swiping their card at the POS.

Worry-Free Card Management. If your card is lost or stolen, you can quickly and easily freeze your physical card directly from the app and continue to use your virtual card to shop online. 

Powered by Visa. The Venmo Credit Card offers cardholder benefits including Visa’s Zero Liability Policy[1], which protects cardholders from being responsible for unauthorized charges made with their account or account information, in addition to emergency cash transfers, and travel protection services.

Plus, there’s no annual fee** or foreign transaction fees.

The Venmo Credit Card is now available for select customers to apply using the latest version of the Venmo app and will be available to all eligible Venmo customers in the U.S. in the coming months. Click here to learn more about the exciting features of the card! 


*Use of cash back is subject to the terms of the Venmo account. See the Venmo Credit Card Rewards Program Terms for details. 

**See Terms and Rates for New Accounts

[1] Visa’s Zero Liability Policy does not apply to transactions not processed by Visa. Cardholders must use care in protecting their card and notify their issuing financial institution immediately of any unauthorized use. Contact your issuer for more detail.

The Venmo Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA Inc. Visa is a registered trademark of Visa International Service Association and used under license.

Venmo is a service of PayPal, Inc. (“PayPal”), licensed provider of money transfer services. All money transmission is provided by PayPal pursuant to PayPal’s licenses. PayPal’s NMLS ID is #910457.

The Contactless Indicator mark and the Contactless Symbol are trademarks owned by and used with permission of EMVCo, LLC.

 
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