Today, we’re excited to give our users another reason to love the Venmo card. We’re introducing Venmo Rewards, a program that offers automatic cash back when users pay with the Venmo card at some of their favorite retailers.
With a rewards program, we know how important it is to make sure it’s easy to earn and enjoy the benefits from the start, so we created a program without any required opt-ins, difficult redemptions or gotchas. Venmo cardholders will automatically earn cash back on qualifying purchases, with rewards deposited directly into their Venmo account so they can use the funds to pay friends in the app, pay merchants that accept Venmo, transfer the funds to their bank account or debit card, or make more card purchases everywhere Mastercard® is accepted in the US.
Rewards also work seamlessly with the existing Venmo app. Users can track the amount of rewards they’ve earned on each transaction in the ‘My Feed’ section of the app, and choose to share the rewards they’ve earned from featured merchants in the Venmo feed.
Venmo’s first-ever rewards program kicks off with exciting limited-time offers, like 5% cash back at Target, 5% cash back at Sephora, 5% cash back at Wendy’s, 4% cash back at Dunkin’, 5% cash back at Chevron, 4% cash back at Sam’s Club, 5% cash back at Papa John’s and more. As offers expire, we’ll continue to add new ones from the brands our customers love. Venmo cardholders can view the current offers that are available to them at any time by simply going to their card settings in the app. Click here for more information on how and where to earn Venmo Rewards.
Shop. Eat. Drink. Then, sit back and watch that cash come right back.
The Venmo Mastercard® is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Card may be used everywhere Mastercard is accepted in the U.S. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The Bancorp Bank does not endorse or sponsor, and is not affiliated in any way with this reward program.