Venmo is a P2P app that allows users to send and receive money easily. Venmo also provides a credit card alternative for purchases at participating merchants in this article.
The Venmo Credit Card's rewards program is a must-have feature. Cardholders receive 3% cash back on dining and entertainment purchases, while others receive 1% cash back.
Venmo Credit Card is an app-compatible card reader that allows cardholders to track spending, track their balance, and pay money. The software also provides real-time purchase and fraud alerts to prevent unwanted activity. Read our Venmo Credit Card Review for the month of February 2023.
Venmo's Advantages and Cons
- No annual fee
- Competitive APR for purchases and balance transfers
- The rewards program allows users to earn cash back on select purchases
- Integrates with the Venmo app for easy tracking and management of the account
- Real-time notifications and fraud alerts help protect against unauthorized activity
- No sign-up bonus for new cardholders
- The rewards program only offers 3% cash back on select categories (dining out and entertainment), all other purchases earn 1% cash back
- As with any credit card, it’s essential to read the terms and conditions carefully and pay off the balance in full each month to avoid paying interest on purchases.
Benefits of the Venmo Credit Card
Below are a few highlights of the Venmo Credit Card:
The Venmo Credit Card is a convenient and cost-effective alternative to the Venmo app for managing finances and making purchases.
Venmo's Credit Card Drawbacks
The Venmo Credit Card is a great option for Venmo app users who want to earn bonuses. Its rewards program, no yearly fee, and its Venmo connection make it convenient and affordable. Some users may miss the sign-up bonus. As with any credit card, there is no sign-up requirement.
How to Venmo in 202: Learn More