If you are a Venmo user, did you know about the Venmo Credit Card? It is only available for select users who sign up for the latest version of the app. They are currently offering a $150 cash back bonus after spending $1,000 in the first 180 days of account opening.
With the card, you will earn 3% back on your top spending category, 2% back in the second highest category each month, and 1% back on all other purchases. For more information, continue reading for a complete review on how you can get tons of unique rewards and bonuses each quarter.
See our best bank bonuses updated daily to earn up to $1,000 in free money. Find popular checking offers such as Chase Bank, HSBC Bank, TD Bank, Huntington Bank, BBVA, Discover Bank, and CIT Bank. See our best rates for Savings and CD too. |
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| Chase Business Complete BankingSM $300 Bonus | HSBC Premier Checking Up To $600 |
| HSBC Premier Checking $450 Bonus | TD Bank Convenience Checking $150 Bonus |
| TD Bank Beyond Checking $300 Bonus | Huntington Business Checking 100 $200 Bonus |
| Huntington 25 Checking $300 Bonus | Huntington Unlimited Plus Business Checking $750 Bonus |
| Huntington Unlimited Business Checking $400 Bonus | Aspiration Spend & Save Account $100 Bonus |
| Ally Invest Up To $3,000 Bonus | Discover Bank $360 Cashback Debit |
| Axos Basic Business Checking $100 Bonus | BlockFi Up To $250 BTC Bonus |
| WeBull 2 Free Stocks | BBVA Free Checking & Savings $250 Bonus |
Table of Contents
Venmo Credit Card Summary
| Bonus Available | Earn a $150 cash back bonus after you spend $1,000 in the first 180 days of account opening. To qualify, you must apply by January 15, 2021. |
| *Bonus Value | $150 |
| Ongoing Rewards/Benefits | Earn 3% cash back on the category in the category you spend the most.
Earn 2% back on the second-highest category. Earn 1% back on all other purchases. |
| Foreign Transaction Fees | None |
| Annual Fee | $0 |
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
View the latest valuations here.
Recommended Credit Score (Find Score)
690 – 850 (Excellent)
PROS
- No annual fee
- No foreign transaction fee
- Unique rewards structure
CONS
- Only available to select customers
- Limited cardholder perks
Editor’s Alternative Pick
 The American Express® Gold Card offers 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months. You'll have the opportunity to earn: • 4X Membership Rewards Points on Restaurants worldwide, including takeout and delivery, plus, earn 4X points for Uber Eats purchases too. • 4X Membership Rewards points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). This card has an annual fee of $250 with no foreign transaction fees (See Rates & Fees). Some benefits including earning up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, The Cheesecake Factory, Ruth's Chris Steak House, Boxed, and participating Shake Shack locations. This can be an annual savings of up to $120. In addition, a $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline. You'll also get $120 Uber Cash: Add your Gold Card to your Uber account and each month automatically get $10 in Uber Cash for Uber Eats orders or Uber rides in the U.S., totaling up to $120 per year. |
Venmo Credit Card $150 Cash Back Bonus + Up To 3% Cash Back
For new credit cardholders, Venmo is offering a chance to earn a $150 cash back bonus after $1,000 spent within the first 180 days of account opening. To qualify for this offer, you must apply by January 15, 2021 and be approved. Please note that cash advances do not qualify towards the net eligible purchases of $1,000.
With this card, you can earn 3% cash back on the category in the category you spend the most, 2% back on the second-highest category, and 1% back on all other purchases.
Redeeming Cash Rewards
Venmo will automatically calculate the rewards you’ve earned based on your top spend categories and transfer them to your Venmo account. After it’s in your account, you are able to use them like a Venmo balance or you can transfer it to your linked bank account.
Venmo Credit Card Benefits
- Personalized cash back rewards – Earn the most cash back for the category you spend the most in.
- Contactless – The card’s contactless design can be used with touch-free terminals for your safety.
- Unique QR code – Make purchases or payments, or give your code to friends to make payments to your account or credit card bill.
- Visa’s Zero Liability – You’re covered by Visa in case of fraud.
Venmo also offers a Visa and Visa Signature version of their card. These perks will be based on which card you sign up for.
Visa Signature:
- Roadside assistance hotline
- Concierge for booking event tickets, travel, and other services
- Travel and emergency hotline
- Visa Luxury Hotel Collection benefits
Visa:
- Roadside assistance hotline
Bottom Line
All in all, the Venmo Credit Card is good choice for those who are looking to get rewarded on their top spending category. They offer several perks and benefits that might suit your neeeds. However this card lacks availability as it is only available to select Venmo users.
Make sure to also visit HMB to explore more Venmo Promotions or credit card bonuses. If you’re indecisive of which card best suits you, see our post on the Best Rewards Cards!
(Visit the link above to learn more about this card)
Alternative Credit Card Options
* Below are some of the top competitors to the Venmo Credit card to consider.
 The Chase Freedom Unlimited® Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases. In addition, you can earn: • 5% on travel purchased through Chase, • 3% on dining at restaurants and drugstores, and • Unlimited 1.5% cash back on all other purchases. There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open. This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM. |
 The Chase Freedom FlexSM offers a $200 bonus after you spend $500 on purchases in your first 3 months from account opening. You'll earn: • 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. • 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and 1% on all other purchases. You cash back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back. You'll be able to new 5% categories each quarter! This card has no annual fee. |
 The Capital One Venture Rewards Credit Card offers 100,000 bonus miles when you spend $20,000 on purchases in the first 12 months from account opening, or still earn 50,000 miles if you spend $3,000 on purchases in the first 3 months. You're able to earn 2X miles on every purchase, every day. This card does come with a $95 annual fee. Enjoy no foreign transaction fees and receive up to $100 application fee credit for Global Entry or TSA Pre?®. |
 The Capital One SavorOne Cash Rewards Credit Card offers a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening. You'll earn an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases with no rotating categories or sign-ups needed to earn cash rewards. This card comes with no annual fee and no foreign transaction fees. |
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete BankingSM | $300 Cash | Review |
| HSBC Premier Checking Member FDIC | $450 Cash | Review |
| HSBC Premier Checking Member FDIC | Up To $600 | Review |
| BBVA Free Checking & Savings | $250 Cash | Review |
| Huntington 25 Checking | $300 Cash | Review |
| TD Bank Beyond Checking | $300 Cash | Review |
| TD Bank Convenience CheckingSM | $150 Cash | Review |
| Huntington Bank Unlimited Plus Business Checking | $750 Cash | Review |
| Huntington Bank Unlimited Business Checking | $400 Cash | Review |
| Huntington Bank Business Checking 100 | $200 Cash | Review |
| Axos Bank Basic Business Checking | $100 Cash | Review |
| Aspiration Spend & Save Account | $100 Cash | Review |
| Ally Invest | Up to $3,000 Cash | Review |
| BlockFi | Up To $250 BTC | Review |
| American Express High Yield Savings | 0.40% APY | Review |
| Discover Cashback Debit Account | $360 Cash | Review |
looking at the terms (https://www.synchronycredit.com/gecrbterms/html/RewardsTerms.htm) a potentially big “gotcha” is that the spending categories for getting the 3% and 2% bonuses are actually limited, and do not include all mcc codes as you would expect from their advertising. haven’t seen this noted anywhere, but it’s keeping me from signing up (despite receiving the sign-up bonus offer and as an existing venmo user), as i have numerous other cards that overlap the aforementioned categories.