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 cardholders to earn 6% cash back on your eligible top spend category, 4% on the next, and 2% on all other purchases through December 31, 2021. You must apply for the card by July 31, 2021.
After the promotion period, the card 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.
| Chase Sapphire Preferred Card 100K Points* | Citi Premier® Card 80K Points* |
| The Platinum Card® from American Express 100K Points* | Capital One Venture Rewards Credit Card 60K Points* |
| American Express® Gold Card 60K Points* | Citi CustomSM Cash Card $200 Bonus* |
| Chase Freedom Flex $200 Bonus* | Chase Freedom Unlimited Card $200 Bonus* |
| Blue Cash Preferred® Card from American Express $150 Bonus* | Blue Cash Everyday® Card from American Express $100 Bonus* |
| Chase Ink Business PreferredSM Card 100K Points* | Chase Ink Business UnlimitedSM Credit Card $750 Bonus* |
| U.S. Bank Altitude® Go Visa Signature® Card $200 Bonus* | Capital One Quicksilver Cash Rewards Card $200 Bonus* |
| Wells Fargo Platinum card 18 Months of 0% BT & Purchases | *Must make minimum spending requirement to earn bonus |
Table of Contents
Venmo Credit Card Summary
| Bonus Available | 6% cash back on your eligible top spend category, 4% on the next, and 2% on all other purchases through December 31, 2021.. To qualify, you must apply by July 31, 2021. |
| *Bonus Value | None |
| 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 |
(Expires 07/31/2021)
* Bonus value is an estimated value calculated by HustlerMoneyBlog and not the card issuer.
View the latest valuations here.
Recommended Free Credit Score (Get Free Score)
PROS
- No annual fee
- No foreign transaction fee
- Unique rewards structure
CONS
- Only available to select customers
- Limited cardholder perks
Venmo Credit Card Up To 6% Cash Back
For new credit cardholders, Venmo is offering a chance to earn 6% cash back on your eligible top spend category, 4% on the next, and 2% on all other purchases through December 31, 2021.
After the promotion period, 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!
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.