Venmo Credit Card

There are lots of benefits to a Venmo Credit Card in addition to its cash back rewards program. Other benefits include:

• No annual fee. Terms and conditions apply.
• Card management features integrated directly into the Venmo app.
• Cash back redeems directly into Venmo account.
• Cash back can be used to purchase crypto without a purchase fee.⁶

The credit limit for the Venmo Credit Card is established based on an evaluation of the applicant's credit history and the information provided during the application process. As credit limits are personalized, the specific amount will vary by cardholder and is disclosed if the application is approved. Credit limits may also change over time based on the cardholder’s spending and payment activity. Terms and conditions apply.

The Venmo Credit Card is a Visa credit card integrated directly into the Venmo app, making it easy to manage spending, payments, and cash back in one place. Cardholders can earn cash back across eligible spend categories, including enhanced cash back on dining and entertainment categories and eligible pay with Venmo purchases. Cash back is automatically tracked and added to the user’s Venmo account.

Dining includes restaurants and quick serve restaurants that sell prepared food and drinks for consumption on the merchant’s premises, carry out, drive through or delivery; plus, establishments that sell alcoholic beverages such as wine, beer, mixed drinks, and other liquors and beverages for consumption on the premises.

Entertainment includes movie theaters, concert promoters, amusement parks, digital goods (movies, music, games, books), subscription streaming services, and sports or recreation facilities requiring membership, such as health clubs and golf courses.

You earn cash back rewards daily based on your eligible purchases. At the end of each day, these rewards are calculated and automatically transferred to your linked Venmo account, usually within three business days. Once in your Venmo balance, you can use the rewards to make payments, send money to friends, or transfer funds to a linked bank account subject to the terms and conditions of your Venmo account.

At the end of each day, cash back earned on eligible purchases are calculated and attributed to the 3% and 1% categories described above; and then automatically transferred to the Primary Accountholder's Venmo account, generally within three business days and in any event no more than two billing cycles after such cash back is earned. While cash back are earned daily, they might not necessarily be transferred to your Venmo account on the same day depending on when the transaction is settled and other considerations. Once the cash back is transferred to your Venmo account, they will be available for use by you for making payments, making purchases, sending money to other Venmo accounts, or transferring to your bank account or debit card linked to your Venmo account like any other Venmo balance, subject to the terms and conditions of your Venmo account.

Cash back does not expire. However, you can forfeit earned rewards that have not yet transferred to your Venmo account if your card account is closed, suspended, or if your Venmo account is closed or unlinked. Adjustments for returns, refunds, or transaction disputes can also reduce your pending rewards balance. Once cash back is successfully transferred to your Venmo account, they are subject to standard Venmo account terms and will not be forfeited by the credit card program.