Type of fee | Amount |
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Type of fee | Amount |
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Rates and fees table
Interest rates and interest charges | |
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Annual Percentage Rate (APR) for Purchases | The APR for purchases is the prime rate plus (i) 11.99% for Account Type 1, or (ii) 20.99% for Account Type 2, or (iii) 23.99% for Account Type 3. Rates are determined when you open your account, based on your creditworthiness and other factors. APR will vary with the market based on the Prime Rate, as defined in the Venmo Visa Credit Card Account Agreement. |
APR for Cash Advances | The APR for cash advances is the prime rate plus 23.99%. |
Penalty APR and When it Applies | The Penalty APR is the prime rate plus 27.49%. This APR will vary with the market based on the Prime Rate, as defined in the Venmo Visa Credit Card Agreement.
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Paying Interest | Your due date is at least 23 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date. See the Venmo Credit Card Account Agreement for more details. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $2.00. |
Fees | |
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Annual Fee | None |
Transaction Fees Cash Advances Foreign Transaction |
Either $10.00 or 5% of the amount of each cash advance, whichever is greater. None |
Penalty Fees Late Payment Returned Payment |
Up to $41.00 Up to $41.00 |
Other Fees Paper Statement Fee |
$1.99 per month |
How We Will Calculate Your Balance | We use a method called “daily balance.” See the Venmo Credit Card Agreement for more details. |
The Venmo Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA, Inc. The information about the costs of the card described above is accurate as of June 27, 2024. This information may have changed after that date. To find out what may have changed, write to Synchrony Bank at P.O. Box 71735, Philadelphia, PA 19176-1735. The application and the credit card agreement will be governed by federal law, and to the extent state law applies, the laws of Utah. Subject to approval. Terms and conditions apply.