Interest rates and interest charges
Annual Percentage Rate (APR) for Purchases
The APR for purchases is the prime rate plus (i) 11.99% for Account Type 1, or (ii) 17.99% for Account Type 2, or (iii) 20.99% for Account Type 3.This 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 20.99%. This APR will vary with the market based on the Prime Rate.
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.
Minimum Interest Charge
If you are charged interest, the charge will be no less than $2.00.
Transaction FeesCash Advances
Either $10.00 or 5% of the amount of each cash advance, whichever is greater.
Transaction FeesForeign Transaction
Penalty FeesLate PaymentReturned Payment
Up to $40.00Up to $29.00
How We Will Calculate Your Balance
We use a method called “daily balance.” See the Venmo Credit Card Agreement for more details.