Let’s get you signed up for Venmo

First, take a look at our fees. Then hit “Next” to fill out your info, and you’ll be on your way to using Venmo.

If you have added money to your Venmo account using Direct Deposit or the cash a check feature or have bought or have received cryptocurrency with your Venmo account, your U.S. dollar Venmo account funds are eligible for FDIC pass-through insurance against bank failure up to applicable limits. Any cryptocurrencies you hold in your account are NOT eligible for FDIC pass-through insurance. FDIC insurance does not protect you against the failure of PayPal, Inc., which is the issuer of Venmo accounts. You may be offered credit any time after acquiring your Venmo account. Fees could apply. Contact Venmo by calling 1-855-812-4430, by mail to Venmo, 117 Barrow Street, New York, NY 10014, or visit venmo.com/contact-us. For general information about prepaid accounts, visit cfpb.gov/prepaid. If you have a complaint about a prepaid account, call the Consumer Financial Protection Bureau at 1-855-411-2372 or visit cfpb.gov/complaint.

Venmo Visa® and Venmo Visa® Signature Credit Card

Rates and fees table

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, as defined in the Venmo Visa Credit Card Agreement. 

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.


Annual Fee


Transaction Fees

Cash Advances

Foreign Transaction 

Either $10.00 or 5% of the amount of each cash advance, whichever is greater.


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 April 2, 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.