does venmo charge a fee for using a credit card

Does venmo charge a fee for using a credit card code#

Only Available to Venmo Customers With the Latest Version of the App: Currently, you can only apply for the card if you’re using the latest version of the Venmo app.

For that reason, it may not make sense to use this card for purchases that only earn 1% cash rewards. Low Cash Rewards Rate on All Other Purchases: Many other credit cards offer at least 1.5% cash back on all purchases.The Venmo Credit Card, however, looks at your spending and retroactively applies your top spend and second top spend categories to help you earn the most cash rewards.

If you guess wrong, you may not earn the optimal amount of cash back.

Top Spend Cash Rewards Categories Are Calculated Automatically and Retroactively: Other credit cards may require you to pick a bonus cash back category at the beginning of a statement period.

This is a useful feature for those who may forget to use the payments from friends to pay off their credit cards, helping them avoid accidentally spending the money elsewhere.

Payments for Split Bills Can Be Applied to Your Credit Card or Venmo Account: Payments received for split bills can be applied to your credit card balance.

Does venmo charge a fee for using a credit card code#

This makes splitting bills easy, as your friends or family can pay their part of a split bill with Venmo by scanning the QR code on your card. Card Comes Printed With a Unique QR Code That Links to Your Venmo Account: Your credit card’s front side will be printed with a unique QR code that links to your Venmo account.Only available to Venmo customers with the latest version of the app Low cash rewards rate on all other purchases