Venmo Credit Card review: Bonus cash back for fans of Venmo
Editor's Note
Venmo Credit Card overview
The Venmo Credit Card offers a seamless connection with your Venmo account and has no annual fee. Plus it adapts to your spending habits automatically with its bonus categories. Those looking for uncomplicated cash back without frills will enjoy this card. Card rating*: ⭐⭐⭐
*Card rating is based on the opinion of TPG's editors and is not influenced by the card issuer.
The Venmo Credit Card is issued by Synchrony Bank, is available in five colors and bears the name of the popular peer-to-peer payment system. However, the card is more than just the name it bears, offering a quality earning structure and a choice of redemption options that will please many people.
It has no annual fee and a recommended credit score of 700.
Despite the uniqueness of choosing which color your card will be, the lack of an annual fee on the Venmo card also leads to a lack of perks you may be looking for in a credit card.
Does the Venmo card deserve a place in your wallet? Here's what you need to know to make that decision.
The information for the Venmo Credit Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Venmo Credit Card pros and cons
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Venmo Credit Card welcome offer
The Venmo card occasionally offers welcome bonuses. However, a bonus isn't available all the time, changing the value attained when you apply for the card.
Your Venmo account may contain limited-time welcome offers, such as earning $150 or even $200 after meeting certain spending requirements. If you want to apply, we recommend waiting until a similar bonus is available.
Related: The best credit card welcome bonuses
Venmo Credit Card benefits
The Venmo card can be issued as a Visa Traditional or Visa Signature card. Depending on the card type you receive, you'll enjoy benefits like emergency card replacement and emergency cash disbursement, a zero liability policy, Visa Signature Concierge, access to the Visa Luxury Hotel Collection and roadside dispatch.
The Venmo card has your personal QR code on it, so people can scan it and go straight to your Venmo profile to send you money. The card is also integrated with the Venmo app to track activity, and you can apply payments from friends directly to your credit card bill.
You also can access a virtual account number instantly after card approval, meaning you can use the card right away while waiting for it to come in the mail.
As a no-annual-fee card, don't expect perks like travel credits, lounge access or travel insurance. If you're looking for those benefits, consider a travel rewards credit card.
Related: Will my rewards change if I pay by mobile wallet?
Earning cash back on the Venmo Credit Card
Getting a credit card that earns extra points or cash back in the categories where you spend money regularly is important. However, spending habits change.
What if you have to choose your preferred categories in advance, then a large bill comes up? Cards that adjust automatically to your spending habits — like the Venmo Credit Card — can be ideal for this scenario.
You'll earn 3% cash back in your top eligible spending category each billing period, with the category adjusting automatically based on which of the following categories you use most:
- Bills and utilities (including ongoing subscriptions, such as streaming)
- Dining and nightlife
- Entertainment
- Gas
- Grocery (including wholesale clubs)
- Health and beauty
- Transportation
- Travel
You'll earn 2% back on your next-highest spending category and 1% back on other purchases.
There are no earning limits, which is a nice perk of this earning structure. However, you won't earn cash back when sending money via electronic funds transfers, money transfers or wire transfers.
Some of these categories, like utilities and wholesale clubs, are not common on consumer credit cards. That gives the Venmo card an edge over other comparable cash-back credit cards.
Redeeming cash back on the Venmo Credit Card
All rewards from the Venmo card will be added to your Venmo account balance within three days of a statement closing. You have two options for your earnings.
First, you can use the cash back in your Venmo balance to pay bills or send money to friends.
Alternatively, you can redeem your earnings to auto-purchase cryptocurrencies. Options include Bitcoin, Bitcoin Cash, Ethereum and Litecoin. Purchasing automatically has no cryptocurrency purchase transaction fee, unlike standard cryptocurrency purchases with Venmo.
Finally, you can redeem your cash-back rewards into a bank account.
Since your rewards are redeemed as cash, they have a flat-rate value of 1 cent. With fixed-rate rewards, you'll never wonder what your earnings are worth. This can be a strong part of your overall rewards strategy.
Related: Why you should get a fixed-rate rewards credit card
Which cards compete with the Venmo Credit Card?
In addition to the Venmo Credit Card, there's the Venmo Debit Card, which can earn cash back from Venmo Offers powered by Dosh. However, if you're looking for a credit card, it's worth evaluating these alternatives to see if they're a better fit for you:
- If you want a card from a payment app: The PayPal Cashback Mastercard® has no annual fee and offers 3% cash back on PayPal payments and 1.5% back on other purchases. Depending on your spending habits, you may come out ahead with this earning rate. To learn more, check out our full review of the PayPal Cashback Mastercard.
- If you want a higher earning rate by choosing categories in advance: The U.S. Bank Cash+® Visa Signature® Card earns 5% cash back in two pre-chosen categories and 2% back on another category of your choice. However, you'll only earn 5% back on $2,000 of purchases each quarter across your two chosen categories. This card has no annual fee. To learn more, check out our full review of the U.S. Bank Cash+ Visa card.
- If you want additional options for using your earnings: The Citi Double Cash® Card (see rates and fees) earns 2% back on every purchase (1% when you buy, 1% when you pay). You can cash out your rewards or use them for travel. To learn more, check out our full review of the Citi Double Cash.
The information for the PayPal Mastercard and U.S. Bank Cash+ Visa has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
For additional options, check out our full list of the best cash-back credit cards and the best credit cards with no annual fee.
Related: A round-up of crypto credit cards for earning rewards
Is the Venmo Credit Card worth it?
For fans of Venmo, this may be a great card since you'll earn cash back on categories that adapt to you. However, if you don't use the Venmo app often, needing to do so to use the Venmo Credit Card could be a big adjustment. The card also lacks insurance protections or feature benefits beyond its earning rates, which may be a deal breaker for some.
Bottom line
Earning extra cash back in categories that adjust to you (and doing so automatically) can be great, assuming this isn't done at the expense of your everyday purchases. If your purchases are varied, you may do better with a card that earns extra cash back across multiple categories or earns 2% back on every purchase.
However, if you use Venmo frequently and your spending habits are often skewed into one spending category, you could get good value from the Venmo Credit Card.
TPG featured card
at American Express's secure site
Terms & restrictions apply. See rates & fees.
| 3X | Earn 3X Miles on Delta purchases. |
| 1X | Earn 1X Miles on all other eligible purchases. |
Pros
- Delta SkyClub access when flying Delta
- Annual companion ticket for travel on Delta (upon renewal)
- Ability to earn MQDs through spending
- Various statement credits for eligible purchases
Cons
- Steep annual fee of $650
- Other Delta cobranded cards offer superior earning categories
- Earn 100,000 Bonus Miles after you spend $6,000 or more in purchases with your new Card within the first 6 months of Card Membership and an additional 25,000 bonus miles after you make an additional $3,000 in purchases on the Card within your first 6 months, starting from the date that your account is opened. Offer Ends 04/01/2026.
- Delta SkyMiles® Reserve American Express Card Members receive 15 Visits per Medallion® Year to the Delta Sky Club® when flying Delta and can unlock an unlimited number of Visits after spending $75,000 in purchases on your Card in a calendar year. Plus, you’ll receive four One-Time Guest Passes each Medallion Year so you can share the experience with family and friends when traveling Delta together.
- Enjoy complimentary access to The Centurion® Lounge in the U.S. and select international locations (as set forth on the Centurion Lounge Website), Sidecar by The Centurion® Lounge in the U.S. (see the Centurion Lounge Website for more information on Sidecar by The Centurion® Lounge availability), and Escape Lounges when flying on a Delta flight booked with the Delta SkyMiles® Reserve American Express Card. § To access Sidecar by The Centurion® Lounge, Card Members must arrive within 90 minutes of their departing flight (including layovers). To access The Centurion® Lounge, Card Members must arrive within 3 hours of their departing flight. Effective July 8, 2026, during a layover, Card Members must arrive within 5 hours of the connecting flight.
- Receive $2,500 Medallion® Qualification Dollars with MQD Headstart each Medallion Qualification Year and earn $1 MQD for each $10 in purchases on your Delta SkyMiles® Reserve American Express Card with MQD Boost to get closer to Status next Medallion Year.
- Enjoy a Companion Certificate on a Delta First, Delta Comfort, or Delta Main round-trip flight to select destinations each year after renewal of your Card. The Companion Certificate requires payment of government-imposed taxes and fees of between $22 and $250 (for itineraries with up to four flight segments). Baggage charges and other restrictions apply. Delta Basic experiences are not eligible for this benefit.
- $240 Resy Credit: When you use your Delta SkyMiles® Reserve American Express Card for eligible purchases with U.S. Resy restaurants, you can earn up to $20 each month in statement credits. Enrollment required.
- $120 Rideshare Credit: Earn up to $10 back in statement credits each month after you use your Delta SkyMiles® Reserve American Express Card to pay for U.S. rideshare purchases with select providers. Enrollment required.
- Delta SkyMiles® Reserve American Express Card Members get 15% off when using miles to book Award Travel on Delta flights through delta.com and the Fly Delta app. Discount not applicable to partner-operated flights or to taxes and fees.
- With your Delta SkyMiles® Reserve American Express Card, receive upgrade priority over others with the same Medallion tier, product and fare experience purchased, and Million Miler milestone when you fly with Delta.
- Earn 3X Miles on Delta purchases and earn 1X Miles on all other eligible purchases.
- No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
- $650 Annual Fee.
- Apply with confidence. Know if you're approved for a Card with no impact to your credit score. If you're approved and you choose to accept this Card, your credit score may be impacted.
- Terms Apply.
- See Rates & Fees