Enjoy More Variety with Venmo

Erin Benson

November 13, 2023  •  3 Minute Read

Banking & Investing, Credit Cards

Fast, safe, social payments; that is what Venmo is known for. While it seems to be all the rage in recent years, Venmo has actually been up and running since 2009. It is scary how easy it is to use, let me give you a quick rundown.

Once you create a Venmo account you connect your bank account or credit/debit card and users can send funds to pay bills or receive money by “requesting” it. It really is that simple, who would have thought! Venmo makes splitting meals, tickets, or rides easier than ever. Oh, and that friend that never carries cash, this is the perfect solution to get squared away!

Venmo is owned by PayPal, a global leader in digital payments. PayPal has been at the forefront of the digital payment revolution for more than 20 years. PayPal as a company has more than 432 million active consumer and merchant accounts and have done over $337 billion in total payment volume.

New to the whole digital payment world?

No worries, Venmo has you sending dollars, not financial details. Every transaction in their app is encrypted, so your financial information stays secure whether you’re paying a friend or checking out online. Venmo offers a secured sign-in option to ensure you’re the only one who can access the app. You have the ability to control your payment privacy and when paying someone new, it asks you to verify with their phone number to ensure you are sending it to the correct person.

Venmo currently has over 60 million users and growing. Venmo was built for its users to send and request money from other users, but now you can use Venmo to pay for goods and services. That’s right, I introduce to you the Venmo Credit Card. The new Venmo Credit Card lets you earn custom cash back to send, spend or even to auto-purchase the crypto of your choice from your Venmo account.

Now let’s talk rewards.

Automatically earn 3% cash back on eligible purchases in your top spend category, 2% on the next and 1% on all other eligible purchases. Venmo does the math for you so your reward categories automatically update based on what you buy, so earning is easy. Just swipe, tap and watch your Venmo balance grow. And the best part? You get all those rewards with no annual fee!

Here’s a quick Recap on how easy it is to start earning with the Venmo Credit Card:

1) Get Venmo – get the Venmo app to apply for the Venmo Credit Card

2) Shop and spend – if approved, use the Venmo Credit Card for purchases everywhere Visa® cards are accepted

3) Get Cash Rewards – automatically earn cash back based on your spending, right to your Venmo Account.

Venmo also makes it easy to turn your cash back into crypto; just toggle on the Purchase crypto feature and choose your favorite of four types of crypto. Then once your cash back is transferred to your Venmo account at the end of the month you can automatically purchase crypto with any crypto transaction fee.

While Venmo itself it a very unique service, their credit card also offers its user their own unique QR code on the front, so it makes it super easy to Venmo friends and family. When they scan your code, your Venmo profile pops up instantly making payments or requests a breeze.

Use the Venmo app.

The Venmo app is the tool you will use for everything you do with your Venmo Credit Card. Whether its keeping track of all the activity on the card, splitting costs with friends, or shopping virtually, the Venmo app has you covered. Enjoy all these benefits while maintaining the peace of mind that Visa® offers with their zero-liability policy. You’re covered if your card is ever lost, stolen or fraudulently used. If you’re already an avid Venmo user and looking to add a nice rewards Credit Card to your wallet, this is the card for you.