Venmo Visa® Credit Card Review: Rewards, Fees & Benefits

Rewards

Reward TypeCash Back

Base Rate1x / 1%

Bonus RateUp to 3x

Point Value~0.01¢ each

Travel Portal1x

Category	Rate	Type	Cap
Dining Earn 3% cash back on Dining & Nightlife purchases if it is your top eligible spend category for the month.	3x	Cash Back	No cap
Travel Earn 3% cash back on Travel purchases if it is your top eligible spend category for the month.	3x	Cash Back	No cap
Groceries Earn 3% cash back on Groceries purchases if it is your top eligible spend category for the month.	3x	Cash Back	No cap
Gas Earn 3% cash back on Gas purchases if it is your top eligible spend category for the month.	3x	Cash Back	No cap
Online Shopping Earn 3% cash back on Shopping (Online & In-store) purchases if it is your top eligible spend category for the month.	3x	Cash Back	No cap
All Other Purchases Earn 1% cash back on all other eligible purchases.	1x	Cash Back	No cap

Benefits & Protections

No Foreign Fees

Benefit	Category	Value / Coverage
No Annual Fee The Venmo Visa Credit Card has no annual fee.	Financial	$0 Up to $0
Split Purchases Easily split eligible purchases with Venmo friends directly from the Venmo app.	Lifestyle	—
1% Cash Back on All Other Eligible Purchases Earn 1% cash back on all other eligible purchases that do not fall into your top two spending categories.	Rewards	1%
2% Cash Back on Second Top Spend Category Earn 2% cash back on eligible purchases in your second highest spending category each billing cycle. Eligible categories include Groceries, Bills & Utilities, Health & Beauty, Gas, Entertainment, Dining & Nightlife, Travel, and Transportation. Cash back is earned on up to $10,000 in combined eligible purchases across the 3% and 2% categories each billing cycle.	Rewards	2%
3% Cash Back on Top Spend Category Earn 3% cash back on eligible purchases in your highest spending category each billing cycle. Eligible categories include Groceries, Bills & Utilities, Health & Beauty, Gas, Entertainment, Dining & Nightlife, Travel, and Transportation. Cash back is earned on up to $10,000 in combined eligible purchases across the 3% and 2% categories each billing cycle.	Rewards	3%
Automatic Cash Back Redemption Cash back earned is automatically added to your Venmo account.	Rewards	—
Account Alerts Receive alerts for suspicious activity or important account updates directly through the Venmo app.	Security	—
Card Lock/Unlock Ability to instantly lock or unlock your card from the Venmo app if it's misplaced or stolen, preventing unauthorized use.	Security	—
Fraud Protection Advanced fraud monitoring helps protect your account from unauthorized activity.	Security	—
Visa Zero Liability Protection Protects you from unauthorized purchases made with your card or account information. You are not held responsible for fraudulent charges.	Security	—

Interest Rates

Purchase APR21.24%–29.24% Variable

Balance Transfer APR29.24%

Cash Advance APR29.99%

Penalty APR29.99%

Min. Interest Charge$2

Fees

Annual Fee $0 — No Annual Fee

Foreign Transaction FeeNone

Balance Transfer FeeEither $5 or 3% of the amount of each balance transfer, whichever is greater.

Cash Advance FeeEither $10 or 5% of the amount of each cash advance, whichever is greater.

Late Payment FeeUp to $41

Returned Payment FeeUp to $41

Approval & Eligibility

670 Recommended minimum FICO · Range 670–850

300 Poor580 Fair 670 Good740 Very Good 800+ Exceptional

Approval DifficultyModerate

Credit ProfileGood

Approval OddsVery Good

Decision TimeInstant

Pre-QualificationNot available

Student EligibleNo

Co-ApplicantNot allowed

Business EligibleNo

Issuer Rules & Restrictions

Maximum Cards per Issuer

You can hold up to 5 cards from this issuer simultaneously.

Shutdown Risk Triggers

Manufactured spending, unusual spending patterns (e.g., large purchases followed by immediate payments, excessive gift card purchases), high cumulative credit limit across all Synchrony accounts relative to income, late payments, defaulting on other Synchrony accounts, excessive credit seeking (too many new accounts/inquiries in a short period), or suspected fraud.

Cliff Effect Rules

Synchrony does not typically enforce strict 'card family' rules that prevent approval for the Venmo Visa if you hold other Synchrony cards. However, your overall credit limit across all Synchrony products will be managed based on your credit profile and perceived risk. There are no known restrictions preventing you from holding the Venmo Visa if you also have the Venmo Debit Card, as they are distinct products.

International Friendly

This card works well for international travel and transactions.

Additional Issuer Rules

The Venmo Visa Credit Card, issued by Synchrony Bank, is a cashback card with no annual fee and no foreign transaction fees. For 2026, eligibility is expected to remain consistent, requiring applicants to have good to excellent credit (typically FICO scores of 670+). Applicants must be 18 years or older, a U.S. resident, and have a valid Social Security Number or ITIN. A pre-existing Venmo account is usually required to apply. Synchrony is known for approving multiple credit products for a single customer, but overall credit exposure and recent credit activity (new accounts, inquiries) will be considered. While specific sign-up bonuses vary, they typically involve spending a certain amount within the first 3-6 months to earn a cash reward (e.g., $100-$150 after $1,000-$1,500 spend). Synchrony may pull credit reports from TransUnion or Experian.

Venmo Visa® Credit Card