venmo Credit Card

Venmo Credit Card – Limits, Fee, Colors, Benefits & Review

Venmo credit card is one of the best options for you if you have a Venmo account. The best thing about this card is you can use it internationally in more than 200 countries. This card is basically a Visa credit card which is issued by Synchrony Bank that offers you a lot of its features with cashback rewards. 

In the below blog, you come to know all about how you can apply for this card along with its benefits, issues, and troubleshooting tips.

Is a Venmo Credit card good to Use?

Yes, the use of a Venmo credit card is good to use and offers you convenience. By using the credit card of Venmo, you can shop whatever you want. You can automatically, add cash back on your suitable-to-spend variety. First time you can get cashback 3%, 2% next time, and 1% on all other purchases.

Is there any fee for Applying for a Credit Card on Venmo?

No, there is no fee for applying for a credit card. You can get the card without paying any amount. However, other fees may apply when you use the credit card like for instant transfer. 

How Many Colors Did Venmo Credit Card Offer?

The Venmo credit card is available only in 5 unique colors. 

  1. Blue
  2. Black
  3. Green
  4. Pink
  5. Red

How to Get a Venmo Credit Card?

To get your credit card, you must have an account on venmo. You can only individually apply for a credit card means there is no concept of the joint account. Follow the guidelines to learn how to get a Venmo credit card. 

  • Open the Venmo app on your phone. 
  • Click on the cards in the bottom left corner.
  • Next, you have to click on “Venmo Credit Card” which is on the Top of the screen, and Click on “Get started”.
  • Here you can also choose the card color according to your choice.
  • Enter all the details such as your name, address, email, and other required info, and click on “Next”. 
  • Now, you have to enter your DOB and the income you have and click on “Agree and Continue”.
  • After reading all the terms and conditions click on “Agree and Apply”.
  • Now, you are approved for the card. Read all the limits and click on “Next”.
  • Congratulation! Your card is on the way. 

What documents should you have to submit for additional Information Venmo Credit Card?

  • DHS card
  • U.S. passport
  • Tribal ID card
  • ITIN Assignment letter
  • U.S. government-issued ID 
  • SSN card
  • IRS letter
  • Driver license
  • W2 or paystub 
  • ITIN Assignment letter 
  • Current car registration 
  • Lease for residence 
  • Bank, credit card, or 401K/brokerage statement 
  • Utility bill (gas, electric, cable, internet, or phone)

If they were issued to you within the last 12 months, you also have to submit these documents:

  • Unexpired U.S. government-issued ID 
  • Unexpired driver’s license 

Note: Submit these documents with your current address. 

How to Add Venmo Credit Card to Apple Wallet?

Follow the steps to learn how you can add your credit card to your Apple wallet. 

  • Open the settings of your device and scroll down. 
  • From the last click on “Wallet & Apple Pay”.
  • Next, click on “Add Card”.
  • After clicking on add card, now, you have to select the type of card. From here click on the “Debit or Credit Card” Option. 
  • Tap on “Continue” and then click on “Enter Card Details Manually”.
  • Then, after entering the details, click on “Next” to continue. 

Why my Venmo credit card is deactivated?

If you continuously enter the wrong PIN, then there is a chance that they deactivate your credit card and never let you make the transactions. Venmo’s privacy policy and security are really strict. If they suspect any type of activity, they immediately freeze or deactivate your account or credit card. 

How to Activate a Venmo Credit Card?

Follow the steps to learn about how you can activate your Venmo credit card;

  • Simply take out your card and scan the QR code using the QR Code scanner of the Venmo app. 
  • You can also add a 3-digit CVV code in the Venmo app. 
  • However, in that case, if you lose your credit card contact Synchrony Bank at 855-890-6779 for further help. 

How many days will you receive your Venmo Credit card?

Once your request is approved for a Venmo credit card, you can get your Venmo credit card within 7 to 10 business days. However, until you didn’t receive your credit card, you can also use your virtual card number to buy anything online.

Note: Keep in mind that a Venmo credit card is issued by Synchrony Bank and if you don’t receive your card, contact them at 855-878-6462. 

Can You Withdraw Money from the Venmo Credit Card?

Yes, you can withdraw money from the ATM using your credit card. Just enter the PIN and get your cash. In that case, if you forget your PIN, contact us at “855-878-6462” and make a request. In 3 to 5 business days, you will receive your new PIN. 

How to Transfer Money from Venmo to Credit Card?

You cannot transfer money from Venmo to your credit card directly. If you want to do it, first, you need to transfer the money from your Venmo account to your bank account and then transfer the amount to your credit card from your bank account. 

How to Withdraw Cash from an ATM with a Venmo Credit Card?

Before withdrawing cash, make sure that you use the MoneyPass ATM to avoid paying an extra amount. To withdraw your cash from the ATM, you have to follow the following steps;

  • Enter your Venmo card into the ATM.
  • Enter your PIN.
  • Take out your Card and pick up your cash. 

How to use a Venmo credit card for in-store purchases?

You can easily shop anything from the store without carrying cash in your pocket if you have a Venmo credit card. You just need to swipe up or insert your card on a card machine and enter your PIN to pay your bill. You can also check Venmo debit card blog to know all about the in-store purchases. 

How Much is the Interest Rates and Fees of a Venmo Credit Card?

Below check out the table to learn all the details about Venmo credit cards;

Annual Percentage Rate (APR) for Purchases20.49 %26.49%29.49%
APR for Advaces 29.49%
Minimum Interest Charge$2.00
Instant Transfer 1.75%
Monthly Fee None
Annual FeeNone
Cash Advances5% or $10.00
Transfer from Bank Account None
Foreign TransactionNone
Late Payment More than $41.00
Returned Payment More than $30.00
Interest Rate Annual Percentage RateAccount Type 1: 20.49%Account Type 2: 26.49%Account Type 3: 29.49%
How Much is the Interest Rates and Fees of a Venmo Credit Card

How Much is the Limit of a Venmo Credit Card?

The limit for Venmo credit cards on Venmo is only $250 at the Start. However, along with time the limit for your credit card is also increased depending upon your transactions. 

What are the Benefits of a Venmo Credit Card?

Here are some of the benefits of using a credit card Venmo that you surely need to know.

  • There is no monthly or annual fee for using this card. 
  • You can view all of your purchases and spending by opening the credit card tab on your Venmo app. 
  • There is also a QR code on your credit card which will give you an ease of paying bills. 
  • You can also earn some rewards by using your credit card.
  • The best thing about Venmo credit cards is you can shop everywhere around the world in more than 200 countries, Visa credit cards are accepted.
  • You can also shop online with a credit card by just entering your card details. 

What type of Issue do you face while using a Venmo credit card?

Let’s go ahead to learn about the issue with your credit card or Venmo. 

  • You may forget your PIN when you enter your Venmo card. 
  • Sometimes your card is dropped out of your pocket. 
  • The purchasing and withdrawal amount is limited. 
  • If your card is no more working check its expiry date. 
  • There might be an insufficient balance on your Venmo account.

How to Troubleshoot the Issues that Occur with Your Venmo Credit Card?

If you are facing issues, then, you also want to know how you can troubleshoot them. Continue your reading to know about it. These tips will surely gonna help you to resolve the issues. 

  • If you forget your PIN, you can connect at 855-878-6462 with Synchrony Bank to reset your PIN. 
  • Make sure that you keep your card in a safe place and it won’t drop. In that case, if it drops, you can disable it from your Venmo app by connecting with Venmo customer service. 
  • If your card is expired then, you have to request a new card. 
  • Ensure that your account holds a sufficient amount for purchases. 

What are the Reviews for Venmo Credit Card?

Some people do not like that they have to pay a 3% fee for using another credit card to pay their bills or transfer money but if they use a Venmo credit card then there is no fee for using it. On the other hand, the cool and amazing thing about this card is QR is printed on it that people really and it will provide an ease while shopping.

However, during my observation, I also noticed that sometimes there is an issue with connecting the credit card of Venmo that really disgusting and irritating sometimes. 

When Do I Start Using my Venmo Credit Card?

Once, you are approved for the credit card, you can get your card within 7 to 10 business days. Until your card is on the way, you can buy anything online using the virtual card number. The virtual card number is associated with you immediately after approving your credit card.

However, the virtual credit card limit is lower until you get your physical card. When you receive your physical credit card, scan the QR code from the card to activate it. 

What is the difference between a Virtual Card Number and a Physical Card Number?

Let’s discuss the main difference between the virtual card number and the physical card number. 

Virtual Card Number Physical Card Number
For online purchases For in-store and online Purchases 
Limited Payment Support countless payment and cash advance
To get the code, you have to confirm the last 4 digits of your social security numberHolds a Chip
What is the difference between a Virtual Card Number and a Physical Card Number

Where Can I Use my Venmo Credit Card?

You can use your venmo credit card to make the transactions in-store or even internationally. Continue your learning to know more about it. 

  • Use a card everywhere and also get a cash advance using your credit card. 
  • Moreover, you can make countless payments using your card and also make payments for your merchants and friends. 
  • However, before making payments, merchants will authorize your card that your card is working properly or not. 
  • After finalizing the merchants, funds will be transferred. 
  • The best thing about this card, you can add it to your other virtual wallets such as Google Pay, Samsung Pay, and Apple Pay. 
  • By splitting bills with your friends on eligible purchases, you can earn a cashback reward. 
  • If you suspect any type of authorized activity with your account, then contact Synchrony Bank to file the problem. 

How to Update your Venmo Credit Card?

You can update your credit card from the venmo app or by calling Synchrony Bank. In that case, if your credit card is damaged, lost, or stolen, inform the venmo support team, so, they make sure before any transactions. 

  • Open the venmo app and click on “Card”.
  • Go to the Venmo Credit Card Section and click on “Replace Lost, Stolen, or Damaged Card”.

Moreover, you can also use the virtual card number to enhance security and request a new number after every 24 Hours. If you forget the PIN of your credit card, request a credit card increase, or want to update your billing information, you can contact Synchrony Bank 

How to Make Payments of your Venmo Credit Card?

You can easily make the payments using your venmo credit card number by following the simple steps:

  • Open the venmo app. 
  • Click on the “Card” Section and go to the Venmo Credit Card Section. 
  • Tap on “View and Pay”. 

Here is another method you can choose to pay your bills using a credit card. 

Paying through Phone Number: Call 855-878-6462 to Synchrony Bank 

Pay a Check: Along with your account number, you have to mail the check. 

  • Venmo Credit Card
  • P.O. Box 71718
  • Philadelphia, PA 19176-1718

You can use a credit card to pay and split your bills with your friends. Keep in mind that if the other person accepts the splitting bills request then venmo is allowed to pay the bill. Otherwise, venmo didn’t deduct payment automatically without accepting the other person’s request. You can check the payment history with your venmo credit card statement. 

What about the Venmo Card Reward Program?

Once you are approved for a venmo credit card, you can start earning cash back automatically and it will be added to your venmo balance within 1 to 3 days and they don’t expire. On every eligible purchase, a venmo credit card earns a cashback reward:

  • 1st time earn 3%
  • 2nd time earn 2%
  • Next, earn 1% on all purchases

Keep in mind that the Venmo debit card and venmo credit card reward program are separate from each other. If you miss any of your rewards, reach out to Synchrony Bank at 855-878-6462. 

Summary

To get your Venmo first apply for it and then enjoy all the services they offer you. You can easily make all of your transactions by scanning the QR code of your Venmo credit card. Moreover, do your shopping online through the Venmo app by just entering the information on your credit card. However, if you use a credit card Venmo, it will never charge a fee to you, it is totally free of cost. 

FAQs

Q. Is the Venmo credit card an actual credit card?

The Venmo Visa card is basically a Visa credit card which is issued by Synchrony Bank. You can use this card for your international transactions. 

Q. What credit score is needed for a Venmo credit card?

The credit card score is related to a Fair Issac Corporation (FICO) score which is almost 690. You need to have a good and excellent score to qualify for the card. 

Q. Can you use Venmo as a credit card?

Yes, you can use Venmo as a credit card. Make countless transactions and split your shopping and dining bills with your friends. Moreover, the QR code which is printed on your credit card makes all of these transactions easy. 

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