Venmo’s first credit card goes live

The card is available for the Venmo’s 60 million community

Venmo Credit Card

Venmo’s first credit card goes live. Source: prnewswire.com

Venmo has introduced its first-ever Venmo Credit Card, issued by Synchrony and powered by the Visa network.

It is reported to give automatic cashback up to 3% on every eligible purchase and a personalized rewards experience.

As top spend categories change based on the customer’s monthly spending habits, customers get the most out of their purchases.

The card is available in 5 designs with a printed customer’s unique QR code on the front.

Besides, it charges zero annual or foreign transaction fees.

We're excited to introduce the Venmo Credit Card, giving our community a new kind of mobile-first credit card – backed by Visa - that only Venmo and Synchrony can provide. The card gives our customers the same unique Venmo experience they already know and love, in an intuitive, easy-to-use card and rewards program, that's all seamlessly managed and controlled from the Venmo app. Venmo has become an integral part of the way our community spends, shares, and manages their money, and the Venmo Credit Card represents yet another way we are expanding the capabilities of Venmo into people's everyday lives
Darrell Esch, Senior Vice President & General Manager, Venmo

We’ve reported that Visa has entered into the agreement with Mexican fintech Tauros in order to launch a debit card with a crypto cashback. This way, cardholders can convert crypto into Mexican pesos directly through the Tauros e-wallet.

SEE ALSO: