topic Re: Venmo Visa Approval (after a no) in Credit Card Approvals

Venmo Visa Approval (after a no)

KatzNDawgs — Thu, 10 Apr 2025 01:08:21 GMT

I wanted to get a card to use at Costo that will give more than 2% on purchases in-store. For months now I have been checking my Venmo app and I only saw the option for a debit card, not the visa. Thought I was out of luck with their algorithm. But then today I decided to try logging into the computer Venmo login, and lo and behold the first thing I see is a huge splash page to apply for the visa and a QR code to do so with the app.

So, with frozen accounts, I decided to use the computer apply button as easier to type my info. Instant denial, "we will send reasons" notification, sad cat . Thought they would give me the "hey you need to unfreeze" message if not a soft pull, but no. So, I checked the app, and the offer from the QR code was still there. Unfroze TU, applied again on app, and instant approval for 5k, 1k usable immediately with virtual card#. Was hoping for a bit more as my CareCredit is at 8k, but I know my TU has LOL/24, and is my worst FICO8 at only 654 as that is the one CRA with a collections still on it for another 2 years and current util at 31% due to work trip I'm waiting on reimbursement for. So pretty satisfied with that CL with those limitations.

However, come to find out that I can't add the virtual card# to my Google Wallet to use as contactless payment and need to wait for the actual card to come in. Oh well, will have to pay for my Costco purchases tomorrow with my NFCU 2% CashRewards for now, but will be excited to get that additional 1% at some point soon!

Re: Venmo Visa Approval (after a no)

CreditMagic7 — Thu, 10 Apr 2025 01:49:14 GMT

Congratulations on your 5k SL Venmo Approval!

Re: Venmo Visa Approval (after a no)

KatzNDawgs — Thu, 10 Apr 2025 02:12:06 GMT

@CreditMagic7 wrote:
Congratulations on your 5k SL Venmo Approval!

Thanks!!

Re: Venmo Visa Approval (after a no)

Patient957 — Thu, 10 Apr 2025 02:35:56 GMT

Congrats!

@KatzNDawgs wrote:
Was hoping for a bit more as my CareCredit is at 8k, but I know my TU has LOL/24, and is my worst FICO8 at only 654 as that is the one CRA with a collections still on it for another 2 years and current util at 31% due to work trip I'm waiting on reimbursement for. So pretty satisfied with that CL with those limitations.

You can get pretty big CLIs with that card, if you're willing to play Synch's game. I got 5K to 10K after 4 months, then 10K to 15K after another 4 months, with reasonable 1 to 2K use per month. I'm leaving it there, even though I know I could probably get more. I don't use the card much these days, but it's a keeper card for me.

Re: Venmo Visa Approval (after a no)

KatzNDawgs — Thu, 10 Apr 2025 02:41:45 GMT

@Patient957 wrote:
Congrats!
You can get pretty big CLIs with that card, if you're willing to play Synch's game. I got 5K to 10K after 4 months, then 10K to 15K after another 4 months, with reasonable 1 to 2K use per month. I'm leaving it there, even though I know I could probably get more. I don't use the card much these days, but it's a keeper card for me.

Thanks, good to know! I get a little wary with Sync and plan to grow slow as I know they can be a little persnickity. Have the CareCredit for my pets, Paypal card for the 3% on recurring monthlys through PP, and this Venmo now. So don't want to poke the bear too much and end up with AA, but will carefully try for luv once in a while

Re: Venmo Visa Approval (after a no)

chamathkari — Thu, 10 Apr 2025 03:25:52 GMT

Congratulations on the approval

Re: Venmo Visa Approval (after a no)

crystal626 — Thu, 10 Apr 2025 18:37:00 GMT

Congrats on the approval!

Juft FYI though, PayPal's debit card will give you 5% at Costco at up to $1K/month with the groceries category. Since it's a debit card, it doesn't matter that it's MasterCard, it's accepted at Costco as a PIN purchase.

Re: Venmo Visa Approval (after a no)

firefox100 — Thu, 10 Apr 2025 23:29:01 GMT

Congratulations on your Venmo 5K approval, enjoy it have fun at it.

Re: Venmo Visa Approval (after a no)

KatzNDawgs — Sat, 12 Apr 2025 17:44:36 GMT

@crystal626 wrote:
Congrats on the approval!

Juft FYI though, PayPal's debit card will give you 5% at Costco at up to $1K/month with the groceries category. Since it's a debit card, it doesn't matter that it's MasterCard, it's accepted at Costco as a PIN purchase.

Oh, that is interesting! But I don't like keeping any balance at Paypal and not a fan of them pulling from linked bank accounts. Is there any way to have it do free overdraft from the PP credit card instead?

Re: Venmo Visa Approval (after a no)

firefox100 — Sat, 12 Apr 2025 17:58:23 GMT

I don't know if this what to know, I have the Paypal mastercard set up that ifif I make purchase from the paypal app or I buy or charge using my paypal account then my paypal mc gets charge they don't pull from the link checking account. I do not keep any money in the paypal account any cashback or money that comes goes to the saving account.

Re: Venmo Visa Approval (after a no)

firefox100 — Sat, 12 Apr 2025 18:15:16 GMT

Again I don't know if I answer your Question, as I said I do not have a paypal debit card I use the paypal mastercard to draw funds for charges I get the 3 % cashback. I do not like keeping a balance in the paypal app account, also do not like the fact that it takes a week to havefunds credit to use if I transfer funds from my TD bank to Paypal it takes a week befor you can use the funds. Also Zel is so much better then paypal. If you move money or some one sends cash to you by Zel you have use the money in seconds not a week.

Re: Venmo Visa Approval (after a no)

KatzNDawgs — Sat, 19 Apr 2025 19:28:35 GMT

Just an upate on the initial no for DP. I have been checking my mail for the physical card, and today got a letter from Sync. This is in regards to the initial decline, stating they could not approve with the reason:

"Request has identity theft risk factors", likely due to the freeze.

Later it also states "If you requested multiple times to be considered....you will receive a seperate ltter for each request that was declined, even if you subsequently received an offer or were approved".

Re: Venmo Visa Approval (after a no)

Anonymous — Sun, 20 Apr 2025 17:18:59 GMT

@KatzNDawgs wrote:
@crystal626 wrote:
Congrats on the approval!

Just FYI though, PayPal's debit card will give you 5% at Costco at up to $1K/month spend with the groceries category. Since it's a debit card, it doesn't matter that it's MasterCard, it's accepted at Costco as a PIN purchase.
Oh, that is interesting! But I don't like keeping any balance at Paypal and not a fan of them pulling from linked bank accounts. Is there any way to have it do free overdraft from the PP credit card instead?

Not that I am aware of (overdraft from the PP CC),

but you can do:

an instant fee-free Paypal Balance funding with a debit card
an instant fee-free "friends and family" payment from P2
open a Paypal saving account and do a transfer from that in to the Paypal Balance.

Oh, and thumbs up to your Venmo approval.

Re: Venmo Visa Approval (after a no)

cashorcharge — Wed, 23 Apr 2025 21:55:54 GMT

Nicely done!! Congratulations on your Approval!!👏🏼🍾🥂

Re: Venmo Visa Approval (after a no)

CreditAggie — Sun, 27 Apr 2025 23:59:46 GMT

Congratulations on your Venmo Visa approval!