topic Re: Verizon Visa Rewards card 4%, 3%, 2%, 1% in Credit Cards

Verizon Visa Rewards card 4%, 3%, 2%, 1%

Duke_Nukem — Mon, 22 Jun 2020 18:38:43 GMT

Verizon is now offering a Visa Rewards card, handled by Synchrony. The kicker, rewards are "Verizon Dollars" to be used on Verizon purchases. There is a limited signup bonus, but you would be lucky to get $10 IMO.

4% on groceries and gas

3% on dining and takeout

2% on Verizon purchases

1% everything else

Anybody burning a HP for this one?

Offer Details and Eligibility Requirements

The Early Access promotion’s sign up list is valid from 12:00 noon ET on 6/22/20 – 9:00 pm ET on 6/25/20. To sign up to be added to the list, you must be a Verizon Wireless account owner or manager of an account with 10 or less phone lines; aged 18+ and a US resident. Prepaid customers and Verizon employees, including employees covered under collective bargaining agreements, are ineligible to participate. Verizon Dollars will be awarded within 2-3 billing cycles to each eligible account owner's or manager's My Verizon account who completes all the following: (1) signs up on the list during the promotional period, (2) applies for a Verizon Visa Card through the link provided by the specified date, and (3) is approved for the Verizon Visa Card ("Approved Participant"). $1,000,000 Verizon Dollars is available to be divided equally among all the Approved Participants, however in no event will any individual Approved Participant be awarded more than $1,000 Verizon Dollars. The actual amount awarded to each Approved Participant and the total amount awarded will depend upon the number of Approved Participants. For example, if there are 10,000 Approved Participants, then each will be awarded $100 Verizon Dollars and the $1,000,000 Verizon Dollars in total will be awarded. Void where prohibited. We reserve the right to remove anyone from the Early Access promotion in the event of fraud or abuse of the promotion.

Verizon Visa Rewards link

Verizon Visa Rewards Terms

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Aim_High — Mon, 22 Jun 2020 19:06:38 GMT

Thanks for the heads up! Interesting card arrangement. I had not heard of this card!

I have Verizon and I could use that but not really sure it offers enough added value. (Basically would only pay me 0.5% to 1% extra back on some of my grocery spend in two quarters of the year when Freedom and Discover don't pay 5%.) If they offered more cash back on Verizon or other categories, it might be more attractive. It's not bad ... it's just not better than a lot of other cards if you're already optimizing categories. And definitely don't want an extra HP or new account at the moment. I clicked the link to read more about it, it prompted me to sign in to my Verizon account, and told me I'm added to the early sign-up list. Oh well, doubt I will follow through right now.

The redemption only in Verizon Dollars is put-offish. I like flexibility. But on the other hand, you can use the rewards to pay for your monthly wireless or FIOS bill, new devices, or accessories. So that's a win.

4% on groceries and gas .... (I have 3% to 5% already covered)

3% on dining and takeout .... ( I have 3% + already covered)

2% on Verizon purchases ..... (I have 2% + already covered)

1% everything else .......... (I have 2% + already covered)

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

CreditCuriosity — Mon, 22 Jun 2020 19:18:40 GMT

interesting although doubt ill byte... aesthetically pleasing and decent rewards although have better cards most of the time.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Anonymous — Mon, 22 Jun 2020 19:23:42 GMT

Is that a metal card? It sure looks like it might be.

Honestly the rewards scheme is nothing to write home about, especially since switching from Verizon to a Verizon MVNO can save you over 50%, but I'm sure it will be popular.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

wasCB14 — Mon, 22 Jun 2020 19:23:48 GMT

With ~150 million subscribers, if 1% of those lead to an approval, that means 1.5 million approvals and a SUB of about $0.66.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

CreditCuriosity — Mon, 22 Jun 2020 19:31:09 GMT

@wasCB14 wrote:
With ~150 million subscribers, if 1% of those lead to an approval, that means 1.5 million approvals and a SUB of about $0.66.

Verizon is gold standard of celluar sevice.. With that said I highly doubt 1% would sign up even as kinda hidden. I do think the bonus is very vague as one could get 1k or as you mentioned .66 cents or even less.. Although speculate it will probably be at leat 10 or so dollars as only is good for what 4 days? Doubt 1.5 millino ppl will apply for this card in 4 days although stranger things have happened.. Decent card for those without better options for a very lenient lender with lower credit standards than say Us Bank/Citi and the likes

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

K-in-Boston — Mon, 22 Jun 2020 19:35:06 GMT

@wasCB14 wrote:
With ~150 million subscribers, if 1% of those lead to an approval, that means 1.5 million approvals and a SUB of about $0.66.

"To sign up to be added to the list, you must be a Verizon Wireless account owner or manager of an account with 10 or less phone lines; aged 18+ and a US resident. Prepaid customers and Verizon employees, including employees covered under collective bargaining agreements, are ineligible to participate."

That will exclude an overwhelming majority of subscribers. Of those who meet the qualifications, I can't imagine that many both qualifying for the card and applying through that link by Thursday.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

K-in-Boston — Mon, 22 Jun 2020 19:37:30 GMT

@CreditCuriosity wrote:

Doubt 1.5 millino ppl will apply for this card in 4 days although stranger things have happened..

No, for that you need a small credit union with a crazy uncapped rewards program.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Duke_Nukem — Mon, 22 Jun 2020 19:41:25 GMT

I was jokingly thinking about this card, but will need to sit down and run some numbers on this now. On top of the the early bird signup of anwhere from $0.01 to $1000.00 (depending on the # of people that signup), they are also offering up to a $100 promo credit (to be applied over 24 monthly bill cycles ).

But the thing that just caught my eye is that you could actually pay your monthly bill with the card and it still qualify for the auto-pay discount that I currently get (I think, not sure yet without more digging). So I'm wondering if I could get the 2% rewards towards paying my monthly bill using this card. If I use a credit card on the plan I have, I lose my $50/month discount I'm currently getting.

Additional Card Holder Benefits

New Card Holder Offer. Receive up to $100 promotional (promo) credit per credit card account, when paying a Verizon Wireless or Verizon Fios bill with either a Verizon Visa Card or by redeeming Verizon Dollars to pay the total bill amount. Promo credit is applied to your Verizon Wireless bill over a period of twenty-four (24) consecutive bill cycles, equaling a credit of $4.17 per bill. The period begins within 1-2 billing cycles after the credit card account approval.

The credit will be applied only if and when the bill payment requirements are met for each billing cycle. In the event that bill payment requirements are not met, no credit will be applied to the next applicable bill cycle.
TravelPass Offer. You are eligible for two (2) single-day-use TravelPass days at the time of credit card account approval. One offer (two TravelPass days) per credit card account per calendar year.

TravelPass days will be awarded on the first calendar day of each year. TravelPass days must be used within the same calendar year they are provided. TravelPass days do not roll over to the following calendar year and will be forfeited if not used by close of the calendar year.

TravelPass eligibility rules apply. Price plans that are ineligible to redeem the TravelPass Offer include any grandfathered/legacy plans, as well as the Above Unlimited plan. Devices that are ineligible include 3G devices, 4G non-GSM devices and connected devices (including watches). TravelPass days awarded within this Rewards Program have no cash value and are issued for reward purposes only and cannot be purchased, sold, transferred or redeemed for cash.

Visit verizonwireless.com/support to learn more, including terms and conditions and frequently asked questions (FAQs).
Auto Pay Discount Offer. You may be eligible for $5 or $10 promotional credit per Verizon Wireless line when you sign up for paperless billing and Auto Pay with the Verizon Visa Card. Exact promotional credit amount depends on the Verizon Wireless plan you have selected. Plan eligibility rules apply.

You also may be eligible for $10 promotional credit per Verizon Fios account when you sign up for paperless billing and Auto Pay with the Verizon Visa Card. Eligibility rules apply.

Visit verizonwireless.com/support/auto-pay-faqs/#autopay to learn more, including terms and conditions, specific rules on promo credit amount and eligible plans.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Remedios — Mon, 22 Jun 2020 19:44:15 GMT

That card doesn't look bad at all to me, especially for those who do not have a separate card for every imaginable purpose.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

creditfan — Mon, 22 Jun 2020 19:58:40 GMT

I believe you have to be Verzion customers to qualify

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

ChargedUp — Mon, 22 Jun 2020 20:03:49 GMT

@CreditCuriosity wrote:
@wasCB14 wrote:
With ~150 million subscribers, if 1% of those lead to an approval, that means 1.5 million approvals and a SUB of about $0.66.
Verizon is gold standard of celluar sevice.. With that said I highly doubt 1% would sign up even as kinda hidden. I do think the bonus is very vague as one could get 1k or as you mentioned .66 cents or even less.. Although speculate it will probably be at leat 10 or so dollars as only is good for what 4 days? Doubt 1.5 millino ppl will apply for this card in 4 days although stranger things have happened.. Decent card for those without better options for a very lenient lender with lower credit standards than say Us Bank/Citi and the likes

Verizon is great in major metro areas and along major interstate highways, but if you venture off the beaten path they are spotty. This is the main reason I went to AT&T as work has me in these areas occasionally. Along US 395 in California is one of these places (AT&T/Metro PCS were the only things that worked out there. I could stand on a hill and get one bar off and on with my Verizon phone at the time).

That said, Citi's AT&T card has a better sign up bonus and earns TY points. (It's still a little ho-hum)

Citi AT&T Access Credit Card

And while Synch may be a little more lenient in underwriting for some cards, remember that they tend to raise the bar for products bearing a Visa/MC logo.

Or one could forget all the above and just get the Amex Simply Cash + business card and get 5% cash back on phone service through any carrier. (which I do!)

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

MoneyBurns — Mon, 22 Jun 2020 20:13:25 GMT

I am there for the 4% groceries! I get 3% right now on Walmart purchases but 4% is more than 3%!! Gotta squeeze every penny!

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

K-in-Boston — Mon, 22 Jun 2020 20:14:25 GMT

If I had to pay for my Verizon Wireless service, I would actually consider this card. The 2 days of free TravelPass each year on the card can be a nice little perk. That's a service I would not like to be without. I did 4 countries in one day last year without ever having to change my SIM card or even change any settings on my phone. Although I always get a kick out of seeing which random provider I'll get connected to every time I step out of an elevator.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Loquat — Mon, 22 Jun 2020 20:36:19 GMT

Everyone seems to have a co-branded card these days. Not something that I'm interested as a Verizon Wireless customer but still nice to see options out there for those who may find value in this card.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Aim_High — Mon, 22 Jun 2020 21:02:01 GMT

@ChargedUp wrote:
Verizon is great in major metro areas and along major interstate highways, but if you venture off the beaten path they are spotty.

Or one could forget all the above and just get the Amex Simply Cash + business card and get 5% cash back on phone service through any carrier. (which I do!)

I used to have Sprint and had that experience in rural areas but Verizon has always been much better for me. DW used to have ATT after I switched to Verizon first. We compared notes for a couple of years. In our experience, Verizon usually beat ATT but occassionally it was the other way around. So YMMV definitely applies and depends on the area. In general, I think Verizon's claim to "best network" is appropriate.

I looked up the AMEX Simply Cash Plus card to review it. Looks like it's no longer available to new applicants and they refer you to the Blue Business Cash card instead earning 2%. So congrats on being grandfathered in!

For anyone looking for a great deal on cellphone service, I have the no-AF Chase INK Cash card which pays 5% cash back on cellphone and home tv-internet. But when points are transferred to the Chase Sapphire Reserve, that 5% can be redeemed for 7.5% on UR portal travel redemption. It may be the best deal currently available in category.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

CreditCuriosity — Mon, 22 Jun 2020 20:45:42 GMT

@ChargedUp simplycash isnt offered anymore... As @Remedios mentioned if one is a verizon die hard and doesnt max everything out like myself with a make an excuse for 30 cards then this is a well rounded card imho as an average phone cell bill is at least 55-60 and most likely higher with verizon.

edit: wont lie signed up for notification within 24 hours ill get app link texted to me.. Whether I apply or not who knows .. Only have a 35k lowes card atm so have alot of meat on the bone left with sync....

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

K-in-Boston — Mon, 22 Jun 2020 20:46:42 GMT

@CreditCuriosity wrote:
@ChargedUp simplycash isnt offered anymore... As @Remedios mentioned if one is a verizon die hard and doesnt max everything out like myself with a make an excuse for 30 cards then this is a well rounded card imho as an average phone cell bill is at least 55-60 and most likely higher with verizon.

edit: wont lie signed up for notification within 24 hours ill get app link texted to me.. Whether I apply or not who knows .. Only have a 35k lowes card atm so have alot of meat on the bone left with sync....

Let us know how much you end up getting for a SUB.

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Anonymous — Mon, 22 Jun 2020 20:47:34 GMT

No surprise but it doesn't offer what would be most meaningful, cell phone insurance. This is a big money maker for the carriers so they wouldn't want to give that away!

Re: Verizon Visa Rewards card 4%, 3%, 2%, 1%

Aim_High — Mon, 22 Jun 2020 20:56:09 GMT

@K-in-Boston wrote:
@CreditCuriosity wrote:
edit: wont lie signed up for notification within 24 hours ill get app link texted to me.. Whether I apply or not who knows
Let us know how much you end up getting for a SUB.

Lol ... I think we know whether you'll apply ... It's kinda like when I just checked out the Apple card on my phone just to see what it was all about and then ... bam!! Accepted and applied!

It truly isn't a bad card for the right profile. But I already have too many other good options so that diminishing incremental value equation is something I have to keep in mind.