topic Card for infrequent Venmo use? in Credit Cards

Card for infrequent Venmo use?

wasCB14 — Sun, 17 Mar 2024 20:24:05 GMT

Are any of my cards especially well-suited for Venmo (adult consumer-to-consumer, nothing for business), in terms of earning rewards and avoiding cash advance fees? Transactions will be small and infrequent, so I don't mind paying a 3% fee so long as I'm getting some sort of rewards.

My cards:

Personal spend: Amex Gold, Amex Schwab Plat., BofA PR+CCR(x2), Costco
Business use: Amex Bus. Plat., BBP, Lowes Amex AU, CFU AU
Perks: Delta Plat., United Explorer, IHG49, Hyatt, "Old SPG"
Mostly SD: Freedom Flex, Freedom, Arrival
Upgrade/Downgrade games: ED, BCE

Re: Card for infrequent Venmo use?

GZG — Sun, 17 Mar 2024 20:29:14 GMT

@wasCB14 wrote:
Are any of my cards especially well-suited for Venmo (adult consumer-to-consumer, nothing for business), in terms of earning rewards and avoiding cash advance fees? Transactions will be small and infrequent, so I don't mind paying a 3% fee so long as I'm getting some sort of rewards.

well surely the venmo card offers this fee free, a reasonable person might think.

https://www.synchronycredit.com/gecrbterms/html/RewardsTerms.htm

well, that's not helpful, definitely would like to know this as well.

Re: Card for infrequent Venmo use?

Bockrocker — Sun, 17 Mar 2024 21:25:05 GMT

@wasCB14 wrote:
Transactions will be small and infrequent, so I don't mind paying a 3% fee so long as I'm getting some sort of rewards.

This really doesn't seem like the sort of spending that would require its own card, even if a suitable one existed... Just try to minimize any fees!

Re: Card for infrequent Venmo use?

GApeachy — Sun, 17 Mar 2024 21:55:48 GMT

@GZG wrote:
@wasCB14 wrote:
Are any of my cards especially well-suited for Venmo (adult consumer-to-consumer, nothing for business), in terms of earning rewards and avoiding cash advance fees? Transactions will be small and infrequent, so I don't mind paying a 3% fee so long as I'm getting some sort of rewards.

well surely the venmo card offers this fee free, a reasonable person might think.

https://www.synchronycredit.com/gecrbterms/html/RewardsTerms.htm

well, that's not helpful, definitely would like to know this as well.

I used the Venmo Visa Credit Card for sending money to others fee free.....But.....always a but......Venmo now charges the 3% fee just like any other cc you have linked to your Venmo acct.

You do have this other option to send money fee free to your Venmo Friends & Family- Amex Send (monthly cap $2k-$5k-ish) ETA: Your Gold card may be a good one.

Re: Card for infrequent Venmo use?

wasCB14 — Sun, 17 Mar 2024 23:01:19 GMT

I thought my original post was sufficiently clear. I'm not looking for a new card. I'm looking to pick a card for these transactions from among the cards I already have.

Re: Card for infrequent Venmo use?

GApeachy — Mon, 18 Mar 2024 05:35:41 GMT

@wasCB14 wrote:
I thought my original post was sufficiently clear. I'm not looking for a new card. I'm looking to pick a card for these transactions from among the cards I already have.

Clear enough....that's why I suggested your Gold card.

1. to avoid any CA fee

2. the 3-2-1 is built in

(your BCE might be a good match as well)

Re: Card for infrequent Venmo use?

UncleB — Wed, 03 Apr 2024 09:33:25 GMT

I don't think you're going to find a card that has both no-fee on the Venmo side and still has rewards, but I'd love to be mistaken... if there is one hopefully someone will speak up.

Myself, I use my Amex BCE. There are no rewards, but there's also no fee since I use the Amex Send account feature that links the two (Amex and Venmo). I probably use Venmo two or three times a year and always for a small amount (usually under $20) so avoiding the fee is more important to me than earning rewards.