topic Re: Venmo Visa $200 SUB offer in Credit Cards

Venmo Visa $200 SUB offer

Zoostation1 — Mon, 22 Apr 2024 23:38:00 GMT

I have no business opening another card up now, so I'm not planning on doing anything with this, but got an email this morning with a $200 SUB for $1k spend in 6 months. It's a really offer to hit, but I'd rather not apply for anything else given i'm only 10 days past opening my most recent card and I don't have a solid use case for the card.

Re: Venmo Visa $200 SUB offer

Wu-Credit — Mon, 22 Apr 2024 23:51:59 GMT

@Zoostation1 wrote:
I have no business opening another card up now, so I'm not planning on doing anything with this, but got an email this morning with a $200 SUB for $1k spend in 6 months. It's a really offer to hit, but I'd rather not apply for anything else given i'm only 10 days past opening my most recent card and I don't have a solid use case for the card.

It's a SUB offer that's targeted, so those I kind of pull the trigger on. I just close after a year if no need for it after the SUB. Yolo.

Re: Venmo Visa $200 SUB offer

flexin222 — Mon, 22 Apr 2024 23:52:02 GMT

Hey Zoostation, I got a Venmo offer and was like, " Ooh, maybe! " I looked at the fine print APR and said, " Hells to the naw! " It was like 28%. I know the rates and economy is bad, but I will NEVER pay another high APR rate again. I think your gut is telling you what to do. Good times...

Re: Venmo Visa $200 SUB offer

Zoostation1 — Tue, 23 Apr 2024 00:06:31 GMT

@flexin222It's more I don't want the score hit and an account to manage that I won't have a use case after the sub (not much of a churner) than it is the interest rate. Being a rebuilder I've got high rates on all my cards lol. I can get some prime cards now, but still generally get the highest rate they have. The only rate I have below the 28% you referenced is my new Savor at 26.24%. Fortunately it hasn't mattered since I've been PIF.

Re: Venmo Visa $200 SUB offer

Linnaea — Tue, 23 Apr 2024 23:00:42 GMT

@Zoostation1 wrote:
@flexin222It's more I don't want the score hit and an account to manage that I won't have a use case after the sub (not much of a churner) than it is the interest rate. Being a rebuilder I've got high rates on all my cards lol. I can get some prime cards now, but still generally get the highest rate they have. The only rate I have below the 28% you referenced is my new Savor at 26.24%. Fortunately it hasn't mattered since I've been PIF.

Congratulations on getting the offer! That's a great thing. In regards to dating my Mom would say run away until you catch him! I guess it could be said in terms of credit as well! Run away until you catch the better ones.

Appears you have a nice rebuild with the cards in your signature. It's got be nice that you are being courted so fervently. Kudos for the offer and more Kudos for your restraint. Many fold to easy. More should be given accolades for their discipline.

Re: Venmo Visa $200 SUB offer

CorpCrMgr1 — Wed, 24 Apr 2024 00:02:48 GMT

@Zoostation1 good for you for staying strong!

Re: Venmo Visa $200 SUB offer

FicoMike0 — Wed, 24 Apr 2024 00:30:46 GMT

This card is a 3% category card. Is there any reason to go with this vs a 5% category card?

Re: Venmo Visa $200 SUB offer

coldfusion — Wed, 24 Apr 2024 11:58:04 GMT

@FicoMike0 wrote:
This card is a 3% category card. Is there any reason to go with this vs a 5% category card?

There's no blanket answer but IMO most people would have a hard time coming up with a compelling reason to do so.

I did get a "You've been selected to apply" email from them yesterday but no mention of a SUB, just another DP pointing to the offer being targeted.

Re: Venmo Visa $200 SUB offer

keekers — Wed, 24 Apr 2024 13:34:50 GMT

@FicoMike0 wrote:
This card is a 3% category card. Is there any reason to go with this vs a 5% category card?

Probably only if you can't get the Citi Custom Cash (or the BoA card?) where you can control the rewards category. The good thing about this card is that it lets you control two categories for rewards, although they are lower % return. Mine is sock drawered but as I recall I used it for categories that some other cards wouldn't recognize like "bills/utilities".

Re: Venmo Visa $200 SUB offer

FicoMike0 — Wed, 24 Apr 2024 14:40:13 GMT

Thanks, good input. You like citi custom cash? I've been looking at that one. I've also read some positive comments on citi syw. Do you have any opinion on custom cash vs syw?

Re: Venmo Visa $200 SUB offer

ptatohed — Wed, 24 Apr 2024 15:21:32 GMT

@Linnaea wrote:

@Zoostation1 wrote:
@flexin222It's more I don't want the score hit and an account to manage that I won't have a use case after the sub (not much of a churner) than it is the interest rate. Being a rebuilder I've got high rates on all my cards lol. I can get some prime cards now, but still generally get the highest rate they have. The only rate I have below the 28% you referenced is my new Savor at 26.24%. Fortunately it hasn't mattered since I've been PIF.

Congratulations on getting the offer! That's a great thing. In regards to dating my Mom would say run away until you catch him! I guess it could be said in terms of credit as well! Run away until you catch the better ones.

Appears you have a nice rebuild with the cards in your signature. It's got be nice that you are being courted so fervently. Kudos for the offer and more Kudos for your restraint. Many fold to easy. More should be given accolades for their discipline.

Without the comma after dating, all I can think of now is dating your Mom!

Re: Venmo Visa $200 SUB offer

ptatohed — Wed, 24 Apr 2024 15:23:32 GMT

@FicoMike0 wrote:
Thanks, good input. You like citi custom cash? I've been looking at that one. I've also read some positive comments on citi syw. Do you have any opinion on custom cash vs syw?

Different cards, different purposes. I love them both. Happy to answer any questions about them via PM if you'd like FMO.

Re: Venmo Visa $200 SUB offer

Linnaea — Wed, 24 Apr 2024 19:54:07 GMT

@ptatohed wrote:
@Linnaea wrote:

@Zoostation1 wrote:
@flexin222It's more I don't want the score hit and an account to manage that I won't have a use case after the sub (not much of a churner) than it is the interest rate. Being a rebuilder I've got high rates on all my cards lol. I can get some prime cards now, but still generally get the highest rate they have. The only rate I have below the 28% you referenced is my new Savor at 26.24%. Fortunately it hasn't mattered since I've been PIF.

Congratulations on getting the offer! That's a great thing. In regards to dating my Mom would say run away until you catch him! I guess it could be said in terms of credit as well! Run away until you catch the better ones.

Appears you have a nice rebuild with the cards in your signature. It's got be nice that you are being courted so fervently. Kudos for the offer and more Kudos for your restraint. Many fold to easy. More should be given accolades for their discipline.

Without the comma after dating, all I can think of now is dating your Mom!

Love it. ❤️

Re: Venmo Visa $200 SUB offer

NoMoreE46 — Thu, 25 Apr 2024 02:20:46 GMT

I have been targeted for a while barely using my Venmo account.

I'd like to get the USB Cash + for 5% on Utilities but if I can't, this might be an option at 3%.

@coldfusion wrote:
@FicoMike0 wrote:
This card is a 3% category card. Is there any reason to go with this vs a 5% category card?
There's no blanket answer but IMO most people would have a hard time coming up with a compelling reason to do so.

I did get a "You've been selected to apply" email from them yesterday but no mention of a SUB, just another DP pointing to the offer being targeted.

Re: Venmo Visa $200 SUB offer

DXness — Thu, 25 Apr 2024 04:48:37 GMT

They target me with this pretty much every time I login to Venmo...but I don't want the card, either. It's not a bad SUB to churn, but that's the only thing I'd do with it. The card isn't totally terrible, especially given that competition like the Custom Cash and Cash+ aren't the easiest things to get approved for during an earlier stage rebuild, but there are better options for later stage rebuilders.

Re: Venmo Visa $200 SUB offer

Zoostation1 — Sat, 27 Apr 2024 23:26:33 GMT

@NoMoreE46 How often do you use Venmo? I use it monthly to pay my rent/utilities (utilities are in my landlord's name and they're a close friend), but otherwise only if I need to pay a friend back for a meal, concert ticket etc. I try and be the one purchasing in those cases whenever possible though.

Re: Venmo Visa $200 SUB offer

NoMoreE46 — Sun, 28 Apr 2024 12:35:31 GMT

Maybe 5 times annually?

@Zoostation1 wrote:
@NoMoreE46 How often do you use Venmo? I use it monthly to pay my rent/utilities (utilities are in my landlord's name and they're a close friend), but otherwise only if I need to pay a friend back for a meal, concert ticket etc. I try and be the one purchasing in those cases whenever possible though.

Re: Venmo Visa $200 SUB offer

UncleB — Fri, 03 May 2024 00:11:39 GMT

For me the cool part about this card is it earns 3% in-store at Walmart and Sam's Club (both code as grocery), and that's without having to fiddle around with mobile apps. For those occasions when I get tires at Sam's Club it really comes in handy, since you can't use "Scan and Go" to pay for tires (which is the BCE and BoA CCR work-around).

I agree that 5% is better, but since I don't have the AAA Visa (for WM) this is the next best thing, LOL. My WM spend isn't significant enough to justify an app for the AAA Visa at this time.

Re: Venmo Visa $200 SUB offer

Wavester64 — Fri, 23 Aug 2024 14:49:22 GMT

@DXness wrote:
They target me with this pretty much every time I login to Venmo...but I don't want the card, either. It's not a bad SUB to churn, but that's the only thing I'd do with it. The card isn't totally terrible, especially given that competition like the Custom Cash and Cash+ aren't the easiest things to get approved for during an earlier stage rebuild, but there are better options for later stage rebuilders.

I read somewhere that Venmo, under the "Groceries" category, gives you 3% CB at Costco and Walmart - can anyone confirm?

EDIT: Oops, I see @UncleB confirmed about Walmart - can anyone confirm about 3% CB under Groceries for Costco (or BJ's?)

Re: Venmo Visa $200 SUB offer

Wavester64 — Mon, 14 Oct 2024 19:52:55 GMT

@Wavester64 wrote:
@DXness wrote:
They target me with this pretty much every time I login to Venmo...but I don't want the card, either. It's not a bad SUB to churn, but that's the only thing I'd do with it. The card isn't totally terrible, especially given that competition like the Custom Cash and Cash+ aren't the easiest things to get approved for during an earlier stage rebuild, but there are better options for later stage rebuilders.
I read somewhere that Venmo, under the "Groceries" category, gives you 3% CB at Costco and Walmart - can anyone confirm?

EDIT: Oops, I see @UncleB confirmed about Walmart - can anyone confirm about 3% CB under Groceries for Costco (or BJ's?)

Bumping this one up since I never got a reply. ^^

I just now got the email with the $200 SUB offer. Might be userful to use for Walmart+ items and Costco/Bjs if the Grocery category gets triggered using it there