Congrats on the approval. I didnt even know they had a card.
Starting FICO 8s | 06/2018: EX 601 ✦ EQ 605 ✦ TU 590
Congrats on your Venmo approval!!
Thanks!!
@justjac2 wrote:I've been checking the app periodically since last month, and the Credit Card option showed in the menu today. Instant approval for $5500, 15.24% APR. TU pull, FICO 8 is 752 (I think). I'll provide DPs if someone wants them.
I'm assuming with that limit you got the Signature option? Also interesting enough the Account Agreement says that only a very few amount of people are expected to get the 15.24% APR.
Yes it's Signature (though I should probably read up on what that gets me). I didn't notice the blurb about limited folks getting the 15.24% rate. I wonder what that would be based on.
@Jnbmom wrote:
Does this show up somewhere on Venmo app? I have the app use it occasionally but didn't know they had a CC
Hi @Jnbmom It's in the menu between the Venmo balance line and Search. I don't remember exactly what it said but it was something like Venmo Credit Card with a link to the right, something like Learn More. And maybe "New" in red. Sorry, my memory sucks.
@justjac2 wrote:Yes it's Signature (though I should probably read up on what that gets me). I didn't notice the blurb about limited folks getting the 15.24% rate. I wonder what that would be based on.
Yeah, if you look at the generic terms and conditions for the card, it mentions that There's three tiers, tier 1 being the lowest and tier3 being the highest, and it has a footnote saying something like "A small number of users approved for the card will qualify for Tier 1"