Venmo Visa Approval (after a no)

[KatzNDawgs]

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!

[CreditMagic7]

Congratulations on your 5k SL Venmo Approval!

[KatzNDawgs]

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@CreditMagic7 wrote:

Congratulations on your 5k SL Venmo Approval!

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Thanks!!

[Patient957]

Congrats!

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@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.

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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.

[KatzNDawgs]

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@Patient957 wrote:

Congrats!

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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.

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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

[chamathkari]

Congratulations on the approval 

[crystal626]

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.

[firefox100]

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

[KatzNDawgs]

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@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.

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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?

[firefox100]

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.