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Venmo Credit card

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Valued Contributor

Venmo Credit card

Venmo will now have their own unique credit card through Synchrony. Appears to only be eligible to active Venmo users within the last 12 months… At first.  I know there's a lot of mixed feelings regarding Synchrony. If you're a big Venmo user, this may be valuable to you. 
https://thepointsguy.com/news/venmo-credit-card/?utm_source=TPG%20Daily%20Newsletter&utm_medium=emai...

Message 1 of 63
62 REPLIES 62
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Valued Contributor

Re: Venmo Credit card

Yeah read about it. It's probably the best 3-2-1 card as there's no more periodic activation as it's done automatically by the algorithm assigning your most spend as the 3% and 2nd most as 2%! 

The only downside is... well it's a Synchrony card. 🤪

BK7 dc in 01/2011 with FICO8 in the 500s

New cc TLs : 1/6 ; 1/12 ; 2/24
HPs EX 2 EQ 2 TU 1
AAoA 5y4m
UTIL 1% - 3%

$220K+ Total Limits










Message 2 of 63
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Community Leader
Mega Contributor

Re: Venmo Credit card

Prequal link, yo!







Message 3 of 63
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Super Contributor

Re: Venmo Credit card

Thank you for sharing the information.
Message 4 of 63
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Regular Contributor

Re: Venmo Credit card

Not a horrible option, although being SYNC is a bit of a problem. Seems like PayPal (company) is continuing to expand its offerings.

Message 5 of 63
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Frequent Contributor

Re: Venmo Credit card

Oooh, a 3% card on the category I use most on that card. That seems useful for someone who can't get a USB Cash+...

Fidelity VISA Signature 11.5k
Capital One VentureOne 11k
Amex Gold NPSL
Amex Green NPSL
PayPal Synchrony MC 6.4k
Petal2 VISA 6k
DiscoverIt Cashback 5k
Hotels.com 5k
Capital One QS 3.5k
AMEX Hilton Aspire 3.1k
Apple Card 3k
Amazon/Synchrony 3k
Cathay Pacific/Synchrony 2.5k
AMEX Hilton 1k
Target 800
Ch 13 filed 12/13 discharged as paid 1/19
Message 6 of 63
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Frequent Contributor

Re: Venmo Credit card


@Brian_Earl_Spilner wrote:

Prequal link, yo!


Only available for applications in the Venmo app, yo.

Fidelity VISA Signature 11.5k
Capital One VentureOne 11k
Amex Gold NPSL
Amex Green NPSL
PayPal Synchrony MC 6.4k
Petal2 VISA 6k
DiscoverIt Cashback 5k
Hotels.com 5k
Capital One QS 3.5k
AMEX Hilton Aspire 3.1k
Apple Card 3k
Amazon/Synchrony 3k
Cathay Pacific/Synchrony 2.5k
AMEX Hilton 1k
Target 800
Ch 13 filed 12/13 discharged as paid 1/19
Message 7 of 63
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Regular Contributor

Re: Venmo Credit card


@notmyrealname23 wrote:

Oooh, a 3% card on the category I use most on that card. That seems useful for someone who can't get a USB Cash+...


Easy there, some of us are still a little sensitive ....  






Message 8 of 63
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Community Leader
Mega Contributor

Re: Venmo Credit card


@notmyrealname23 wrote:

@Brian_Earl_Spilner wrote:

Prequal link, yo!


Only available for applications in the Venmo app, yo.


I'm not one of the ones selected, yo







Message 9 of 63
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Regular Contributor

Re: Venmo Credit card


@notmyrealname23 wrote:

Oooh, a 3% card on the category I use most on that card. That seems useful for someone who can't get a USB Cash+...


I think it's most useful for the non-MyFico crowd. The ones who don't have a dozen credit cards from big banks and obscure credit unions alike. Also the ones who find Venmo sufficient for their needs. Paypal is the more fully featured service in my opinion. Venmo seems like the "Happy Meal" with the toy inside.

 

 

Message 10 of 63
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