Synchrony Venmo Credit Card Review

Synchrony Venmo Visa Credit Card Review

Application Link

  • You need to go to your Venmo app to apply for this card. It is currently only available for some targeted users. Here is its official web page: Synchrony Venmo.

Benefits

  1. Automatically earn up to 3% cash back on your top spend category, 2% on the next, and 1% on the rest, per monthly statement period. The categories are:
    • Dining & Nightlife,
    • Travel,
    • Bills & Utilities,
    • Health & Beauty,
    • Grocery,
    • Gas,
    • Transportation,
    • Entertainment,
    • Other (Note that you can’t earn 3% or 2% cashback on “other” category).
  2. The QR code on your card is your Venmo QR code, and you can use it to receive money. This is a cool feature.
  3. No foreign transaction fee.
  4. No annual fee.

Disadvantages

  1. There’s no sign-up bonus on this card.
  2. There is an annual spend limit of $10,000 in your combined 3% and 2% Spend Categories beginning the first Statement Period following your Anniversary Date.

Summary

This card seems nice for a lazy newbie. However, in most of the categories there are better cards earning more than 3%. For people who plan to spend a lot of money on some specific categories, the upper limit of $10,000 per year seems low. Considering this card does not have any sign up bonus, please think again whether you want to apply for it.

Historical Offers Chart

Application Link

  • You need to go to your Venmo app to apply for this card. It is currently only available for some targeted users. Here is its official web page: Synchrony Venmo.

Share this post with friends

If you like this post, don't forget to give it a 5 star rating!

[Total: 1   Average: 5/5]
Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved, or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.