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Venmo now has a credit card

It'll come with "smart rewards," the payments app says.

Corinne Reichert Senior Editor
Corinne Reichert (she/her) grew up in Sydney, Australia and moved to California in 2019. She holds degrees in law and communications, and currently writes news, analysis and features for CNET across the topics of electric vehicles, broadband networks, mobile devices, big tech, artificial intelligence, home technology and entertainment. In her spare time, she watches soccer games and F1 races, and goes to Disneyland as often as possible.
Expertise News | Mobile | Broadband | 5G | Home tech | Streaming services | Entertainment | AI | Policy | Business | Politics Credentials
  • I've been covering technology and mobile for 12 years, first as a telecommunications reporter and assistant editor at ZDNet in Australia, then as CNET's West Coast head of breaking news, and now in the Thought Leadership team.
Corinne Reichert
Venmo credit card

Venmo is now offering a credit card.


Venmo has unveiled a new credit card, with the payments app company emphasizing rewards and convenience. The Visa credit card is "super social," Venmo said Monday, with users able to manage the card through their Venmo app.

There's no annual fee and you can "earn major rewards," Venmo said in the YouTube announcement video, with up to 3% cash back. It'll calculate your rewards based on what you're spending the most money on -- the video shows 3% cash back on groceries, 2% on transportation and 1% on "everything else." It adds: "Amounts and categories can change depending on your spending, adjustments and returns."

You can use the cash back to pay your credit card bill, and friends can also send money via the Venmo app by scanning your credit card with their phone. Each card has a QR code on the back.

It comes in a variety of colors -- the video shows pink and purple, black and gray, dark blue and light blue, red and white, and green and blue options. 

Read more: Best credit cards for October 2020

The Venmo credit card will be offered to eligible app users over the next few months.

Here's how to get a free, weekly credit report for the next 12 months.

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