*NEW!* VENMO CREDIT CARD (Venmo Card Review, Cash Back Rewards, and more!)

The all new VENMO CREDIT CARD has launched to select customers, and it will be available to ALL Venmo users in the coming months! Click "Show More" to see Ad Disclosure. CNBC article: https://www.cnbc.com/select/new-venmo-credit-card-launches 💳👉VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! http://markscreditcards.com/rakuten ‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100: http://markscreditcards.com/webull The Venmo Credit Card will likely end up being one of the: - Best credit cards for beginners - Best credit cards for college students - Best credit cards for fair credit - Best cash back credit cards with no annual fee - Best competing credit cards to the Apple credit card / Apple Card Before we go further, note that this is DIFFERENT than the Venmo Debit Card, which came out earlier. THIS is all about Venmo’s first-ever CREDIT CARD. Let’s talk about it! AVAILABILITY - Select Venmo users at initial soft launch - Early requirements: 18+ y/o residing in US or US territory, must have latest version of Venmo app, Venmo account must be open for 30+ days with activity in past 12 months. CREDIT CARD SIGNUP BONUS - None at launch; TBD in future CASH BACK REWARDS 3% on your FIRST top spend category 2% on your SECOND top spend category 1% on everything else ANNUAL FEE none The “top spend” categories are currently as follows as of Oct. 2020 Travel Transportation Grocery Entertainment Dining & Nightlife Bills & Utilities Health & Beauty Gas These categories are automatically identified by Venmo; no rotating/changing cash back categories or calendars to keep track of, no limits on how much you can earn, nothing to activate! TECH - You can apply for the Venmo Credit Card in the Venmo app - The Venmo card has a QR code printed on the physical card. Simply scanning it pulls up your Venmo profile so you can pay, receive payment from others, and apply payments from friends to your Venmo account balance or directly to your Venmo Credit Card bill. - Receive an instant temporary credit card number to use after approval - The Venmo card is compatible with contactless payments - Manage Venmo Credit Card from the Venmo app! View credit card transactions, payments, split payments, rewards & more! COLOR You can select your Venmo card color, too! Choose from: - Cotton Candy - Night Life - Denim - Campfire - Tropical Islands VISA TYPES Visa Traditional: https://venmo.com/about/creditcard/features/visa Visa Signature: https://venmo.com/about/creditcard/features/visasignature GOOD TO KNOW - The Venmo Credit Card issuing bank is Synchrony Bank. - Currently in ‘soft launch’ phase (Oct. 2020) to select users; then available to all Venmo users - 3% + 2% cash back adapts to your spending - Activate card by scanning card’s QR code w/ phone camera - If you lose / misplace your physical card, you can freeze it in the app & continue using the virtual card SHOULD YOU GET IT? YES if you… - Use Venmo - Value cash back credit cards with no annual fee - Want personalized, hassle-free cash back rewards - Want a card to maximize spend on bills & utilities or health & beauty. NO if you… Aren’t a Venmo user Want travel rewards OTHER CASH BACK CREDIT CARDS TO CONSIDER - Apple credit card (Apple Card) - Citi Double Cash Card - PayPal credit card (PayPal CashBack Mastercard) - Fidelity credit card (Fidelity Rewards Visa Signature Card) - Wells Fargo Propel card - US Bank Altitude Go card - Bank of America Cash Rewards card - Amex Blue Cash Everyday card (American Express Blue Cash Everyday card) - Chase Freedom Flex card - Chase Freedom Unlimited card - Amazon credit card (Amazon Prime Rewards Visa Signature Card) Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor. #creditcards #venmo #cashback