The Venmo Credit Card 2023 Honest Review | Pros and Cons Revealed

[@flubberghosted2472]

I love this card! It’s actually my first cashback card and it’s highly underrated. I like to use it to get 3% back at Costco since it codes it as a grocery store!

[@TheRDGuarantee]

Definitely underrated and the Costco redemption is clutch!

[@RandySpeer]

How do you know if it’s going to properly identify all of your bills and utilities as such? I’m interested in having all of my bills paid through the card, but it’s not worth it if it tries to auto determine what a bill is and misses half of them.

[@flubberghosted2472]

@@RandySpeer I had to do trial & error… Most of my bills & utilities were coded properly, but I do have to put car insurance on another card. Also I put phone bill on my Autograph.

[@flubberghosted2472]

3% option for bill and utilities is also pretty rare and attractive.

[@TheRDGuarantee]

Sounds like you found the perfect sweet spot for this card!

[@echo021]

Us bank cash plus gets you 5% back on home utilities

[@mikejames7684]

This is my favorite card. 3% at Walmart, Target, liquor stores and grocery stores for $0 AF is OP.

[@benjam9035]

I'm trying to switch from my apple card because I got an android. I really like being able to make daily payments and seeing them applied to my balance quickly, Is there a better option?

[@TheRDGuarantee]

Good question... if daily payments are your main factor, then I don't have a better suggestion for you as I think thats one of the things that the Apple Card does really well. What else do you care about in a card? Sign up bonus? No annual fee? Cash back rewards?

[@williamjp12345]

Can you use the card to Venmo people?

[@jrizzle141]

No foreign transaction fees, I'm sold!

[@TheRDGuarantee]

No foreign transaction fees is always an underrated perk!

[@Rizzo2185]

Do you get any benefits for using Venmo to send other people cash?

[@marcusbrown188]

This might be the best card for shopping at Costco since they only accept visa

[@ZackyVillain]

Health & Beauty category is super rare. Gyms or sport facilites for golf, tennis, skiing, swimming can be very expensive. It is a 0 annual fee card. It may be worthy with this category alone.

[@TheRDGuarantee]

You’re absolutely right, there’s some great value there!

[@andymac30440]

I sell firewood & have no documened income other than venmo & some insurance debt, should i apply?

[@StarOasis26]

Is it a Visa or MasterCard? What's the APR interest rate? Thanks for the review

[@bigwill5207]

It's a debit card, so there is no interest

[@StarOasis26]

@@bigwill5207 Okay cool 👍

[@TheRDGuarantee]

Thanks for the comment! The Venmo Credit Card is a Visa. APR is between 20.49% - 29.49%. As always, hope that doesn't become a factor in which card you choose (due to the balance being paid off in full every month).

[@ShockwaveZero]

@@TheRDGuarantee thanks for doing what you do I found this video helpful.

[@mr.redeyes2583]

Is it possible to get 3 percent for utilities as my top spending?

[@TheRDGuarantee]

Bills & Utilities Includes: phone and internet, streaming services, electric, gas, water and more. That's from the Venmo website as a category - so yes!

[@ericyestramski8390]

I’ve been making payments early, I click the “pay now” option but it still says “scheduled payment” while my credit limit is back to max, it still shows my balance as if I haven’t paid it. It shows the payments I’ve made, but I’m just concerned there’s something I’m missing. My due date isn’t until April 11th so is it just waiting to process until then? I just don’t want to be hit with late fees when I thought I had paid it off

[@ericyestramski8390]

Like the money is gone from my Venmo account so I’ve clearly paid it, I’m just confused why it says “payment scheduled” and still allows me to pay the amount I’ve already paid as my “current”

[@henryh4468]

What about Costco gas? What category would that count as?

[@ProCSRman]

Crypto fees make it mid.

[@erichchan3]

​ @TheRDGuarantee How are the crypto rewards distributed? Are they provided instantly like the Gemini crypto card where you get the rewards upon swiping the card?

[@cupidok2768]

i got rejected and how anyone can apply for this. they dont even give reason why. my credit score is high

[@erichchan3]

@@cupidok2768 maybe u have too much credit extended.

[@nrpbrown]

Solid review. Convinced me to get it just so I can have the card and increase my overall credit and number of accounts. It seems bad overall though.

[@TheRDGuarantee]

It’s only bad if you’re using it as your main card and missing out on benefits from other great credit cards out there

[@FaithResurge]

Why is it bad to use as your main card? I was thinking about getting it for things like groceries the dollar store in Walmart type things ​@@TheRDGuarantee

[@andyl9766]

Yo how does this interface card with Venmo? The only reason anyone's using this card. Ie payments, friends, cash advance?

[@TheRDGuarantee]

What do you mean? There are a few benefits. Some people will use this as a 1 category card only. It's a $0 annual fee, so you can get this card and charge just one category only and get 3% cash back which is higher than most others out there. (In my opinion, thats the best use case for getting this card).