Venmo Credit Card

Venmo credit card

Venmo now offers select users a Venmo Visa credit card issued by Synchrony Bank.

Those eligible for the new card will notice an option for “Venmo Credit Card” in the drop-down menu of most recent version of its app. Available by invitation only to some users of the Venmo app, the card will gradually be offered to the entire Venmo community, but not the general public.

Introductory Offers

The card doesn’t have any sign-up incentives, such as bonuses or introductory APR discounts. Nor are balance transfers from other cards available. However the card doesn’t have any annual fee or foreign transaction fee. See terms and conditions for details.

Rewards

Account holders collect  3-2-1 cashback rewards from among eight eligible purchase categories.

  • Bills & utilities
  • Dining & nightlife
  • Entertainment
  • Gas
  • Grocery
  • Health & Beauty
  • Transportation
  • Travel

The 3% rebate goes towards the highest spend category, 2% rewards on second-most spend category, and 1% cashback on all other items. The bonus rates are assigned automatically on a monthly basis, i.e. no need to manually pick the best one.

Per reward terms users can even get 1% rewards for sending money via Venmo.

“When using your Card Account to send money to other Venmo users through your Venmo account.”

Unlike many cards that emphasize travel rewards, this is a great card to earn 3% rewards on utility bills because of its broad scope.

“Telecommunications, internet service providers, ongoing delivery of television/radio/streaming content on a subscription or fee basis, subscription products or services (such as magazine/newspaper subscriptions), electric or gas power, water supply, and refuse disposal or other utility services.”

Some items do not earn rewards: “Cash advances, disputed transactions, unauthorized or fraudulent transactions, interest, fees, or any other transactions that Synchrony may determine in its sole discretion are not eligible to earn Cash Rewards.”

Conveniences

Venmo Credit Card keeps tabs on card activity in the app, along with Venmo spending – every purchase, payment, split, and reward.

The card comes with the cardholder’s own unique QR code on the front, which makes accessing  Venmo a breeze. Once the code is scanned a Venmo profile pops allowing authorized users to pay or get paid.

Use the card online and wherever Visa is accepted. The purchase amount can even be split with others – just like regular Venmo payments. Easily apply funds from them as payments to your credit card bill or to your Venmo account.

The Venmo Credit Card is a chip-enabled card for greater security. You can use it as a contact-less card for a secure, touch free way to pay on enabled terminals.

More information and details

For further details on the new Venmo Credit Card, call Venmo Credit Card support at 855-878-6462 or you can explore their Help Center at your leisure.

Discover It Cash Back Credit Card

discover-it-credit-card

Great Discover It 5% rebate categories starting October 1

From October 1 to December 31 Discover cardholders earn 5% cash back rewards:

  • Amazon.com which includes
    • digital downloads
    • Amazon.com gift cards
    • Amazon Fresh orders
    • Amazon Local Deals
    • Amazon Prime subscriptions
    plus items sold by third party merchants through Amazon.com’s marketplace, made in-store at Amazon Go, Amazon Bookstore  and Amazon 4-Star.
  • Walmart.com which includes Grocery Pick Up and Instore Pick Up
  • Target.com with certain exclusions

Rare opportunity:  5% cash back on Amazon.com gift cards
and Walmart.com grocery pick up orders.

There is a $1,500 max spend for the 5% rebate program. Amounts over that get only 1% rewards, which limits the extra cash back to no more than $120 per quarter. But that can add up to a bonus of $480 for the first year.


New Account Incentives

  1. Get 0% financing on all your purchases for 14 months from the date of account opening to help spread out the bill for a large purchase, plus the rewards.
  2. For new account holders Discover matches cash back rebates at the end of your first year, that’s up to 10% cash back (limits apply).

Note: if the account is closed before 12 billing cycles complete, there will be no match.


How to redeem your rewards

  1. Statement credit no minimum amount to qualify
  2. Direct deposit to your bank account
  3. Use on purchases at Amazon.com
  4. Buy featured gift cards with $5 added to certain ones, e.g. a Dell $50 gift card can obtained with only $45 cash rewards
  5. Donate to participating charities

Discover it Credit Card Benefits

Get cash over your purchases, up to $120 per purchase every 24 hours, without ATM fees, at select retail locations, such as Food Lion, Harris Teeter, Walmart

  • 24/7 U.S. based customer service
  • Should you lose your card, you can freeze your account in seconds with an on/off switch with the Discover App on your smartphone or the discovercard website
  • $0 fraud liability guarantee on unknown purchases
  • Free monthly FICO scores to monitor your credit rating
  • Text alerts on account activity
  • Free Social Security number and new account alerts in case of unauthorized access
  • Automatic payments available so you never miss a payment
  • Paperless statement option
  • Year-end expense report and summary

The fine print (subject to change)

  • Annual fee: $0
  • No interest if balance paid in full with 25 days
  • Regular purchase APR 11.99% to 22.99%
  • Fee for balance transfer: 5% ($5 min)
  • Fee for cash advance: 5% ($10 min)
  • Fee for foreign transaction: 0%
  • Fee for late payment: $0 first time; $40 after that
  • Fee for returned payment: up to $40
  • Fee for going over credit limit: $0

 

HSBC Credit Card with Cash Rewards

HSBC credit card cash rewardsIntroductory Offer of 3% Cash Back for first 12 months.

HSBC credit card with Cash Rewards Mastercard® gives you 3% rewards on all eligible purchases for 12 months after opening account. This has a $10,000 limits, which means you receive up a $300 tax-free statement credit.

0% Introductory APR for 12 months means you pay no interest on your balance while earning rewards on eligible purchases. Reward points can be redeemed as direct deposits in linked HSBC checking or savings accounts. You can watch your savings grow, withdraw the accrued funds as real cash via ATM, or pay bills.

More rewards and account savings

  • 1.5% Cash rewards on eligible purchases made after the introductory period.
  • No Annual Fee
  • No Foreign Transaction Fees
  • Zero-interest for 25 days before payments are due for purchases paid in full after the promotional period.
  • Summary Of Terms for your reference as a pdf file.

Purchase and travel benefits

  • No fee for additional cards for authorized users
  • Extended Warranty doubles your original warranty up to 1 additional year.
  • Identity Theft Resolution Services provides one-on-one support in the event your identity is compromised.
  • MasterAssist® provides pre-trip planning assistance, help with lost luggage and more.
  • Master RoadAssist® Roadside Services provides help in the event your car breaks down while traveling in the U.S.
  • $1 Million Travel Accident Insurance.
  • Cellular Wireless Telephone Protection up to $600 per claim should your cellphone is stolen or damaged.
  • Free monthly FICO scores from Equifax (TRW and Experian credit scores may differ)
  • Security chip offers enhanced protection when used at chip-enabled terminals.
  • Fraud protection
  • Contactless payment feature provides fast, easy and safe checkouts with compatible Point Of Service (POS) terminals
  • Make mobile purchases using Android PayTM, Apple PayTM and Samsung Pay
  • Rewards and Benefits Brochure and Mastercard Guide to Benefits for HSBC Cash Rewards Mastercard (25 pages in pdf format)