Venmo Credit Card Review 2026
Reviewed by Mihail B. in · · how we verify
Algorithmic score, not user reviews: how it is calculated
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Fees and limits
| Issuance fee | Free |
|---|---|
| Annual fee | Free |
| FX fee | None: no foreign transaction fee |
| ATM limit | Cash advances at ATMs: fee $10 or 5%, whichever is greater, with interest from the transaction date |
| Spending limit | Based on creditworthiness |
Fees change; the current ones are in Venmo’s terms.
Features
- Welcome bonus: $100 bonus
- Cashback: Up to 4%
The fine print
- For cards approved after 24 September 2026 (Venmo help centre; PayPal's release of 5 October says from 15 October): 3% on dining and entertainment, including streaming, plus an extra 1% when the purchase is split with a Venmo friend within 30 days, so up to 4%
- 3% when checking out with Venmo online, paying a business on Venmo or paying for goods or services on Venmo
- 1% on all other purchases
- Cash back deposited daily with no limits on daily cash back
- Optional auto-purchase of crypto with the cash back
- KYC: Yes
- Card type: Virtual + Physical
- Top up with: USD credit line; optional crypto purchase via cashback
- Available countries: United States and its territories; the cash-back-to-crypto feature is not available in Hawaii
Who issues the Venmo Credit Card
The Venmo Credit Card is issued by Synchrony Bank, USA (federal savings bank) (Federal savings bank). The issuer is named in the source linked below. Issued under Visa licence. Synchrony explicitly disclaims the crypto-cashback programme: "Synchrony does not provide, recommend, or take responsibility for the cryptocurrency program."
Primary source · All cards issued by Synchrony Bank · Why the issuer matters
Pros and cons
Pros
- Cash back can auto-buy crypto without a crypto transaction fee
The fine print
- 3% on dining and entertainment, 4% when split with a Venmo friend, paid daily with no limit on daily cash back
- 3% when paying with Venmo
- No annual fee
- No foreign transaction fee
- Apple Pay, Google Pay and Samsung Pay
- Earn up to 4% cashback on eligible purchases
- No card issuance fee
- Welcome bonus: $100 bonus
Cons
- US only; requires credit approval; not a crypto card (traditional credit with crypto conversion feature); cryptocurrency spread on conversions
- No IBAN or bank-account features
Regional availability
Available in the United States
The Venmo Credit Card is for US residents: United States and its territories.
Banking and fiat rails
Card overview
If you came here expecting a self-custody crypto card, this isn't it. The Venmo Credit Card is a Visa Signature credit card issued by Synchrony Bank; the crypto angle is purely an optional auto-convert for the cashback. For cards opened from 15 October 2026, rewards pay 3% on dining and entertainment, including streaming, plus another 1% when you split the purchase with a Venmo friend within 30 days, so up to 4%; 3% when you check out with Venmo online or pay a business on Venmo; and 1% on everything else, deposited daily. Venmo's pages do not say what accounts opened earlier now earn.
No annual fee. Standard credit check at application. You need to be 18, US resident, and have a Venmo account open at least 30 days. Turn on Cash Back to Crypto and the cashback auto-purchases BTC, ETH, LTC, or BCH inside your Venmo wallet at no transaction fee, but the conversion spread baked into the exchange rate is how Venmo earns on the feature.
They disclose it; it's still there. USA only. The crypto-cashback feature excludes Hawaii. There is no IBAN or SEPA, and foreign residents cannot apply.
Crypto bought inside Venmo stays inside Venmo's custody, so this isn't a self-custody product in any meaningful sense. Worth it for US users who spend heavily on dining and entertainment or pay through Venmo, and want to compound rewards into a passive crypto position.
- Wrong card if
- you wanted self-custody, on-chain top-ups, or a card you can get without living in the US
Common questions about the Venmo Credit Card
We do not collect user reviews. Answers come from the card terms, the issuer disclosure and the regulator registers we could reach, rechecked on the Data verified date above.
