
Venmo's cashback rewards program offers a range of benefits to its users.
You can earn cash back on purchases made at participating merchants, including grocery stores, restaurants, and gas stations.
To be eligible for cash back rewards, you must have a Venmo account and make purchases with your Venmo debit card or through the Venmo app.
Cash back rewards are typically credited to your Venmo account within a few days of making a purchase, but this may vary depending on the merchant.
Cashback Basics
Offers are only available when they are present in the Offers section of your Venmo app, so be sure to check that regularly.
The cashback that you receive from completed, eligible transactions will never expire - these funds are placed in your Venmo account.
To ensure you don't miss out on a specific offer, it's best to check your Venmo app to make sure it's still available before making your purchase.
Earning Cash Back
You can earn a significant amount of cash back with the Venmo Credit Card, especially if you optimize your spending habits. The average American can earn around $371 within the first year.
To give you a better idea, here's a breakdown of how much cash back you would earn in each category:
- Groceries (3%): $155
- Gas (1%): $22
- Dining out (1%): $36
- Travel (1%): $22
- Utilities (2%): $97
- General purchases: $39
- Total: $371
Over a five-year period, cardholders could potentially earn $1,855, depending on their annual spending habits.
When Will I Receive Cashback?
You'll see an estimated cashback amount in your feed, but this amount won't be disbursed to your account until the charge is completed by the merchant.
Transactions typically complete within 1-5 days, but can take up to 30 days depending on the merchant.
Once the transaction is completed, any earned cashback will be automatically applied to your Venmo account.
Earning Cash Back
The Venmo Credit Card offers a cash back reward system that can be optimized to maximize earnings.
By selecting the right categories, cardholders can earn significant cash back rewards. For example, earning 3% cash back on groceries can add up to $155 per year.
If you spend $22,126 annually, you can earn a total of $371 in cash back rewards within the first year. This is based on a sample budget that includes six main categories: groceries, gas, dining out, travel, utilities, and general purchases.
Here's a breakdown of the estimated cash back rewards for each category:
- Groceries (3%): $155
- Gas (1%): $22
- Dining out (1%): $36
- Travel (1%): $22
- Utilities (2%): $97
- General purchases: $39
- Total: $371
Over a five-year period, cardholders could potentially earn $1,855 in cash back rewards, depending on their annual spending habits.
Rewards and Benefits
The Venmo Credit Card offers a range of rewards and benefits that make it a great choice for users.
You can easily split purchases with friends on Venmo in the Venmo app.
Earning cash back rewards on your purchases is a great way to save money.
Benefits and Rewards
The Venmo Credit Card offers a range of benefits and rewards that make it a great addition to your wallet.
You can easily split purchases with friends on the Venmo app, making it a convenient way to share expenses with others.

The card also earns cash back rewards on your purchases, giving you a percentage of your spending back in your pocket.
One of the standout features of the Venmo Credit Card is the ability to pay your bill using the money in your Venmo account, making it a seamless way to settle your balance.
The front of the card is printed with your personal Venmo QR code, which makes activation a snap and allows your friends to easily find your Venmo profile.
There's no annual fee for the Venmo Credit Card, making it a cost-effective option for those who want to earn rewards and benefits without breaking the bank.
Features like contactless payments and the ability to request a new virtual card number make the Venmo Credit Card even more useful and convenient to use.
PayPal Cashback
The PayPal Cashback Mastercard offers 3% cash back on PayPal purchases and 1.5% on all other purchases. This means you'll earn more rewards if you use PayPal frequently.
The cash back you earn goes directly into your PayPal account, making it easy to manage your rewards. No need to worry about redeeming points or certificates.
The PayPal Cashback Mastercard has no annual fee, so you won't have to pay extra just to use the card. This makes it a low-risk option for those who want to earn rewards without added costs.
If you use PayPal more than Venmo, the PayPal Cashback Mastercard might be the better choice. Similarly, if you use Venmo more, the Venmo Credit Card could be the way to go.
Using Your Rewards
You can redeem your Venmo Credit Card cash back rewards in a few ways. You can use it to make purchases, pay your credit card bill, or complete Venmo requests.
Your earned cash back will automatically reflect in your Venmo account at the end of each statement period. This makes it easy to keep track of your rewards without having to do any extra work.
You can also deposit your cash back directly into your bank account. This is a great option if you want to use your rewards for something other than making purchases on Venmo.
There's a bonus feature for Venmo cardholders interested in digital currency - you can redeem your cash back rewards to buy crypto. This is a unique feature that sets the Venmo Credit Card apart from other cash back rewards credit cards.
Tell Me About
The Venmo Credit Card is a great option for earning cash back rewards on your eligible purchases. You'll earn 3% on your top spend category.
To give you a better idea, let's break down the cash back rewards structure. Here's how it works:
Your cash back rewards will be automatically added to your Venmo account at the end of each statement period.
Payment Methods
Venmo offers a variety of payment methods to make it easy to send and receive money.
You can link your bank account, debit card, or credit card to your Venmo account, allowing you to fund your transactions and earn cashback rewards.
To earn cashback rewards, you need to link a qualifying card to your Venmo account, such as a Discover card.
Qualifying cards include the Discover it Cash Back card, which offers 5% cashback on various categories throughout the year.
To maximize your cashback rewards, make sure to link a card that offers the highest rewards rate for your spending habits.
The Discover it Cash Back card offers a flat 1% cashback on all purchases outside of the rotating categories, making it a great option for everyday spending.
Frequently Asked Questions
How do you get $50 on Venmo?
To earn a $50 referral reward on Venmo, you must be a Venmo Visa Credit Cardholder with a Venmo account in good standing and find the Refer a Friend offer in the Venmo app or other communication channels. This reward will be credited to your Venmo account if you meet the program's criteria.
Sources
- https://venmo.com/about/debitcard/
- https://help.venmo.com/hc/en-us/articles/360034178134-Venmo-Offers
- https://help.venmo.com/hc/en-us/articles/360056569913-Venmo-Credit-Card-FAQs
- https://help.venmo.com/hc/en-us/articles/4412678806675-Venmo-Credit-Card-Rewards-Program-Terms-and-Cash-Back-to-Crypto-Terms
- https://www.cnbc.com/select/venmo-credit-card-review/
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