![]() This is a great option for those looking to stay on top of their budget by reducing their cash outlay each month. You can also easily redeem your cash-back rewards towards your Venmo card statement balance when it comes due to reduce your overall bill each month. From there you can use it to pay for items, pay your friends, or withdraw into your bank account. The most obvious and straightforward way to redeem the cash-back from your Venmo card is to have that cash-back deposited into your Venmo account. ![]() How To Use Your Cash-Back for Max Value Add To Your Venmo Balance Tired of chasing down people to cover their half of the tickets you bought or dinner you paid for? Well, the Venmo card aims to solve that by including a QR code on the front that people can quickly scan and pay you through Venmo for their half of the purchase right as you make it, making for a seamless way to quickly split bills. The Venmo card also comes with 1 solid benefit that those who are always splitting purchases while out with their friends are sure to love. It goes without saying the target user of the Venmo card is someone who is already a fan of the Venmo app, uses it often, and is looking to start earning cash-back rewards on their purchases without paying an annual fee.įurther, if you’re someone who spends a relatively large amount each month on 1 or 2 of the 8 total Venmo spending categories, then the Venmo card could be a great fit for you as you’ll earn 3% and 2% back on purchases in your top 2 spend categories. ![]() You prefer a cash-back card that offers a set rewards rate for all purchases. ![]() You want a card that earns transferable or travel rewards.Your purchase patterns fall within 1 or more of the 8 spend categories.You want to earn cash-back with no annual fee. ![]()
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