Venmo launches its first credit card with scannable QR code and personalized cash-back rewards

Venmo is expanding its card offerings beyond the Venmo Debit Card to now include the Venmo Credit Card[1]. This marks Venmo’s first credit card, which is issued by Synchrony and backed by the Visa network[2].

“The card gives our customers the same unique Venmo experience they already know and love, in an intuitive, easy-to-use card and rewards program, that’s all seamlessly managed and controlled from the Venmo app,” Darrell Esch, SVP and GM at Venmo, said in the press release.

Designed for Venmo users, this card has a soft launch, first available to a random percentage of Venmo customers who’ve had a Venmo account for at least 30 days and who’ve been active in the last 12 months. If you’re selected, you will need to have the latest version of the Venmo app and your account needs to be in good standing. The card is expected to be available to more U.S. Venmo users in the upcoming months.

Venmo customers who are approved for this card can benefit from a cash-back program[3] tailored to the categories they spend the most in, plus easy account management from within the Venmo app.

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