Signup for Venmo Credit Card & Get Double Rewards Through December (6% Back On Top Category)

Update 8/9/21: Can now sign up by August 15th. Hat tip to veeRob

(Update 6/9/21: added a direct link below. Also added $10,000 category limit, below.)

The Offer

Direct Link to offer

  • Apply for the Venmo credit card by July 31st and get double rewards through December 31st.

You’ll end up getting 6% on your top category, 4% on your second top category, and 2% everywhere else.

Card Details

  • No annual fee
  • No sign up bonus
  • Card typically earns at the following rates:
    • 3% cash back on your Top Spend category
    • 2% cash back on your Second Top Spend category
    • 1% cash back on all other purchases
  • 3% & 2% categories have an annual spend limit of $10,000, after that they earn 1% back
  • The following categories are eligible for ‘Top Spend’: Dining & Nightlife, Travel, Bills & Utilities, Health & Beauty, Grocery, Gas, Transportation, Entertainment

Our Verdict

Lots of people are seeing this offer – not sure if it’s showing for everyone in the Venmo app or it’s targeted to select users via email. The 2% everywhere isn’t very exciting, but 6% and 4% could be interesting, e.g. if you spend a lot on restaurants or grocery stores you can get 6% on that top category with no limit for almost 7 months with no apparent limit. (Update: there is always a $10,000 limit on the top category, and that limit will presumably be enforced for this doubling promo as well.)

As noted in the card details, only the following categories are eligible to get the Top Category rate: Dining & Nightlife, Travel, Bills & Utilities, Health & Beauty, Grocery, Gas, Transportation, Entertainment.

Hat tip to reader temp and wade

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Abby Normal
Abby Normal

This is gone for me and I’m now seeing $100 bonus to spend $1000 in three months.

AD
AD

I would assume/hope so, but has anyone received confirmation that medical bills qualify under “Health & Beauty”? The icon of a woman getting her hair styled doesn’t instill a lot of confidence in that.

AD
AD

https://www.synchronymastercard.com/gecrbterms/html/RewardsTerms.htm

Just drug stores and gym memberships. Lame. Though I guess there’s some MS to be done for people not in wastelands like me. :/

Dylan
Dylan

Can anyone report what limit they’re getting? Last time I had a credit card issued by synchrony they gave me a useless $300 limit. This was after I had cards with limits of $10,000+ and a 760 score so I don’t understand why they would give a creditworthy borrower such a Useless limit.

BBT
BBT

$7000

OST

Dylan just cycle it. I’m close to done.

Casey k
Casey k

$5000

DGS
DGS

$7500

veeRob

Looks like it got extended to August 15th.

OST

William Charles

From the fine print (https://www.synchronycredit.com/gecrbterms/html/RewardsTerms.htm):

“There is no minimum amount of Eligible Purchases required before earning Cash Rewards. There is no maximum amount of Eligible Purchases that may earn the 3% and 2% Cash Rewards the first year the Card Account is opened. For the twelve months beginning on the Statement Period following your Anniversary Date, any Eligible Purchases in your combined 2% and 3% Spend Categories exceeding $10,000 will earn 1% Cash Rewards. Thereafter, the $10,000 maximum spend limit for 3% and 2% Cash Rewards resets each year on your Anniversary Date (“Annual Spend”), not at the beginning of each calendar year.”

Seems like the $10000 limit only kicks in after the first year? Not sure if the terms for the increased 6% is also like this. They do say the 6% is in addition to the normal terms though so maybe unlimited 6% through 12/31/2021?

OST

Can anyone confirm the 6% cash back?

Caroline
Caroline

Did anyone get the 6% cash back ? I applied using the link in the email I got, but I only see 3% cash back on my purchase (in the app) 🙁
Did I miss something ?

Jeff
Jeff

Yeah. I called them about it, they said it’s a glitch and mistake that they’re working on. If anything, supposedly we’d get retro cash back after statement close. But it’s really frustrating.

Caroline
Caroline

Ok thank you for the update ! I sent them a message this morning but haven’t heard back yet. Hopefully we’ll get the 6% cashback !

hype8912
hype8912

Anyone know what credit agency it pulls?

info
info

applied yesterday, they pulled transunion. im in socal

STEVE G
STEVE G

Can report (after getting the regular offer for the last several months), today I just got the e-mail offer for the 6/4/2 deal. So they’re still dishing them out to people.

Jeff
Jeff

I applied under this promo and was approved, but not seeing any new info in my Venmo app or approved e-mail about the promotion being applied to my card. Everything except the original promo e-mail still says 3%/2%/1%. Anybody have a different experience?