The Venmo credit card has no annual fee and no signup bonus. New card earning rates:
- 3%: Dining, Entertainment, and Streaming and when you Pay With Venmo.
- 4%: extra 1% on Dining and Entertainment when you split the bill with a friend on Venmo and they pay you back for part of the bill.
- 1%: Everything else
The previous 3% category was your Top Spend category and the previous 2% category was your Second Spend category. Both of these are removed.
Existing cardholders are keeping the old structure for now.
Our Verdict
The additional possibility of 4% on Dining and Entertainment is nice. But this is basically a downgrade from what was previously a very doable 3% card on a large spend category of your choice. Hopefully the old structure lasts a while for existing cardholders who like it.
Hat tip to reader Apollo
