Published on May 10th, 2017 | by William Charles64
Venmo Increases Credit Card Limit To 8 From 6
Venmo allows you to add credit cards (and prepaid Visa/Mastercard/American Express) to make transfers to friends & family. You’re allowed to have six active cards at any one time. Previously you were allowed 6 cards over a 6 month rolling period as well, but this has been increased to 8 cards.
Venmo isn’t terribly exciting for manufactured spending or meeting minimum spend requirements due to the 3% fee for credit card payments but some people like to use it as a last stop resort (paying 3% fee isn’t something I encourage) and this is something that might be helpful for those people to know. If you’re paying a bill or rent/mortgage you’ll be better off using Plastiq instead.
Thanks to reader Logan C for pointing this out.