Update 10/5/20: Card now live, more info here.
Digital payment company Venmo is gearing up to launch a co-branded credit card, it’s expected that they will partner with Synchrony for this deal (Venmo is owned by PayPal and Synchrony also issues the PayPal Extras Mastercard to this makes sense). At this stage it’s not clear what sort of benefits or rewards program will be offered on a Venmo card. Venmo is hoping the launch of this card will help them reach profitability, although that is a lofty goal with expected losses of $400 million for 2019.
