The Venmo Visa card is an interesting take on the typical 3/2/1 credit card structure. You automatically earn 3% cash back on your eligible top spend category, and 2% on the next highest. The category resets each month, so you can always get 3% cash back wherever you spend the most money. With 8 categories to earn from, most people can effectively use this credit card.
FEATURES AT A GLANCE
- No annual fee
- No foreign transaction fees
- 3% cash back on your top spending category for each month
- 2% cash back on your second-highest spending category for each month
- 1% cash back on everything else
Eligible spending categories:
- Transportation
- “Ground transportation such as rental cars, taxicabs, ride share merchants, limousines, bus lines and passenger railways. This category also includes tolls, parking meters and parking garage fees.”
- Travel
- “Airlines, hotels, motels and resorts. This category may include bed and breakfast establishments, resorts, cabins, cottages, hostels, timeshares, short-term property rentals less than 30 days in length, and local inns.“
- Grocery (including wholesale clubs)
- Entertainment
- “Movie theaters, theatrical and concert promoters, video rental and game stores, books and newsstands, amusement parks, music stores, and toy and hobby stores.”
- Dining and Nightlife (restaurants and bars)
- Bills and Utilities
- “Telecommunications, internet service providers, ongoing delivery of television/radio/streaming content on a subscription or fee basis, subscription products or services (such as magazine/newspaper subscriptions), electric or gas power, water supply, and refuse disposal or other utility services.”
- Health and Beauty
- “Drug stores and pharmacies… and cosmetic stores that sell beauty products. This category also includes sports and recreation facilities that require membership such as health clubs, tennis, golf and swimming clubs.”
- Gas
…
Review: Venmo VisaRead More »
