Venmo Releases Credit Card

Photo: Venmo The PayPal -owned mobile-payment service Venmo announced the release of its new credit card, which is issued by Synchrony Bank and powered by Visa . Available to users of the Venmo application who apply for a card, the new product will eventually roll out to all users of the technology throughout the United States. The card can be managed directly through the Venmo application and boasts many incentives for users. The card offers automatic cash back on all purchases and uses an intelligent rewards system for personalized incentives based on a customer’s individual spending habits. No annual fee or foreign-transaction fees are applied to the card. Its mobile-first experience allows cardholders to manage the card and spending directly within the mobile application with real-time alerts to closely monitor transactions. “We’re excited to introduce the Venmo credit card, giving our community a new kind of mobile-first credit card backed by Visa that only Venmo and Synchrony can provide,” said Darrell Esch, senior vice president and general manager at Venmo. “The card gives our customers the same unique Venmo experience they already know and love in an intuitive, easy-to-use card and rewards program that’s all seamlessly managed and controlled […]

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