The Venmo Credit Card earns 1-4% cashback on a Visa credit card with no annual fee, available in US Only.
Venmo is a US peer-to-peer payments app founded in 2009 by Andrew Kortina and Iqram Magdon-Ismail. It was acquired by Braintree in 2012, which was then acquired by PayPal in 2013, making Venmo a wholly owned PayPal subsidiary. PayPal added crypto buy, hold, and sell functionality to Venmo in 2021, expanding the app from purely fiat P2P payments into limited cryptocurrency services.
The Venmo Credit Card is a crypto credit card offered by Venmo (PayPal), available in US Only. It offers 1-4% cashback across 5 reward tiers, giving users the ability to earn higher rates as they increase their commitment. There is no annual fee to hold this card.
Best suited for spenders who want a true credit line rather than a pre-funded crypto debit card. It runs on the Visa network and requires full identity verification.
New to crypto cards? Read our complete buyer's guide to understand fees, rewards, and how to choose. Concerned about privacy? See our KYC vs non-KYC comparison. Compare more options in our best crypto cards in the US guide. See where it ranks among the best crypto credit cards.
| Tier | Rate | Requirement |
|---|---|---|
| All Other | 1% | All other purchases |
| Second Category (existing cardholders) | 2% | Legacy structure kept by existing cardholders: 2nd highest spend category each month. Not offered to new applicants |
| Top Category (existing cardholders) | 3% | Legacy structure kept by existing cardholders: highest spend category each month. Not offered to new applicants |
| Dining & Entertainment | 3% | Dining and entertainment purchases (including streaming), and online checkouts with Venmo |
| Split with a friend | 4% | Dining and entertainment purchases split with a friend on Venmo within 30 days of the purchase (3% plus a 1% split bonus) |
On $500/mo spend, the estimated monthly cost breakdown for Venmo Credit Card is: gas $0.00, conversion spread $0.00, flat transaction fees $0.00, and amortised card/tier fee $0.00, for a total drag of 0% of spend. After $5.00/mo cashback that nets a gain of about $5.00/mo ($60.00/yr). Venmo Credit Card tops up from a centralized balance, so there is no on-chain gas cost regardless of how often you reload. Figures are conservative estimates and vary with conditions.
Note: ⚠️ CRYPTO CASHBACK ONLY, Traditional credit card that auto-converts cash back to crypto (BTC, ETH, LTC, BCH). Does NOT use crypto for payments. REWARDS RESTRUCTURED (2026-10-01): Venmo's card and rewards pages now offer 3% on dining and entertainment (including streaming) and on online checkouts with Venmo, an extra 1% (4% total) on dining and entertainment split with a friend on Venmo within 30 days, and 1% on everything else. The earlier automatic top-category 3% and second-category 2% are gone for new applicants; deal coverage (Doctor of Credit, 25 Sep 2026) reports existing cardholders keep them for now. No annual fee. No conversion fee on monthly auto-purchase (spread applies). Issued by Synchrony Bank. Visa Signature.
Other crypto cards in the same region or category that may suit your spending profile:
The Venmo Credit Card is a crypto credit card offered by Venmo (PayPal). It is available in US Only and allows users to spend cryptocurrency at merchants worldwide.
The Venmo Credit Card offers 1-4% cashback. There are 5 tiers: All Other (1%), Second Category (existing cardholders) (2%), Top Category (existing cardholders) (3%), Dining & Entertainment (3%), Split with a friend (4%).
The Venmo Credit Card has an annual fee of $0. Additional fees: FX fee: 0%.
Yes. The Venmo Credit Card requires full identity verification (KYC): expect to submit a government-issued ID, and often proof of address, before the card is issued.
The Venmo Credit Card is available in US Only.
The Venmo Credit Card is a true credit card, meaning you can make purchases on credit rather than needing to pre-fund the card with cryptocurrency.
Yes, the Venmo Credit Card supports Apple Pay and Google Pay and Samsung Pay for contactless payments.
The Venmo Credit Card is issued by Synchrony Bank.
Want to see your annual earnings? Use the ROI Calculator to estimate net cashback at your spending level, or compare cards side by side.