Venmo Card Signup Bonus, Earn Double Rewards (6% for Top Category) for 3 Months

Venmo Card Signup Bonus, Earn Double Rewards for 3 Months

Venmo has sent out emails to customers with an offer to sign up for the Venmo credit card and earn double rewards. The card earns 3% cash back on the category in which you spend the most, 2% back on the second-highest category and 1% back on all other purchases. This signup bonus doubles everything, so now you can earn as much as 6% on one category. Eligible categories include grocery, dining and nightlife, travel, gas, bills and utilities, and more. Read more about the card here.

Update: Offer extended through December 31, 2021. Once approved, you will earn double cash back for the first three months. There’s no cap mentioned, but it is likely limited to $10,000. That’s the annual limit on the 3% and 2% bonus categories. (HT: r/churning)

Offer

Double up your rewards with a special bonus. Now through December 31st, earn 6% cash back on your eligible top spend category, 4% on the next, and 2% on all other purchases. After the bonus period ends, earn up to 3% cash back every month. Apply now through August 15 to be eligible for the double cash back bonus.

Offer Page

Card Details

Earn:
- 3% (6% during promo) cash back on the category in which you spend the most
  - grocery
  - dining and nightlife
  - travel
  - gas
  - transportation
  - bills and utilities
  - health and beauty
  - entertainment.
- 2% (4% during promo) back on the second-highest category
- 1% (2% during promo) back on all other purchases:
  - In the Spend Category “Other.”
  - In a Spend Category other than the Top Spend and the Second Top Spend Categories.
  - When using your Card Account to send money to other Venmo users through your Venmo account.
  - That exceed, in whole or in part, the annual spend limit of $10,000 in your combined 3% and 2% Spend Categories beginning the first Statement Period following your Anniversary Date.
No Annual Fee
Temporary account number upon approval

Guru’s Wrap-up

This could be an interesting bonus for those who have lots of spend in one of the eligible categories. You have almost 7 months to take advantage of the double earning rates. Your cash back rewards will be automatically added to your Venmo account at the end of each statement period. You can use your rewards to pay your credit card bill, send money to Venmo friends, or treat yourself.