Venmo Stash Rewards Program
Venmo today announced the launch of Venmo Stash, a new rewards program.
Venmo says that “the more customers interact with Venmo products, the more they can earn, with cash back going directly into their Venmo balance each month to spend however they choose.”
Here’s how Stash works:
- Stash customers choose from curated bundles of their favorite brands to earn up to 5% cash back on their Venmo Debit Card purchases from top retailers, on-demand services, and restaurants that match their lifestyle and spending habits.
- Stash starts with the Venmo Debit Mastercard , giving customers 1% cash back when they spend their balance. It’s easy and free to sign up for the Venmo Debit Card, and it can be used to spend and earn rewards within minutes when added to a mobile wallet, even before the physical card arrives.
- Rewards then grow to 2% cash back when customers turn on auto reloads. That keeps their balance replenished automatically, so they’re always ready to spend and earn without the hassle of manual transfers.
- Customers earn 5% cash back when they receive Direct Deposits on Venmo each month. That unlocks the maximum cash back, making every dollar they spend work harder for them. Requires $500 or more in Direct Deposits.
- Next year, Venmo Stash will expand to include more ways to get rewarded for the ways customers interact with Venmo, including when they pay with Venmo at its network of merchants nationwide.
Venmo Stash is now available to Venmo Debit Card customers. To learn more and enroll in Stash, visit venmo.com/stash-rewards and navigate to the card section of the Venmo app. Max $100 cash back per month.
