First, take a look at our fees. Then hit “Next” to fill out your info, and you’ll be on your way to using Venmo.
If you have added money to your Venmo account using Direct Deposit or the cash a check feature or have bought or have received cryptocurrency with your Venmo account, your U.S. dollar Venmo account funds are eligible for FDIC pass-through insurance against bank failure up to applicable limits. Any cryptocurrencies you hold in your account are NOT eligible for FDIC pass-through insurance. FDIC insurance does not protect you against the failure of PayPal, Inc., which is the issuer of Venmo accounts.You may be offered credit any time after acquiring your Venmo account. Fees could apply. Contact Venmo by calling 1-855-812-4430, by mail to Venmo, 117 Barrow Street, New York, NY 10014, or visit venmo.com/contact-us.For general information about prepaid accounts, visit cfpb.gov/prepaid.If you have a complaint about a prepaid account, call the Consumer Financial Protection Bureau at 1-855-411-2372 or visit cfpb.gov/complaint.
Venmo Visa® and Venmo Visa® Signature Credit Card
Rates and fees table
Interest rates and interest charges | |
|---|---|
Annual Percentage Rate (APR) for Purchases | The APR for purchases is the prime rate plus (i) 11.99% for Account Type 1, or (ii) 20.99% for Account Type 2, or (iii) 23.99% for Account Type 3. Rates are determined when you open your account, based on your creditworthiness and other factors. APR will vary with the market based on the Prime Rate, as defined in the Venmo Visa Credit Card Account Agreement. |
APR for Cash Advances | The APR for cash advances is the prime rate plus 23.99%. |
Penalty APR and When it Applies | The Penalty APR is the prime rate plus 27.49%. This APR will vary with the market based on the Prime Rate, as defined in the Venmo Visa Credit Card Agreement. This APR may be applied to your account if you make a late payment. How Long Will the Penalty APR Apply?: If your APRs are increased for this reason, the Penalty APR may remain in effect indefinitely. See the Venmo Credit Card Account Agreement for more details. |
Paying Interest | Your due date is at least 23 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month. We will begin charging interest on cash advances on the transaction date. See the Venmo Credit Card Account Agreement for more details. |
Minimum Interest Charge | If you are charged interest, the charge will be no less than $2.00. |
Fees | |
|---|---|
Annual Fee | None |
Transaction Fees Cash Advances Foreign Transaction | Either $10.00 or 5% of the amount of each cash advance, whichever is greater. None |
Penalty Fees Late Payment Returned Payment | Up to $41.00 Up to $41.00 |
Other Fees Paper Statement Fee | $1.99 per month |
How We Will Calculate Your Balance | We use a method called “daily balance.” See the Venmo Credit Card Agreement for more details. |
The Venmo Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA, Inc. The information about the costs of the card described above is accurate as of June 27, 2024. This information may have changed after that date. To find out what may have changed, write to Synchrony Bank at P.O. Box 71735, Philadelphia, PA 19176-1735. The application and the credit card agreement will be governed by federal law, and to the extent state law applies, the laws of Utah. Subject to approval. Terms and conditions apply.
