The Venmo Credit Card's appeal is that it does the category tracking for you: 3% back on your highest-spend eligible category each statement period and 2% on your second-highest, chosen automatically from eight buckets that cover transportation, travel, groceries, entertainment, dining and nightlife, bills and utilities, health and beauty, and gas. For anyone whose spending shifts month to month, that beats remembering which card to pull out, and it carries no annual fee and no foreign transaction fee. The tradeoff is the floor: everything outside your top two categories earns just 1%, so a flat 2% card will out-earn this one for most of your spending unless your budget is heavily concentrated. There is no signup bonus to sweeten the start, and the regular APR runs 18.74% to 30.74%, so this only works as a card you pay in full. Good as a low-effort second card, not as the one that carries your whole wallet.
Earn rates & credits
| Category | Rate |
|---|---|
Top spend category Automatically on your highest-spend eligible category each statement period (8 eligible: transportation, travel, groceries, entertainment, dining & nightlife, bills & utilities, health & beauty, gas). Drugstores here represents health & beauty; bills & utilities maps to utilities. Eligible: Transit, Travel, Groceries, Entertainment, Dining, Utilities, Drugstores, Gas | 3% |
2nd-highest spend category Automatically on your second-highest eligible category each statement period (same 8-category list). Eligible: Transit, Travel, Groceries, Entertainment, Dining, Utilities, Drugstores, Gas | 2% |
Everything Else | 1% |
Card details
Regular APR | 18.74%–30.74% variable |
Foreign transaction fee | None |