Can You Use a Credit Card on Venmo? Explained

Can You Use a Credit Card on Venmo? Explained

Venmo is one of the most popular peer-to-peer payment apps that enables users to send or receive money through it making it a fast and secure way to send money to your loved ones. 

Over 40 million people are using the Venmo app to deal with their financial requirements whether paying someone on a special occasion or receiving from someone conveneinetly.

 

Being a Venmo user, you must be wondering if can i use a credit card on Venmo.

Well, read the post to learn more about it. 

 

Can You Use a Credit Card on Venmo

 

You must be excited to know can you Venmo with a credit card.

Luckily, you can.  You can use your credit card to make payments using the Venmo app. 

If you possess a cash-back credit card or a reward credit card, then making a payment using the Venmo app can maximize the amount of cashback you are earning.

While using a credit card on Venmo, to send or receive money, you have to pay a 3% fee to Venmo. 

Moreover, using your credit card to Venmo can help you minimize the requirement to get a signup bonus on a new credit card, which may be more than a 3% additional fee.


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