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.