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Scanning it with your phone allows you to send them a money transfer or split a purchase with them through the app.
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#CASHBACK MOVIE PARENTS GUIDE CODE#
Each one comes with a unique QR code that's tied to the cardholder's Venmo account. If you ever lose your physical card, you can also freeze it through the app while you continue to use the digital for online purchases.Īs for the physical card itself, it's available in five different colors. Naturally, you can manage the card through Venmo, using the app to keep track of your purchases as well to pay off your balance.
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Among other things, you can put that cash towards your statement balance, transfer it to your bank account or send it to a friend to pay them back for something. The main perk of the card is a cashback rewards program that adapts as your spending habits change month to month.Įach month, you'll earn three percent cash back on your single highest spending category, two percent on your second highest and one percent on all other purchases, including payments you send to your friends with money from the card. The new piece of plastic is issued by Synchrony and backed by Visa. After an almost year-long wait, Venmo is ready to offer its first credit card to customers in the US.