NEW YORK—The Venmo Credit Card is rolling out to select customer with some features that make it especially appealing to younger users.
The new Venmo Visa card offers 3% cash back on eligible purchases, personalized rewards and tools to track and manage finances.
What makes the card potentially appealing to Venmo’s younger user base is how the card is directly integrated into the Venmo mobile app, Tech Crunch said.
Instead of offering a certain percentage in cash back rewards to all Venmo users by category, the new Venmo Card rewards system will be personalized. Users can earn rewards from eight spending categories. Users will earn 3% back on their top spending category, 2% from the second highest category, then 1% on all others, Tech Crunch said.