Venmo Credit Card

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Venmo Credit Card scores 10 of 16 on the CBL Card Score. Venmo, Visa. Custodial; crypto held apart from PayPal Digital assets. Synchrony Bank, OCC-regulated, FDIC insured.

Health Check · checked 20 October 2026

Watch. Issued by Synchrony Bank, an OCC-regulated FDIC-insured bank, with crypto rewards held by a New York limited purpose trust company that states the assets are held apart from its corporate assets; Synchrony's 2014 CFPB consent order over card marketing was terminated on 12 May 2025, and PayPal's own regulatory record was not reviewed in this check (official, CFPB enforcement page; official, Cryptocurrency Terms).

CBL Card Score: 10 of 16

Criterion	Points	What we found	Source
Custody	1 of 2	Credit card, so no spending balance is held with Venmo. Cash back lands in the Venmo account as US dollars, and the optional Cash Back to Crypto setting uses it to buy a chosen crypto (official, help centre FAQ). The crypto is custodial: PayPal Digital "holds those Crypto Assets as your agent in one or more omnibus accounts," "You do not own any specific, identifiable, Crypto Asset," and "These Crypto Assets are held apart from PayPal Digital's corporate assets" (official, Cryptocurrency Terms, 19 May 2026). Not FDIC insured (official, Cash Back to Crypto Terms, 19 May 2026). Crypto can be sent to external wallets for a network fee (official, Cryptocurrency Terms and FAQ).	official checked 20 October 2026
Issuer and licence	2 of 2	Synchrony Bank, 170 Election Road, Suite 125, Draper, Utah (official, Synchrony terms, accurate as of 1 Jan 2026). FDIC certificate #27314, primary regulator OCC (third-party: DepositAccounts, data as of Q2 2026, checked 20 Oct 2026).	official checked 20 October 2026
Availability	0 of 2	US only. Applicants must be "at least 18 years old and reside in the US or its territories," with a Venmo account open for at least 30 days (official, venmo.com/about/creditcard, checked 20 Oct 2026). Applications open in the Venmo app (third-party: NerdWallet, 16 Oct 2026). Not offered in the EU, UK or Gulf.	official checked 20 October 2026
FX fee on a foreign-currency purchase	2 of 2	"We will not charge you a foreign transaction fee" (official, Synchrony terms and rates, accurate as of 1 Jan 2026). Card page says "No foreign transaction fee" (official).	official checked 20 October 2026
Funding cost	0 of 2	Annual fee "None" (official, Synchrony terms, 1 Jan 2026). No card cost. Cash back to crypto: "Purchases of Crypto Assets made through Cash Back to Crypto will not be charged Venmo's standard fee for buying cryptocurrencies," but "We make money and charge a spread when you buy and sell Crypto Assets, including purchases made through Cash Back to Crypto" (official, Cash Back to Crypto Terms, 19 May 2026). The spread is "an estimated spread of one percent (1.00%)" that can move with the market (official, Cryptocurrency Terms, 19 May 2026). Selling the crypto later carries Venmo's standard crypto fee (official). Cash back must reach $1.00 before a purchase runs (official). The crypto conversion is optional and the card itself costs nothing, but the stated conversion cost is a 1% spread, which the methodology scores at 0. Purchase APR 18.74%, 27.74% or 30.74% variable by account type; late fee up to $41 (official, Synchrony terms, 1 Jan 2026).	official checked 20 October 2026
Apple Pay and Google Pay	2 of 2	The card can be added to Apple Pay, Google Pay or Samsung Pay, "Not available on all devices" (official, venmo.com/about/creditcard, checked 20 Oct 2026).	official checked 20 October 2026
Freeze and dispute policy	2 of 2	"Temporarily disable card" toggle in the Cards tab of the app; lost or stolen cards are replaced in the app or by calling Synchrony on 855-878-6462, available 24 hours a day (official, help centre Venmo Credit Card Security, checked 20 Oct 2026). Billing-error rights under the Fair Credit Billing Act: report "within 60 days after the error appeared on your statement," written acknowledgement within 30 days, correction or explanation within 90 days (official, Synchrony terms and rates, 1 Jan 2026). Disputes are filed with Synchrony by phone (official, help centre).	official checked 20 October 2026
Yield on idle balance	1 of 2	No interest on the card. PYUSD held in Venmo earns a variable rewards rate, paid monthly in PYUSD, with a $1 minimum balance, no lock, opt-out at any time, "only available in the US (except New York)"; the rate is shown in the app and is not published on the help page (official, help centre PayPal USD rewards, checked 20 Oct 2026). No yield found on cash back held as US dollars or as BTC, ETH, LTC, BCH, SOL or LINK.	official checked 20 October 2026

Total 10 of 16. Official means the company's own site, terms or help centre. Third-party means a named review site with its own check date; a third-party fact is reported, not verified, and the score stands until an official source confirms or contradicts it.

Score history

20 October 2026

10 of 16

First score

Standing

Company	Venmo, a service of PayPal, Inc. (NMLS ID 910457) (official, venmo.com footer). "The Venmo Visa Credit Card is issued by Synchrony Bank pursuant to a license from Visa USA Inc." (official, venmo.com/about/creditcard, checked 20 Oct 2026). Crypto bought with cash back is held by PayPal Digital, Inc., "a New York Limited Purpose Trust Company doing business as PayPal Digital and Venmo Digital," with some custody, trading and transfer services performed by Paxos Trust Company, N.A. (official, Cryptocurrency Terms, 19 May 2026).
Network	Visa (official). official
Rails	Synchrony Bank issues the card and carries the credit; cash back is paid in US dollars to the Venmo account run by PayPal, Inc. (official). Any crypto bought with cash back is held by PayPal Digital, Inc., a New York limited purpose trust company, with Paxos Trust Company, N.A. performing some custody and trading services (official).
Website	venmo.com/about/creditcard
Health tag	Watch Issued by Synchrony Bank, an OCC-regulated FDIC-insured bank, with crypto rewards held by a New York limited purpose trust company that states the assets are held apart from its corporate assets; Synchrony's 2014 CFPB consent order over card marketing was terminated on 12 May 2025, and PayPal's own regulatory record was not reviewed in this check (official, CFPB enforcement page; official, Cryptocurrency Terms).
Last checked	20 October 2026

When it goes wrong

"Temporarily disable card" toggle in the Cards tab of the app; lost or stolen cards are replaced in the app or by calling Synchrony on 855-878-6462, available 24 hours a day (official, help centre Venmo Credit Card Security, checked 20 Oct 2026). Billing-error rights under the Fair Credit Billing Act: report "within 60 days after the error appeared on your statement," written acknowledgement within 30 days, correction or explanation within 90 days (official, Synchrony terms and rates, 1 Jan 2026). Disputes are filed with Synchrony by phone (official, help centre).

The dispute route, in order: the company's own support desk, then the card network's chargeback rules, then the regulator of the issuer where one is named. A frozen card is a question, not a verdict: the Frozen Account Survival Kit applies to cards too.

Costs

FX	"We will not charge you a foreign transaction fee" (official, Synchrony terms and rates, accurate as of 1 Jan 2026). Card page says "No foreign transaction fee" (official). official
Funding	Annual fee "None" (official, Synchrony terms, 1 Jan 2026). No card cost. Cash back to crypto: "Purchases of Crypto Assets made through Cash Back to Crypto will not be charged Venmo's standard fee for buying cryptocurrencies," but "We make money and charge a spread when you buy and sell Crypto Assets, including purchases made through Cash Back to Crypto" (official, Cash Back to Crypto Terms, 19 May 2026). The spread is "an estimated spread of one percent (1.00%)" that can move with the market (official, Cryptocurrency Terms, 19 May 2026). Selling the crypto later carries Venmo's standard crypto fee (official). Cash back must reach $1.00 before a purchase runs (official). The crypto conversion is optional and the card itself costs nothing, but the stated conversion cost is a 1% spread, which the methodology scores at 0. Purchase APR 18.74%, 27.74% or 30.74% variable by account type; late fee up to $41 (official, Synchrony terms, 1 Jan 2026). official
ATM	Cash advance fee of $10 or 5% of the amount, whichever is greater; cash advance APR 30.74% variable (official, Synchrony terms, 1 Jan 2026).
Tiers	One card, no tiers. Some accounts are issued as Visa Signature with extra travel benefits (official, card page).

Cashback, as of 20 Oct 2026

3% on dining and entertainment, including streaming; an extra 1% when the purchase is split with a friend on Venmo within 30 days; 3% when checking out with Venmo online or paying a business or a person for goods and services on Venmo; 1% on everything else (official, venmo.com/about/creditcard/rewards, checked 20 Oct 2026). No caps stated. Cards approved after 24 Sep 2026 pay cash back daily; earlier cards pay 1 to 3 days after the statement end (official, help centre FAQ). Cash Back to Crypto buys the chosen asset automatically, with Bitcoin, Ethereum, Litecoin and Bitcoin Cash named on the card page and Solana and Chainlink listed in the crypto FAQ (official).

Cashback is a dated fact, not part of the Card Score. Promo rates change too often to score.

Availability

US only. Applicants must be "at least 18 years old and reside in the US or its territories," with a Venmo account open for at least 30 days (official, venmo.com/about/creditcard, checked 20 Oct 2026). Applications open in the Venmo app (third-party: NerdWallet, 16 Oct 2026). Not offered in the EU, UK or Gulf. official

Identity checks: Venmo account in good standing for 30 days, US residence, age 18 or over, and a Synchrony credit application with a hard inquiry on approval (official, card page).

What we still need confirmed

Facts marked official come from Venmo's own pages or terms. Facts marked third-party are reported by a named review site and count as reported, not verified. These items are open for the next Monday sweep:

Whether the 1% estimated spread on Cash Back to Crypto should count as a conversion cost when the feature is optional and the card is free. Rescore funding to 2 if the editor scores the card on its own, or to 1 if the live spread is confirmed under 1%. open
Current PYUSD rewards rate in the app and whether PYUSD can be chosen as the Cash Back to Crypto asset. Rescore yield to 2 if a published no-lock rate applies to the asset the card pays into. open
US states where Venmo crypto is unavailable. open
Whether the Synchrony terms mention digital wallets in the unread final section. open
Health tag: Synchrony's 2014 CFPB consent order ($225 million in relief, $3.5 million penalty) was terminated in May 2025. Move to Solid if the editor accepts a terminated order as a clean record and PayPal's record checks out. open

Sources

See a mistake? Email hi@cryptobanklist.com. Every factual correction is logged on our corrections page.

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