Venmo launches physical credit card backed by Visa with a scannable QR code for contactless payments
- Available in five designs, the no-fee card comes with a QR code on the front
- The rewards program gives cash back on your most popular spending categories
- An RFID-enabled chip allows users to tap to pay for a contactless transaction
- Applications will be rolled out to Venmo users in the US in the coming months
Venmo, the popular digital payment app owned by PayPal, has launched its own physical credit card.
Issued by Synchrony Bank and powered by Visa, the no-fee card is available in five vibrant designs.
It comes with a unique QR code on the front and an RFID-enabled chip, so customers can tap to pay for a contact-free transaction.
A personalized cash-back program automatically rewards users in their most popular spending categories.
Applications for the Venmo credit card are now available for a limited number of users who have had an account for at least 30 days