The Venmo Credit Card Now Pays Up to 4% Cash Back When You Split with Friends
Venmo, PayPal's peer-to-peer payments unit, launched a split-to-earn feature for the Venmo Credit Card offering up to 4% cash back on dining and entertainment purchases effective October 15. The structure layers an extra 1% when cardholders split purchases with friends in the Venmo app on top of an automatic 3% base rate, with no annual fee and daily cash-back deposits.
Key figures
- Cash back max
- 4%
- Venmo user count
- 100 million
- Split bonus cash back
- 1%
- Dining entertainment base cash back
- 3%
AI analysis
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