Starting Oct. 15, 2026, the Venmo Credit Card will have a new rewards structure. The changes include a higher maximum rate that’s achievable only if you meet certain requirements.
The new Venmo card earns the following rewards:
- Up to 4% cash back on dining and entertainment. Get 3% on eligible dining and entertainment purchases, then an extra 1% when you split the transaction and your friends pay you back in the Venmo app within 30 days of the purchase.
- 3% cash back on purchases made with Venmo.
- 1% cash back on all other purchases.
Earning 4% back on dining and entertainment on a no-annual-fee card is enticing, but there’s no guarantee that you’ll earn that rate on every purchase given the accompanying caveats.
The 3% rate is similarly contingent on paying with Venmo, a clear message that this new-look Venmo credit card wants to incentivize heavy Venmo use. Those who prefer another peer-to-peer payment app should pass on this card.
No more automatic customization
The Venmo Credit Card launched in 2020 with an automated, customizable 3%/2%/1% rewards system that didn't depend on making payments through Venmo. It previously earned:
- 3% cash back in your top spending category for the month from the following eight categories: groceries; dining; travel; gas; transportation; bills and utilities; health and beauty; and entertainment.
- 2% cash back in your second-highest spending category from one of the remaining seven categories.
- 1% cash back on all other purchases.
Existing Venmo cardholders may continue to earn rewards under the old structure, or they can opt to transition to the new framework in early 2027, according to a Venmo spokesperson. If they choose the latter, they will not need to re-apply to get the new card.
If you have the Venmo card but aren’t happy with the changes, you could consider other credit cards with customizable rewards, such as the Citi Strata℠ Card or the TD Cash Credit Card.
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