Debit Cards

Venmo Mastercard Debit Card Review

Get a complete overview of the Venmo Mastercard Debit Card, including what it is, how it works, and where to use it. Read on to learn more!

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Venmo Mastercard Debit Card: perfect for app lovers, and all scores are accepted

Venmo Mastercard Debit Card
Venmo Mastercard Debit Card full review. Source: Stealth Capitalist

Are you ready for our Venmo Mastercard Debit Card full review? This product is the latest payment option from mobile tech giant Venmo that allows users to access their funds anytime, anywhere.

card

Debit Card

Venmo Mastercard

Mobile Banking Wide acceptance

Cashback and no monthly fees!

You will be redirected to another website

With its fast processing time, no fees attached, and enhanced security features. So, the Venmo debit card could be a useful solution to pay for items quickly and easily. Keep Reading!

  • Credit Score: All Credit Score is accepted;
  • Annual Fee: None;
  • Regular APR: N/A;
  • Welcome bonus: None;
  • Rewards: Earn cash back (Terms apply).

How does the Venmo Mastercard Debit Card work?

The Venmo Mastercard Debit Card, featured in this review, is a great option for cash payments. After all, you can deposit the amount you want and make payments anywhere that accepts the Mastercard brand.

Also, with this card, you have no annual or monthly fees associated with it. However, it also does not have a welcome bonus, but it has free internal transfer services.

Venmo also allows you to make free withdrawals across the entire MoneyPass network. Finally, cardholders can earn cash back in their favorite stores.

This debit card is excellent for app lovers, as it is very practical and easy to make payments.

Venmo Mastercard Debit Card pros and cons

A bearded excited man is holding a credit card and his phone near a pink wall
Compare Venmo Mastercard Debit Card pros and cons. Source: Adobe Stock

Venmo recently launched their Venmo Mastercard Debit Card. This is a new product tailored to their user base of a mobile app for smartphones.

Moreover, this card offers many different pros for Venmo users, such as the ability to use it anywhere in the US that accepts Mastercard.

Additionally, Venmo has made it possible to apply and get approved quickly, all within the Venmo app.

Unfortunately, Venmo’s debit card also has some cons and limitations, such as being unable to use it for merchants or international trade. Furthermore, there is an associated fee for withdrawing from ATMs outside the MoneyPass network. Know more!

Pros

  • Allows use anywhere in the US that accepts the Mastercard brand, avoiding discomfort when using your balance;
  • It offers free withdrawals at specific ATMs, such as MoneyPass in the US;
  • An associated bank account may cover transactions that may be greater than your balance amount;
  • All types of credit are accepted;
  • Approval is quick, and the application takes place completely online;
  • Earn cash back while spending.

Cons

  • Does not allow use by merchants or in international trade, only within the territory;
  • There is an associated fee for withdrawing from ATMs outside the MoneyPass network;
  • Transactions that need extra value can wreak havoc on your overdraft.

Does my credit score need to be good?

This Venmo Mastercard Debit Card review highlighted this option’s main pros and cons. Therefore, you may have noticed that we also mentioned the necessary credit scores.

As it is a debit card, the Venmo Mastercard Debit Card does not require a credit score. Regardless of your score, you can apply and start using your card.

Want to apply for the Venmo Mastercard Debit Card?

If you’re looking for a convenient and secure way to make purchases online or in-store, then the Venmo Mastercard Debit Card is an excellent option.

card

Debit Card

Venmo Mastercard

Mobile Banking Wide acceptance

Cashback and no monthly fees!

You will be redirected to another website

Furthermore, this helpful guide will explain all the details of signing up for your own Venmo Mastercard Debit Card. Be sure to read on for everything you need to know about applying for this option!

Apply online

Applying for the Venmo Mastercard Debit Card is simple and takes just a few minutes. The first option is to perform it through the official Venmo website, by computer or mobile.

Therefore, you can select the debit card option when accessing the page. Then, you must fill in your personal data, such as name, address, and social security number.

Finally, the company may require you to send supporting documents to verify your identity. So, wait a few seconds, and the result comes out instantly.

Apply using the app

If you wish, you can also apply through the Venmo app. It is available for Android and iOS; you can download it through your mobile device’s app store.

In the official Venmo app, you can request a card. Therefore, just access the “Cards” tab and select the debit option to start the application.

Next, the company will ask you to confirm some personal information. In this regard, you must provide your social security number, name, and address. In addition, you must provide supporting documents.

It is important to note that you must be over 18 and a US citizen to open an account. Also, the card can only be used for purchases within the US.

Venmo Mastercard Debit Card vs. Juno Debit Card

Young beautiful woman using smartphone in a city. Smiling studen
Compare the options before deciding. Source: Adobe Stock

The Venmo Mastercard Debit Card is an interesting card option for cash purchases. After all, it is a simple card that solves the lives of those who only need to deposit and use their money daily.

However, you can also think of an alternative: the Juno Debit Card. With this card, you get up to 5% cashback, depending on the chosen plan. Also, there are no additional fees.

Check out the comparison of options below and draw your conclusions.

Venmo Mastercard Debit Card

  • Credit Score: All Credit Score is accepted;
  • Annual Fee: None;
  • Regular APR: N/A;
  • Welcome bonus: None;
  • Rewards: Earn cash back (Terms apply).

Juno Debit Card

  • Credit Score: N/A;
  • Annual Fee: $0;
  • Regular APR: N/A;
  • Welcome bonus: N/A;
  • Rewards: 5% cashback from five merchants of your choice, up to $500 each year, but the rewards depend on your chosen plan – basic or metal.
  • Terms apply.

The Juno Debit Card is an interesting alternative if you are looking for cashback. After all, he offers you up to 5% of your money back. So, check out our article below if you want to learn how to apply.

Juno Debit Card

Juno Debit Card full review

Juno Debit Card can be great for you who like to make money and still have rewards. Check out the features of this card.

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