Venmo Promotions: $10 Bonus, 1% – 5% Cash Back Offers (2024)

FAQs

How do I get a $10 bonus on Venmo? ›

To participate in the Venmo Referral Program, you must be a Venmo user with a valid Venmo account. You can then refer your friends by sharing your referral link or code with them. Your friends can then sign up for Venmo using your referral link or code and make a qualifying payment to receive their bonus.

With the Venmo Credit Card, you can shop by your own rules. Automatically earn 3% cash back on your eligible top spend category, 2% on the next, and 1% on all other eligible purchases.² All with no annual fee.³ No more tracking categories. No more monthly reward limits.

The Venmo Credit Card earns cash back* rewards on all of your eligible purchases. During each statement period, you will automatically: Earn 3% on your top spend category. Earn 2% on your second top spend category.

Venmo Rewards is now offering 5 percent cash back at Target, Sephora, Chevron and Papa Johns, and 4 percent cash back at Dunkin', Sam's Club and more for a limited time. Cash-back offers will be changed on an ongoing basis but users can always see where the deals are by using the Venmo app.

How it works: To qualify for the Reward, Eligible Participants must click through the Invitation link during the Offer Period (“Qualifying Transaction”). After completing the Qualifying Transaction, $5 USD cash will be sent to your Venmo account for you to use within 5 days but may take up to 2 weeks. (“Reward”).

The social payment app is widely used for things like splitting bills at restaurants or reimbursing others for a shared expense. But they have also become an easy target for consumer scams. Venmo's online help center warns users about fake prizes and cash rewards, calls from Venmo or payments from strangers.

Once sign up and the payment have been successfully completed, and verified by Venmo, $5.00 (Five) USD will be sent to Eligible Participant's Valid Account (“Reward”). Reward should be added to Eligible Participant's Valid Account within twenty-four (24) hours but may take up to fourteen (14) days.

Cash back is a form of credit card rewards you earn by making purchases with your credit card. You can redeem those rewards for statement credits, account deposits or purchases. In some cases, you can convert the cash back rewards into points and use them for other types of redemptions.

If you are a Venmo Visa® Credit Cardholder with a Venmo account in good standing, you can earn a $50 referral reward in your Venmo account through the referral program if the following criteria are met: You find the Refer a Friend offer presented to you in the Venmo app or other communication channel.

What is the $200 bonus on the Venmo card? ›

You'll get a higher 2% cash back rate on all purchases and you can earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. Plus, there's a 0% intro APR for 15 months from account opening on purchases and balance transfers. After that, a 20.24%, 25.24%, or 29.99% Variable APR applies.

For tax year 2024, the IRS will transition to a threshold of $5,000 with the $600 limit going into effect the following year, meaning that business transactions that surpass $600 will trigger the 1099-K form, which Venmo, Paypal, Cash App and others will create.

Get cash back with Venmo Rewards

Whenever you make an eligible purchase, your rewards are automatically deposited into your Venmo balance. Merchant offers are available for a limited time, and they can be viewed within the Venmo app.

Plus, for a limited time, when customers use PayPal or Venmo QR codes to pay at CVS locations across the country they can earn $10 cash backOpens in a new window on their first purchase of $20 or more².

Potential scams and hackers.

The biggest downside to using Venmo is the potential for your money to be stolen. If a hacker gains access to your Venmo, it's pretty easy to change the associated bank account – so the hacker could change the account to their own and transfer the money in your Venmo to their bank.

Referral Reward: The referral reward is $50 USD, sent to the Valid Venmo Account that qualified for the referral reward for each successful referral. Referral rewards should post to your Valid Venmo Account within approximately twenty-four (24) hours but may take up to two weeks.

Once sign up and the payment have been successfully completed, and verified by Venmo, $5.00 (Five) USD will be sent to Eligible Participant's Valid Account (“Reward”).