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Like other peer-to-peer (P2P) payment apps, Venmo makes it easy, quick, and safe to send money to businesses, family, or friends. Whether youre paying back your share of last nights dinner bill or sending money to a nephew on their birthday, “venmoing” someone lets you easily transfer cash from your bank account to theirs. When setting up an account with Venmo, you link and verify a bank account from which your digital payments will be sent.
But what if you don’t want funds to be drawn from your checking or high-yield savings account? With Venmo, it is possible to link payments to a credit card, including your favorite rewards credit card — but it may not be worth it.
Here’s what you need to know about using a credit card with Venmo, from fees to set-up and more.
Paying credit card bills can be a hassle. You’ve got to remember when they’re due write checks, buy stamps mail them out, and hope they arrive on time. Who has time for all that these days?
Luckily, technology has made paying bills faster and easier. There are apps like Venmo that make it easy to pay your credit card bill from your phone.
In this comprehensive guide we’ll cover everything you need to know about using Venmo to pay credit card bills. I’ll explain how it works the benefits, and even tips to make bill pay a breeze. Let’s dive in!
Overview of Paying Credit Cards with Venmo
Venmo is a popular peer-to-peer payment app owned by PayPal. It allows you to easily send and receive money with friends and family.
However, Venmo can also be used to pay your credit card bill. Here’s an overview of how it works:
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Link your credit card – Connect your Venmo account to the card you want to make payments towards.
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Pay bills: When your bill is due, open the Venmo app and send a payment.
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Use Venmo balance – Fund the payment using money already in your Venmo account.
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Set up autopay – Schedule recurring automatic payments each billing cycle.
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Get receipts – Venmo will email you confirmation receipts for every payment.
It’s a fast, easy way to pay your bills on-the-go. Venmo charges no fees for standard billing services, so it’s a budget-friendly option too.
Step-by-Step Guide to Paying Credit Cards with Venmo
Here are the simple steps to pay your credit card through Venmo:
1. Link Your Credit Card
First, you need to connect the card account you want to pay. Open Venmo and go to “Settings” then “Payment Methods”. Tap “Link a Card” and enter your credit card details to add it.
2. Open Your Credit Card Tab
In Venmo, select the “Credit Cards” tab at the bottom. This shows all your linked cards. Tap the one you want to make a payment towards.
3. Select “View and Pay”
On your card’s page, choose “View and Pay” next to your account balance. This will take you to the payment screen.
4. Enter Payment Details
Choose the amount to pay and select a payment method. You can use cash on hand, a linked bank account, or a debit card.
5. Review and Submit
Double check the payment details and then hit submit! The funds will instantly transfer to your credit card.
And that’s it – your bill is paid in just a few minutes! Venmo will email you a receipt confirming the payment was sent.
Setting Up Autopay for Automatic Payments
For even easier credit card payments, you can enable autopay through Venmo. Just follow these steps:
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In the Venmo app, tap your credit card and select “Manage Autopay”.
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Toggle autopay on and choose a payment method and date.
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Review the autopay settings and confirm to activate it.
Now your credit card bill will automatically be paid on schedule each billing cycle. One less thing to remember!
Key Benefits of Paying Bills with Venmo
Using Venmo to pay your credit card offers many advantages:
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Convenient – Make payments anytime, anywhere right from your phone.
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Fast – No waiting for checks to be delivered and processed.
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Secure – Venmo utilizes encryption to protect your information.
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Organized – All statements and payment history are stored in one place.
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Budget-friendly – Easily track spending and payments from your Venmo account.
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Accessible – Manage your account on-the-go from your mobile device.
Tips for Smooth Credit Card Payments with Venmo
Follow these tips when using Venmo to pay bills for the best experience:
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Check statements frequently so you know balances and due dates.
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Set payment reminders on your calendar so bills are never late.
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Pay a few days early in case of processing delays.
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Link multiple bank accounts as payment sources.
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Enable text alerts to get billing notifications.
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Use two-factor authentication for added security.
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Contact Venmo customer support if any issues come up.
Paying Non-Venmo Branded Credit Cards
The above steps work for paying a Venmo branded credit card directly through the app. But you can also use Venmo to pay other credit card brands too.
Here’s how to pay a non-Venmo credit card:
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Transfer money from your Venmo account to your linked bank account.
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Log into your credit card account and make a payment.
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Choose your bank account as the payment method.
While it involves a few extra steps, this allows you to use Venmo as an intermediary to pay any major credit card company.
Get Support for Any Billing Issues
Hopefully this guide covered everything you need to know about paying credit cards with Venmo! But if any problems come up, Venmo’s customer service team is available to help:
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Use in-app live chat for real-time support.
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Email them at help.venmo.com/contact for billing questions.
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Call 1-855-812-4430 to speak with a phone representative.
Don’t forget to reach out to your credit card issuer directly for account-specific concerns too.
Convenient Credit Card Payments with Venmo
As you can see, Venmo makes it incredibly easy to pay your credit card bill quickly and securely. With just a few taps in the app, you can take care of bills and avoid late fees.
So next time your statement comes due, consider ditching the stamps and envelopes. Pay smarter by using Venmo instead for a fast, streamlined payment experience!
Using a credit card on Venmo
First off, can you use a credit card on Venmo?
Yes, you can send payments with a credit card on Venmo, although it’s important to know the pros and cons of doing so beforehand.
Pros of using a credit card on Venmo:
The most sensible way to use a credit card on Venmo is when you are trying to meet minimum spending requirements in order to earn your credit card’s sign-up or welcome bonus.
Also, if you’re strapped for cash, you can use a credit card to pay someone over Venmo without risking overdrafting your checking account or keeping your friend waiting. Just remember to pay off your credit card as soon as possible to avoid paying a lot of interest and getting into debt. Doing so will also help boost your credit score.
Cons of using a credit card on Venmo:
On the other hand, there are drawbacks to using a credit card on Venmo: fees.
When using a credit card on Venmo, you’ll be charged a 3% fee when making a payment. No fee will be charged if using a debit card or bank account. So, even if you pay with a rewards credit card like a 2% back card, you will likely lose money on Venmo payments linked to credit cards.
Also, when sending payments to friends and families with a credit card over Venmo, your card issuer may code the transaction as a cash advance, resulting in more fees and a higher interest rate. You also won’t be able to transfer any Venmo balances onto your credit card.
Venmo may not recognize some cards. For example, Health Savings Account cards may be difficult to link to your Venmo account.
Remember that most peer-to-peer payment apps do not offer fraud or purchase protection as a credit card might. Moreover, the cash you keep in the app is usually not FDIC-insured. Readers should also be cautious of apps offers to take out Buy Now, Pay Later loans or to convert cash to Bitcoin.
A better option: Consider using Apple Cash; when linked to the Apple Card, Apple Cash charges no fee and gives you cash back.
Is it safe to use a credit card on Venmo?
Venmo is mostly safe — but with some important caveats. Like other peer-to-peer payment apps, Venmo is increasingly vulnerable to scammers, and customers have complained about how the company has handled these problems.
Venmo encrypts your account details, and the app also uses multi-factor authentication to confirm your identity. You can also set up a unique PIN code and/or use Touch ID to provide another layer of security to your account.
Just don’t fall for any of the most common scams on Venmo, and think twice before storing money with Venmo. Unlike banks, the Federal Deposit Insurance Corporation (FDIC) doesn’t protect money stored on payment apps.
The risk of scams has led to lawmakers calling for further protections for users.
In early August, Rep. Maxine Waters, D-CA, and Sens. Richard Blumenthal, D-CT, and Elizabeth Warren, D-MA, introduced a bill, the Protecting Consumers from Payment Scams Act, that would enact further protections for users in the face of scams. Its an update to the Electronic Fund Transfer Act (EFTA), which protects customers in cases of lost or stolen credit cards and was passed in 1978.
Actions are also happening on the state level. For example, earlier this year, New York state officials introduced the Financial App Security Act, which would require companies that offer peer-to-peer mobile payment services, like Venmo, to enact security measures designed to protect consumers from financial fraud and theft.
✅ Can You Use A Credit Card On Venmo
FAQ
Can I make a credit card payment with Venmo?
The different ways you can pay with Venmo include using your Venmo balance, a bank account, a debit card, or a credit card.
How much does Venmo charge for credit card payments?
Venmo charges between $0. 25 and $25 in fees for instant transfers and instant electronic funds withdrawals. The app charges three percent of the total sent when using a credit card.
Can I pay my bills with Venmo?
Similar to the Apple Card*, the Venmo Credit Card offers robust mobile app integration: You can use the Venmo app to track card activity, make bill payments, access a virtual card number and more.
Why can’t I pay my credit card with Venmo?
SOLUTION: If you don’t verify your bank accounts in the Venmo app under settings (the general app, not directly connected to the credit card) then the bank accounts wont show. But once they’re verified, the option to choose your bank to pay off your credit card balance works.
Can I pay other credit card bills with Venmo?
Accessible – Manage your account on-the-go from your mobile device. While the Venmo credit card links directly for easy payments, you can use Venmo to pay other credit card bills as well. Here’s how: Transfer funds from Venmo to your bank account. Log into your credit card account and make a payment. Select your bank account as the payment method.
How do I use my Venmo credit card account?
You can use your Venmo Credit Card account in a number of ways. You can use your virtual card number to buy things online, your physical card in stores and online, or your Venmo Credit Card as a payment method in the Venmo app. Your physical card number can be used in-person and online.
How are Venmo credit card payments funded?
However, it’s important to keep in mind that Venmo Credit Card payments are funded by a single payment method. If you don’t have enough money in your Venmo account, but want to use the money in your Venmo account to make a payment, you can make two separate payments toward the card.
How does the Venmo credit card work?
The card is automatically added as a payment method in your Venmo app for payments to friends and authorized merchants. Similar to other credit cards, the Venmo Credit Card is subject to Venmo’s standard 3% fee when used to make person-to-person payments. Person-to-person payments do not incur a cash advance fee.
Does Venmo recognize credit cards?
Venmo may not recognize some cards. For example, Health Savings Account cards may be difficult to link to your Venmo account. Remember that most peer-to-peer payment apps do not offer fraud or purchase protection as a credit card might. Moreover, the cash you keep in the app is usually not FDIC-insured.
Does Venmo credit card accept contactless payments?
The Venmo Credit Card supports contactless payments. Look for the contactless symbol anywhere Visa credit cards are accepted. When prompted for payment, simply tap your Venmo Credit Card on the payment reader to make your purchase. What’s the difference between my physical card number and my virtual card number?.
