What the new Venmo Credit Card says about consumers

Yep, you read that right. New. Venmo. Credit. Card.

It’s a good reminder that your FinTech competitors aren’t just in the peer-to-peer payments business anymore. They’re issuing debit cards, credit cards and even loans in ways that are scarily appealing to consumers (especially up-and-coming Gen Z consumers).

So, let’s learn what the new Venmo credit card does and what it says about consumers. Then, your credit union or community bank will know what preferences to target.

What does the Venmo Credit Card do?

The Venmo Credit Card is a credit card with cash back and no annual fees. However, its cash back features are fairly unique.

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