Venmo launches new credit card

Venmo is expanding its card offerings beyond the Venmo Debit Card to now include the Venmo Credit Card. This marks Venmo’s first credit card, which is issued by Synchrony and backed by the Visa network. Designed for Venmo users, this card has a soft launch, first available to a random percentage of Venmo customers who’ve had a Venmo account for at least 30 days and who’ve been active in the last 12 months. If you’re selected, you will need to have the latest version of the Venmo app and your account needs to be in good standing. The card is expected to be available to more U.S. Venmo users in the upcoming months.