Venmo Lifts $10,000 Cap On 3% & 2% Categories

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Venmo has sent out an e-mail to Synchrony Venmo cardholders informing them that there is no longer a $10,000 limit on spend on the 3% & 2% categories. The card has the following structure:

  • No annual fee
  • No sign up bonus
  • Card earns at the following rates:
    • 3% cash back on your Top Spend category
    • 2% cash back on your Second Top Spend category
    • 1% cash back on all other purchases
  • The following categories are eligible for ‘Top Spend’: Dining & Nightlife, Travel, Bills & Utilities, Health & Beauty, Grocery, Gas, Transportation, Entertainment

That makes this card significantly more interesting. I think some sort of cap will be readded if I’m perfectly honestly.

Hat tip to reader fearthez





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