A credit card that rewards you for splitting the check
A new card gives cash back for dining, entertainment, and splitting expenses with friends.
The story
A writer tests the Venmo Credit Card by organizing a group dinner and Broadway show, highlighting its cash-back rewards for dining and entertainment, and the ability to split payments via Venmo for extra rewards.
Source: thepointsguy.com
Our reading
The Venmo Credit Card is designed for people who split the check and then split the cash back. It’s like a loyalty program for the person who always insists on calculating their share down to the penny, just to get a 1% bonus. The article’s author didn’t use the card, but that’s probably because they’re not the type to let a credit card dictate their social life—yet.
The card rewards you for doing things you already do, like splitting a dinner bill or buying a show ticket. It’s like a gym membership that gives you points for walking to the store. The extra 1% is only for people who use Venmo to settle up, which means the card is basically a marketing tool for Venmo, not a standalone financial product.
The article ends with the author suggesting that if you already use Venmo, this card might be for you. Which is a bit like saying, ‘If you already own a toaster, you might like this one that also makes coffee.’ The real question is, who needs a credit card that rewards them for being a good group planner, when the only thing they’re really planning is how to get more money back?
