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I tend to leave a pretty decent amount of money in my Venmo account. I consider it my "play" money. Usually, I have my buddy use his reward credit card and I Ve
by brosky117 9y ago
I tend to leave a pretty decent amount of money in my Venmo account. I consider it my "play" money. Usually, I have my buddy use his reward credit card and I Venmo my part of the bill (mutually beneficial). Having a card would make things a lot simpler for me.
- ultimoo 9y agoInteresting, do you then always forfeit the credit card rewards to your friend? Everyone's situation is different but usually credit card points can be quiet valuable coming in at 3% to 5% of the swiped amount. (For example, $1000 spent on wining and dining over a month can equal approximately $20 to $50, depending on how you spend your reward points).
- brosky117 9y agoYup. That's the trade I guess :)
- astura 9y agoI wouldn't personally do this because Venmo isn't a bank and that money is not FDIC insured.