If you’re a Verizon customer, then you should know about the Verizon Visa® Card. You wouldn’t think that a credit card co-branded with a major telecommunications company would be a heavy-hitter with rewards, but the Verizon Visa Card is a unique product designed specifically for Verizon customers. The card offers up to 4% back on everyday spending categories, plus a statement credit and discounts on your Verizon bill.
Rewards earnings come in the form of Verizon Dollars which can be redeemed anywhere in the Verizon ecosystem including Verizon Fios, Verizon 5G, Verizon Mobile and purchases for phones and accessories at Verizon retail stores. Additionally, you can apply your Verizon Dollars to your monthly bill.
Considering that the card offers all of this value to Verizon customers with no annual fee, it’s possible to use the Verizon Visa Card with no costs at all as long as you pay off the balance in full by the due date and avoid certain fee-bearing activity.± Here’s what to know about the Verizon Visa Card before you apply.
Verizon Visa Card Details
The Verizon Visa Card offers 4% back on grocery store and gas station purchases, 3% back on dining purchases, including eligible takeout and delivery services, 2% back on Verizon purchases and 1% back on all other purchases. Because these bonus rewards rates are among the best in their respective categories, cardholders can potentially earn enough Verizon Dollars to cover the cost of monthly internet or phone service.
|Rewards Earning||Bonus Categories|
|4% back||Grocery stores and gas stations|
|3% back||Dining purchases, including takeout and delivery|
|2% back||Verizon purchases|
|1% back||all other purchases|
Additionally, new cardholders will receive a $100 statement credit applied to your bill over the first 24 months with the card. Here are some other features to keep in mind:
- New enrollees to Verizon’s Auto Pay program can get up to $10 off each eligible line, up to 10 total, when they enroll with the Verizon Visa Card.
- There are no limits on how much you can earn and no expiration dates.
- No annual fee
See www.verizon.com/verizonvisacard for details.
To apply for the card, you must be a Verizon wireless customer and an account owner or account manager with 10 lines or less. Of course, if you weren’t a Verizon customer, the card wouldn’t carry much value for you because rewards can only be redeemed for Verizon purchases. That includes new phones, accessories or just about anything else you can find in a Verizon store. It also includes your monthly phone, internet or cable bill.
The card is issued by Synchrony Bank, which issues many retail credit cards. According to a 2020 study on credit card satisfaction by J.D. Power, Synchrony ranks No. 7 out of 11 national card issuers.
Is the Verizon Visa Card Right for You?
The Verizon Visa Card offers some impressive rewards rates, which will make it easy to quickly rack up Verizon Dollars for eligible redemptions.
Verizon customers will enjoy the accelerated rewards earnings in common household spending categories, no annual fee and the chance to pay down their monthly Verizon bill by simply paying for everyday purchases with the Verizon Visa Card.
On the flip side, you’ll have little flexibility when it’s time to redeem your rewards — most people don’t buy a new phone or even accessories with great frequency. However, one way to get a little more flexibility is to use your rewards to pay your monthly Verizon bill, and then use the cash you’ve earmarked for that expense on something else.
Before you apply for the card, though, take some time to consider other options that may give you more benefits in the form of a higher sign-up bonus and more flexible rewards. Consider your spending habits and other preferences to pick the right card for you.
± See www.verizon.com/verizonvisacard for details.