Venmo Credit Card vs Gemini Credit Card™
Key differences
- Gemini offers a $200 sign-up bonus after spending $3,000 in 90 days, while Venmo has no sign-up bonus.
- Venmo automatically tracks your spending and rewards your top category each month (3%/2%/1%), while Gemini uses fixed categories (4% gas/transit, 3% dining, 2% groceries, 1% everything else).
- Gemini rewards are instantly deposited in Bitcoin or 50+ other cryptos, while Venmo deposits cash back to your Venmo balance which you can optionally convert to Bitcoin, Ethereum, Litecoin, or Bitcoin Cash.
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Card Material
Standard plastic card with QR code design
Stainless steel card made from 75% recycled material.
Available colors:
Black
Silver
Rose Gold
Bitcoin Orange
Special editions:
The Bitcoin Credit Card™
Solana Edition
XRP Edition
Card Details
Card Type
Credit Card
Credit Card
Network
Visa
Mastercard® World Elite
Annual Fee
$0 – No annual fee
$0 - No annual fee
Rewards Details
Rewards Rate
Automatic category-based rewards
- 3% cash back on your highest spending category each month
- 2% cash back on your second-highest spending category
- 1% cash back on all other purchases
Categories are automatically determined based on your monthly spending patterns.
Category-based rewards:
- 4%: Gas, EV charging, transit, taxis & rideshares (on up to $300 in spending per month, then 1% back thereafter in that month)
- 3%: Dining
- 2%: Groceries
- 1%: All other purchases
Monthly cap: 4% category capped at $300 in spend per month. Spend cycle refreshes on the 1st of each calendar month.
Rewards Type
Cash back deposited to your Venmo balance. Can be converted to cryptocurrency (Bitcoin, Ethereum, Litecoin, or Bitcoin Cash) via the Cash Back to Crypto feature.
Bitcoin or 50+ other cryptocurrencies available on Gemini. Easily change the crypto you want to earn, as often as you want.
Sign-Up Bonus
None
None
Rewards Cap
No stated rewards cap
Monthly cap: 4% category (gas, EV, transit) is capped at $300 in spend per month. After reaching the cap, the rate drops to 1% for remaining purchases in that category for the month. Spend cycle refreshes on the 1st of each calendar month.
How Rewards Work
Cash back is automatically calculated and transferred to your Venmo balance at the end of each billing cycle. If you enable the auto-purchase crypto feature, rewards are automatically converted to your chosen cryptocurrency with no transaction fee (a conversion spread applies).
Rewards are instantly deposited into your Gemini account. In some rare cases, rewards are deposited when the transaction posts. Some exclusions apply to instant rewards. Subject to Rewards Program Terms.
Signing Up
Availability
USA only
USA only
Eligibility
Requirements: Must be 18+ years old, U.S. resident, and have an active Venmo account for at least 30 days. Subject to credit approval.
Available to: U.S. residents (subject to credit approval)
Credit requirement: Good to Excellent credit recommended
Credit Check
Yes – Credit approval required. Recommended for good to excellent credit.
Good to Excellent credit recommended
Using The Card
Foreign Transaction Fees
Yes – Foreign transaction fees apply
$0 - No foreign transaction fees
Restrictions
Note: Categories are automatically assigned based on merchant codes – some purchases may not fall into expected categories. Crypto purchases through Cash Back to Crypto include a conversion spread built into the exchange rate.
Some exclusions apply to instant rewards in which rewards are deposited when the transaction posts. Subject to Rewards Program Terms. 10% Vault Rewards are available on up to a limited value in spend per month and varies depending on the merchant offer.
APR
Regular APR
Variable APR based on creditworthiness (see terms for current rates)
18.74% - 34.74% Variable APR
Intro APR
None
N/A - No intro APR for purchases or balance transfers
Additional Info
Official Site
Referral Program
Venmo may offer periodic referral bonuses through the app
Referral program: Earn $50 in crypto for each referral and an extra $250 bonus each time you make 5 referrals. Up to 50 referrals per year (up to $5,000 total). This offer is only available for the Credit Card Referral Program and Terms Apply.
Launched
2020
October 2021
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