Venmo, the popular app-based payment service owned by PayPal, launched its debit Venmo Card in the summer of 2018. The card allows users to use their Venmo balance to make purchases outside of the ...

offering a simpler way to optimize rewards. But the sign-up bonus is a bit of a moving target, and you must use the Venmo app to get the card.

So, even if you pay with a rewards credit card like a 2% back card, you will likely lose money on Venmo payments linked to credit cards. Also, when sending payments to friends and families with a ...