The Offer
No direct link to offer, sent out via e-mail. Subject line is unknown, please share in the comments
- Venmo is offering $40 back when you spend $40+ on the debit card
The Fine Print
- Eligible Participant: Open only to individuals who (1) have an existing U.S. Venmo account (“Valid Account”), (2) are residents of any one (1) of the fifty (50) United States or the District of Columbia, (3) are eighteen (18) years of age or older; (4) apply and are approved for the Venmo Mastercard® (“Card”) during the Offer Period (defined below) and (5) receive an email or view an in-app banner from Venmo inviting participation in the offer (eligibility for/those who receive the Rewards will be determined solely by Venmo) (“Eligible Participant”).
- “Eligible Purchase(s)”: Eligible purchase is defined as every purchase made using the Card and finalized by the merchant during the Offer Period (defined below). Eligible Purchases do not include: (1) purchases that are marked as “pending” in your Valid account as of the end of the Offer Period, (2) wire transfers or cash transfers or any transaction under MCC code 4829 (defined below) (3) ATM transactions, (4) gift card purchases, (5) any purchase or portion of a purchase that includes any payment method other than the Card, (6) manual cash disbursements from a customer financial institution as defined under MCC code 6010, (7) merchandise purchases at a Card financial institution location as defined under MCC code 6012, (8) quasi-cash transactions including travelers checks, money orders or cryptocurrency transactions, as defined under MCC code 6051, (9) purchases using the Card at novelty or souvenir shops as defined under MCC code 5947 or, (10) in-store cash withdrawals/cash back. Merchant Category Code (“MCC”) is assigned by each merchant, their processor, and the credit card networks. Venmo is not responsible for assignment of MCC codes.
- Offer Period: Begins on May 1, 2026, at 12:00:00 a.m. Pacific Time (“PT”) and ends June 30, 2026, at 11:59:59 p.m. PT. or upon reaching the maximum 8,750 redemptions available under this offer, whichever occurs first (“Offer Period”).
- “How to Earn”: Eligible Participants must; a) sign up for the Card, and b) make a $40 USD purchase(s) their new Card during the Offer Period (Eligible Purchase(s) (defined above). Upon completing both of those requirements, Eligible Participants will earn $40 USD per Valid Account (“Reward”). The Reward will be added to your Venmo account associated with the Card that qualified for the Reward and will be paid within fourteen (14) days after the Offer Period ends. There is a max of 8,750 Rewards available under this offer; Rewards will no longer be available once the limit is reached. There is a limit of one (1) Reward (maximum of $40 USD) per Valid Account.
Our Verdict
Seems like this is for Venmo users without the debit card already. No credit check for this product so basically just a free $40 as far as I know.
