Verizon’s New Visa Credit Card Offers Big Rewards
Hello Friends! Are you in the market for a new credit card? If so, Verizon has recently launched its own Visa credit card that offers some pretty nice rewards. However, like with any credit card, there are some catches that you need to know about. Let’s take a closer look at what this new credit card has to offer.
Benefits and Rewards
The Verizon Visa credit card offers some pretty nice rewards to its cardholders. You can earn up to 4% cashback in the following categories:
- Gas and Groceries – 4%
- Dining and Food Delivery – 3%
- Lodging and Resorts – 2%
- All Other Purchases – 1%
That’s a pretty good deal if you use your credit card often in these categories. However, these rewards come with some restrictions that you need to be aware of.
Restrictions and Catches
First and foremost, to qualify for the 4% cashback reward on gas and groceries, you must be enrolled in Verizon Up, which is Verizon’s rewards program. Additionally, you can only earn rewards on the first $8,000 you spend in these categories each year. After you hit this spending cap, you will only earn 1% cashback.
Furthermore, the 3% cashback reward on dining and food delivery only applies to eligible merchants, which are determined by the credit card issuer, Synchrony Bank. So, you may not be eligible for this reward at all of your favorite restaurants.
Aside from the rewards that the Verizon Visa credit card offers, there are some other benefits to having this credit card. For example, you will automatically receive cell phone insurance coverage of up to $600 per claim if you use your credit card to pay your monthly Verizon bill.
Additionally, the card has no annual fee and you can redeem your rewards as soon as you earn them. You can redeem your rewards for statement credits, Verizon purchases, or as cash back.
Should You Get This Credit Card?
So, is the Verizon Visa credit card worth applying for? Well, that depends on your spending habits and how you plan to use the rewards. If you spend a lot of money on gas, groceries, and dining, then this credit card could be a great option for you.
However, if you already have a credit card with better rewards in these categories, then it may not be worth switching to the Verizon Visa credit card.
The Verizon Visa credit card offers some nice rewards for its cardholders. However, there are some catches that you need to be aware of before applying for this credit card. Be sure to read the terms and conditions carefully and weigh the pros and cons before making a decision.
Thank you for reading and we hope this article has been helpful. See you in our next article!
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