Verizon Visa® Card

Verizon Visa® Card Review

This is a rewards credit card issued by Synchrony Bank. If you're wondering whether Verizon Visa® Card is the right card for you, read on.

Key Takeaways

• Generous reward rates. You will earn rewards in the form of Verizon Dollars: 4% on gas and grocery stores; 3% on dining purchases; 2% on Verizon purchases, and 1% on all other purchases everywhere Verizon Visa credit cards are accepted.
• $100 Statement Credit offer: Open a Verizon Visa Card account, get a $100 statement credit applied to your credit card bill – just make your first purchase using the card within the first 90 days.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 21.74% up to 28.74%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Good or better credit required. You will have low approval odds if your credit score is below 700.

Pros & Cons of Verizon Visa® Card

The Good

The Bad

Verizon customers who enroll in Verizon’s Auto Pay for the first time can get up to $10 per month off each eligible account or line, up to 12 lines max depending on plan. New cardholders can enroll using their card, which is the only credit card approved for the discount. *Please note: Auto pay discount is for first-time enrollees. You will earn rewards in the form of Verizon Dollars: 4% on gas and grocery stores; 3% on dining purchases; 2% on Verizon purchases, and 1% on all other purchases everywhere Verizon Visa credit cards are accepted. Card holders can use Verizon Dollars at our store - but they don’t have to. They can use them on travel, or to get gift cards from their favorite brands. They can even put them toward their wireless bill. No annual fee. No foreign transaction fee. Cardholders can earn rewards on their purchases. Verizon Visa® Card reports to multiple credit bureaus.

Only available to Verizon Wireless customers. Higher than average purchase APRs. You need good credit to qualify. Does not include many credit card benefits.

Verizon Visa® Card FAQ

Does Verizon Visa® Card have a cash back or rewards program?

Verizon Visa® Card is a rewards card.

Verizon Visa® Card Rewards

Minimum rewards rate	1x
Max rewards rate	4x
Annual rewards limit	N/A
Signup Bonus ($)	$100

What are the relevant APRs for Verizon Visa® Card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has higher than average regular APRs.

Verizon Visa® Card has a variable purchase APR that ranges from 21.74% up to 28.74%.

What are the fees for Verizon Visa® Card?

The following fees apply:

Verizon Visa® Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does Verizon Visa® Card report your account activity to credit bureaus?

Yes, Verizon Visa® Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for Verizon Visa® Card

When applying for the Verizon Visa Card navigate to the Verizon Visa Card landing page and click "Apply." Next, you will need to log in with your Verizon account to see if you are eligible to apply.