Last updated on February 26th, 2023
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Verizon Visa® Card
Verizon Visa® Card
- 26.99% or 30.99% variable based on the Prime Rate Regular Purchase APR
- 26.99% or 30.99% variable based on the Prime Rate Balance Transfer APR
- 29.99% variable based on the Prime Rate Cash Advance APR
At a Glance
The Verizon Visa® Card, issued by Synchrony Bank, is an enticing rewards credit card that earns up to 4% back and features an all-metal card design, no foreign transaction fees, and no annual fee. The card is only available to current Verizon and Fios customers.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- No annual fee
- No foreign transaction fees
- Earn 4% back on grocery store and gas purchase
- Earn 3% back on dining purchases, including takeout
- Earn 2% back on Verizon purchases
- Regular Purchase APR: 26.99% or 30.99% variable based on the Prime Rate
- Balance Transfer APR: 26.99% or 30.99% variable based on the Prime Rate
- Balance Transfer Transaction Fee: Either $5 or 5% of the amount of each balance transfer, whichever is greater
- Cash Advance APR: 29.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater
- Late Payment Penalty Fee: Up to $41
- Return Payment Penalty Fee: $30
- You already bundle your internet and phone services with Verizon
- You want a rewards card that earns Verizon Dollars and can help to save on those services or a new phone
- You want a metal card that provides a great first impression
- You do't want to pay an annual fee
Verizon Visa® Card Review
The Verizon Visa® Card is a cash back rewards card from Synchrony and leading cellular phone and internet provider Verizon. The card packs a lot of value for Verizon customers, who are the only ones eligible to apply for it.
How to Earn Rewards
While the Verizon Visa is only available to Verizon customers (including Fios customers), the reward categories in which the card earns offer everyday value – although there are special rewards for qualifying purchases. Verizon purchases earn 2% back, including cell phone purchases, tablet purchases, and select services.
The top cash back category with the card, however, is more in tune with everyday spending. The Verizon Card earns 4% back on gas station and grocery store purchases, which is a great feature for those who want to earn rewards on their weekly recurring charges. Equally enjoyable is the 3% back the card earns on dining and restaurant purchases, including takeout, with all other purchases earning 1% back.
How to Redeem Rewards
While the Verizon Visa Card earns cash back rewards, they aren’t cash back in the typical sense. Instead, cash back takes the form of Verizon Dollars. Verizon Dollars are the currency of the Verizon Up Rewards Program, with points applying towards purchases with Verizon, including new phones, tablets, services, and billing.
Redeeming Verizon Dollars is only available through the Verizon app, called My Verizon (available through Google Play and Apple App Store), at the moment, though Verizon may change redemption options in the future.
Rewards Dollars do not expire, but the same can’t be said for all Verizon Up Rewards. Monthly Rewards refresh with a new selection at the start of every month. Before redeeming, be sure to check the Verizon Up rewards program terms and conditions to ensure you get the value you expect from your award option.
Introductory Bonus Offer
New accounts with the Verizon Visa® Card can enjoy special savings when using their card to pay their Verizon Fios bill. Cardholders get up to a total of $100 in credit applied to your Verizon wireless bill over the first 24 months of opening a credit card account. This credit equates to $4.17 each month, which isn’t exceptional – but it beats having to pay that amount (so it’s something at least).
Other Card Features
The Verizon Card also provides a variety of other features for cardholders – both Verizon-specific and not. Chief among the Verizon perks are two free TravelPass day vouchers each year of card membership. TravelPass provides Verizon customers the ability to use domestic talk, text, and data in over 186 countries outside the U.S.
The card also benefits from no foreign transaction fees (in addition to no annual fee). This feature makes the Verizon Card a great companion on global travel – especially considering that Visa is the world’s leading payment network by total number of vendors that accept it.
Another cool feature of the Verizon Visa is the cool metal card design. The Verizon Card from Synchrony features a sleek black design and all-metal construction, giving the card weight and feel unlike most other no annual fee credit cards. In total, the Verizon Visa weighs in at around 17 grams, which is on par with much more exclusive cards, such as the American Express Gold Card.
Verizon Cardholders will also enjoy the visa benefits of either Visa Signature or Visa Platinum, depending on which card they qualify for. Visa Signature offers the greater array of perks and protections, however, including:
- Visa Signature Concierge
- Access to Visa Luxury Hotel Collection
- Travel Accident and Emergency Assistance
- Visa Zero Fraud Liability
- Rental Car Collision Damage Waiver
Should You Apply for the Verizon Visa® Card from Synchrony?
Is the Verizon Visa worth the hype? That depends on how many services you currently have with the company.
The card earns a very impressive 4% back on groceries and gas – plus 3% back on dining. However, the cash back rewards are converted into Verizon Up Dollars, which have almost zero value outside of Verizon device and service purchases. However, if you are a frequent user of the rewards program, having and using the card will surely boost your earning and redeeming capabilities.
Because of the reduced award options, the card only really makes sense for those who want to ensure they get the most Verizon bang for their buck. For those individuals, the Verizon Visa is an impressive card – and slick looking, to boot.