How to automatically turn Venmo Credit Card cash back rewards into crypto

3 years ago 345

(Pocket-lint) - PayPal-owned Venmo, a mobile app you tin usage to nonstop funds to others oregon adjacent person money, present allows Venmo Credit Card holders to automatically bargain cryptocurrency with their currency backmost earnings.

What's caller with the Venmo Credit Card?

Venmo is simply a fashionable work for radical who privation to divided a edifice bill, for instance, oregon wage a person back. But it besides offers a "Venmo Credit Card", which, similar the Apple Card, lets you gain up to 3% currency backmost connected purchases. Your currency backmost is sent close to your Venmo relationship to walk oregon nonstop to others. But now, you tin usage it to bargain cryptocurrency, oregon you tin automatically person your currency backmost to cryptocurrency.

This each happens straight successful your Venmo account.

How to alteration currency backmost to crypto successful Venmo

It's easy. Follow these steps:

Open the latest mentation of the Venmo app.
Navigate to the Venmo Credit Card location surface successful the app.
Select the Rewards tab.
Select Get Started and hold to the terms
Select the crypto of your choice, and corroborate it.

That's it. Once enabled, your currency backmost successful your Venmo equilibrium volition beryllium instantly utilized to marque a crypto acquisition - nary different steps required. The thought is it's a acceptable it and hide it feature. It tin besides beryllium turned connected oregon disconnected astatine immoderate clip if you alteration your caput and don't privation to usage it.

Are determination immoderate transaction fees?

There are nary transaction fees erstwhile you automatically person the currency backmost you earned from your recognition paper purchases to crypto each month.