is verizon visa worth it

The Verizon Visa offers a solid rewards rate on everyday purchases and could help you save up for a new device or lower your monthly wireless bill. However, it won’t have much long-term value should you decide to switch carriers down the road. A number of other rewards credit cards offer comparable rewards rates and more flexible rewards.

Full Answer

Is the Verizon Visa card worth the annual fee?

No annual fee. Think of the Verizon Visa Card as a store card that, unlike traditional “closed-loop” cards, can be used to buy stuff well beyond the horizon of just Verizon. But, much like a traditional retail card, you can, with few exceptions, only use those earnings—”Verizon Dollars” in the card’s parlance, for discounts on Verizon stuff.

Is the Verizon Visa credit card a good credit card?

Although it’s got a solid earnings structure and comes with some money-saving perks, it’s hard to recommend the Verizon Visa Credit Card primarily because your rewards have such limited use. One exception to this might be as a starter credit card for someone who spends a good chunk of their budget on their wireless and Internet bills.

What rewards does the Verizon Visa card offer?

The Verizon Visa® Card, issued by Synchrony Bank, offers close-to-jaw-dropping rewards in common spending categories for a card with a $0 annual fee. They include 4% back on groceries and gas, 3% back at restaurants and 2% on Verizon purchases.

Can I get the Verizon Visa card as a non-customer?

The Verizon Visa® Card is available only to Verizon wireless customers. The rewards earned on the card are redeemable only with Verizon, so there'd be no point in getting it as a non-customer even if you could. How can I redeem the rewards on the Verizon Visa Card?

What are the benefits of having a Verizon credit card?

At a Glance No annual fee. No foreign transaction fees. Earn 4% on grocery store and gas purchases, 3% on dining purchases, including takeout, 2% on Verizon purchases and 1% on all other purchases. An Auto Pay discount of up to $10 a month per line on select plans.

Is there an annual fee for Verizon Visa card?

Available only for Verizon customers and issued by Synchrony Bank, the Verizon Visa® Card can score you savings on your phone bill every month. This no annual fee card offers an autopay discount, up to $100 in promotional credits, and up to 4% back on eligible purchases. However, there are a couple perks it's missing.

Does Verizon Visa report to credit bureaus?

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

What is the interest rate on Verizon Visa?

For New Accounts: Variable Purchase APRs are 23.24% or 27.24% for the Verizon Visa Credit Card or 20.24%, 23.24% or 27.24% for the Verizon Visa Signature Credit Card. APRs are accurate as of 7/01/2022 and will vary with the market based on Prime Rate (as defined in your credit card agreement).

How many credit cards should a person have?

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

What credit score is needed for Verizon wireless?

So if you're wondering what credit score you need to get approved for Verizon service, the answer is: around 600 to 650. However, if your credit score is even higher than that - around 700 or above - you may not have to pay a deposit at all.

Does financing a phone through Verizon build credit?

Financing or leasing through a wireless carrier will not help you build credit since they don't usually report activity to the three major credit reporting bureaus (Experian®, Equifax® and TransUnion®).

Is there a fee to pay Verizon bill with credit card?

The nation's largest wireless company is instituting a $2 "convenience charge" for those customers who make one-time bill payments using a debit or credit card, either online or by telephone.

Is Verizon credit card a soft pull?

Putting in an application for the Verizon Visa Card will result in a “hard pull” of your credit report.

How do I pay my Verizon Visa card bill?

You can pay your Verizon Credit Card:Online by signing in to your account or by paying as a guest.By calling (866) 313-9396 or the number on the back of your card.Via mail at the following address: Verizon Visa. PO BOX 530916. Atlanta, GA 30353-0916.

Is Verizon hard to get approved for?

Verizon Wireless has strict credit check requirements. Verizon checks the level of debt you are currently managing, charged-off/collections accounts, payment history and the limits on your credit accounts. If your credit score is lower than 650, you may have trouble getting approved or required to pay a large deposit.

Is Verizon credit card metal?

Yes, the Verizon Visa Card is metal.

What is the difference between Verizon Visa and Verizon Signature Visa?

When you compare Visa vs. Visa Signature, the biggest difference is that Visa Signature cards have more benefits. All Visa credit cards come with benefits such as rental car insurance, roadside dispatch and emergency card replacement.

How do I pay my Verizon Visa card?

You can pay your Verizon Credit Card:Online by signing in to your account or by paying as a guest.By calling (866) 313-9396 or the number on the back of your card.Via mail at the following address: Verizon Visa. PO BOX 530916. Atlanta, GA 30353-0916.

Is the Verizon Visa card metal?

Yes, the Verizon Visa Card is metal.

Does Verizon dollar expire?

Device Dollars are no longer available through Verizon Up. All Device Dollars, including those saved in your wallet, expired on 6/30/22 at midnight ET. Monthly Rewards are discontinued, in favor of more ways to get more.

What is a Verizon Visa card?

The Verizon Visa card, issued by Synchrony Bank, earn s rewards you can use to help offset the cost of wireless services and towards the purchase a phone or other Verizon merchandise.

How long has Alex been traveling?

Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Alex has since earned millions of travel points and miles, mainly through maximizing credit card sign-up bonuses and taking every opportunity to earn the most points possible on each dollar spent.

Does compensation affect credit card rating?

Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

Is The Card For You?

Although it’s got a solid earnings structure and comes with some money-saving perks, it’s hard to recommend the Verizon Visa Credit Card primarily because your rewards have such limited use. One exception to this might be as a starter credit card for someone who spends a good chunk of their budget on their wireless and Internet bills. But in most cases, you’ll be better off with a card that lets you use your earnings on a wider range of redemptions.

What is the annual fee for Verizon Visa?

The $0 annual fee Verizon Visa Credit Card, which debuted in June 2020, signals the telecom company’s entry into the payments business. Issued by Synchrony, the card offers elevated rewards in several categories with no spending cap. However you can only use those earnings towards a Verizon-related expense, making those unlimited earnings ...

What are the benefits of a Visa Signature card?

Those who qualify for the Signature version of the card will also have access to the Visa Signature benefits and perks including travel and emergency protections and insurances, discounts and special privileges at properties in the Visa Luxury Hotels collection, access to the Visa Signature concierge and more.

How many days can you use a TravelPass?

Get 2 single-day-use TravelPass days at the time of credit card account approval . One offer per credit card account per calendar year

What is Chase Ultimate Rewards?

Rewards comes as Chase Ultimate Rewards, a highly flexible currency that can be redeemed for cash back, travel, gift cards, merchandise or combined with rewards earned from a Chase Sapphire Preferred® Card Card or Chase Sapphire Reserve® card and transferred to one of Chase’s travel transfer partners.

What is the best cash back credit card?

If you want the most versatile reward of them all—plain old cash, then the no annual fee Citi Double Cash Card tops the Forbes Advisor list of best cash back credit cards. It offers a no hassle 2% cash back on all purchases—1% when purchases are made and another 1% when they’re paid off. You can use those earnings toward whatever you like whether it be a new phone, to pay down a wireless bill or something else entirely.

What are the benefits of Visa Luxury Hotel Collection?

Visa Luxury Hotel Collection: Get discounts and benefits such as complimentary breakfast and in-room dining credits during your stay

What happens if you cancel Verizon Wireless?

If you cancel your Verizon wireless service, you'll forfeit any unredeemed rewards you've earned on the card. Your card account can stay open — the card is issued by Synchrony bank, not by Verizon — but you won't earn any rewards.

How long do you have to cancel a Verizon Visa card?

If you cancel your Verizon Visa® Card account, you'll have 90 days to use any remaining Verizon Dollars earned on the card. After that, those Verizon Dollars will be forfeit. Your Verizon Up rewards account will remain open, though, and you'll hold onto any rewards earned from activities other than credit card spending.

How is NerdWallet rating determined?

NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account the type of card being reviewed (such as cash back, travel or balance transfer) and the card's rates, fees, rewards and other features.

Who is Paul Soucy?

Paul Soucy is the lead credit cards editor at NerdWallet. He has worked at USA Today and the Des Moines Register and has an MBA. Read more

What are Verizon Dollars?

The Verizon credit card will earn “Verizon Dollars” which can be used towards your monthly Verizon bills and purchases made at Verizon. If you no longer use Verizon as your phone or internet provider, you will be unable to use your Verizon Dollars

What credit score do you need to get a Verizon credit card?

By looking at the other credit cards provided by Synchrony, they typically have credit cards that are available to people with a credit score of 620 or higher. The chances of getting approved for the Verizon credit card are very high since the bar is pretty low. I don’t think anyone approves people for credit cards with a score lower than 620.

Why is Synchrony low benefits?

They offer low benefits because they aim for a wider audience. Synchrony is also known for issuing credit cards for Banana Republic, TJ Maxx, Old Navy, PayPal, Sam’s Club, Lowes and more. They even issue an Amazon.com store card which I wasn’t aware of until researching them.

Which credit card is best for low credit score?

The Verizon credit card is one of the best credit cards you can get with a low credit score. You get 4% back on supermarket and at gas stations which is really good because they sell gift cards at both of those places.

How many customers does Verizon have?

Verizon has 150 million customers in the United States! In addition to the $100 sign up bonus (over 24 months) they are also providing a $1,000,000 bonus for people who sign up between June 22 and June 25.

How much is Verizon's bonus?

Of course, that sounds great. The truth is that the bonus is a split pot of UP TO $1,000 Verizon dollars per customer. Realistically, this is the launch bonus: 1 1,000 customers sign up = $1000 Verizon Dollars 2 10,000 customers sign up = $100 Verizon Dollars 3 100,000 customers sign up = $10 Verizon Dollars 4 1,000,000 customers sign up = $1 Verizon Dollars 5 10,000,000 customers sign up = $0.10 Verizon Dollars

What happens if someone steals your gift card?

If someone steals the numbers on that gift card, the cash stored on the card is gone.

How do I check my Verizon Credit Card application status?

Applicants can check their Verizon Credit Card application status by calling (866) 313-9396. When you call, you'll need to provide your social security number or application reference number so that the issuer can match you to your application. It should only take a few minutes to find out whether your application is approved, denied, or pending. The issuer does not allow you to check your application status online.

How to check if my Verizon card is approved?

Applicants can check their Verizon Credit Card application status by calling (866) 313-9396. When you call, you’ll need to provide your social security number or application reference number so that the issuer can match you to your application. It should only take a few minutes to find out whether your application is approved, denied, or pending. The issuer does not allow you to check your application status online.

How long does it take to get a decision from a bank?

Typically, you’ll receive the issuer’s decision on your application within 15 business days. Many applicants are approved much sooner than that. If you haven’t heard back within a reasonable time frame, you can always call customer service to ask about the delay.

How to get the most value from a Verizon Visa card?

To get the most value from your Verizon Visa Signature Card, use it whenever you purchase gas or groceries, or dine out at restaurants. Also use it to pay your Verizon wireless bill. To show how your rewards can add up, consider this example.

How much is Verizon Visa discount?

Up to $10 off per Month on Each Eligible Account: As a Verizon Visa Signature Card holder, you qualify for a discount of $10 per month on each eligible account or line (up to a maximum of 10 lines) when you sign up for automatic payments. The discount is only available to first-time autopay enrollees.

What happens when you apply for a Verizon Visa card?

When you apply for a Verizon Visa Card, you’re automatically considered for the Verizon Visa Signature Card. If approved for the Verizon Visa Signature Card, you’ll get access to card benefits, including:

How much credit do you get with Verizon Visa?

You can qualify for up to $100 in billing credits.

How many days does a Verizon travel pass last?

Two TravelPass Days: When you’re approved for the Verizon Visa Signature Card, you get two TravelPass days. TravelPass lets you take your talk, text, and data plans with you to 185 countries without paying international fees. Depending on where your travels take you, two TravelPass days can be worth up to $20.

Which is the largest wireless carrier in the United States?

Verizon Communications is the largest wireless carrier in the United States in terms of the number of subscribers. If you’re a Verizon wireless customer with a monthly bill for 10 lines or less, the Verizon Visa Signature Card could be a useful addition to your wallet.

What is a visa concierge?

Visa Signature concierge: The Visa Signature concierge is available to help you make travel arrangements, secure dining reservations, or purchase gifts.