Guide to the Verizon Visa® Card

The following post has been sponsored by our partner, Verizon. The analysis and opinions in the story are our own and may not reflect the views of Verizon. Learn more about our editorial policy

Verizon is one of the world’s leading providers of technology and communications, as well as a top source for voice, video and data services and solutions. Many of its customers love its broad 5G mobile network and large selection of devices, as well as its affordable phone plans – many of which come with unlimited talk, data and text.

That brings us to the Verizon Visa® Card, a consumer credit card that lets Verizon customers earn a percentage back on their spending in the form of Verizon Dollars. While a flat rate of 1% is offered on regular purchases, bonus Verizon Dollars are offered on grocery spending, gas, dining and Verizon purchases.

Verizon Dollars can be used on pretty much anything Verizon offers, ranging from an upgraded smartphone to new earphones or even your monthly wireless bill. If you’re a Verizon customer already and you want a new way to use everyday spending to your advantage, keep reading to learn more about this rewards credit card.

Details of the Verizon Visa® Card

Verizon Wireless account owners and managers on accounts with 10 lines or less are eligible to apply for the Verizon Visa® Card. When consumers open a Verizon Visa® Card, Verizon Dollars are offered in the following percentages:

• 4% on grocery store and gas purchases
• 3% on dining purchases, including takeout and delivery
• 2% on Verizon purchases (including monthly wireless bill)
• 1% on all other purchases everywhere Visa credit cards are accepted

New applicants are also eligible for a new cardholder offer worth up to $100 in promotional credit when they use the Verizon Visa® Card to pay their Verizon wireless bill each month over the first 24 months. Verizon customers who enroll in Verizon’s Auto Pay for the first time can also get up to $10 per month off each eligible account or line (up to 10 lines max on select plans). Keep in mind that, once again, customers have to pay their bill with their Verizon Visa® Card to be eligible for this discount.

There are no limits to the rewards you can earn, and you can redeem your Verizon Dollars for your wireless bill or anything in the Verizon store. This means you could start saving up your Verizon Dollars for the new iPhone 12 or an Apple Watch if you wanted, or you could splurge for smaller accessories like AirPods or a new bluetooth speaker.

Also, be aware that the Verizon Visa® Card comes with no annual fee and no foreign transaction fees.

No Annual Fee/No Foreign Transaction Fee – For New Accounts: Variable Purchase APRs are 21.74% or 25.74% for Verizon Visa Credit Card or 18.74%, 21.74% or 25.74% for Verizon Visa Signature Credit Card. APRs are accurate as of 2/1/21 and will vary with the market based on Prime Rates (as defined in your credit card agreement). Minimum Interest Charge is $2.

To learn more, see verizon.com/verizonvisacard for details.

How to apply for the Verizon Visa® Card

Consumers who are interested in opening the Verizon Visa® Card should head to verizon.com/verizonvisacard and follow the prompts to apply. If you already have a Verizon account, you can log into your online account management page and apply in minutes. If you’re not a Verizon customer, you can start the process by shopping among phones and plans.

If you live near a Verizon location, you may also be able to apply for the Verizon Visa® Card in the store.

Credit score requirements

The Verizon Visa® Card doesn’t list any specific credit requirements. However, you are most likely to be approved if you have very good or excellent credit.

How to use the Verizon Visa® Card

Once cardholders receive the Verizon Visa® Card, they can choose to use the physical credit card for purchases or add it to a mobile wallet for improved safety and security. Customers can additionally benefit from the following features and functionality:

Enjoy Visa Signature® benefits

The Verizon Visa® Card is issued by Synchrony Bank, and it may come in the form of a Visa Signature® Credit Card. This means the card could come with core benefits such as travel and emergency assistance services, rental car privileges, chauffeured car service, Visa Luxury Hotel Collection access, Troon Golf Rewards, Sonoma County Vintners and Visa Signature Concierge. Note: Depending on your creditworthiness, you may be approved for a different version of the card.

Verizon Dollars on your spending

The Verizon Visa® Card rewards you with Verizon Dollars for each dollar you spend, with bonus rewards offered in popular everyday categories like grocery spending, gas, dining and Verizon purchases. You can save up your Verizon Dollars for the new phone you’ve been wanting or for various accessories from major technology brands. You can even use your Verizon Dollars to cover your monthly wireless bill.

Score auto pay discounts

Verizon customers who carry the Verizon Visa® Card and enroll in Verizon’s Auto Pay for the first time can also get a $10 discount per month off each eligible account or line (up to 10 lines max on select plans). This benefit is huge since a family of four has the potential to save $40 per month off their Verizon wireless bill.

To be eligible for this discount, customers have to set up automatic bill payment with their Verizon Visa® Card. Auto pay discount is also for first-time automatic payment enrollees only.

Verizon app

Verizon’s mobile app lets customers track their Verizon Dollars in the Verizon Up Rewards center. The app also links to the Verizon Visa® Card itself, making it easy to view credit card spending, payment details and more.

How to redeem Verizon Visa® Card rewards

According to Verizon, Verizon Dollars will show up in each customer’s Verizon Up account in one to two credit card account billing cycles. If you were already a member of Verizon Up who earned Device Dollars, your rewards will be converted to Verizon Dollars, which can be used in several ways.

Once you have a stash of Verizon Dollars to spend, you can use the Verizon website or the mobile app to redeem through the Verizon Up Rewards center. Redemption options include, but are not limited to: smartphones, tablets, paying off a device payment agreement, eligible Verizon accessories, a down payment agreement for a new device or paying your Fios or wireless bill.

Verizon Dollars never expire, so you can use them as you go or save them up for a splurge.

Who should apply for the Verizon Visa® Card?

Verizon customers who spend a lot on wireless service and accessories should definitely consider the Verizon Visa® Card. After all, this card lets you earn Verizon Dollars good for various Verizon merchandise and your phone bill – and all with no annual fee.

The earning categories are very generous, and the new cardholder offer can help you pay less for wireless service when you pay your bill with your credit card and sign up for auto pay.

Tips for maximizing the Verizon Visa Card

Consumers who think the Verizon Visa® Card might be a good fit should try to maximize the benefits of this card. Here are some tips that can help:

• Sign up to automatically pay your bill with your Verizon Visa® Card, which will help you earn the new cardholder offer and help you secure the $10 monthly discount on your bill when you use auto pay.
• Pay your credit card balance in full each month so you don’t get stuck paying off your balance at the high variable APR.
• Pay attention to the Verizon Up program, which lets you access even more Verizon Dollars and other perks.
• Make sure you use your Verizon Visa® Card for all spending in bonus categories. This includes grocery store and gas purchases, dining purchases (including takeout and delivery) and Verizon purchases.

Bottom line

The Verizon Visa® Card is incredibly unique among rewards credit cards, and it can make a ton of sense for Verizon loyalists looking to earn Verizon Dollars they can use for a device upgrade, a new gadget or their monthly wireless bill. With no annual fee and lucrative earning categories, what’s not to love?