Verizon, one of the largest telecommunications companies in the world, recently released a new credit card: the Verizon Visa Card.
As a customer of Verizon, it may seem like a no-brainer to sign up for this card – but is it worth it? In this review, we’ll take a closer look at the perks and drawbacks of using the Verizon Visa Card, and help you decide if it’s a good choice for your wallet.
So without further ado, let’s dive into our comprehensive Verizon credit card review.
1. Introduction: Overview of the Verizon Credit Card
The Verizon Credit Card is a new addition to the credit card market that signals Verizon's entry into the payments business. Issued by Synchrony, the Verizon Visa Card offers impressive rewards value and money-saving perks, including a $0 annual fee and monthly discounts on purchases. The rewards program is straightforward, allowing cardholders to earn 2% cash back on Verizon purchases and 1% on all other purchases. Additionally, Verizon customers benefit from the Auto Pay discount on their wireless bill payments. Overall, this credit card is an excellent option for those who are loyal to Verizon and want to earn rewards on their purchases while saving money at the same time.
2. Rewards Structure: Explanation of the rewards program
The Verizon Credit Card's rewards program is a major draw for potential cardholders. The structure is straightforward and aligns with the shift in consumer spending since the pandemic. Cardholders earn 4% on grocery store and gas purchases, 3% on dining (including takeout), 2% on Verizon purchases (including your monthly bill), and 1% on all other purchases. Plus, it offers a high rewards rate on select spending categories for Verizon customers. The rewards come in the form of Verizon Dollars, which can be used towards purchases with Verizon. This is a competitive rewards program for a no annual fee card with no foreign transaction fees. Overall, the Verizon Credit Card is a solid choice for those looking to earn rewards on their everyday purchases.
3. Money-saving Perks: Benefits of the card for Verizon customers
The Verizon Visa Credit Card offers many money-saving perks, especially for Verizon customers. Cardholders can save up to $10 on each unlimited plan purchased with the card. In addition, the reward structure allows for earning up to 4% on purchases in the form of Verizon Dollars. This includes 4% back on gas and grocery store purchases, 3% back on dining, and 2% back on Verizon purchases. There is also no annual fee for the card, making it an affordable option for those looking to save money on their purchases. Overall, the Verizon Visa Credit Card offers a great way for Verizon customers to earn rewards and save money on their everyday purchases.
4. Annual Fee: Details on the $0 annual fee
The Verizon Credit Card offers a $0 annual fee, making it an attractive option for those looking to save money. Cardholders can enjoy a range of benefits, including the ability to earn up to 4% cashback on select spending. Furthermore, the card offers an autopay discount and up to $100 in promotional credits, making it an excellent choice for Verizon Wireless customers. With no foreign transaction fees, it's also a great option for those who frequently shop or travel overseas. Overall, the card's benefits make it a solid choice for anyone looking to save money on their credit card expenses.
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5. Reviews and Ratings: Analysis of customer opinions and ratings
According to community reviews, the Verizon Credit Card is mostly not recommended due to issues with customer service and user experience. However, for those who are eligible and looking to save on their Verizon bills, the rewards program and money-saving perks might make the card worth considering. The rewards structure offers a high rate on select spending, with options to use rewards towards Verizon bills or merchandise. Additionally, the card has no annual fee. Overall, while it may not be the top-rated rewards card, the Verizon Credit Card could be a good fit for those who are loyal Verizon customers with high grocery spending.