You can not only apply for the card in the app but also view your spending activity, track. It also varies a bit from bank to bank, i know a lot of the big banks do typically consider Venmo to be a cash advance, but chase bank for example does not. Venmo Credit Card is a Visa card issued by Synchrony Bank. they have a lot of info, but downvote what they consider bad questions and tend to gatekeeep information a bit. if you do post in r/churning, take a few moments before posting to get to know the sub and how they like things posted. You can always try to double check in r/creditcards and r/churning to see if anyone has any more recent data points on the matter. So it seems likely that CITI does charge cash advance fees for Venmo/classifies venmo as a cash advance. Rep was pointing the finger at Venmo but this seems like a money grab by the banks, which, during the middle of a pandemic, is a souless thing to do. Just got off the phone with Citi to complain about 2 cash advance fees of $10 each for Venmo payments to friends and was able to get one of them waived. The NYT article suggests that Citi does charge a fee if it’s categorized as Money TransferĪnd in the comments of the article were several people saying basically the same experience happened to them, below is just one of their comments I personally dont have any CITI cards so i can not speak from experience, but i found This page from DOC that said the following Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.
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