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Verizon Wireless customers could benefit from the Verizon Visa® Card, issued by Synchrony Bank, which earns Verizon Dollars on eligible purchases. The card earns 4% back on groceries and gas, 3% back on dining and takeout, 2% back on Verizon purchases and 1% back on all other eligible purchases everywhere Visa credit cards are accepted. The card has a $0 annual fee and no foreign transaction fee. Card benefits include a $100 Verizon Wireless bill credit when you spend $1,000 in the first 90 days. You’ll also get interest-free financing for 12 months with equal payments on accessory purchases totaling $100 or more.
- Issuer NameSynchrony Bank
- Annual Fee$0
- APR26.24% or 30.24%
- Are a Verizon Wireless customer.
- Want to use rewards to lower your monthly wireless bill.
- Spend moderately on groceries, gas and dining.
With so many rewards cards available, the Verizon Visa® Card is best for those who want to reduce the cost of their monthly Verizon Wireless bill. In fact, the card even has an auto redeem feature that lets you apply your available Verizon Dollars automatically to lower your bill each month. If you’re someone who likes to have the latest cellphone on the market, you could instead save up your Verizon Dollars to help pay for your next phone upgrade.
Editor’s Take
If you’re a Verizon Wireless loyalist who is seeking some relief on your monthly bill, or who likes to splurge on the latest phone versions, this card can bring you some value – especially thanks to its bonus rewards on everyday spending. For example, say you already spend $400 per month on groceries. That could be $16 off of your monthly credit card bill if you use your Verizon card.
The card becomes less valuable if you would like to have rewards flexibility or cash back that you can request as a check or use as a statement credit. Though you can choose gift cards or book some travel through Verizon’s travel portal, those options are limited.
Dawn PapandreaContributor
The Verizon Visa® Card offers a $100 statement credit on your credit card bill when you spend $1,000 within the first 90 days of the account opening date. In addition, a promotional offer lets new cardholders earn 5% in rewards on up to their first $2,000 in purchases through March 31, 2024 (excluding their Verizon bill).
Use your Verizon Visa® Card for Verizon purchases to earn 2% back. You’ll also get 4% back on groceries and gas, and 3% back on dining and takeout. Rewards come in the form of Verizon Dollars, which can be used to make Verizon Wireless bill payments or Verizon purchases.
You can also use rewards to book travel, hotels and rental cars or buy merchant gift cards via your My Verizon account using the website or app. So there is some flexibility if you decide not to apply the earnings to your credit card bill.
Reward dollars don’t expire, but you’ll forfeit them if no purchases, bill payments or rewards redemptions are made within 24 consecutive months.
If earning Verizon Dollars is a top goal, use the Verizon Visa® Card for purchases in those top-earning categories, and then pair it with another rewards card that has a higher base rate across all purchases or rewards for other categories that you spend in.
U.S. News rates credit cards by analyzing factors including fees, interest rates and benefits, each weighed against their importance to determine an overall score for each credit card. Consumers can rely on these ratings to provide objective, accurate assessments of credit card choices.
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