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Verizon Visa® Card Review: Monthly Savings and Big Rewards for Verizon Customers

Review Updated
Lyle Daly
By: Lyle Daly

Our Credit Cards Expert

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.

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. Read our full Verizon Visa® Card review to see if you should apply.

Ratings Methodology

Verizon Visa® Card

Verizon Visa® Card
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Credit Score: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.
Recommended Credit Score required for this offer is: Good/Excellent (670-850)
Credit Score Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Good/Excellent (670-850)

Intro APR

Purchases: N/A

Balance Transfers: N/A

Regular APR

18.74% - 25.74%

Rewards Circle with letter I in it. Card holders earn 4% on grocery store & gas purchases. 3% on dining purchases, including takeout and delivery. 2% on Verizon purchases. 1% on all other eligible purchases

1% - 4%

Annual Fee

$0

Welcome Offer Circle with letter I in it. Open a new Verizon Visa Card account by 1/04/20221. Make purchases of $500 or more within the first 30 days of opening an account. You will receive a $100 Verizon Visa Card statement credit within 2-3 billing cycles from offer end date. Get up to $100 in credit applied to your Verizon wireless bill over the first 24 months when you use the card to pay your Verizon bill every month.

Up to $200 credit

  • A good and obvious fit for Verizon customers, but this card also packs in a robust rewards program, particularly for groceries and dining rewards.

    • Purchase rewards
    • Autopay discount
    • No annual fee
    • Promotional credits
    • Lengthy introductory offer
    • No 0% intro APR
    • No cellphone protection
    • Card holders earn 4% on grocery store & gas purchases
    • 3% on dining purchases, including takeout and delivery
    • 2% on Verizon purchases
    • 1% on all other purchases everywhere Visa® credit cards are accepted
    • Plus, card holders can get up to $10 per month off each eligible account or line when they use the card to enroll in Verizon's Auto Pay, up to 10 lines max on select plans. Please note: Auto pay discount is for first-time enrollees.
    • Use the Verizon Visa® Card everywhere it's accepted to earn Verizon Dollars rewards that can be redeemed for the best things at Verizon. No limits on earning, no expiration dates.
    • Redeem Verizon Dollars on that phone you've been wanting. Or those headphones. Or pretty much anything in our store. Or even put the rewards toward your Verizon bill.
    • Card holders can use Verizon Dollars at our store - but they don’t have to. They can use them on travel, or to get gift cards from their favorite brands. They can even put them toward their wireless bill.
    • Apply for the card with no annual fee and worth its weight in rewards. Exclusively offered to Verizon customers.
    • To learn more visit www.verizon.com/verizonvisacard
    • No Annual Fee/No Foreign Transaction Fee - For New Accounts: Variable Purchase APRs are 21.74% or 25.74% for Verizon Visa Cred Card or 18.74%, 21.74% or 25.74% for Verizon Visa Signature Credit Card. APRs are accurate as of 1/1/21 and will vary with the market based on Prime Rates (as defined in your credit card agreement). Minimum Interest Charge is $2.

Full Verizon Visa® Card review

This credit card is a good fit for: Verizon customers who want to pay less for wireless service. Those who have high spending on groceries, gas, and dining will do especially well thanks to this card's generous bonus categories.

Top perks

Verizon has included several benefits for customers who get its credit card.

Earn up to 4% back

The Verizon Visa® Card earns:

  • 4% on grocery store and gas purchases
  • 3% on dining purchases, including takeout
  • 2% on Verizon purchases
  • 1% on all other purchases

Those bonus rates are some of the best on the market, especially among no annual fee credit cards. There aren't many cards offering 4% on groceries or gas, much less both. You'll earn plenty of extra rewards on everyday purchases with this card.

Since this is a Verizon credit card, it earns Verizon Dollars. You can redeem your Verizon Dollars toward purchases with the carrier, including your monthly phone bill. They're not quite as versatile as cash back, but since you need a Verizon account to get this card, you shouldn't have any trouble using your rewards.

Read more: Best Gas and Groceries Credit Cards

Up to $10 per line monthly discount with autopay

When you sign up for autopay and paperless billing with Verizon, you can receive a discount of up to $10 per month on each Verizon Wireless line. The discount amount depends on the type of Verizon plan you have.

Eligible payment methods for autopay are:

  • A Verizon Visa® Card
  • A debit card
  • A bank account

If you want to get a Verizon autopay discount, the Verizon Visa® Card is the only credit card that's accepted as a payment method. That alone could make the card worth getting, because you can use it to get that discount and earn rewards on your monthly bill with Verizon.

No annual fee

You won't have any extra costs if you add the Verizon Visa® Card to your wallet. Since it's a no annual fee card, it's great for anyone looking to keep costs down.

Up to $200 in promotional credits

New cardholders can receive up to $200 in promotional credits when paying a Verizon Wireless bill or a Verizon Fios bill with the Verizon Visa® Card or with Verizon Dollars.

The promo credit is applied to your bill over a period of 24 months, equaling a credit of $4.17 per bill. It starts one to two billing cycles after approval for the Verizon credit card, and the credit applies if bill payment requirements are met for the billing cycle.

This is one of the more unique new cardholder offers, as the card issuer doles it out in small increments over a period of two years.

Two free TravelPass days per year

If you're on an eligible Verizon Wireless plan, you receive two single-day-use TravelPass days per calendar year. You get your first two upon approval for the Verizon Visa® Card, and after that, you get two more on the first calendar day of each year your credit card account is open. TravelPass days are valid for the year they are issued.

TravelPass lets you use your domestic talk, text, and data in more than 185 countries outside the United States. This benefit normally costs $5 per day in Mexico and Canada and $10 per day in other countries where TravelPass can be used. Based on that, two free TravelPass days per year can save you $10 to $20, assuming you use them.

No foreign transaction fee

Some credit cards charge a 3% foreign transaction fee, but the Verizon Visa® Card isn't one of them. Foreign transactions don't have this additional charge. Between that and the two TravelPass days per year, a Verizon card can help frequent travelers save money.

Read more: Best No Foreign Transaction Fee Credit Cards

Alternatives to consider

If you want a better introductory offer: The Bank of America® Travel Rewards credit card has a generous welcome bonus offer, unlimited rewards, and a rarity in the travel category, an intro APR offer.

If you want a high rewards rate across all categories: The Wells Fargo Active Cash® Card earns 2% cash rewards on purchases. That's the highest flat-rate cash back we've found, making this card a winner for earning competitive rewards.

Read more: Best Credit Cards for Dining and Restaurants

As of Apr. 16, 2024
Image for
Image for
Image for

Verizon Visa® Card

 Bank of America® Travel Rewards credit card Wells Fargo Active Cash® Card
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 4.00 out of 5 stars.
4.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Rating image, 5.00 out of 5 stars.
5.00/5 Circle with letter I in it. Our ratings are based on a 5 star scale. 5 stars equals Best. 4 stars equals Excellent. 3 stars equals Good. 2 stars equals Fair. 1 star equals Poor. We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
 = Best
= Excellent
= Good
= Fair
= Poor
Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Credit Rating Requirement: Circle with letter I in it. Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions.

Recommended Credit Score required for this offer is: Good/Excellent (670-850)

Good/Excellent (670-850)

Welcome Offer: Circle with letter I in it. Open a new Verizon Visa Card account by 1/04/20221. Make purchases of $500 or more within the first 30 days of opening an account. You will receive a $100 Verizon Visa Card statement credit within 2-3 billing cycles from offer end date. Get up to $100 in credit applied to your Verizon wireless bill over the first 24 months when you use the card to pay your Verizon bill every month.

Up to $200 credit

Welcome Offer: Circle with letter I in it. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases

25,000 points

Welcome Offer: Circle with letter I in it. Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.

$200 cash rewards

Rewards Program: Circle with letter I in it. Card holders earn 4% on grocery store & gas purchases. 3% on dining purchases, including takeout and delivery. 2% on Verizon purchases. 1% on all other eligible purchases

1% - 4%

Rewards Program:

1.5 points per dollar

Rewards Program: Circle with letter I in it. Earn unlimited 2% cash rewards on purchases.

2% cash rewards

Intro APR:

Purchases: N/A

Balance Transfers: N/A

Intro APR: Circle with letter I in it. 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. Balance transfers include a fee of 3% for 60 days from account opening, then 4%.

Purchases: 0% Intro APR for 15 billing cycles for purchases

Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days

Intro APR: Circle with letter I in it. 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers

Purchases: 0% intro APR, 15 months from account opening

Balance Transfers: 0% intro APR, 15 months from account opening on qualifying balance transfers

Regular APR:

18.74% - 25.74%

Regular APR:

18.24% - 28.24% (Variable)

Regular APR:

20.24%, 25.24%, or 29.99% Variable APR

Annual Fee:

$0

Annual Fee:

$0

Annual Fee: Circle with letter I in it. N/A

$0

Highlights:

  • Card holders earn 4% on grocery store & gas purchases
  • 3% on dining purchases, including takeout and delivery
  • 2% on Verizon purchases
  • 1% on all other purchases everywhere Visa® credit cards are accepted
  • Plus, card holders can get up to $10 per month off each eligible account or line when they use the card to enroll in Verizon's Auto Pay, up to 10 lines max on select plans. Please note: Auto pay discount is for first-time enrollees.
  • Use the Verizon Visa® Card everywhere it's accepted to earn Verizon Dollars rewards that can be redeemed for the best things at Verizon. No limits on earning, no expiration dates.
  • Redeem Verizon Dollars on that phone you've been wanting. Or those headphones. Or pretty much anything in our store. Or even put the rewards toward your Verizon bill.
  • Card holders can use Verizon Dollars at our store - but they don’t have to. They can use them on travel, or to get gift cards from their favorite brands. They can even put them toward their wireless bill.
  • Apply for the card with no annual fee and worth its weight in rewards. Exclusively offered to Verizon customers.
  • To learn more visit www.verizon.com/verizonvisacard
  • No Annual Fee/No Foreign Transaction Fee - For New Accounts: Variable Purchase APRs are 21.74% or 25.74% for Verizon Visa Cred Card or 18.74%, 21.74% or 25.74% for Verizon Visa Signature Credit Card. APRs are accurate as of 1/1/21 and will vary with the market based on Prime Rates (as defined in your credit card agreement). Minimum Interest Charge is $2.

Highlights:

  • Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire as long as your account remains open.
  • 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases.
  • Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions.
  • Redeem points for a statement credit to pay for travel or dining purchases, such as flights, hotel stays, car and vacation rentals, baggage fees, and also at restaurants including takeout.
  • 0% Intro APR for 15 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the Intro APR offer ends, a Variable APR that’s currently 18.24% - 28.24% will apply. A 3% Intro balance transfer fee will apply for the first 60 days your account is open. After the Intro balance transfer fee offer ends, the fee for future balance transfers is 4%.
  • If you're a Bank of America Preferred Rewards® member, you can earn 25%-75% more points on every purchase. That means instead of earning an unlimited 1.5 points for every $1, you could earn 1.87-2.62 points for every $1 you spend on purchases.
  • Contactless Cards - The security of a chip card, with the convenience of a tap.
  • This online only offer may not be available if you leave this page or if you visit a Bank of America financial center. You can take advantage of this offer when you apply now.

Highlights:

  • Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
  • Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
  • Earn unlimited 2% cash rewards on purchases.
  • 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers. 20.24%, 25.24%, or 29.99% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
  • $0 annual fee.
  • No categories to track or remember and cash rewards don’t expire as long as your account remains open.
  • Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
  • Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Apply Now for Bank of America® Travel Rewards credit card

On Bank of America's Secure Website.

Apply Now for Wells Fargo Active Cash® Card

On Wells Fargo's Secure Website.

Rates & Fees External Link Icon

Show More Arrow graphic to expand and collapse content Show Less Arrow graphic to expand and collapse content

What could be improved

While it doesn't have any huge flaws, the Verizon Visa® Card could be better in a few areas.

Lengthy introductory offer

The promotional credits are a plus, but that offer doesn't look as good once you realize you're getting those credits in increments of $4.17. Two years is a long time to wait to collect your card's full welcome bonus.

Most credit card sign-up bonuses don't take nearly as long, and there are several that offer much more value. Those are worth looking at before you go with this Verizon credit card.

No 0% intro APR financing

The Verizon Visa® Card doesn't offer a 0% intro APR or any type of special financing plans. You should only get it if you plan to pay your full credit card bill every month. Otherwise, you'll get charged credit card interest.

If you want a card that gives you time to pay off purchases, intro 0% APR credit cards are a better way to go. These have a 0% APR for an introductory time period, allowing you to finance a big purchase without racking up interest charges.

No cellphone protection

Although quite a few of the best credit cards have started offering complimentary cellphone protection against damage or theft, the Verizon Visa® Card doesn't. That's understandable, since Verizon offers cellphone insurance for an additional fee. However, it'd be nice to see the wireless carrier include it as an extra for its cardholders.

Rewards must be used with Verizon

The Verizon Dollars this card earns are only redeemable with Verizon. You can use them to pay your bill, make a payment on a device, buy a device, or buy accessories. Through My Verizon, you also have the option of buying a gift card or travel with your Verizon Dollars.

Since you can always just use Verizon Dollars for your phone bill, you shouldn't have too much trouble redeeming them. It's still worth mentioning they're not as useful as cash back or many types of travel points. You might want to explore more credit card reviews to see if another card's rewards program is a better fit for you.

Suggested credit score

A FICO® Score of 670 or higher is recommended for the Verizon Visa® Card, as it's intended for consumers with good credit to excellent credit.

Since your credit score isn't the only important factor in a credit card application, this isn't a hard-and-fast rule. Some applicants have managed to get approved with scores in the mid-600s.

Keep in mind you must be a Verizon wireless customer who is the account owner or account manager to be eligible for this card. In addition, accounts with more than 10 lines and prepaid accounts aren't eligible to apply.

The Verizon Visa® Card is right for you if:

You're a Verizon wireless customer and you're looking for an easy way to save on your cellphone bill.

With no annual fee and multiple discount opportunities, the Verizon Visa® Card can benefit practically any Verizon customer. The rewards are excellent, and it earns you big bonuses on your grocery, gas, and dining spending. You could use it as your only credit card and get plenty of value from it.

Keep reading: Best Cash Back Credit Cards

Our credit card methodology

At The Motley Fool Ascent, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.

We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how The Ascent rates credit cards.

Our Credit Cards Expert

Lyle Daly
By: Lyle Daly

Writer

Lyle Daly is a personal finance writer who specializes in credit cards, travel rewards programs, and banking. He writes for The Ascent and The Motley Fool, and his work has appeared in USA Today and Yahoo! Finance. He was born in California but currently lives as a digital nomad with a home base in Colombia.