Venmo Stash rewards users for everyday spending with debit card
Venmo just dropped Venmo Stash, a new rewards program for its Debit Mastercard users—perfect if you love using debit over credit.
With Gen Z leading the debit trend (63% prefer it!) , this move is all about rewarding everyday spending.
How does it work?
Joining is free. Pick a bundle of popular brands like McDonald's, Amazon, Uber, DoorDash, or Walgreens.
You get 1% cash back on purchases in your chosen bundle, 2% if you turn on auto reload, and up to 5% if you set up $500+ in monthly Direct Deposits.
Swap your brand bundle every 30 days
You can swap your brand bundle every 30 days to keep things fresh and maximize rewards—but there's a $100/month cap.
Venmo says bigger things are coming too: next year, the program will expand to offer rewards when you pay with Venmo at merchants in its nationwide network.
Cash App competition?
Venmo Stash is clearly aimed at younger users who want perks from debit cards—think Cash App competition.
It's another step toward making digital payments more rewarding and engaging for people who don't want the hassle of credit cards.