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Verizon Visa® Credit Card review

Excellent rewards, but very limited redemption options.

  • Get this card if you want to spend credit card rewards exclusively on Verizon products.
  • Pick something else if you want more flexibility in how you spend your rewards.
  • Apply with a good credit score of 670 or higher.
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$100

Welcome offer

Up to 4%

Cash back

$0

Annual fee

18.74% to 25.74%

Purchase APR (variable)

Details

Annual fee$0
Welcome offer$100 in statement credits over the first 24 months when you pay for your monthly Verizon wireless bill with your card
Rewards4% on groceries and gas, 3% on dining including takeout, 2% on Verizon purchases and 1% on all other purchases
Purchase APR18.74% to 25.74% variable
Balance transfer APRN/A
Minimum Credit Score670
IssuerVisa

Review by


Steven Dashiell is Senior Writer, Personal Finance at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, NASDAQ, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.

Expert review

Verizon’s new credit card, the Verizon Visa® Credit Card, has officially launched and is now available for applications. At a glance, this card’s rewards are quite strong: 4% in Verizon Dollars on gas and grocery store purchases, 3% on dining and restaurant purchases, 2% on Verizon purchases and 1% on everything else. Few rewards cards offer 4% back these days and those that offer more than 4% usually have spending caps. Verizon Visa® Credit Card also gives you a great spread of earning categories, perfect for everyday purchases.

How to apply for the Verizon Visa® Credit Card

You can now apply for the Verizon Visa® Credit Card through the Verizon site. However, finding the application page is difficult – at the time of this writing, Verizon isn’t advertising it on their homepage and had no clear place to click through for card info. We’ve fished up the page for you to make things simpler:

  1. Go to http://www.verizon.com/verizonvisacard
  2. At the top of the page click on the Apply button.
  3. You’ll need to sign in to your Verizon account to start the application.
  4. After signing in, fill in the required information and click Submit.

What credit score do I need?

Apply with a good credit score of 670 or higher to improve your chances of approval.

Card benefits

  • Verizon discounts. Verizon offers a discount of $5 or $10 per line item on up to 10 lines each month when you pay your bill using the Verizon Visa® Credit Card.
  • No annual fee. You won’t pay an annual fee to use this card.
  • Earn solid rewards. You’ll earn 4% in Verizon Dollars at gas and grocery stores or on grocery store delivery. You’ll also earn 3% on dining and restaurant pickup or delivery. Finally, earn 2% back on Verizon purchases and 1% on everything else.

Compare Verizon Visa® Credit Card rewards with Costco Anywhere Visa® Card by Citi and Blue Cash Preferred® Card from American Express

These earnings rates are reasonably generous and cover a lot of spending categories, meaning you’ll always have a solid way to earn Verizon Dollars. However, there are other cards on the market that earn comparable rewards with more flexible redemption opportunities. Here’s how the Verizon Visa® Credit Card stacks up against the Costco Anywhere Visa® Card by Citi and the Blue Cash Preferred® Card from American Express.

FeatureVerizon Visa® Credit CardCostco Anywhere Visa® Card by CitiBlue Cash Preferred® Card from American Express
Rewards
  • Earn 4% in Verizon Dollars on gas and grocery stores or delivery
  • Earn 3% on dining and curbside pickup
  • Earn 2% on Verizon purchases
  • Earn 1% on all other purchases
  • Earn 4% cash back on eligible gas purchases, including at Costco, for the first $7,000 each year and 1% after that
  • Earn 3% back on restaurants
  • Earn 3% back on travel purchases worldwide
  • Earn 2% back on all Costco and Costco.com purchases
  • Earn 1% back on all other purchases
  • Earn 6% cash back at US supermarkets on up to $6,000 each year and 1% thereafter
  • Earn 6% back on select US streaming services
  • Earn 3% back at US gas stations
  • Earn 3% back on transit including taxis, rideshares, parking, tolls, trains, buses and more
  • Earn 1% back on other eligible purchases
Redemption optionsVerizon purchasesCostco purchasesStatement credit
Welcome offerEarn up to $100 in statement credits over the first 24 months when you pay for your monthly Verizon wireless bill with your card.N/AEarn $350 cash bonus after you spend $3,000 in your first 6 months of card membership.
APR18.74% to 25.74% variable16.74% variable16.99% to 27.99% variable (see Terms apply, see rates & fees)
Annual fee$0$0 with Costco membership$95 annual fee

The Costco Anywhere Visa® Card by Citi earns very similar rewards while allowing you to redeem those points on Costco purchases. Naturally, you’ll find a lot more to spend your points on in a Costco than you will in a Verizon store. Meanwhile, the Blue Cash Preferred® Card from American Express crushes both of them and lets you redeem your points as statement credit for the low cost of a $95 annual fee.

What to watch out for

  • No signup bonus. Prior to launch, the Verizon Visa® Credit Card came with a pre-launch bonus offering up to $1,000 in Verizon Dollars to applicants, depending on the number of applicants for the card. Now that the card has launched, this offer is gone.
  • Limited redemption opportunities. You can only redeem your Verizon Dollars on Verizon purchases. That means no statement credits on other purchases and no redemptions on non-Verizon gift cards.
  • High APR. This card carries a higher than average APR of 18.74% to 25.74% variable. Coupled with a lack of intro APR, this makes the Verizon Visa® Credit Card a poor card for carrying a balance.

Compare cashback credit cards

1 - 3 of 27
Name Product Welcome Offer Rewards Annual fee Filter values
Capital One Quicksilver Cash Rewards Credit Card
$200 cash bonus after you spend $500 on purchases within 3 months from account opening
Earn unlimited 1.5% cash back on every purchase, every day and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
$0
More than an unlimited 1.5% cash back card: you'll also earn 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply).
Capital One SavorOne Cash Rewards Credit Card
Earn a one-time $200 cash bonus after you spend $500 on purchases within the first 3 months from account opening
3% cash back on dining, entertainment, popular streaming services and at grocery stores, 1% on all other purchases. Plus, earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats, and 5% cash back on hotels and rental cars booked through Capital One Travel (terms apply)
$0
Earn unlimited 3% cash back on dining, entertainment, popular streaming services and at grocery stores (excluding superstores like Walmart® and Target®), plus 1% on all other purchases. Plus, earn 8% cash back on Capital One Entertainment purchases and tickets at Vivid Seats.
Instacart Mastercard®
Instacart Mastercard®
Get a free year of Instacart+ and a $100 Instacart credit automatically upon approval. Membership auto-renews. Terms apply
5% cash back on Instacart, 5% on travel through the Chase Travel Center, 2% on dining, gas, and select streaming services and 1% on all other purchases
$0
Not just for Instacart, this card also offers competitive cash back in everyday categories like dining and gas.
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Bottom line

The Verizon Visa® Credit Card has more in common with cobranded store cards than standard rewards cards. It simply doesn’t have the value potential to stand up to something like the Chase Freedom Flex℠ or Blue Cash Preferred® Card from American Express. And while the earning rates are respectable, the redemption value of this card is limited even when compared to other store cards available.

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