What To Know
- If you use your Chase Sapphire Preferred card to make Venmo payments in a foreign currency, you may be subject to foreign transaction fees.
- Whether you’re a seasoned traveler or simply looking to maximize your everyday spending, using Chase Sapphire Preferred on Venmo is a smart move.
- Yes, you can use Chase Sapphire Preferred on Venmo to pay anyone who has a Venmo account.
The answer is a resounding yes! Chase Sapphire Preferred, the popular travel rewards credit card, seamlessly integrates with Venmo, the widely-used mobile payment app. This integration unlocks a world of convenience and rewards, empowering you to maximize your spending and earn valuable points.
Benefits of Using Chase Sapphire Preferred on Venmo
Earn Points on Every Transaction:
With every Venmo payment made using your Chase Sapphire Preferred card, you’ll earn 2x Ultimate Rewards points. These points can be redeemed for travel, cash back, or other valuable rewards.
No Transaction Fees:
Chase Sapphire Preferred waives all transaction fees for Venmo payments, saving you money on every transfer.
Convenience and Security:
Venmo’s user-friendly interface and robust security features make it a convenient and secure way to send and receive money. By linking your Chase Sapphire Preferred card, you can enjoy the convenience of Venmo while earning rewards.
How to Link Your Chase Sapphire Preferred Card to Venmo
Linking your Chase Sapphire Preferred card to Venmo is a simple process:
1. Open the Venmo app on your mobile device.
2. Tap on the “Settings” tab.
3. Select “Payment Methods.”
4. Tap on “Add Bank Account or Card.”
5. Choose “Credit or debit card.”
6. Enter your Chase Sapphire Preferred card information.
7. Verify your card by following the on-screen instructions.
Maximizing Your Rewards
To make the most of your Chase Sapphire Preferred and Venmo integration, consider the following tips:
Use Venmo for Everyday Purchases:
By using Venmo for everyday purchases, such as groceries, gas, or dining out, you’ll accumulate points on every transaction.
Split Expenses with Friends:
When splitting expenses with friends or family using Venmo, use your Chase Sapphire Preferred card to earn points on the entire amount.
Pay Bills:
Venmo allows you to pay certain bills, such as utilities or rent. By using your Chase Sapphire Preferred card for these payments, you’ll earn points on your essential expenses.
Other Considerations
Venmo Transfer Limits:
Venmo imposes limits on the amount of money you can send or receive. These limits vary depending on your verification status and payment history.
Credit Card Surcharges:
Some merchants may impose a surcharge for credit card payments. If Venmo passes on this surcharge to you, you may not earn points on the transaction.
Foreign Transaction Fees:
If you use your Chase Sapphire Preferred card to make Venmo payments in a foreign currency, you may be subject to foreign transaction fees.
The Verdict
The integration of Chase Sapphire Preferred with Venmo offers a winning combination of convenience, rewards, and value. By linking your card to Venmo, you can earn points on every transaction, save money on fees, and enjoy the convenience of sending and receiving money with ease. Whether you’re a seasoned traveler or simply looking to maximize your everyday spending, using Chase Sapphire Preferred on Venmo is a smart move.
Frequently Asked Questions
Q: Can I use Chase Sapphire Preferred on Venmo to pay anyone?
A: Yes, you can use Chase Sapphire Preferred on Venmo to pay anyone who has a Venmo account.
Q: Are there any fees for using Chase Sapphire Preferred on Venmo?
A: No, Chase Sapphire Preferred waives all transaction fees for Venmo payments.
Q: How many points do I earn per Venmo transaction?
A: You earn 2x Ultimate Rewards points for every Venmo payment made using your Chase Sapphire Preferred card.
Q: What can I redeem my Ultimate Rewards points for?
A: You can redeem your Ultimate Rewards points for travel, cash back, gift cards, or other valuable rewards.
Q: Is it safe to use Chase Sapphire Preferred on Venmo?
A: Yes, Venmo uses robust security measures to protect your financial information. Additionally, Chase Sapphire Preferred offers fraud protection and zero liability for unauthorized purchases.
