 TITLE: Can You Use a Credit Card on Venmo? CONTENT: It's possible to use a credit card on Venmo, but you'll face a few restrictions. For example, you won't be able to add a credit card if it's already linked to another Venmo account, and you won't be able to transfer money from your Venmo balance to a credit card.\nAnother big difference to keep in mind is that you'll pay a 3% fee to send money on Venmo using your credit card. That's in contrast to using your bank account, debit card or Venmo balance, which is totally free.\nAdditionally, when you pay your friends and family via credit card, Venmo warns that card issuers could code the transactions as cash advances—which means an additional set of fees, often a minimum of $5 or $10. Cash advances also don't come with an interest-free grace period; they begin accruing interest immediately, sometimes at a higher APR.\nWhen it comes to buying from a business, Venmo transactions may be coded as purchases, thereby avoiding the additional fees and interest. Still, it's worth checking with your issuer before adding a credit card to your Venmo account. Fees won't be charged when using Venmo to purchase an item from one of the company's partner businesses. In that case, the business will cover the transaction fees so you won't have to, even if you're using a credit card. END