Earlier this year, Verizon announced plans to offer its own credit card, joining the likes of Apple, Amazon, and PayPal with a company-branded card — even other carriers like T-Mobile have gotten in on the action. Now the Verizon Visa Card is finally set to debut on June 26, bringing lots of savings and benefits to new and existing Verizon customers.
So what's the catch? Well, while you do earn "cash-back" rewards, those are actually in Verizon Dollars, usable only at Verizon. Shoppers can earn Verizon Dollars at a rate of 4% on gas and grocery store purchases, 3% on dining, 2% on Verizon offerings, and 1% on everything else. The Verizon Dollars that you accumulate can only be spent on things like Verizon service, phones, and accessories.
Use your Verizon Visa CardⓇ everywhere it's accepted to earn Verizon Dollars – rewards you can redeem for the best things at Verizon.