Venmo Card Limit: Everything You Need to Know
At Venmo, we understand the importance of clarity and transparency when it comes to financial services. One common question users often have is about the Venmo Card Limit. In this article, we will explore everything you need to know about the Venmo Card Limit, including its daily, weekly, and monthly limits, how to view your limits, and tips for managing your spending effectively.
Venmo Card Daily Limit
The Venmo Card has a daily spending limit of $6,000. This limit includes purchases made with the card, as well as ATM withdrawals. It's important to note that this limit is subject to change and may vary based on factors such as your account history and usage patterns.
Venmo Card Weekly Limit
The weekly spending limit for the Venmo Card is $4,999.99. This limit is calculated based on a rolling seven-day period and includes all transactions made with the card during that time frame. It's essential to keep track of your spending to avoid exceeding this limit.
Venmo Card Monthly Limit
The monthly spending limit for the Venmo Card is $6,999.99. Similar to the weekly limit, this limit is calculated based on a rolling 30-day period and includes all transactions made with the card during that time frame.
How to View Your Venmo Card Limits
To view your Venmo Card limits, open the Venmo app on your mobile device and navigate to the "Card" tab. From there, select your Venmo Card and scroll down to view your current limits. You can also view your limits in the "Settings" section of the app under "Limits."
Tips for Managing Your Venmo Card Spending
- Set a Budget: Determine how much you can afford to spend with your Venmo Card each day, week, and month, and stick to it.
- Track Your Spending: Keep track of your transactions using the Venmo app or your bank statements to ensure you stay within your limits.
- Avoid ATM Fees: Use in-network ATMs to avoid ATM fees when withdrawing cash with your Venmo Card.
- Monitor Your Account: Regularly check your Venmo account for any unauthorized transactions and report them immediately.
- Use Alerts: Set up transaction alerts in the Venmo app to receive notifications when your card is used, helping you stay informed about your spending.
In conclusion, the Venmo Card Limit is designed to help you manage your spending and stay within your budget. By understanding your limits and following the tips outlined in this article, you can make the most of your Venmo Card while staying financially responsible.