Verizon Visa Signature Card Review

Full Review of Verizon Visa Signature Card

Pros Explained

High rewards Rate on Select Spending Categories: With the Verizon Visa Signature Card, you can earn:

• 4% Verizon Dollars on gas
• 4% Verizon Dollars at grocery stores
• 3% Verizon Dollars at restaurants
• 2% Verizon Dollars at Verizon stores, Verizon online, and Verizon-authorized retailers
• 1% Verizon Dollars on all other purchases

For a card with no annual fee, the ability to earn up to 4% in rewards is a valuable perk. There are no rotating spending categories to keep track of, and you don’t have to activate spending categories to start earning a higher rate. You’ll automatically earn rewards whenever you use your card. 

• Two TravelPass Days: When you’re approved for the Verizon Visa Signature Card, you get two TravelPass days. TravelPass lets you take your talk, text, and data plans with you to 185 countries without paying international fees. Depending on where your travels take you, two TravelPass days can be worth up to $20. 
• Up to $10 off per Month on Each Eligible Account: As a Verizon Visa Signature Card holder, you qualify for a discount of $10 per month on each eligible account or line (up to a maximum of 12 lines) when you sign up for automatic payments. The discount is only available to first-time autopay enrollees. 

Cons Explained

• Must Be a Verizon Customer: To apply for this card, you must be a current Verizon wireless customer and have 10 phone lines or fewer on your account. If you aren’t a Verizon wireless customer yet and want to apply for the card, you have to first sign up for Verizon wireless service. 
• Limited Redemption Options: Verizon Dollars can only be redeemed in the following ways: 
• To pay Verizon bills
• To purchase new Verizon devices
• To pay the remaining balance on a wireless device
• To purchase a Verizon accessory
• Book travel, hotels and rental cars
• Purchase merchant gift cards

Unlike the rewards you can earn with many other credit cards, Verizon Dollars cannot be redeemed for statement credits or bank deposits. 

• No Introductory APR: The Verizon Visa Signature Card doesn’t have an introductory APR offer, so you can’t take advantage of a 0% APR on new purchases or balance transfers. If you were planning on making a major purchase, such as a new iPhone that can cost over $1,300, that’s a significant drawback. If an introductory APR is important to you, another option would be the Citi Simplicity card. It has no annual fee, and it offers a 0% APR on new purchases for 21 months, giving you almost two years to pay off a large purchase without any interest charges. After that, the APR will be 18.49% — 29.24%, depending on your creditworthiness. 

Verizon Communications is one of the largest wireless carriers in the United States. If you’re a Verizon wireless customer with a monthly bill for 12 lines or less, the Verizon Visa Signature Card could be a useful addition to your wallet. 

The card has no annual fee. You can use the card to earn extra rewards on gas, groceries, dining out, and Verizon purchases, and then redeem your rewards to pay your Verizon wireless bill or upgrade your devices. 

Verizon Visa Signature One-Time Offer

As a new cardholder, you’re eligible for a one-time offer with the Verizon Visa Signature Card. When you use the card to make a purchase within the first 90 days after account opening, you’ll get a statement credit of $100 applied to your credit card bill.

Rewards Earning Details

You’ll earn the following rewards with your Verizon Visa Signature Card: 

• 4% Verizon Dollars on gas
• 4% Verizon Dollars at grocery stores
• 3% Verizon Dollars at restaurants
• 2% Verizon Dollars at Verizon stores, Verizon online, and Verizon-authorized retailers
• 1% Verizon Dollars on all other purchases

Rewards Redemption Details

You can redeem your Verizon Dollar rewards online through your Verizon wireless account, at Verizon-operated stores, or over the phone with Verizon representatives. Your rewards can be redeemed in the following ways: 

• Payments of Verizon wireless bills
• Purchase of Verizon devices, including a down payment or buyout of a device payment agreement
• Payments on the remaining balance of a device payment agreement
• Purchase of Verizon accessories
• Book travel, hotels and rental cars
• Purchase merchant gift cards

How to Maximize Your Rewards

To get the most value from your Verizon Visa Signature Card, use it whenever you purchase gas or groceries or dine out at restaurants. Also, use it to pay your Verizon wireless bill. To show how your rewards can add up, consider this example. 

Here is how much the typical consumer spends each year, and the corresponding rewards rate with the Verizon Visa Card

• Gas: $1,500 (x 4%)
• Groceries: $4,533 (x 4%)
• Restaurants: $3,434 (x 3%)
• Wireless service (Verizon Get More Unlimited Plan): $1,080 (x 2%) 
• Apparel and services: $1,859 (x 1%)

If you spent those same amounts with the Verizon Visa Signature Card, you’d earn $384.53 in rewards, which would most likely cover several months’ worth of your Verizon wireless bills or a down payment on a new device.

Verizon Visa Signature Card Outstanding Benefits

When you apply for a Verizon Visa Card, you’re automatically considered for the Verizon Visa Signature Card. If approved for the Verizon Visa Signature Card, you’ll get access to card benefits, including: 

• Travel and emergency assistance services: A benefits administrator can connect you to local emergency resources, such as medical referrals and translation services, 24/7. 
• Rental car discounts: Up to 15% off qualifying Silvercar rentals. 
• Chauffeured car service: Up to 10% off and a one-time $20 credit when you book a reservation with GroundLink. 
• Visa Luxury Hotel Collection: Book your hotel through VisaSignatureHotels.com and get perks like automatic room upgrades, complimentary continental breakfast, and a $25 food or beverage credit. 
• Troon golf rewards: Receive complimentary Silver status in the Troon Rewards program. 
• Visa Signature concierge: The Visa Signature concierge is available to help you make travel arrangements, secure dining reservations, or purchase gifts.

Cardholder Experience

The Verizon Visa Signature Card is issued by Synchrony Bank. In the 2021 J.D. Power Credit Card Satisfaction Study, Synchrony was ranked 10th out of 11 national card issuers in terms of customer satisfaction.

Unlike many other cards, the Verizon Visa Signature Card doesn’t allow you to reach customer support through chat or secure message. You can only contact customer service via phone. Representatives are available 24/7 at the following numbers: 

• Verizon Visa Card: 866-313-9396
• Verizon Visa Signature Card: 866-850-6188
• Synchrony Bank Collections: 855-893-5851

Security Features

The Verizon Visa Signature Card offers standard security features you expect from most credit cards, including zero fraud liability and account alerts.

Final Verdict

For existing Verizon customers who have multiple wireless lines, the Verizon Visa Signature Card can be a smart choice, especially since it has no annual fee. With the ability to earn up to 4% in rewards on spending categories like gas and groceries, you can rack up Verizon Dollars quickly, then use them to pay your wireless bills or purchase a new device. If you qualify for the Verizon Visa Signature Card, you can take advantage of extra benefits like rental car discounts and the Visa Luxury Hotel Collection.

However, the card has very limited redemption options. Unless you spend a significant amount of money on your wireless bills and regularly upgrade your smartphone, you may be better off with a credit card that offers you more choices for redeeming your rewards. 

Frequently Asked Questions

Can you use Verizon Visa Signature Card anywhere?

There are no specific limits to where you can use the Verizon Visa Signature Card. However, the points can only be redeemed at a Verizon store, through the company website or phone line, or at authorized Verizon retailers.

Is the Verizon Visa Signature Card instant approval?

Yes, you can get instant approval with the Verizon Visa Signature Card. If you are instantly approved the card will be automatically added to your Verizon wallet.

What can the Verizon Visa Signature Card be used for?

This card can be used for everyday purchases. Cardholders can earn points from buying gas, groceries, Verizon-related purchases, and purchases at retailers, like Walmart, that offer Verizon services.

Does Verizon Visa Signature do a hard credit pull?

Yes, Verizon's credit check is considered a hard inquiry.