Credit Cards Credit Card Reviews

Verizon Visa Signature Card Review

overall rating
3.6

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The newly launched Verizon Visa Signature Card has no annual fee, and cardholders can earn up to 4% Verizon Dollars in select spending categories. Plus, you can get up to $100 in billing credits as a new cardholder. Your rewards are redeemable for Verizon wireless bill payments and device and accessory purchases.

Verizon Visa Signature® Credit Card

Overall Rating
3.6
Verizon Visa Signature® Credit Card
On Synchrony Bank's Secured Site.
Current Offer

New cardholders can get up to a total of $100 in credit applied to their Verizon wireless bills. The reimbursement will show up as a $4.17 monthly credit on eligible Verizon Wireless bills over a period of 24 months.

Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 22.49% variable
Annual Fee $0
Rewards Earning Rate Earn 4% back in Verizon Dollars on grocery store and gas purchases, 3% on dining purchases, 2% on Verizon purchases, and 1% on all other purchases.
Balance Transfer Fee Either $5 or 5% of the amount of each balance transfer, whichever is greater.
Foreign transaction fee (%) 0%
how this card stacks up
When compared among all rewards cards in our database:
Rewards
Benefits
Low Fees
Security/Customer Experience
Low Interest
worst best

The Verizon Visa Signature Card is not one of our top-rated rewards credit cards. You can review our list of the best rewards credit cards for what we think are better options.

Full Review of Verizon Visa Signature Card

Pros
  • High rewards rate on select spending categories

  • Two TravelPass days per calendar year

  • Up to $10 off per month on each eligible account

Cons
  • Must be a Verizon customer

  • Limited redemption options

  • No introductory APR

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 10 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 wireless bills
    • To purchase new Verizon devices
    • To pay the remaining balance on a wireless device
    • To purchase a Verizon accessory

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

  • No Introductory APR: The Verizon Visa 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 18 months, giving you a year and half to pay off a large purchase without any interest charges. After that, the APR will be 14.74% to 24.74%, depending on your creditworthiness. 

This Card is Best For

  • Avatar for Annual Fee Averse Persona
    Resists or refuses an annual fee on principle or due to cost
    Annual Fee Averse
  • Avatar for Rewards Strategist Persona
    Seeks to maximize points or miles earnings across spending categories
    Rewards Strategist

Verizon Communications is the largest wireless carrier in the United States in terms of the number of subscribers. If you’re a Verizon wireless customer with a monthly bill for 10 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 pay your Verizon wireless or Verizon Fios bill, you’ll get a monthly credit of $4.17 credited to your bill for 24 consecutive billing cycles. You can qualify for up to $100 in billing credits.

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

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 the Verizon Visa Signature Card, you’re automatically considered for both it and the Verizon Visa Signature Card. If approved for the Verizon Visa Signature Card, you’ll get access to additional 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. 

Standard Benefits

  • Auto rental collision damage waiver
  • Roadside dispatch
  • Emergency card replacement

Cardholder Experience

The Verizon Visa Signature Card is issued by Synchrony Bank. In the 2019 J.D. Power Credit Card Satisfaction Study, Synchrony was ranked 10th out of 11 national card issuers in terms of customer satisfaction. Only Credit One Bank ranked lower. 

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. 

Our 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. 

If you’re looking for a card with greater flexibility, consider the Discover it Cash Back card. It has no annual fee, and you’ll earn 5% cash back on quarterly spending categories, plus 1% cash back on all other purchases. Your rewards can be redeemed for gift cards, statement credits, bank deposits, or charitable donations, and you can use your rewards to pay for purchases at retailers like Amazon.com. Plus, Discover is the top-ranked card issuer in the J.D. Power study, in terms of customer satisfaction.

Apply Now
For Verizon Visa Signature® Credit Card
on Synchrony Bank's Secured Site.
Compare This Card
See how this card compares to similar cards
CURRENT CARD
Verizon Visa Signature® Credit Card
overall rating
3.6
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 15.49% - 22.49% variable
Annual Fee $0
Rewards Earning Rate Earn 4% back in Verizon Dollars on grocery store and gas purchases, 3% on dining purchases, 2% on Verizon purchases, and 1% on all other purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.