If you’re a Verizon customer who spends heavily on company services, this card could unlock some nice savings on wireless and cell phone expenses. The rewards can add up very well if you agree to use them to offset your Verizon bill or to help pay for your next phone upgrade.
If you use one of the other cell network providers in the country, however, you’ll likely want to keep shopping for a card that is less restrictive in its rewards. This card is worth it only if you can commit to this provider for the long haul.
One of the main benefits of the Verizon Visa Signature Card is that new cardholders can get up to a total of $100 in credit applied to their wireless bills from Verizon. The reimbursement will show up as a recurring $4.17 monthly credit on eligible Verizon Wireless bills over a period of 24 months.
With the Verizon Visa Signature Card you’ll earn:
- 4% back in Verizon Dollars on any gas purchases and grocery store purchases,
- 3% on dining purchases,
- 2% on Verizon purchases, and
- 1% on all other purchases.
Unfortunately, the Verizon Visa Card offers no introductory APR deal, so new purchases or balance transfers will not benefit from a 0% APR as you can with other cards. It has a 15.49% – 22.49% variable APR on balances and, while that is a relatively high interest rate compared with many credit cards, given that there is no annual fee for the card, it might be worth it.
If you like to spend while abroad, it is important to note that this card has no foreign transaction fees, so you will not pay anything to do your shopping in another country.
The Verizon Visa Card saves you money on Verizon wireless purchases and expenses, but that’s about all you can redeem your rewards for. If you are looking for more rewards and benefits, the ideal would be to look for other types of cards, but if you want to save on cell phone expenses and other Verizon services, this card may be a good idea since it does not have an annual fee.
Two Days of Free TravelPass
TravelPass from Verizon provides for talk, text, and data in over 185 countries for a fee of $10 per day. As a Verizon Visa Signature cardholder, you’ll receive two days of TravelPass free, a value of $20. The cardholder is able to choose which phone line receives this TravelPass benefit.
If you qualify for the higher-level Verizon Visa Signature card, you will also get some additional benefits including:
- Rental car collision insurance,
- Roadside assistance,
- Concierge access to reserve tickets for events, trips, and other services, and
- Discounts on certain hotel and golf course purchases.
Travel and emergency assistance services
A benefits administrator can connect you to local emergency services, such as medical referrals and translation services, 24/7.
Rental car discounts
Up to 15% off qualifying Silvercar rentals.
Visa Luxury Hotel Collection
When you book your hotel through VisaSignatureHotels.com, you can enjoy perks like automatic room upgrades, complimentary continental breakfast, and a $25 credit for food or beverage.
- $10 off per month for auto-pay enrollment
- No annual fee
- No foreign transaction fee
- Rewards never expire
- Instant card availability for Verizon purchases upon approval
- Can only redeem rewards for Verizon purchases
- No special financing or 0% intro APR offers
- New cardholder bonus is stretched across 24 months, a long timeframe
- $10 Verizon bill discount per month not applicable to customers already enrolled in Auto Pay
This rewards card is ideal for those who want to take advantage of Verizon’s services and earn points to use on Verizon services. While the lack of an annual fee is very attractive, unfortunately, the card’s limited rewards options leave a lot to be desired.
However, if you are a loyal Verizon customer and particularly if you have a premium phone and an all-you-can-eat data plan, it may be a good idea to get in touch and apply for yours now.