You can get free Venmo money via Cashback from your purchases on Wendy’s and Target. Earn Venmo Referral Rewards by sharing your referral link to use while signing up and receiving $5 into your Venmo wallets and Log-In Venmo Rewards the next time you logged into your Venmo account.
Wondering how to get free money on Venmo? We’ve got you covered with guaranteed, official ways to increase your Venmo credit. Continue reading for more!
Venmo has taken the country by storm since it was first introduced back in 2009. The Paypal-owned app revolutionized the digital payment space and became quickly adopted by users for its convenience and security.
All you need to do to sign up is enter your name and phone number, and voila, your account is all set up and ready to send and receive money. The same philosophy applies throughout every aspect of the Venmo experience, ensuring your digital transactions are transparent without any hidden, fine text to haunt you down after the fact.
Like anything involving money online, you’ll find tons of spammers promising a few bucks by clicking on their links.
Don’t give in to such hollow promises, as we’ve gathered the official ways through which you can get free money on Venmo.
Can You Get Money on Venmo for Free?
YES! You can earn free Venmo money as Venmo has implemented enticing reward programs into its services allowing users to earn while using the app. New programs come and go all the time, but the constant remains that Venmo is always keen on rewarding its most loyal users.
How Much Free Money Can You Earn on Venmo?
Before jumping into the specifics, we need to adjust some expectations here. Don’t expect to wake up the next morning and quit your job to live off Venmo’s rewards. This isn’t how things work! At best, you’ll get enough credit for some occasional freebies like a cup of coffee or a donut on your way to work.
This is still pretty decent! If you constantly lookout for the newest reward programs and check what applies to you, the free Venmo money can add up towards the end of the month, and you’d be surprised by how much you can get out of thin air.
We’ve meant to highlight such facts right away, so you can have better judgment while surfing the web and coming across a link that offers an exorbitant amount of Venmo credit for free.
Now that you know what to expect, you’ll see right away that there’s something fishy about that link and save yourself a click into a bait.
Read: How to Unfreeze Account on Venmo?
How to Get Free Money on Venmo
As all the groundwork has already been taken care of and we’re all on the same page, we can now confidently answer your question and explore some of the best ways to get free cash on Venmo.
1. Up to 5% Cashback
Venmo offers a debit card to go along with its cashless, digital wallet. The Venmo Card opens up even more opportunities for you to enjoy the Venmo experience, as it works through the same Mastercard network, which makes it automatically supported Venmo Card by a large number of vendors out of the gate.
For instance, you get 5% cashback on your purchases from Wendy’s, Target, and Papa Johns, while Dunkin’ and Sam’s Club offer 4% cashback on Venmo Card transactions. You should also keep an eye on the 6% cashback timed offers that go up every now and then.
2. Referral Rewards
For this one, you don’t need to be a Venmo cardholder to earn free money. All users can take advantage of such a perk, provided they are among the first 200,000 lucky people to join the referral program.
So, how does it work? It’s quite simple! If you’re yet to hop on the Venmo train, ask an existing user for a referral link to use while signing up. This way, you and your friend will receive $5 into your Venmo wallets once your new account is successfully created.
That’s a sweet deal, as you’ve literally got yourself some money in your Venmo wallet seconds after you’ve signed up. It doesn’t stop here, as you can create a referral link yourself and send it to your friends to earn extra money for each account created through your link.
It’s worth mentioning that Venmo has capped the rewards at ten referrals. This means you can make up to $50 from this method alone!
There’s another caveat that you should know about to make the most of the referral program. All new users who received the sign-up reward need to complete a minimum transaction of $5, or else the free money will disappear within 14 days.
We’re off to a pretty good start; let’s see what else we have in store for you.
3. Log-In Rewards
Venmo is sparing no effort to encourage more users to adopt its debit card. In addition to the cashback rewards, the company occasionally drops another freebie for new Venmo cardholders. For example, users received emails prompting them for a free $5 reward the next time they logged into their Venmo account.
This offer ran till the 1st of August, 2021. However, given Venmo’s current strategy for making their debit card more appealing to users, we don’t expect this program to be their last. The takeaway here is that you need to keep an eye on your email, as you might find a free reward waiting for you.
How to Invite Friends to Venmo?
So, you now know how the referral program works. Let’s walk you through the steps that you need to follow to invite your friends to Venmo.
- Open the Venmo app on your iOS or Android device.
- Click the hamburger menu button at the top left-side hand corner.
- Choose the “Invite Friends, Earn $5” option.
- The Venmo app will then generate a link that you can copy and send to your friends.
In Conclusion
Over the years, Venmo has refined the digital wallet formula and ensured its users enjoyed a seamless, cashless experience.
The company has also shown interest in providing its users with the most value. Now that you know how to get free money on Venmo, you can take advantage of such perks!
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