If you are a Verizon client who would be interested in the possibility of saving money on their monthly bill, then you should give this card some consideration. Not only does it waive the annual charge and the price for making overseas transactions, it also provides rewards on common spending categories such as dining out and shopping for groceries.

It should be no surprise that this card is unsuitable for people who already have another cell service provider. It is also not the greatest option for people who want to save money on a range of different types of expenses.

Verizon Visa Card

Verizon customers who can take advantage of the everyday earning potential and specialized redemption choices offered by the Verizon Visa Card are perhaps in the best position to benefit from having the card. You can earn Verizon Dollars by using this card to make purchases at grocery stores, gas stations, restaurants, takeaway, and at Verizon.

You can also earn Verizon Dollars by making purchases directly from Verizon (including your monthly wireless bill). You can use Verizon Dollars to pay for almost anything that Verizon sells, including smartphones and tablets, or you can use them to pay your Verizon payment.

Although the redemption choices are limited, Verizon customers interested in cutting costs on the expenditures above may find them helpful. Because this card does not earn you standard cashback rewards, it is unlikely to make sense for you to get it if you are interested in increasing the number of ways.

You can redeem your rewards if you have poor or no credit, as the card typically requires good or excellent credit. In addition, the Verizon Visa Card is only offered to qualified Verizon Wireless customers who meet the program's requirements.

Pros:

• Verizon Dollars are the currency of your rewards. Four percent at the pump and in the grocery store, 3 percent in restaurants, 2 percent at Verizon, and 1 percent everywhere else. All Visa cards from Verizon are accepted here.
• If you're a new Verizon client, you can save up to $10 monthly per qualified account or line using Verizon's AutoPay. Only new cardholders can enroll using their card and receive the discount. Please be aware that the discount for signing up for automatic payments is only available to new customers.
• Verizon Dollars are accepted in our store, but customers are not obligated to purchase if they do not like to. They can buy gift cards from their favorite stores or go on vacation. The credit can also be applied to the customer's wireless bill.

Cons:

• APRs on purchases that are higher than the norm.
• To qualify, you need to have decent credit.
• Does not feature a large number of the benefits of credit cards.
• Verizon Wireless customers with up to ten active phone lines are the only ones who can apply for this card.
• The rewards program for the Verizon Visa Card awards customers with Verizon dollars, which can be applied solely toward paying Verizon Wireless bills or purchasing Verizon products.

Incentives For New Cardholders

A sign-up incentive is being made available to new cardholders of the Verizon Visa Card if you pay your monthly cellular or Fios payment with a Verizon Visa Card or Verizon Dollars. In that case, you may be eligible to get a credit of up to $100 toward the cost of your bill over the first 24 months after you start an account with Verizon. It comes to a total of just $4.17 per billing cycle, but to receive the full savings, you need to pay your monthly payment using your Verizon Visa Card or Verizon Dollars.

How To Maximize Your Redemption

When you make purchases with your Verizon Visa Card, you'll earn Verizon Dollars, which can be redeemed for various things, including the monthly fee for your Verizon Wireless service. Purchases of a phone, tablet, or accessories can also be made at a Verizon shop, another option for redeeming rewards.

You can also redeem Verizon Dollars to offset the cost of your Verizon Fios bill if you have that service. Because your Verizon Dollars will always be worth the same amount no matter which redemption option you select, there is no one technique, in particular, to get the most out of your purchases with them.

You may be able to use your rewards to help cover the purchase of a new phone, or you may choose to use them toward the monthly cost of your Verizon service. It depends on the form of redemption that makes the most sense for your situation.

Should You Get A Verizon Visa Card?

If you are a Verizon client who would be interested in the possibility of saving money on their monthly bill, then you should give this card some consideration. Not only does it waive the annual charge and the price for making overseas transactions, it also provides rewards on common spending categories such as dining out and shopping for groceries.

It should be no surprise that this card is unsuitable for people who already have another cell service provider. It is also not the greatest option for people who want to save money on a range of different types of expenses.

Considering that you may only use your rewards at Verizon, you may want to look into other cashback cards that are not limited to a single retailer. Verizon is the exclusive provider for cashing in rewards.

Conclusion:

Verizon Visa Card functions similarly to store-issued Visas: While points can be accumulated at any Visa-accepting establishment, they can be cashed in for anything from airfare or hotel stays to a selection of gift cards at Verizon or the carrier's loyalty partner. The few customization options for incentives may likely be off-putting to some.

Additionally, there is a significant distinction from standard store cards. You can't just cash in $50 worth of rewards from a store card without making another transaction. Rewards are meaningless if you have no immediate desire or need for whatever the store sells.