Venmo, a peer-to-peer (or “P2P”) payment app, recently unveiled a Mastercard-branded card that allows users to pay for items with money stashed in their accounts. The card is similar to a Visa-branded card introduced last year by Square Cash that allows users to spend money in their Cash P2P app.
Both cards can be linked to your bank account. In the case of the Venmo card, you can choose to have your card automatically reloaded if you don’t have enough money in the app to pay for a purchase. The Cash card must be reloaded manually from your bank account. If you don’t have enough money in the app to pay for a purchase, the card will be declined.
Meanwhile, Starbucks has introduced a Visa-branded prepaid card aimed at people who can’t get enough free coffee. Unlike the Starbucks app, which can only be used to buy Starbucks products, the Chase Bank prepaid card can be used anywhere that Visa is accepted. Users earn one star in the Starbucks loyalty program for every $10 they spend with the card.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
None of the cards has a monthly fee, and all offer zero liability as long as you report unauthorized transactions within 60 days.
-
Stock Market Today: Stocks Rally Despite Rising Geopolitical TensionThe main indexes were mixed on Tuesday but closed well off their lows after an early flight to safety.
-
What's at Stake for Alphabet as DOJ Eyes Google's ChromeAlphabet is higher Tuesday even as antitrust officials at the DOJ support forcing Google to sell its popular web browser. Here's what you need to know.
-
Roth IRA Contribution Limits for 2024 and 2025Roth IRAs Roth IRA contribution limits have gone up. Here's what you need to know.
-
Four Tips for Renting Out Your Home on Airbnbreal estate Here's what you should know before listing your home on Airbnb.
-
Five Ways to a Cheap Last-Minute VacationTravel It is possible to pull off a cheap last-minute vacation. Here are some tips to make it happen.
-
How to Figure Out How Much Life Insurance You Needinsurance Instead of relying on rules of thumb, you’re better off taking a systematic approach to figuring your life insurance needs.
-
Five Reasons You Shouldn't Shop on Amazon Prime DaySmart Buying Think twice before getting lured into buying a bunch of stuff you don't need just because it's on sale.
-
Amazon Big Deal Days Is Coming! We’ve Got All the DetailsAmazon Prime To kick off the holiday season with a bang, Amazon Big Deal Days runs Tuesday, October 8 and Wednesday, October 9.
-
How to Shop for Life Insurance in 3 Easy Stepsinsurance Shopping for life insurance? You may be able to estimate how much you need online, but that's just the start of your search.
-
Five Ways to Shop for a Low Mortgage RateBecoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
