Synchrony shuts down my Venmo card

After 3 months of having the Venmo card, the inevitable happened – I was shut down. I had no idea until last night when I opened the Venmo app, the icon for the credit card disappeared. I then called up Synchrony and they said my account was closed. I knew this would happen. In fact, I sort of wanted this to happen. The 6% cashback at grocery was too tempting to not hit it hard. I was never going to use the card again after the promo ended so IDGAF.

How hard did I hit it in December?

I think they owe me some cashback from Dec 25-31, but I doubt they’ll pay me out those rewards. Oh well. Hey at least my Venmo account is still alive; that was a concern with the cc shutdown.

6 comments on “Synchrony shuts down my Venmo card

  1. Eventually all these banks will shut you down for manufactured spending. I was going to Simon Malls and buying tens of thousands of dollars in giftcards and then going to Walmart to get money orders. Eventually Chase and Citibank closed down ALL my cards (not just the ones I was using for Manufactured spending). It wasn’t worth it as I’m still banned 3 years later.

    1. Each person’s situation is different so you’ll have to figure out how to scale up your current routine yourself.

    2. I’ll give you a more helpful, less vague response. I’m sure most of the MS was done with Visa GC at safeway. At 6%, you only need 66k/mo in MS which isn’t unattainable for someone who’s motivated enough and has spare time on their hands.

      When safeway was still giving rewards on GC, I was doing 40k without breaking much sweat. Just simple MS, buying GC and cashing out as MOs (at WM or USPS) or doing billpays.

Leave a Reply

Your email address will not be published. Required fields are marked *