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I tend to leave a pretty decent amount of money in my Venmo account. I consider it my "play" money. Usually, I have my buddy use his reward credit card and I Venmo my part of the bill (mutually beneficial). Having a card would make things a lot simpler for me.

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Interesting, do you then always forfeit the credit card rewards to your friend? Everyone's situation is different but usually credit card points can be quiet valuable coming in at 3% to 5% of the swiped amount.

(For example, $1000 spent on wining and dining over a month can equal approximately $20 to $50, depending on how you spend your reward points).

Yup. That's the trade I guess :)

I wouldn't personally do this because Venmo isn't a bank and that money is not FDIC insured.

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