Verizon to launch Verizon Visa Card, exclusively for its wireless customers

By Pavithra R

Verizon has announced the introduction of the Verizon Visa Card, a credit card designed with the savvy, mobile customer in mind and Verizon Dollars.

Verizon Visa Card, issued by Synchrony gives consumer wireless customers the ability to save on their monthly Verizon bill through rewards on everyday purchases and the freedom to use those rewards toward Verizon purchases, including bill payment and the latest 5G phones and accessories. Customers can add the card to their mobile wallets for digital, contactless-use cases.

The company has also introduced a new form of currency called Verizon Dollars which can be redeemed for all things Verizon, including 5G devices, accessories and monthly Verizon Wireless bill, The currency offers customers with rewards earnings for making everyday purchases. The Verizon dollar can be used like normal US Dollar with no limits on earning and no expiration date.

“Providing more of our best when connecting with your friends, your family, and your digital world is at the forefront of everything we do. We created the Verizon Visa Card with our customers in mind, making it the only credit card in the world designed specifically to put Verizon customers first and give them more value, more ways to save and some of the best rewards in the industry for the things they purchase every day,” said Frank Boulben, Senior Vice President of Consumer Marketing and Products at Verizon.

The card is eligible for the Auto Pay discount of up to $10/mo per line on select plans. According to Verizon,  New Auto Pay customers who enroll with the card can get the best pricing on unlimited Verizon plans, and new cardholders can get up to $100 in wireless bill credits over 24 consecutive months when they use their new Verizon Visa Card to pay their monthly Verizon bill. Cardholders will also earn Verizon Dollars on every purchase anywhere Visa credit cards are accepted. Customers also can claim Verizon Dollars through the Verizon Up program and combine them with those earned by spending on their card.

“This card represents what consumers are demanding right now – a contactless, frictionless and digital-first experience. We worked in partnership with Verizon to create a unique, robust rewards program for their customers that uses simple and easy tools to apply, buy and service the card account,” said Tom Quindlen, executive vice president, CEO, Retail Card at Synchrony.

“Visa is proud to partner with Verizon on the introduction of the new Verizon Visa Card. As consumers increasingly seek more ways to stay connected digitally, the Verizon Visa Card provides real savings on Verizon’s products and services, along with benefits for every day and essential purchases. We look forward to collaborating with Verizon on this exciting new program to deliver value for cardholders and enhance their daily payment experiences,” said Kirk Stuart, senior vice president, head of North America Merchant, Visa.

Verizon is also giving qualifying customers with early access to apply for the card with an offer to get up to $1,000 Verizon Dollars if approved. The official launch is set on June 26, 2020.