Unlock Even More Savings with Verizon Visa® Card
Verizon (NYSE, Nasdaq: VZ) has announced significant updates to its Verizon Visa® Card, offering enhanced rewards and savings for both Verizon Wireless and Fios customers. The card now provides 4% rewards on Verizon purchases, grocery stores, gas (including EV charging), and dining, with 1% on other purchases. Cardholders can save up to $10 per account or line monthly on their Verizon bills through Auto Pay. New customers can receive a $100 statement credit after their first purchase within 90 days. Notably, Fios-only customers are now eligible to apply for the card. The Verizon Visa® Card, issued by Synchrony (NYSE: SYF), has no annual fee and allows customers to earn unlimited Verizon Dollars with no expiration date.
Verizon (NYSE, Nasdaq: VZ) ha annunciato aggiornamenti significativi per la sua Verizon Visa® Card, offrendo premi e risparmi migliorati per i clienti di Verizon Wireless e Fios. La carta ora offre 4% di premi sugli acquisti Verizon, nei supermercati, per il carburante (inclusa la ricarica per veicoli elettrici) e per la ristorazione, con l'1% su altri acquisti. I titolari di carta possono risparmiare fino a $10 per conto o linea ogni mese sulle loro bollette Verizon tramite Auto Pay. I nuovi clienti possono ricevere un credito di estratto conto di $100 dopo il loro primo acquisto entro 90 giorni. Da notare che i clienti solo Fios sono ora idonei a richiedere la carta. La Verizon Visa® Card, emessa da Synchrony (NYSE: SYF), non ha alcuna tassa annuale e consente ai clienti di guadagnare Verizon Dollars illimitati senza scadenza.
Verizon (NYSE, Nasdaq: VZ) ha anunciado actualizaciones significativas para su tarjeta Verizon Visa®, ofreciendo recompensas y ahorros mejorados para los clientes de Verizon Wireless y Fios. La tarjeta ahora ofrece 4% de recompensas en compras de Verizon, tiendas de comestibles, combustible (incluida la carga de vehículos eléctricos) y restaurantes, con un 1% en otras compras. Los titulares de la tarjeta pueden ahorrar hasta $10 por cuenta o línea mensualmente en sus facturas de Verizon a través de Auto Pay. Los nuevos clientes pueden recibir un crédito de estado de cuenta de $100 después de su primera compra dentro de los 90 días. Cabe destacar que los clientes solo de Fios ahora son elegibles para solicitar la tarjeta. La tarjeta Verizon Visa®, emitida por Synchrony (NYSE: SYF), no tiene cuota anual y permite a los clientes ganar Verizon Dollars ilimitados sin fecha de caducidad.
Verizon (NYSE, Nasdaq: VZ)가 Verizon Visa® 카드에 대한 중요한 업데이트를 발표했습니다. 이 카드는 Verizon Wireless 및 Fios 고객을 위한 보상과 절약이 향상되었습니다. 카드로는 Verizon 구매, 식료품점, 주유소(전기차 충전 포함), 식사에 대해 4% 보상을 제공하고, 기타 구매에는 1%가 제공됩니다. 카드 소지자는 Auto Pay를 통해 Verizon 청구서에서 월 최대 $10 절약할 수 있습니다. 신규 고객은 첫 구매 후 90일 이내에 $100의 청구서 크레딧을 받을 수 있습니다. 특히, Fios 전용 고객도 이제 카드를 신청할 수 있습니다. Synchrony (NYSE: SYF)가 발행한 Verizon Visa® 카드는 연회비가 없으며, 고객은 무제한 Verizon Dollars을 적립할 수 있고 만료일이 없습니다.
Verizon (NYSE, Nasdaq: VZ) a annoncé des mises à jour significatives concernant sa carte Verizon Visa®, offrant des récompenses et des économies améliorées pour les clients de Verizon Wireless et Fios. La carte propose désormais 4% de récompenses sur les achats Verizon, dans les épiceries, pour l'essence (y compris la recharge de véhicules électriques) et les repas, avec 1% sur d'autres achats. Les titulaires de carte peuvent économiser jusqu'à $10 par compte ou ligne chaque mois sur leurs factures Verizon par le biais d'Auto Pay. Les nouveaux clients peuvent recevoir un crédit de relevé de $100 après leur premier achat dans les 90 jours. Il est à noter que les clients uniquement Fios peuvent désormais demander la carte. La carte Verizon Visa®, émise par Synchrony (NYSE: SYF), n'a pas de frais annuels et permet aux clients de gagner des Verizon Dollars illimités sans date d'expiration.
Verizon (NYSE, Nasdaq: VZ) hat bedeutende Updates für die Verizon Visa® Card angekündigt, die verbesserte Belohnungen und Einsparungen für Verizon Wireless- und Fios-Kunden bietet. Die Karte bietet jetzt 4% Belohnungen auf Verizon-Käufe, Lebensmittelgeschäfte, Benzin (einschließlich E-Fahrzeugladung) und Gastronomie, sowie 1% auf andere Käufe. Karteninhaber können monatlich bis zu $10 pro Konto oder Leitung auf ihren Verizon-Rechnungen durch Auto Pay sparen. Neukunden können nach ihrem ersten Kauf innerhalb von 90 Tagen einen Gutschrift in Höhe von $100 erhalten. Bemerkenswert ist, dass Fios-only-Kunden jetzt berechtigt sind, die Karte zu beantragen. Die Verizon Visa® Card, die von Synchrony (NYSE: SYF) ausgegeben wird, hat keine Jahresgebühr und ermöglicht es den Kunden, unbegrenzt Verizon Dollars ohne Ablaufdatum zu verdienen.
- Enhanced rewards program offering 4% on key categories (Verizon purchases, groceries, gas, dining)
- Up to $10 monthly discount per account/line on Verizon bills through Auto Pay
- $100 statement credit for new customers after first purchase within 90 days
- Expansion of eligibility to include Fios-only customers
- No annual fee and no limits on rewards earning
- None.
Insights
Verizon's enhanced Visa Card program represents a strategic move to boost customer retention and increase revenue. The 4% cashback on various categories is competitive, potentially driving higher card usage and revenue for Verizon. The
However, the financial impact on Verizon may be mixed. While the rewards program could drive higher revenue, it also increases costs. The
Expanding eligibility to Fios-only customers opens a new market segment, potentially driving growth in Verizon's financial services division. Overall, this move aligns with the trend of telecom companies diversifying into financial services to create additional revenue streams and strengthen customer relationships.
Verizon's card program update is a strategic response to the competitive telecom landscape. By enhancing rewards and expanding eligibility, Verizon aims to differentiate itself and increase customer stickiness. The move to include Fios-only customers suggests a focus on cross-selling and upselling services across Verizon's portfolio.
The no-expiration policy on rewards and the absence of earning limits are particularly attractive features that could resonate well with consumers. However, the true test will be in the program's execution and customer adoption rates. Verizon will need to effectively communicate these benefits to drive uptake and maximize the program's impact on customer retention and revenue growth.
This initiative also positions Verizon more firmly in the fintech space, potentially opening doors for future expansions in financial services. The success of this program could inform Verizon's strategy in this sector moving forward.
BASKING RIDGE, N.J., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Verizon announced today exciting updates to Verizon Visa® Card, the only credit card that lets you earn Verizon Dollars on everyday purchases. Issued by Synchrony, Verizon Visa Card adds even more value, offering customers new ways to save and now earn even more rewards.
Enhanced benefits for Verizon Visa Card holders:
- Rewards on everyday purchases: Earn
4% on Verizon purchases (excluding bill payment),4% at grocery stores,4% on gas purchases, including EV charging,4% on dining, including take-out and1% on other purchases. Verizon Dollars can be put towards your monthly Verizon bill and devices and accessories purchases at Verizon. There are no limits on how much you can earn, and no expiration dates. - Savings on your Verizon bill: Pay your Verizon Wireless and/or Fios bill with Verizon Visa Card using Auto Pay and receive up to a
$10 discount per account or line each month (up to 12 lines depending on the plan), and/or$10 off each eligible Fios TV and/or Fios Home Internet account up to$20 (depending on the combination of services). Plus, you’ll also earn1% in Verizon Dollars on your total Verizon and/or Fios bills with your card. $100 Statement Credit: New Verizon Wireless or Fios customers who apply and are approved for Verizon Visa Card will receive a$100 statement credit after making their first purchase within 90 days. The Verizon Visa® Card has no annual fee.- Now available for Fios-Only Customers: For the first time, Fios-only customers are eligible to apply for the Verizon Visa Card. Qualifying customers must have at least one active Fios service.
“At Verizon, we’re committed to delivering exceptional value to our customers,” said Che D Phillip, SVP Consumer Device Marketing at Verizon. “With the enhanced Verizon Visa Card rewards program, both Verizon Wireless and Fios customers can earn more on the things they need every day and save on their Verizon and Fios bills.”
“As the exclusive issuer of the Verizon Visa Card, we are dedicated to working with Verizon to drive innovation of our customer solutions,” said David Parkes, SVP and General Manager, Co-Brand, Synchrony. “These new features are designed to enhance the value and overall experience that we deliver to our customers and allow them to earn valuable rewards on their everyday purchases.”
Apply now
Customers interested in the Verizon Visa Card can visit Verizon Visa Card to learn more and apply. Full eligibility rules are available at Verizon Visa Card Rewards Legal.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of
About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com.
VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.
Media contact:
Ana Rosella Ibarra
ana.ibarra@verizon.com
Lauren Devilbiss
Lauren.Devilbiss@synchrony.com
FAQ
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