Does the Verizon Visa have an annual fee?

No. Our record lists a $0 annual fee for the Verizon Visa.

What does the Verizon Visa earn?

4% on Gas Stations, 4% on Grocery Stores, 3% on Dining (restaurants, takeout, delivery), 2% on Verizon Purchases (bill payments excluded), and 1% on other purchases.

Is the Verizon Visa worth it in the first year?

Using our illustration ($12,000 of yearly spending, $3,000 of it in Gas Stations), the first year comes out around $710 before credits, including a welcome bonus valued at $500. Year two drops to about $210 before credits.

What credit do I need for the Verizon Visa?

Our record lists "Good to Excellent" credit as the typical target for the Verizon Visa. Synchrony makes the final decision based on its own criteria.

Verizon Visa® Card

Synchrony

No Annual Fee

Annual Fee

visaGood → Excellentno-annual-fee5 months ago

Welcome Offer

$500Spend $500 within 3 months

OpenCard analysis

Is the Verizon Visa Card right for you?

The Verizon Visa is a no-annual-fee cash-back card from Synchrony. Its strongest everyday earning is 4% on Gas Stations, with 1% on most other purchases. With no fee, the question is simply whether 4% on Gas Stations beats what your current card earns there.

Who it's for

✓ People who spend steadily on Gas Stations, where it earns 4%
✓ Anyone who wants Gas Stations rewards without paying an annual fee

Who should skip it

— Heavy spenders outside Gas Stations — everything else earns 1%

First-year value estimate

Welcome bonus

$500

Rewards on spending

$210

Annual fee (year 1)

−$0

Year 1, before credits

$710

Year two, without the welcome bonus: about $210 before credits ($210 in rewards minus the $0 fee).

Assumptions

$3,000 a year in Gas Stations (4%) and $9,000 on everything else (1%) — $12,000 total, about $1,000 a month.
Rewards valued at 1¢ per point or 1% cash back (cash-equivalent).
Welcome bonus: the $500 bonus at face value ≈ $500.
No annual fee in any year.

An illustration, not a promise of value. Change the spending to match yours; rewards are not cash until redeemed. Card data reviewed 2026-04-27.

How it compares

Blue Cash Everyday →

American Express, same $0 annual fee; earns 3% on gas.

AARP Essential Rewards Mastercard from Barclays →

Barclays, same $0 annual fee; earns 3% on gas stations and drugstores.

Navy Federal cashRewards →

Navy Federal Credit Union, same $0 annual fee; earns 2% on Gas Stations.

Compare side by side →

Rules and gotchas

The welcome bonus requires $500 in 3 months — roughly $167 a month. That fits inside the $1,000 a month in our illustration.

Frequently asked questions

Does the Verizon Visa have an annual fee?: No. Our record lists a $0 annual fee for the Verizon Visa.
What does the Verizon Visa earn?: 4% on Gas Stations, 4% on Grocery Stores, 3% on Dining (restaurants, takeout, delivery), 2% on Verizon Purchases (bill payments excluded), and 1% on other purchases.
Is the Verizon Visa worth it in the first year?: Using our illustration ($12,000 of yearly spending, $3,000 of it in Gas Stations), the first year comes out around $710 before credits, including a welcome bonus valued at $500. Year two drops to about $210 before credits.
What credit do I need for the Verizon Visa?: Our record lists "Good to Excellent" credit as the typical target for the Verizon Visa. Synchrony makes the final decision based on its own criteria.

Earning Rates

4×Gas Stations4% back at gas stations (Verizon Dollars)

4×Grocery Stores4% back at grocery stores (Verizon Dollars)

3×Dining (restaurants, takeout, delivery)3% back on dining (Verizon Dollars)

2×Verizon Purchases (bill payments excluded)2% back on Verizon purchases, excluding bill payment (Verizon Dollars)

1×All Other Purchases1% back on all other purchases (Verizon Dollars)

Other Benefits

Visa Luxury Hotel Collection

Access to Visa Luxury Hotel Collection properties

Verizon Up rewards

Additional Verizon rewards through Verizon Up program

Insurance

Rental InsuranceSecondary

Purchase Protection

Extended Warranty

Sources

Last Updated: Apr 27, 2026