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Are the Venn Mastercard credit cards?

Michael Tan avatar
Written by Michael Tan
Updated over 3 months ago

Venn Mastercards are secured charge card. This means you can only spend what you already have in your account as funds are taken from your account as security and used to settle your bill every few hours. As each purchase is covered by your available balance, helping you avoid unexpected interest charges or monthly credit card fees.

Unlike other cards, your Ultimate Venn Mastercard offers:

  1. No Surprise Fees
    The Venn Mastercard only works if you have enough funds—so no unexpected credit card charges.

  2. Instant Virtual & Physical Card
    Get a virtual card instantly for online use. Physical cards can arrive within 1 business day.

  3. Cashback Rewards: Earn 1% on your card purchases—automatically save as you spend on business essentials.

  4. Great FX Rates
    Enjoy low FX rates from 0.25%—much lower than the 3.00%+ charged by other cards.

  5. Smart Currency Matching
    We’ll use your USD, GBP, or EUR balance if available—so you avoid conversion fees.

  6. No Funds? No Problem
    If your foreign currency balance is low, we’ll automatically process the transaction in CAD.

  7. Smart Expense Controls: Manage all company spending with unlimited cards, set individual limits, and lock or delete cards anytime.

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