Venmos debit card now gives you 5 percent cash back at Target, Sephora, and Wendys

Venmo announced today that it’s launching Venmo Rewards, a rewards program for its physical Venmo debit card. The program will give you automatic cash back at certain retailers if you pay with the Venmo card.

Venmo says that the Venmo card will initially earn you 5 percent cash back at Target, Sephora, and Wendy’s, and 4 percent cash back at Dunkin’. However, these are “limited-time offers” — though Venmo tells us that new offers will be added on an ongoing basis (and you can see where there are deals by using the app). But if you don’t buy from one of the places where there’s an offer, you won’t get cash back.

According to Venmo, any cash back will be deposited straight into your Venmo account, and from...

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