"Venmo announced an industry-first feature to the new rewards structure of its Venmo Credit Card introducing split-to-earn that rewards how people already spend with friends for shared experiences. Beginning October 15th, customers who open a new Venmo Credit Card can earn up to 4% cash back on dining and entertainment purchases: 3% automatically on every eligible transaction, plus an additional 1% when they split those purchases with friends on Venmo in the app."