We’ve heard a lot of interest coming from our employees about the Verizon Visa Card and we have an exciting announcement.
We’ve teamed up with Synchrony Bank to offer a limited-time employee only Verizon Visa Card (VVC) program. Application to this program is voluntary. With this program, our employees will be able to increase their product knowledge with firsthand experience of the benefits of the VVC. This program will be available until the end of 2021 or until we reach 8,000 VVC cardholder accounts, whichever occurs earlier.
How does this program work? How does this program work?
- If approved, your credit limit will be based on your credit history and Synchrony Bank’s credit criteria.
- Review the Verizon Visa Card Employee Program Terms & Conditions.
- Confirm you’re enrolled in the Employee Phone Program.
- You’ll be redirected to Synchrony Bank to fill out your application.
- After 3 bill cycles, you can ask Synchrony Bank to review your credit limit.
Verizon Visa Card Employee Program Terms & Conditions Verizon Visa Card Employee Program Terms & Conditions
The following Verizon Visa Card Employee Program Terms & Conditions (T&Cs) apply if you wish to apply for the VVC using this process. These T&Cs are in addition to the cardholder terms and conditions that Synchrony Bank will provide to you, if you’re approved for the VVC.
Eligibility: If you are in a position that is customer-facing in wireless direct retail or telesales and have been employed by Verizon for at least 12 months, you are eligible for this special VVC program. If you are already a VVC cardholder you are not eligible.
Application: If your application is declined by Synchrony Bank, you may apply again if it has been at least 30 days from the date of your initial application.
Credit Approval: Your application will be subject to credit approval by Synchrony Bank. If approved, the minimum credit line extended is $500.
Account Close: If your employment by Verizon ends for any reason, Verizon will notify Synchrony Bank and your VVC account will be immediately and permanently closed.
Important Credit Reporting Notice: Participating in this program does not prevent Synchrony Bank from providing negative information related to your VVC account to credit reporting agencies in the event of non-payment of your VVC bill.
Taxes: If you don’t pay your VVC bill and Synchrony Bank considers your account uncollectable, any unpaid balance, including interest and fees, generally will be additional taxable income and you will be responsible for the taxes on that amount. Those taxes will be deducted from your future paycheck(s), to the extent permitted by law. This additional income and the taxes will be reported on your W-2, even if you are no longer employed by Verizon. Consult with your tax professional for advice if you also receive a Form 1099 from Synchrony Bank.
By selecting “Apply for employee program” I acknowledge and agree to the Verizon Visa Card Employee Program Terms & Conditions.