Over the decade or so since the financial crisis, competition in the credit card industry has gradually increased, and going into 2020 it had never been higher. So it might seem the last thing the market needs is another new credit card product.

PayPal's (NASDAQ: PYPL) new Venmo credit card, issued by Synchrony Bank (NYSE: SYF), could be a different story. Not only does it already have a massive user base to market the product to, but there's also something unique about the card's cash-back rewards structure, as Jason Moser and Matt Frankel, CFP, discuss in this clip. 

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Source Fool.com