If you’re into credit card rewards, you’ve likely heard of a favorite airline rewards card. What you likely haven’t heard of is a favorite chauffer service credit card. That ends today. Ride-sharing service Uber just announced a rewards credit card to the masses, which will be available on November 2, 2017.
We have to say, the perks are excellent.
For starters, the Uber Card comes with a daily cash back rewards program. The most standout reward is the 4 percent cash back on dining. That’s one the most competitive cash back rate for dining expenses, according to research from CreditCards.com; any better deals will likely be temporary as a rotating category reward.
Another unique perk is the 2 percent cash back on online purchases, a distinction not made by other cards. This could be a good perk for the casual online shopper, although heavy duty online shoppers, who are likely shopping on Amazon a lot, might be better served by the Amazon credit card.
Other program perks include 3 percent back on hotel and airfare, a rate competitive with the much-lauded Chase Sapphire Reserve card, and 1 percent cash back on all other purchases. Additionally, those who apply for the card and are accepted will be eligible for a sign-up bonus; those who spend $500 in the first three months will receive $100 in cash back.
The Uber card also has a few nice rebate options. The CreditCards.com article points out that the card gives you a $50 credit towards online subscription services, so long as you spend $5,000 annually on the card. The card also provides $600 in phone insurance, covering instances of damage and theft, so long as you pay your phone bill with the card. That coverage isn’t often offered by a credit card with no annual fee.
Finally, it’s important to understand rewards redemption. A post from The Points Guy notes that cardholders will be able to redeem rewards as Uber ride credits, statement credits or gift cards. Gift cards must be worth a minimum of $25 (2,500 points), while Uber credit must be worth at least $5 (500 points).
It’s clear that this card is geared towards the spending habits and budgets of a younger audience, and overall, this is a solid card for earning rewards on those existing expenses.
January 9, 2018 at 4:45 pm
I was a fan of using MasterCard but this makes me consider switching to Visa. This credit cards rates are sound enough but the perks are excellent. In the end I agree get the Amazon card for online shopping but for everything else its perfect, online subscription discounts and travel rebates including uber of course plus the phone insurance is pretty good.