Uber Visa Credit Card Review
Have you been looking for a card that awards you for your Uber rides? The new Uber Visa Credit Card from Barclaycard could fill that gap. It also awards other entertainment type purchases that aren’t always included in rewards card categories. But can it compete with the handful of rewards cards already tackling those categories and, is it the best card for Uber rides?
Photo via Flickr/Freestocks.org
With the recent news that the American Express Starwood Preferred Guest card would no longer award bonus Starpoints for Uber rides, you might be looking for a decent replacement. The Uber Visa card is the newest option to hit the market, awarding 2% cash back for Uber rides. In addition to Uber rides, the new card will award the following:
- 4% back on dining, which includes restaurants, takeout, bars and Uber Eats
- 3% back on hotels, airfare, travel agencies, and vacation home rentals like Airbnb
- 2% on online shopping at retailers such as Amazon and Walmart, and on Uber, video and music streaming services like Netflix and HBO Now, and other online services like Instacart and TaskRabbit (excluding certain online purchases including third-party payment services).
- 1% on all other purchases
You can redeem your rewards at 500 for $5 in Uber credits and 2,500 for $25 on all other redemptions. You can also choose to redeem for gift cards, a check, or statement credit as well. There is also a one-time bonus of 10,000 points after you spend $500 in purchases within the first 90 days of opening the account. You can redeem this bonus for $100 in Uber credits, cash back, or gift cards. Read about other great credit card sign-up bonuses here.
Where the Uber Visa Card Wins
The Uber Visa card shines in a number of purchase categories that you don’t get with other cards, like your online shopping, Netflix subscriptions, and, of course, your Uber rides. (Also consider our best cards for online shopping.) Plus, it could be a decent travel rewards card with the 3% you earn on most types of travel, which could be slightly more than you’d earn with other travel cards. If you spent $5,000 with your card in a year, you get a $50 credit that is applied toward online subscription services like Netflix.
There’s also a $600 Mobile Phone theft or damage reimbursement, if you pay your phone bill with your card. This can be used twice per year. There’s only a $25 deductible, which will save you money if your iPhone breaks.
Further, there is no annual fee or foreign transaction fee with this card, which is somewhat rare in the world of travel rewards credit cards.
How it Stacks Up to Other Options
There aren’t many other cards that will cover as many bases as this card. However, the Uber Visa credit card falls short in other areas.
The Platinum Card from American Express
The Platinum Card from American Express offers $15 in Uber rides each month, plus a bonus $20 in December, up to a total of $200 in Uber rides every year. This card also gives you up to a $200 credit every year for baggage fees on one airline, as well as credit toward Global Entry or TSA Pre✓. You also earn 5X Membership Rewards points on flights and hotels booked with airlines or with American Express Travel and, new cardholders can earn a 60,000 points bonus if you make $5,000 in purchases within the first three months of card membership. If you aren't convinced, check out 9 Reasons to Get An American Express Platinum card.
Granted, this card also comes with a much higher annual fee of $550. But, if you’re looking for a rewards card that covers your Uber rides and travel, it’s worth considering. One other bonus is you get Uber VIP status, which surprisingly isn’t offered with the Uber Visa card.
Chase Sapphire Reserve
Although it’s another high-annual fee card ($550 per year), the Chase Sapphire Reserve awards 3x points per dollar spent on travel and dining. And, because of the high valuation of Chase Ultimate Rewards points, there’s a good chance your dollars will go further with this card, even with the annual fee.
Other benefits you get with this card include Priority Pass membership, $100 Global Entry credit, $300 per year in travel credit, and other valuable elite travel perks. Plus, this card currently offers new cardholders 50,000 bonus points if you spend $4,000 in the first 3 months of opening your account. If you redeem these points through Chase Ultimate Rewards, it’s worth $750 in travel. Even the Chase Sapphire Preferred card, which earns 2x points per dollar spent on travel and dining, is more rewarding than the new Uber Visa card on Uber purchases.
As you can see, the new Uber card isn't exactly the best card for Uber rides. However, things may get interesting in 2018, when the card will allow transfer partners for your points earned (according to The New York Times), not unlike Ultimate Rewards, Membership Rewards, or ThankYou Points. While no partners or transfer rates have been announced, we’ll keep an eye out and let you know as soon as the news breaks.
In the end, even if you rely on other prestigious travel cards for most of your travel benefits, you’ll likely appreciate the Uber Visa credit card for purchases that you don’t normally think about earning rewards from. It makes it easy to set up payment of all your subscription services like Netflix and Hulu and earn cash back without even thinking about it.
With the one-time bonus and the annual bonus if you spend $5,000 on your card, you can potentially earn $150 your first year (not including the cash back you earn from your purchases), which is impressive for a card with no annual fee and no foreign transaction fee. For Uber rides themselves, however, you have better options.
If you decide to take it for a spin, you can apply for the Uber Visa card directly through your Uber app or online on November 2.