An Uber Credit Card Might Be in the Works


Update: It has now been confirmed that an Uber credit card is being released in fall 2017 by Barclaycard, per a variety of media reports.

All that is known so far is that Visa will be the payment network provider and Barclaycard will be the card issuer. And that the card can be used outside of Uber transactions.

My guess is it’ll offer some sort of Uber rewards program whereby you get X points per dollar spent that can be redeemed in the form of Uber credit.

Should be interesting given the Uber/Amex relationship, and could in fact dilute it.

Recently, Uber and American Express cozied up by including a $200 annual Uber credit on the revamped and more expensive Amex Platinum card.

But it’s possible Uber may go a step forward and introduce a full-fledged “Uber credit card” based on a survey posted to Reddit.

The poster shared a screenshot that appeared to show three different options for a hypothetical Uber credit card, all providing 3% back on Uber purchases.

Additionally, all three options would come with a sign-up bonus of $50 in Uber ride credit when you spent $1,000 in the first three months.

Uber Credit Card Option 1 provides:

– 3% back on Uber, hotels, and airfare
– 2% back on online shopping and dining
– 1% back elsewhere

The “back” seems to refer to an Uber rewards program that allows redemptions for Uber credits, cash back, gift cards, or hotel/airline purchases.

It also comes with the added benefit of being able to land “top rated drivers” for uberX rides as well as early access to new restaurants in the uberEATS program.

Uber Credit Card Option 2 provides:

– 3% back on Uber and dining
– 2% back on online shopping, hotels, and airfare
– 1% back elsewhere

Here the “back” is only good for Uber credits, not cash back or other stuff.

For additional card benefits, it allows for the selection of “newer vehicles” for uberX rides, discounts at local shops and restaurants, and early access to concerts and sporting events.

They also throw in three waived cancellation fees per month for uberX rides if you want to bail without getting hit with the typical $10 fee for canceling after five minutes have elapsed.

Uber Credit Card Option 3 provides:

– 3% back on Uber and dining
– 2% back on online shopping, hotels, and airfare
– 1% back elsewhere

Again, this option only seems to allow for Uber credit redemptions, but also comes with more Uber benefits such as getting specific types of uberX vehicles, like newer cars or “Only Teslas.”

And discounts are local shops/restaurants, early access to events, and 120-day protection on new purchases made with the card.

Does an Uber Credit Card Make Any Sense?

All in all, while purely speculation and no more than a survey at the moment, it doesn’t come off as all that enticing.

As I’ve said before, you’re often better off using a non-co-branded credit card to get the most value with a certain brand.

For example, you might be able to earn Ultimate Rewards faster than you can earn Marriott Rewards points, and then you can simply transfer your UR to the Marriott loyalty program.

Similarly, there are lots of credit cards that offer cash back on travel and/or ground transportation, which often includes Uber and UberEATS.

Additionally, many credit cards come with annual credits for the same thing, such as Chase Sapphire Reserve and Amex Platinum, meaning you can get $200 or $300 in free Uber rides each year.

Maybe someone who uses Uber all the time would like the Uber credit card due to the improved vehicle choice and top driver perks, but it’s hard to say if that alone would be worth holding the card.

We also don’t know if there would be an annual fee, a semi-important detail that could certainly change the outlook of such an offering.

In any event, an Uber credit card wouldn’t be a mind-blowing event for me.

I only like co-branded credit cards when they come with mega sign-up bonuses. Otherwise, they’re usually far too restrictive in terms of points redemption. Still, it’ll be interesting to see if something materializes.

Uber Fuel Card for Drivers

Back in 2015, Uber launched a “Partner Fuel Card” that allows its drivers to receive an automatic discount of 1.5% on fuel purchases.

Additionally, extra savings at participating gas stations mean they can earn up to 15 cents off each gallon of gas they purchase.

The MasterCard product from FleetCor also allows cardholders to deduct these purchases from their Uber earnings each week.

A minimum of 100 rides per month is required to get and keep the Uber Fuel Card, which is actually a charge card (no credit check required).

For the record, it only works at gas stations where MasterCard is accepted.

Author: Colin Robertson

Colin created this blog after spending several years in a job that required him to scour credit reports on a daily basis. His goal is to help individuals better understand their credit and get the most out of credit cards.

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