2020 Review: Uber Credit Card – The Best Credit Card for Uber Rides?
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The Uber Credit Card used to be a dining/travel powerhouse, back when it was named the Uber Visa Card. But those days are gone.
In a rather disappointing update, Barclays recently switched up the card features to reduce the dining rewards and limit redemptions to specific Uber purchases. It’s still a good card for certain people, but has lost the broad appeal that once made it so attractive.
Now, unless Uber is one of your main modes of transportation, you may want to check out a different rewards or travel card to see what else is available.
But if you’re a big fan of Uber, keep reading because this card will give you 5% back in Uber Cash for every ride (and Uber Eats order), and it will be hard to beat that. The other bonus categories aren’t worth writing off, either.
You’ll still pay no annual fee, and there are no foreign transaction fees.
You don’t have to be an Uber driver to get this card. If you are an Uber driver, there’s a special debit card you can use that has different cash back categories: the Uber Visa Debit Card.
Earn $100 back in Uber Cash for spending $500 in the first 90 days
5% back in Uber Cash on Uber purchases, like rides, UberEats, and JUMP scooters and bikes
3% back in Uber Cash at restaurants, airlines, hotels, and travel agencies
Uber Cash never expires
No foreign transaction fees on purchases made while traveling abroad
Mobile phone insurance if you pay your phone bill with your card
No annual fee
Our Rating: 3 Out of 5 Stars
We give the Uber Credit Card 3 out of 5 Stars because although it earns Uber Cash at good rates in a variety of categories, Uber Cash can only be redeemed for certain Uber purchases. If you won’t use Uber somewhat regularly to cash in those rewards, you could find a travel card that would suit you better.
Why We Like It
Excellent reward rate (5%) for Uber rides, Uber Eats, and JUMP bike and scooter rentals
Competitive reward rate (3%) for dining, airfare, and hotels
Cell phone protection
No annual fee
No foreign transaction fee
Why It Could Be Better
You earn Uber Cash, and Uber Cash can only be redeemed for Uber purchases
Paying for Uber rides: Charge Uber rides to your card to earn 5% back, an excellent rate that you probably won’t be able to beat with other no annual fee cards.
When dining out: Use your card at restaurants and bars, for takeout, and with Uber Eats and other food delivery services to earn 3% back.
For travel purchases: Get 3% back on airfare and hotels — once again, a great rate for a card with no annual fee.
Pay your phone bill: Charge your cell phone bill to the Uber card to get up to $600 in Cell Phone Insurance (provides secondary coverage).
Use it for travel: This is a pretty good travel card, because it has no foreign transaction fees so you can use it freely outside the U.S. (in addition to earning rewards on certain popular travel expenses).
Redeem for Uber purchases: The Uber Cash you earn must be redeemed for purchases made in the Uber app: Uber rides, Uber Eats orders, and JUMP bike and scooter rentals. After transferring your Uber Cash to your Uber account you’ll be able to use it to pay for purchases.
If you were a cardholder of the old Uber Visa Card, you should have received an email explaining the change to the new product. The new rewards structure will activate for you on your product change date (given in the email). You can continue to use the old program, earning cash back and redeeming for statement credits, up until 24 hours before your product change date.
5% back in Uber Cash for:
JUMP bikes and scooters
3% back in Uber Cash for:
Vacation home rentals
1% back in Uber Cash for all other purchases
Introductory Bonus Offer
$100 in Uber Cash for spending $500 in the first 90 days after account opening
Return on spend: 20%
5% back for Uber rides is great, but if you find a Lyft or anyone else offering the same ride for less you’ll only earn 1% with this card. So you’re incentivized to use Uber, but take note that it will often be more cost effective to use the cheaper service, even if you’ll earn less in rewards. Remember, the goal is to pay as little as possible overall, rather than accrue rewards.
If you take an Uber for $20 and earn 5% back, that’d be $1 in rewards. So you could say the ride cost you $19.
If you take a Lyft for $19 and earn 1% back, that’d be 19¢ in rewards. So you could say the ride cost you $18.81.
The Uber card is competitive for the 3% categories in the space of no annual fee credit cards. There are several such cards with either a good dining or travel category, while few have both.
But as shown above, this Uber-centric card isn’t great for other rideshares, and the travel categories aren’t as broad as they could be. So you may prefer a more flexible travel card (and we’ll get into more reasons why in the next section).
The newly designed Uber Credit Card now earns rewards in the form of Uber Cash, rather than the simple cash back of the old version.
Uber Cash can only be used in the Uber App, for purchases of Uber rides, Uber Eats orders, and JUMP bike and scooter rentals. It can’t be used to buy Uber gift cards.
Before it can be used, your Uber Cash must be transferred to your Uber account. There are two ways to make this happen:
At any time, you can use the Uber app to transfer your Uber Cash to your Uber account by selecting the option to manage your credit card rewards.
When you reach $50 in Uber Cash, the rewards will automatically be transferred to your Uber account the next time you access the Uber app.
Once it’s in your Uber account, Uber Cash can be used to help pay for purchases and services in any amount, from 1¢ up.
The Uber Credit Card is available as either a Visa Signature (if your credit is a bit better) or a Visa Platinum. The rewards and most of the terms for each version are the same, but you’ll get slightly different Visa benefits depending on your card tier. Some of these benefits have changed or been removed since the card was updated.
Invitations to Exclusive Events: Uber credit cardholders will occasionally receive invitations to Uber Exclusive Events in big cities around the U.S. (I’ve had the card for over a year but haven’t received any invitations to cool events. 😞)
Free FICO credit score: Check your FICO Score 8 for free, whenever you’d like, based on your TransUnion credit report.
Cell Phone Insurance: Pay for your entire monthly wireless bill with the Uber card to get secondary coverage for damage, theft, and eligible loss; up to $600 per claim with a $50 deductible, up to two times and $1,000 per 12-month period.
There’s no foreign transaction fee, which is less common for a card with no annual fee. But this makes sense because of the 3% travel-related categories. Most other cards will charge up to 3% on foreign transactions, so you can save a lot of money by traveling with the Uber card instead.
What Is the Credit Limit of the Uber Credit Card?
Your credit limit for the Uber card will be based on your creditworthiness when you’re approved. There’s no specified minimum or maximum credit limit.
This card is available as a Visa Platinum or Visa Signature; we expect that to get a Visa Signature card you’ll need to be approved with a starting credit limit of at least $5,000 (this is how similar cards work).
The Uber Credit Card lost some of its magic when it was redesigned, but habitual Uber users can still find a lot of value here.
5% back for Uber is better than you can easily find with other cards, especially for no annual fee. The rates on the other bonus categories are equal to or better than what you’d get from many other travel cards. And with no foreign transaction fee, you don’t have to swap to a different card when you cross the border.
But the redemption options restrict this card’s usefulness quite a bit. Will you use Uber enough to cash in your rewards on a somewhat regular basis? Do you spend quite a bit on dining and travel, but not much on Uber? If so, you may earn more rewards than you know what to do with.
There’s no annual fee, however. So if you use Uber a lot right now but end up slowing down eventually, you can keep this card open and just throw it in the proverbial sock drawer.
The Uber Credit Card is not bad at all if you’ll spend in the bonus categories and can easily redeem for Uber purchases. But if that doesn’t sound like you, check out some alternative cards below.
How to Apply for the Uber Credit Card
Apply for the Uber card by hitting the Apply Now button below. You’ll be taken to Barclays’ webpage, where you can enter your information.
Usually you’ll get an instant decision after applying, either yes or no. In some cases Barclays may request more information to process the application.
What Credit Score Do You Need to Get the Uber Credit Card?
There is no specific credit score needed for the Uber card. We suggest having credit in at least the fair/average range if you want to apply.
But keep in mind that credit card applications are evaluated based on a number of criteria, and only of them is your credit scores. Other factors matter too, including your income and history with the issuer, so having a particular credit score is no guarantee of approval or denial.
Qualifications and Requirements
Must be 18 to apply
Personal identifying information, including SSN, email address, and phone number
You’ll get to choose the 3% category you want every month out of a nice variety of bonus categories, but the downside here is that you can’t have travel and dining active at once. So you’ll have to plan ahead a bit to get the most out of this card.
3% cash back in your choice of one category:
Home improvement or furnishing stores
2% cash back at:
1% cash back everywhere else
Spending limit: 3% and 2% rewards limited to $2,500 in quarterly purchases
Introductory Bonus Offer
$200 cash rewards bonus for spending $1,000 in the first 3 months after account opening
Return on spend: 20%
Free FICO credit score: Check your FICO Score 8 for free, based on your TransUnion credit report.
Shopping and Travel protections: Price Protection, Extended Warranty Protection, Auto Rental Collision Damage Waiver, and more.
Purchase and Balance Transfer APR: 0% for 12 billing cycles, then 16.24%–26.24% Variable APR
Foreign transaction fee: 3%
Annual fee: $0
No annual fee
$200 online cash rewards bonus after you make at least $1,000 in purchases in the first 90 days of account opening
NEW OFFER: Maximize your cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement /furnishings
Now earn 3% cash back in your choice category and 2% at grocery stores and wholesale clubs (up to $2,500 in combined choice category/grocery store/wholesale club quarterly purchases), and unlimited 1% on all other purchases
You can update your choice category for future purchases once each calendar month using the Mobile Banking app or Online Banking, or do nothing and it stays the same
No expiration on rewards
0% Introductory APR for 12 billing cycles for purchases, and for any balance transfers made in the first 60 days. After the intro APR offer ends, 16.24% – 26.24% Variable APR will apply. A 3% fee (min $10) applies to balance transfers
If you’re a Preferred Rewards member, you can earn 25% – 75% more cash back on every purchase
You’ll pay a $95 annual fee, but for that you get a solid rewards program that lets you transfer points to popular airline and hotel loyalty programs. And you’ll get pretty good perks and protection benefits too, including primary auto rental insurance.
2X Ultimate Rewards points per dollar on:
1X Ultimate Rewards point per dollar for every other purchase
Introductory Bonus Offer
60,000 Ultimate Rewards points for spending $4,000 in the first 3 months after account opening
Value: $600–$1,200(1–2 cents per point)
Return on spend: 15%–30%
We recommend redeeming your Chase Ultimate Rewards points via point transfers whenever possible. Transfer them to an airline or hotel loyalty program, and you could get as much as 2 cents per point or more.
That’d give you a cash back equivalent of 4% in the travel and dining categories, a pretty nice arrangement.
Redemptions for travel expenses through Ultimate Rewards will provide a 25% point bonus; not bad, but not as good as you could get through a transfer.
Point transfer: Transfer points at a 1:1 rate to leading airline and hotel frequent travel programs, like Marriott Bonvoy or United MileagePlus.
15,000-point referral bonus: Get 15,000 points for every friend you refer who applies for the card and is approved, up to 75,000 bonus points per year.
Luxury Hotel Collection: Book eligible rooms to get perks like daily breakfast for two, complimentary WiFi, room upgrades, early check-in, late check-out, and unique gifts.
Consider the Uber Credit Card if an Uber ride (or an Uber Eats order) is never far in your future. You’ll need to redeem your rewards for Uber purchases, but this could work out if ridesharing is a regular thing for you.
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