Uber has moved from transportation to bank cards with the introduction of the Uber Visa. However is it a great rewards card? We have now all the small print in our Uber Visa evaluation.
The favored ride-sharing service Uber has not too long ago entered the bank card sport with its Uber Visa Card. This slick-looking black card comes with an fascinating set of rewards. Right here, we’ll speak in regards to the card’s rewards construction, bonuses, and disadvantages.
In This Article:
- Uber Visa Card Rewards
- Different Perks of the Card
- Different Card Particulars
- Is it Price It?
- Who’s it For?
Uber Visa Card Rewards
This card may be very a lot geared in direction of those that journey and dine out often. It gives the next money again rewards:
- 4% money again on eating, together with eating places, takeout, bars, and UberEATS deliveries
- 3% money again on inns and airfare, together with trip residence leases
- 2% money again on on-line purchases, together with Uber, on-line buying, and video and music streaming purchases
- 1% money again on every thing else
The money again rewards are literally awarded as factors. If you happen to spend $1 at a restaurant, you get 4 factors. You’ll want at the very least 500 factors, the equal of $5, to money in. When you attain that threshold, you’ll be able to redeem your factors for Uber credit, money again, or reward playing cards. The factors have the identical worth no matter the way you determine to redeem them.
So long as your account is open and in good standing, there isn’t a restrict to the quantity of factors you’ll be able to earn. As with different rewards bank cards, the place your factors fall with the Uber card will rely upon the class code the service provider makes use of.
The Uber Visa Card additionally has a pleasant bonus. It permits you to get $100 in money again after you spend $500 on purchases throughout the first 90 days of card membership.
Different Perks of the Card
Apart from money again rewards, this card comes with a number of different fascinating perks, a few of that are clearly geared in direction of Millennials. The perks embody:
- No annual payment
- A $50 subscription card for on-line subscription companies after you spend $5,000 or extra on the cardboard in a single 12 months
- As much as $600 in cell phone injury safety while you pay your invoice along with your card
- Entry to unique occasions and gives within the U.S.
- No overseas transaction charges
- Straightforward-to-use app that permits you to handle and redeem rewards rapidly
Different Card Particulars
The issuer of the Uber Visa is Barclaycard, which has an excellent fame as a bank card issuer. The variable APR is between 15.99% and 24.74%, relying on creditworthiness. Sadly, this card doesn’t have any stability switch or buy introductory gives.
One different potential disadvantage is that this card doesn’t will let you switch your factors to a different level program. This may make it exhausting to get extra worth out of your factors or to mix them with factors earned on different bank cards.
Is it Price It?
With the 2-4% money again on particular classes, this might be a tough bank card to show down for frequent vacationers. The subsequent finest bank card for eating out, the Capital One Savor Money Rewards Credit score Card, gives 3% money again at eating places. The Uncover it card gives 5% money again on restaurant purchases, however just for a part of the 12 months and on as much as $1,500 in purchases.
So if you happen to dine out often, the Uber card is unquestionably value contemplating. And the opposite high-value classes aren’t too shabby, both.
However, this card’s sign-up bonus doesn’t stand out from the gang. And the cardboard makes it unattainable squeeze extra worth out of your factors by transferring them to different rewards applications. You possibly can’t get larger values on sure points-based purchases, and you may’t switch the factors to a different program the place you’d get extra worth for the factors.
Nonetheless, if you happen to like an easy money again expertise and spend quite a bit on this card’s high-value classes, it positively deserves a glance.
Who’s it For?
The Uber Visa Card is a good possibility for frequent Uber riders and those that dine out typically. It’s additionally nice if you happen to often store on-line and wish further bonus factors you don’t get in your different bank cards.
If you happen to fly or keep in inns typically, take a look at the universe of journey rewards bank cards earlier than you decide on this one. You might discover which you could earn extra factors elsewhere, particularly if you happen to can squeeze extra worth out of your factors by redeeming them immediately for air journey or transferring them to a different program.