Uber Visa Card
There’s a brand new rewards card from Barclaycard that’s about to become very popular. The new Uber Visa is the latest cashback card, and it’s getting a lot of well-earned attention. We’ll do a deep dive to see what makes this card different.
To begin, it’s worth noting the obvious that this isn’t your typical co-branded card. The Uber Visa is the first rewards card to partner with a 21st century tech company that uses a mobile app as its primary interface.
While Uber customers are typically on the younger side, all generations will find value in this card with its generous cashback bonuses. You can earn 4.0 percent cash back at restaurants, 3.0 percent back for certain major travel expenses, 2.0 percent back on most online and mobile purchases (including Uber rides) and 1.0 percent back everywhere else. Wow!
Like all good credit cards, the Uber Visa has a sign-up bonus, too. You’ll get $100 after spending $500 within 90 days, a reasonable minimum spend for an average sign-up bonus. Not bad for a no annual fee card. Couple that with cell phone insurance and a streaming subscription credit, and this is looking like one of the best cards to come out this year.
Sound good so far? Keep reading.
Features and Benefits
Knowing what benefits come with a credit card can help you decide if it’s a good fit for you. Here we cover the bonuses and perks that the Uber Visa Card offers and the value of the Barclays points you earn.
This credit card comes fully loaded with perks aimed at the savvy credit card enthusiast. We’ve already mentioned the $100 sign-up bonus and industry-leading 4.0 percent back on dining, but there are many unique features about the new Uber card.
First off, you can apply for the Uber card while using the Uber app, and if you’re approved, you can start using the card right away. You could literally be taking an Uber, apply for the Uber credit card, and pay for your ride within minutes. This is the future.
Another benefit unique to this card is the annual $50 streaming subscription credit you can earn if you spend at least $5,000 per year. This credit is automatically applied to your card as a rebate on purchases from Netflix, Spotify and the like. What could make this better? It’s actually an annual credit that you can earn year after year.
What You Get
- $100 sign-up bonus after spending $500 within 90 days of signing up
- 4.0% back on dining, which includes restaurants, bars and UberEATS
- 3.0% back on airfare, hotels and home-sharing services like Airbnb
- 2.0% back on most online and mobile purchases
- $50 streaming services credit after spending $5,000 in a year
- $600 mobile phone protection if you pay your bill with the card
- No foreign transaction fees
- Redeem rewards for as little as 500 points for $5 off an Uber ride
- Free FICO score
- No annual fee
All the rewards you earn are managed through Barclaycard and can be used as ride credits with Uber, a statement credit on your credit card bill or toward an array of gift cards. Each point is worth one cent regardless of how you redeem, and you can cash in as little as 500 points for $5 off your Uber ride. If you go with a statement credit or gift cards, those redemptions start at 2,500 points.
Unlike some cards, there is no special financing that comes with the Uber Visa. Then again, if you really need six months to pay off your Uber rides, maybe it’s time to rethink your transportation expenses.
A lot of credit cards give you extra benefits, such as a VIP or elite membership with the co-branded merchant, but this isn’t the case with the Uber Visa. Since the card’s rewards program is managed by Barclaycard, you get no special perks as an Uber user, nor any special status or benefits when taking normal rides.
In early 2017, American Express revamped the personal version of their long-running Platinum card, which included monthly Uber credits and VIP status with Uber. Unfortunately, no similar benefits exist with the new Uber credit card. Further, the Uber Visa rewards program is not exclusively an Uber loyalty program. Any points you earn can be used toward Uber rides, but the program is managed by Barclays.
One other exclusive benefit to the Uber card is access to events and offers in major U.S. cities like New York, San Francisco, Los Angeles, Chicago and D.C. At the time of this writing, no further details have been announced as to what types of events these could be. These could be ultra exclusive events like backstage concert access, or they could be specially-curated events similar to what Chase offers to Sapphire card members, but we don’t know anything yet.
What is the Value of Uber Visa Card Rewards
With the Uber Visa credit card, all points are worth one cent each. It doesn’t matter how you earn them or how you redeem them, each point is worth one cent toward Uber rides, statement credits or gift cards. You choose what works for you.
What is CPP and How is it Calculated?
Cents Per Point (CPP) is a way to measure the value of points. It tells you how many cents you get for each point you redeem by dividing the cash price of the hotel room by the number of points of an equivalent award stay costs. This can be a somewhat subjective calculation because the price of the stay in both cash and points fluctuates by season and availability.
We use the following formula to calculate the CPP:
Everyday Earnings with Uber Visa Card
Before you grab your smartphone to apply, let’s consider how much cash you will earn with this card. At minimum, you’ll get 1.0 percent cash back on every purchase, which is a very average rate of return.
If you like to shop online or from your phone, you’ll get 2.0 percent back. That includes all types of Uber rides (Uber Pool, Uber Black, etc.). And if you like to travel outside your hometown, you’ll get 3.0 percent back on airfare, traditional hotels and vacation home rentals.
But the highest bonus category is the 4.0 percent back you can earn at restaurants, bars and takeout joints, as well as from food ordering services and UberEATS. For a no-fee card, this is amazing. No other credit card consistently earns cash rewards at this rate, let alone for the ever-popular dining category.
- Brand earn
- All Other Purchases
The Uber card offers 3.0 percent back on a few forms of travel, but it’s not as broad as the Chase Sapphire Reserve that also includes mass transit, taxis, tolls and more. With the new Uber Visa, you’ll earn 3.0 percent back for airfare, hotels and vacation home rentals. Though not all-inclusive, this covers most major types of travel.
It’s worth pointing out that unlike some other travel cards, the Uber Visa does not earn bonus points on gas station purchases. I guess they figure you’re not buying much gas if you take Uber often.
While these bonus categories are great, it’s important to remember that you’re earning points with a fixed redemption value. It’s a cashback card, so you can’t stretch the value of your points like you could with the Citi Premier, for example.
You can, of course, cash in your Uber credit card rewards as statement credits toward your travel purchases, including airfare, but your rewards cannot be transferred to major travel loyalty programs. While this isn’t as exciting as more flexible reward cards with transferable points, you will earn miles on a flight purchased with cash back since you’re flying on a revenue fare. That’s not possible with award flights.
Should You Get the Uber Visa Card?
The Uber card is sure to make a splash for a variety of reasons. For a no annual fee card, it offers a compelling amount of cash back that can be redeemed in multiple ways.
It comes with an exceptional 4.0 percent back on dining, which is not found as a permanent category bonus on any other card currently available. Without even flexing, this card seems like a winner. Add in 3.0 percent back on airfare, hotels and home-sharing services, and you might be wondering why you would ever use another credit card.
Oh, and don’t forget about the $50 streaming credit you can earn, along with the $600 cell phone protection option, and this card may seem like the only card you need in your wallet.
Surprisingly, the rate you earn cash back while taking Uber is only 2.0 percent. While that’s not bad, other credit cards earn similar rates, so you’d think that on the actual Uber credit card you would be rewarded with a higher rate of return. The only real tie to Uber is that you can apply for the card in-app and use it right away, as well as use the rewards you earn toward Uber rides.
Plus, some online purchases are excluded from earning the 2 percent rate, earning just 1 percent back instead. Compare that to the Citi Double Cash card that earns 2.0 percent back on every purchase.
While this card offers a nice earnings rate on some travel categories, it does not come with other travel benefits that some other popular cards offer. I’m talking about priority boarding, free bags and lounge access. While this is certainly a type of travel card, you won’t see any extra benefits at the airport through the Uber Visa.
In general, cashback cards typically don’t offer much in the way of airline-specific benefits or extra perks when you’re actually traveling. But to still be able to get 3.0 percent on certain travel expenses with no annual fee, you may not care about boarding your plane first or secondary car rental insurance.
In short, if you value a card that earns a good deal of cash back but doesn’t come with many other bells and whistles, this card should probably be on your radar, particularly if you dine out a lot and travel.
Need more info? Check out our frequently asked questions. If you have other questions, please click on “Ask Now” below.
- Most store credit cards allow you to apply while you’re at the co-branded store, and the Uber card takes this approach as well. Whether you’re waiting to get picked up or already on your way to your destination, you can apply for the Uber Visa within the Uber app. Best of all, you can use the card on your current ride if you’re approved. Of course, you can apply at any time in the Uber app, not just during an active ride, or on the Barclaycard and Uber websites.
- Are you a frequent Uber user? If you rack up credits and promos when taking Uber or for referring friends to sign up, you probably have some extra credits you can use toward future rides. Those credits will kick in before your rewards from your Uber credit card are applied. The Uber card rewards are only applied when you actively redeem them in-app.When you’re ready to take your next Uber, order your car like normal and choose the ride type you need. Then, when your ride has been completed, Uber will automatically deduct any other credits before applying your credit card rewards that you’ve chosen to redeem. If there’s still a balance left on your ride, your default card will be charged.
- Good question. When Barclays and Uber designed this card, they decided Uber rides would earn 2.0 percent back. But as we’ve mentioned, the top rate of 4.0 percent at restaurants and bars, as well as takeout joints and just about any place that sells prepared food.That includes food-ordering services too, like Seamless and Yelp. Since UberEATS falls into this latter category, Barclays wanted you to earn the same great 4 percent back, no matter which food delivery app you use.
- We’re all familiar with hotels and related lodgings like motels, resorts and bed and breakfasts, but nontraditional homes away from home are rapidly increasing in popularity. The most prominent service around is Airbnb, but other websites like HomeAway also allow regular people to rent part or all of their homes to out-of-towners. No matter what type of accommodation you’re interested in, the Uber credit card will give you 3 percent back, which is a great rate of return.
- Getting 2 percent back on online purchases is a great way to earn cash rewards, but this card does have exclusions. Other credit cards from other banks offer extra rewards for online shopping, but Barclays decided to put a limit on certain merchants. These limitations include online bill pay services, paying your utility bills, contracted services (like your landscaper), government services (like tax payments) and professional services (doctor bills).
- Cardless payments are definitely an easy way to pay for things these days. Whether you use Apple Pay, Samsung Pay or a similar service, being able to use your smartphone and not have to reach for your wallet is a major plus.You can store your Uber card in these mobile wallets, as well as in your Uber app. So you don’t have to pull it out every time you want to use it. Of course, you never have to show your card or hand over cash when taking an Uber anyway.That being said, not every restaurant takes mobile payments, and since this card earns an awesome 4 percent when you go out to eat or drink, you should definitely keep this card on you whenever you leave the house. You won’t need it to pay for your Uber or other certain purchases, but you’ll definitely want to keep it handy to earn 4 percent back in rewards.
- If you’re interested in redeeming your reward points for gift cards, you can do so on the Barclaycard website. Most of the major national chains are available, as well as online merchants like Amazon.If you can’t find the gift card you want on Barclay’s site, you could always buy it directly from that merchant (either in-person or online), then redeem your rewards as a statement credit to offset that expense. Remember that redemptions start at 2,500 points, worth $25, for both statement credits and gift cards.
- In any year you spend at least $5,000 on your Uber credit card, you’ll be eligible for automatic credits toward paid streaming services like Hulu and Apple Music. Here’s how these statement credits work.Let’s say you spend $5,000 within six months of having the card. You’ll get up to $50 back as a credit automatically if any of your spending so far included these eligible streaming services. If you’ve already spent $50 on streaming services, you’ll earn the $50 statement credit right away. If you’ve spent less than $50 on these services, you’ll receive a partial credit to reimburse you for what you’ve already charged. The remaining credit can be earned if you charge additional streaming services to your card.These subscription services are usually billed monthly, so this should be easy to accomplish. But there is a small race against the clock. Let’s expand upon our above example. Let’s say by month nine, you’ve spent enough to earn the credit, but you’ve only charged $25 on Netflix. You’ll automatically get a $25 credit on your next statement, but you still have $25 of your credit left.In this case, you would only have three more months (until your card renewal) to spend on streaming services and have those costs reimbursed. If, however, you don’t spend those remaining credits, they’ll expire on your card anniversary. Then, the $5,000 minimum spend to earn the $50 streaming credit starts over.
- Is there anything worse than realizing you left your phone somewhere or when you drop it and the screen cracks? We have all become reliant on our beloved smartphones, so it’s hard to do without one. Another great benefit of the Uber card is the supplemental insurance worth up to $600 that covers your phone in the event of theft, damage or involuntary and accidental parting with your cell phone.Your primary phone insurance, which is typically part of the monthly bill with your wireless carrier, will kick in first, but you can file a claim with Barclaycard for whatever is not covered up to $600. You must charge your total monthly cell phone bill to your Uber credit card, and exclusions can apply. Also know that for each claim, there is a $25 deductible, and you can only file two claims for up to $1,200 total per 12-month period.
Barclays has a unique product set offering co-branded credit cards, cashback cards and travel cards. And since many people don’t want to pay to use their credit card, no annual fee rewards cards are still as prominent as ever, so let’s compare some popular offerings from Barclaycard.
Compare Cards in the Same Lineup
Barclays offers a variety of no annual fee cards that can earn cash back, but each one works a little differently. The new Uber card is a leader of this pack due to the high cashback rate with certain merchants, but the CashForward card offers a simpler rewards approach. With this card, you’ll earn 100.0 percent cash back on every single purchase you make. These could be purchases at restaurants, gas stations or your favorite boutique. No matter what, you’ll always get 100.0 percent back.
Compared to the Uber card’s base rate of 1.0 percent back, this is a winner. But if you shop online, travel or dine out often, you’ll do much better with the Uber card. Then again, if you find that you spend more at grocery stores and other merchants that don’t earn a bonus, or maybe you don’t shop online much, you may get more value out of the CashForward card.
Another unique card is the NFL Extra Points card. It also earns cash back that can be redeemed starting at 2,500 points for $25. It, too, offers 1.5 percent back on all purchases but double cash back on eligible NFL and team purchases, like tickets, NFL merchandise and more.
We also like that ticket purchases made at official outlets come with automatic six-month financing, a very unique and helpful benefit. But as far as cashback cards go, unless you spend every paycheck on merch for your favorite NFL team, you’ll definitely get more value out of the CashForward or Uber card.
Like with all cards, you have to do the math to see where you can earn the most cash based on your individual spending habits. None of the above cards charge an annual fee, so figure out where most of your credit card spending goes, then crunch the numbers to see what card will earn you the most cash rewards.
Some Alternative Cards for Uber Riders
Every bank that offers credit cards has some type of cashback option, and for good reason. Everyone loves to get a little something back for using their card to make purchases, but the features and benefits of these cards can differ greatly from bank to bank. Take a look at the cards below to see how they compare.
- Discover it® - Cashback Match™
Up to 5% cash back offerRead Review
- Citi® Double Cash Card
1% cash back on purchases and 1% as you pay for those purchasesRead Review
- Chase Freedom Unlimited®
15,000 points offerRead Review
Best Cashback Card
Looking for the highest all-around cashback card? Your best bet is the Citi Double Cash card. This card earns a flat 1 percent back on every purchase, as well as a 1 percent rebate on all your payments. That’s effectively a 2.0 percent return on every purchase.
With no annual fee, this card is tough to beat for everyday spending. While it doesn’t offer a sign-up bonus, it’s hard to find a card that earns a fixed 2.0 percent back on all purchases.
Earn the Most Rewards in Year One
One amazing feature of the Discover It–Cashback Match card is the huge bonus incentives offered by Discover. For your first year of card membership, all the rewards you earn will be doubled. That’s right, whether it’s a regular everyday purchase where you earned 1.0 percent back or a rotating bonus category where you snagged 5.0 percent, your total rewards balance will be matched at the end of your first 12 months having the card.
This means you’re really earning 2 percent back the first year with a whopping 10 percent back on certain limited category bonuses. And no annual fee? This is truly hard to beat, but remember, the match only happens the first year you have the card.
Best Points to Earn
The clear winner here is the Chase Freedom Unlimited. While billed as a 1.5 percent cashback card, the rewards earned with this credit card can be stretched even further.
If you have a card like the Chase Sapphire Preferred, Sapphire Reserve or Ink Business Preferred, you can transfer your Freedom Unlimited points to one of these sister cards. By doing so, you can redeem your points at a higher fixed value toward travel through the Ultimate Rewards website or potentially transfer points to one of Chase’s many travel partners where you can extract much more value than one cent each.
Whenever you apply for a credit card make sure you read the terms and conditions of the card and the rewards program to find out about minimum spend requirements and any restrictions to ensure you can successfully obtain the card and earn the rewards it offers.
Good credit score
IssuerBarclays Bank Delaware
Card Terms and Conditions
While it's easy to focus on the benefits of the Barclaycard Uber Visa card, it's worth taking a closer look at the terms and conditions. There's a lot to consider as you think about how you're going to use the card. Will you carry a balance, get a cash advance or maybe make a big purchase? Below is a rundown of the various interest rates, purchase protections, security features and mobile banking options that come with this Visa card.
- Intro APR:
- See Terms and Conditions
- Intro APR for balance transfers:
- See Terms and Conditions
- Ongoing APR:
- 15.99% to 24.74% Variable±
- Minimum Grace Period:
- 23 days
- Fraud Protection:
- You won’t be liable for unauthorized charges made to your card as long as they’re reported to Barclaycard.
Cash Advance Features
- Ongoing APR:
- 25.99% Variable±
- Cash Advance Fee:
- Either $10 or 3% of the amount of each cash advance, whichever is greater
Security and Protections
All Barclaycards comes with certain standard benefits, like account alerts and $0 fraud liability protection. Barclays wants to protect all their customers’ accounts and give them peace of mind knowing that their account is protected and safe.
- Account alerts:
- Get email alerts about your card whenever a payment is due or a transaction is over a certain established threshold.
- Banking On the Go:
- The easy-to-use Barclaycard app makes managing your account a snap when you’re away from your computer.
- EMV Chip Technology:
- Your card is accepted worldwide with chip technology built right into the card.
- Credit Score: :
- Your FICO score is available for free when you log onto barclaycardus.com or from your Barclaycard app.
Additional Cardholder Benefits
The Uber credit card from Barclays is offered as a standard Visa card, meaning that it does not have Visa Signature benefits like some other rewards cards. While your account has a multitude of built-in benefits, there are no additional travel benefits.