If you’re not an Uber fan and frequent rider, you should probably pass on this card. After all, you won’t be able to use your rewards—no matter how fat they are—on anything but Uber rides, takeout delivered via Uber Eats, or JUMP scooter or bike rentals.
But if rideshare and takeout expenses are a big part of your monthly budget, this may still be worthwhile. The rewards rates on those purchases are even higher now—5%—and the rates on dining out and travel are a respectable 3%. Just remember: This is no longer a flexible cash-back card, and you can’t use what you earn as a credit on your statement or to buy gift cards. If you want that freedom, you should consider one of the many competing cash-back cards on the market. The new Uber Credit Card is really a retail card that rewards Uber purchases with more of the same.
Big rewards on Uber purchases
No annual fee
No cash-back rewards
Some earning rates lowered, eliminated
Almost no extra benefits
- Big rewards on Uber purchases: All your Uber purchases, whether they are rides or takeout orders through Uber Eats, will earn a great top earning rate for a card that doesn’t charge an annual fee.
- No annual fee: We like that there’s no annual fee, but that’s pretty much par for the course among cash-back credit cards and retail cards.
- No cash-back rewards: Following the program changes, there are no points to redeem for cash, statement credits, or gift cards. The rewards you earn with this card come in the form of Uber Cash, which is essentially Uber app credits. More about this below.
- Some earning rates lowered, eliminated: If you opened an Uber card before Oct. 28, 2019, you may notice dining purchases no longer earn 4% back, and the 2% cash back category for online shopping and streaming service expenses has been eliminated. If you valued those categories, it may be time to look for another cash-back card. For now, you have until early 2020 to take advantage of the old earning structure.
- Almost no extra benefits: The only added benefit attached to this card is cellphone protection. While that’s a good perk, this card used to come with an annual statement credit for online subscription services, and Visa benefits like Purchase Protection, Price Protection, and Satisfaction Guarantee. Cash back cards are often light on benefits compared to travel rewards cards, but this one is particularly bare.
- High APR: If you carry a balance on this card, you could end up paying a lot in interest. Its APR range is much higher than the average cash-back credit card purchase APR, and is actually more comparable to the steep average penalty rate.
Uber Credit Card Signup Bonus
The Uber Credit Card gives you a $100 Uber Cash bonus if you make $500 in purchases within the first 90 days of opening your account.
We like this bonus because it’s easy to earn—you only have to spend $167 every month for three months in a row. However, some cash-back cards offer a $150 sign-up bonus for the same spending requirement, and those sign-up bonuses are good for more than just Uber credits.
Earning Points & Rewards
The rewards earned with this card aren’t traditional cash back. They’re Uber Cash, which are essentially credits that can be used on future Uber expenses. You’ll earn 5% back in Uber Cash on all Uber, UberEats, and JUMP (rentable bikes and scooters) purchases, plus 3% back in Uber Cash on restaurant, bar, hotel, and airfare purchases. All other purchases earn 1% back in Uber Cash. There are no limits on how much you can earn in any category.
While 5% back is a high earning rate for a no-annual-fee card, the rewards limitations won’t make it a top pick of ours anytime soon. There are more flexible cards on the market that also reward rideshare and dining expenses, after all—and they let you redeem for cash or statement credits.
The Uber Cash you earn with this card is only good for one thing: More Uber purchases, like Uber rides, takeout delivered via UberEats, or JUMP scooter rentals.
The value of Uber Cash is equivalent to standard cash-back earnings. So if you have $10 of Uber Cash in your account, that reward is good for $10 off your next Uber ride.
You can transfer Uber Cash to your Uber account at any time to access it in the Uber app, but once you earn $50 back in Uber Cash, the balance will automatically be transferred to your account. As long as your account is open and the credit card program is still available, Uber Cash will never expire.
If you opened an Uber credit card before Oct. 28, 2019, you can redeem rewards for cash until your February 2020 billing cycle.
Uber Credit Card’s Excellent Perks
This card has one benefit we consider superior to what other cards offer:
- Cellphone protection: Receive up to $600 in cellphone coverage for damage or theft when you use your Uber Credit Card to pay your cellphone bill.
This card used to offer a $50 annual statement credit for subscription services, but that’s no longer available to new applicants. If you opened this card before Oct. 28, 2019, this perk will disappear after your next cardholder anniversary date.
Uber Credit Card’s Other Features
The only other benefit attached to this card—a roadside assistance hotline—will be available to cardholders Nov. 1, 2019. Beginning then, if you get stranded with car problems, you can call the hotline to help you out for $69.95 per service call.
How to Get the Most Out of This Card
Make sure you earn the $100 Uber Cash bonus by spending at least $167 each month after opening your account. Once you’ve hit that goal, just use this card to pay for all your Uber rides and UberEats deliveries to maximize your earnings on those typically low-value expenses.
We also recommend pairing this card with a cash-back card that offers a comparable 2-3% back on everyday purchases but more redemption options. The Uber Credit Card should not be used as a go-to, everyday rewards card.
Make sure to pay your cellphone bill with this card to qualify for the cell phone protection benefit, and never carry a card balance month-to-month.
J.D. Power ranked Barclays No. 5 out of 11 card issuers in its 2019 U.S. Credit Card Satisfaction Survey. The study gave Barclays 806 points (same as the industry average) out of 1,000.
Besides 24/7 customer service, Barclays gives you access to a free FICO score, and it will email you whenever your score changes.
Barclays offers standard bank security protections, including text alerts that notify you when a purchase is made, when your payment is due, and when you’re approaching your credit limit.
Uber Credit Card Fees
This card doesn’t charge any oddball or excessive transaction or penalty fees. It’s nice that there’s no foreign transaction fee, which means you can use this card outside the U.S. to earn Uber Cash and not have to pay extra for that convenience.