October 26, 2017
Uber is Releasing a No Fee Credit Credit Card
We first reported that Uber was partnering with Barclaycard to launch a credit cad back in July. No other details were released at the time. The ride sharing company has finally unveiled the full lineup of perks for the Uber Visa Card-set to arrive on November 2, 2017!
The Uber Visa Card is a cash back credit card. You can redeem points at a rate of one cent per point towards Uber credits, gift cards, and statement credits. For example, 1,000 points can be redeemed for $10. The points earning structure is as follow:
- Earn 4% back on dining (restaurants, takeout, bars, UberEats)
- Earn 3% back on hotels and airfare (includes vacation home rentals)
- Earn 2% back on online purchases (includes Uber, online shopping, video and music streaming services)
- Earn 1% back on everything else
- $50 statement credit for online subscription services after you spend $5,000+ on your card
- Up to $600 for mobile phone damage or theft when you pay your mobile phone bill with your card
- Receive invites to exclusive events and offers in select U.S. cities
- No foreign transaction fees
The $600 mobile phone protection is the most interesting perk on the list. It’s supplemental insurance coverage for damage or theft to your phone beyond any coverage you already have.
Sign-Up Bonus and Annual Fee
The card comes with a $100 sign-up bonus after you spend $500+ in the first 90 days of account opening. Best of all, this is a $0 annual fee card!
I think this is a great cash back card, but not a good option for earning points towards free premium air travel. The 4% cash back on dining is huge for a no annual fee card. It even beats out the 3% cash back on dining offered by the Capital One Savor card just released a week ago. The $600 phone protection is a nice perk as well, given this is a no annual fee card. The most disappointing aspect is the 2% cash back on Uber purchases. My Chase Sapphire Reserve earns 3X on Uber, and that gets me far more valuable Ultimate Rewards points.