The new Uber Visa Card is now available for applications, and it might just be a card you want to add to your portfolio.
The current sign-up bonus for the Uber Visa Card is $100 after spending $500 on purchases in the first 90 days. There is no annual fee.
Features of this card include the following:
- Stream with a $50 subscription credit – Up to a $50 credit for online subscription services after you spend $5,000 or more on your card per year.
- Ride in peace with mobile phone protection – Up to $600 for mobile phone damage or theft when you pay your mobile phone bill with your card.
- Exclusive access – Receive invites to exclusive events and offers in select U.S. cities.
- Enjoy no foreign transaction fees – Use your card outside the U.S. with no hidden fees.
- Redeem rewards on-the-go – Redeem points for Uber credits, gift cards, or cash-back with a simple tap.
Uber Card Bonus Categories
The bonus categories for the Uber Visa Card are quite impressive, especially when you consider that the card has no annual fee.
4% back on dining makes this one of the best cards for your dining purchases. This includes restaurants, bars, and of course, UberEATS.
3% back on hotels and airfare is a value that can be beaten by a few other cards, but they all have significant annual fees. It is nice that this category also includes vacation home rentals, but we’ll have to see how many types of rentals this will work for.
2% back on most of your online purchases is a solid rebate, but only matches the multiple 2% cash-back cards that are available on the market. This could be worth more if points become transferable in the future.
1% back on all other purchases is not that impressive. You would be better off using a 2% cash-back card for miscellaneous purchases.
Potential Airline Transfers
As of now, the points you earn from your spending and bonus categories can either be redeemed for Uber credit or as cash-back to your bank account. Points are worth a penny each, effectively making this a cash-back card.
However, these points may dramatically increase in value as early as next year. Barclays and Uber have reportedly said that points transfers to airlines will be coming to the card in 2018. There has been no mention of which airlines points will be transferable to (or at what ratio they will transfer), but this has a possibly huge upside if the details work out in our favor.
The new Uber Visa Card has some of the largest category multipliers we have seen, especially for a card with no annual fee. If they add the ability to transfer points to airlines at a reasonable ratio and still don’t charge an annual fee, this could be one of the better cards to keep in your wallet.
I plan to pick one of these up now, in the hopes that we will see good news about the card coming in 2018. In the meantime, I will likely use it for my dining purchases and rack up as much cash back as I can.
If this fits in with your credit card plans, the lack of annual fee makes it an easy decision. The small required minimum spend to get the sign-up bonus is even better. It just might take a second to get used to paying for your UberEATS with your Uber Visa after you’ve taken an Uber back to the hotel.