Barclays Uber Visa Card Coming 11/2
Uber had already announced a few months back that it would be launching its own credit card in partnership with Barclays this fall. Now we have a launch date and full details on what to expect from this new credit card. The new Uber Visa will be open for applications starting on Thursday, November 2.
The Offer
The primary cardmember will earn 10,000 bonus points, redeemable for $100 in Uber credits, statement credits or gift cards after spending $500 on net purchases on your Uber Visa Card within the first ninety (90) days from the account open date.
Eligibility
This one-time bonus points offer is valid for first-time cardmembers with new accounts only. Existing Uber Visa cardmembers are not eligible for this offer. The bonus points will be awarded after qualifying net purchases have posted to your account.
Card Benefits
- 4% back on restaurants, takeout and bars, including UberEATS
- 3% back on airfare, hotels and vacation home rentals
- 2% back on online purchases including Uber, online shopping, and video and music streaming services
- 1% back on all other purchases
- Up to $50 credit for online subscription services after spending $5,000 on the card per year
- Up to $600 mobile phone insurance for damage and theft when the card is used to pay the monthly mobile phone bill
- No foreign transaction fee
- No annual fee
Conclusion
This looks like a solid product from Uber, considering that it is a no fee credit card. A $100 signup bonus is decent, but the most interesting features are the earning rates of 4% back on restaurants, including UberEATS and 3% back on airfare and hotels. The card has no foreign transaction fees either, which should be helpful for those who travel abroad.
The card is aimed at Uber riders, but could be an interesting options for other as well. Points you earn on the card can be redeemed for statement credits and gift cards, besides Uber credit.
What do you think about this new card?
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LOL. It’s dead now. Nice while it lasted!!
[…] Barclaycard announced yesterday that they will be releasing a new Uber credit card on November 2, 2017. The question remains – is this a card we should care about? Let’s take a look at the card’s details and see what we come up with. […]
I was hoping for a better value on Uber itself. 2% on Uber won’t get me to sign up and I’d rather earn another currency like Ultimate Rewards. If they had a better Uber rebate deal like the Amex cards or former Capital One deals, I’d jump on it.
I wonder how can they legitimately offer 4% cash back when the processing fee is less than 4%?
Maybe internally they value Uber credit / statement credit as less than 1 cpp. Maybe something like 0.625 cpp.
What’s better than 4% yearlong at restaurants with no fee? Anything?