Capital One & Uber Eats Team Up For New Increased Earning – 5% Back

Capital One & Uber Eats Team Up For New Increased Earning – 5% Back

There is a new offer coming from Capital One for certain cards where they will now have increased earnings on Uber Eats purchases.  This is a limited time offer and intended to help cardholders during the pandemic.

Details

Starting July 14th, Venture and VentureOne cardholders will earn unlimited 5X miles and Savor and SavorOne cardholders will earn unlimited 5% cash back on all orders with Uber Eats (through January 31, 2021).

The order must be placed directly through the Uber Eats app to qualify.  If you use a 3rd party payment option like PayPal or Apple Pay then you will not earn the extra points or cash back.

Other Promotions Currently Going On

Capital One has continued to add various promotions for cardholders over the pas few months:

• Venture and VentureOne cardholders can redeem their miles for eligible restaurant delivery, takeout and streaming service purchases from thousands of merchants (through September 30, 2020).
  • This applies for Uber Eats too.  Earn 5X on the purchase and then wipe off the charge with your points.
• Savor cardholders are also able to earn 4% cash back on some of the most popular streaming services including Netflix, Hulu and Disney+ (through September 30, 2020).

Final Thoughts

I am not sure that this does much for me overall.  Any time a card issuer increases the potential for rewards it is a good thing but I can get around 5% on a few different cards.  If you are sitting on a mountain of Venture “miles” then you are getting a 5% discount on redeeming them towards Uber Eats essentially.  It can stretch them out a little bit longer and makes them worth 1.053 cents each.  That is better than a poke in the eye, as they say 😂.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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