The Uber credit card may be worth watching – Points may be transferable
I wasn’t initially very impressed by the announcement of an Uber credit card by Barclaycard.
UPDATE: The application link is now live: https://www.uber.com/en-GR/c/uber-credit-card/
Designed as a cash back card, it does have some interesting earning schemes:
- 4% cash back on dining including UBER Eats
- 3%cash back on airlines, hotels and AirBnB/Homeaway, etc
- 2% cash back on UBER rides, online purchases and subscriptions; and 1 percent cash back on all other purchases.
- Cell phone insurance included when you pay the bill with your card
There’s no annual fee and no foreign transaction fees.
My first thought was “who needs this?” I already have the Chase Sapphire Reserve which earns 3x Ultimate Rewards on dining and can therefore be redeemed for travel at an effective 4.5% cash back (since travel can be redeemed at 1.5 cents per point). I also get 3x points (4.5% effective cash back on travel. 2% cash back on online purchases? That’s great – but I already have a Citi DoubleCash if I want straight 2% cash back. And my Chase Business Preferred already gives me cell phone insurance.
All of that said, my Reserve does have a $450 annual fee (really $150 after the super easy to use $300 annual travel credit) but the thing that perked up my ears?
According to a NY Times article, the points may become transferable to airline programs in 2018.
I’m not going to get the card now speculatively but I’ll be keeping my eye on it. A no annual fee card with 4% back on dining, 3% on travel and 2% online – transferable to frequent flyer miles? That would be a YES.
H/T to Chuck @ DoctorofCredit for noticing the bit about points transfers in 2018