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Uber Credit Card

Uber Visa: The Best Cash Back Credit Card for Optimizers

The Uber credit card will come with a variety of useful perks - aggregating some of the more interesting and competitive features from some competitor credit cards. The cards most attractive perk, 4% cash back on dining, is best in class when it comes to a card with no annual fee. This covers dining at restaurants, bars, and Uber eats. You'll also enjoy 3% cash back on hotel and airfare, 2% on on-line purchases, and 1% on everything else. To top it off, you'll earn a $50 statement credit for subscription services like Netflix when you spend $5,000 on the card in a year. We like to think of this as an additional 1% cash back on the first $5,000 you spend every year, making those earning rates truly best in class. The card also comes with $600 of cell phone coverage and doesn't charge foreign transaction fees. Barclaycard hit a home run with this one.

Counting Your Pennies - How To Earn Cash Back with the Uber Visa Card

Earning cash back is pretty straight forward. Use your card and earn the rate associated with that spend. There are no caps or hoops. You can start redeeming points for 1 cent each in 500 point increments for Uber rides directly through the application or you can redeem for $25 gift cards starting at 2,500. 

The bonus categories on this card are going to be hard to beat. If you eat (whether it's dining out or eating in) 4% cash back with no annual fee is a unicorn in the credit card space. This card also goes toe-to-toe with more traditional travel cards like the Chase Sapphire Preferred, earning more value (3% cash back) per dollar spent on travel. 2% on online shopping is nice, but 2% cash back is what we consider to be the baseline. These three categories alone will probably make up the bulk of most users monthly credit card charges. Everything else will earn a flat 1% cash back. In terms of rewards earning, we think the Uber card provides some of the best value if you're looking for a card with out an annual fee. 

Uber Visa Benefits and Bonuses 

In addition to the everyday cash back rewards, the Uber Visa has some other impressive perks that make it a good credit card.

  • You'll start your rewards balance off strong with a $100 bonus, assuming you can spend $500 on the card in the first 3 months of account opening
  • Every year that you spend at least $5,000, you'll earn a $50 streaming subscription credit. That's essentially an additional 1% cash back on your first 5k in purchases. $5,000 may sound like a lot, but it works out to around $425 a month in credit card charges. 
  • If you pay for your cell phone bill using your Uber card, you'll receive $600 in cell phone insurance. This benefit covers damage and theft to your phone, after you pay a $25 deductible. Just a note here, coverage is secondary to any other insurance you may have. This is also an area where auto-pay is your friend. If you mistakenly pay your cellphone bill with another card one month, you lose coverage until you pay your bill with the Uber card again. 

Who is the Uber Visa Best for?

Anyone that dines out and values cash back over points. This card offers exceptional value for the first $5,000 in spend and continues to offer good value after that. You should have good to excellent credit if you're going to consider applying for this card, which generally means a credit score of at least 680 and your report should be free of any bankruptcies/delinquent payments. 

If you're making at least $425 in purchases each month and qualify for the $50 streaming credit it's going to be hard to beat the cash back value proposition of this card. 

Who Should Not Apply for the Uber Visa?

In our minds, there really isn't an equivalent card on the market today. The closest option from an earning perspective would be the Citi Prestige, which offers 5% cash back on travel and dining when your rewards are redeemed for travel. The Prestige also comes with a $495 annual fee, so these cards aren't playing the same game. If you're traveling a few times a year, the Prestige might make sense for you since it comes with a $250 travel credit to help alleviate some of that annual fee, but the Uber card will be a good wallet staple for most. If your credit is on the weaker side, we'd probably recommend you look at something like the QuicksilverOne card from Capital One.

One area where the Uber Visa is a bit weak is that it does not offer an introductory 0% APR on purchases or balance transfers. If you're looking to transfer an existing balance, this card isn't going to be for you.

Other Considerations: What is Barclays Bank?

You may not have heard about Barclays Bank and that's okay. Barclays was founded in 1896, and based in London. It's the 34th largest financial services company in the world based on revenue. The Barclays Center is also the home of the Brooklyn Nets. Their online interface is top notch, and they haven't made the news like some of their competitors (cough, Wells Fargo), although they have had their share of data breaches. Sometimes not hearing about a bank is actually a good thing. 

Common Cents

The Barclays Uber Visa is a good card, and we're glad it came to the market when it did. We're surprised that a co-brand has so much strength and we hope that potential consumers don't get turned off by the Uber branding. This would be a solid offering as a flagship product of Barclays. 

If you're not a big spender in the dining and travel categories, and if you're not spending enough to claim the $50 streaming credit we'd recommend the Citi Double Cash over the Uber Visa, but we think you'd be in good hands either way. 

Uber Visa Card Highlights

  • 4% Cash Back on Dining
  • 3% Cash Back on Hotel and Airfare
  • 2% Cash Back on Online Purchases (Including Uber)
  • 1% Cash Back on everything else
  • No foreign transaction fees
  • No Annual Fee

Similar Reviews

Citi® Double Cash Card

  • $0 Annual Fee
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Low Introductory APRs for 18 months on balance transfers
  • No bonus for new customers. :( 

Blue Cash Preferred® Card

  • $95 Annual Fee
  • 6% cash back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%) and on select US streaming services.
  • 3% cash back at U.S. gas stations and eligible transit expenses, 1% back on other purchases.

QuicksilverOne® Credit Card

  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • Get access to a higher credit line after making your first 5 monthly payments on time
  • $39 Annual Fee