Reddit user berneigh posted the following image (shared on this site with permission) showing three options of a potential Uber credit card. All three options have no annual fee and come with $50 in Uber credits after $1,000 in spend within the first three months.
Personally I don’t find any of the options appealing and here is why:
- Sign up bonus of $50 credit is too low
- Earning categories are too low (highest is 3%). Given that more and more cards are offering 2%+ (and even 2.5% & 3%) on all purchases 3% in a few categories just isn’t appealing at all. Should be at least 5% on Uber purchases
- None of the benefits are actually appealing, I really don’t care about being able to opt in for specific cars or get early access to restaurants
Personally I’d offer $100 in Uber credits after $1,000 in purchases and 5% on Uber purchases, throw in some crappy 2% categories 1% on all other purchases and call it a day.
Now we can speculate on who would issue the card. My first guess would be American Express after the announcement that the personal Platinum will be offering $200 in credits annually, given the rewards structures mentioned above I think another card issuer would be more likely. Capital One also offer an Uber discount so my guess would be them at this stage.
You’d better off using the Amex EDP for Uber then even the best of the options shown above. Sure it has a AF but if you have it anyway you’re coming out ahead. You get 2.5x MR per dollar with that card (2x MR on Uber plus .5 MR for 30x transactions per month. You can redeem MR for Uber at 1 cent each if you want to plus you’ve got the added flexibility of MR that make them worth more than 1 cent each anyway.
I hope it’s chase and is subject to 5/24. This way I have a good reason not to sign-up for it, beside the very ordinary benefits.
Well, non-Chase count towards Chase’s 5/24 rule, so no matter the issuer, you may want to avoid this card for the low signup bonus and poor benefits.
im gonna say capital one…. or synch… not BOA….
My guess would be the issuer is either Bank of America, Synchrony, Citibank, or American Express. In order, I would guess:
1. Bank of America
2. Synchrony
3. Citibank – due to the online shopping option
4. American Express
Synchrony! Lately they have been creating a big portfolio of credit products.
3% back on Uber rides isn’t as significant as Captial One’s Quicksilver deal of take 9 Uber rides and get a $15 credit. To get the same $15 through this new 3% credit card you’d have to spend $500. But even more lucrative was when the Quicksilver card was 20% off all Uber rides last year.
Can it get me a ride on Lyft? I feel dirty in an Uber now, knowing all the stuff about it.
My initial hunch was AMEX for the same reasons stated, but “online shopping” as a category bonus sounds like Citi (wasn’t that one of the ones on the AT&T card?).
Really could be anyone. Can’t imagine being tempted. I mean 3 waived cancellation fees as a credit card benefit? Maybe don’t drive around ignoring my fare as a normal customer?
That’s a good catch re online shopping ;)!
My guess is Citi.
Any reason why?
Because it’s a Shiti card. See what I did there? But in alll seriousness I agree with you that it’s likely Amex given their partnership with the Platinum