Uber Visa Credit Card Review

in #creditcards5 years ago

The Uber Visa Card is a straightforward cash back rewards card targeted to millennials who spend a lot on dining and travel. Consider applying for this credit card if you prefer cash back over travel reward points. However, the signup bonus is a little lackluster at only $100. Online purchase categories include online shopping and streaming services.

The Breakdown

Cash Back Reward Categories

Restaurants & UberEATS 4%
Hotel and airfare 3%
Uber and online purchases 2%
Everything else 1%

Signup Bonus $100 cash after spending $500 within 3 months
Valuation N/A
Annual Fee $0
Perks $600 cell phone damage/theft when paying phone bill with Uber card
$50 credit for steaming subscription services after $5,000 spend 
No foreign transaction fee
Return on Signup Spend 20%

Competitor Cards
Amex Blue Cash Everyday
Chase Freedom
Chase Freedom Unlimited
Citi Double Cash
Discover It
Capital One SavorOne
Bank of America Cash Rewards

Uber vs Capital One SavorOne

Advantages: Online purchases, restaurants, and bars are 1% higher than SavorOne.
Disadvantages: Online entertainment and groceries are 1% less than SavorOne.
Verdict: If your combined restaurant and online purchase expenses are higher than your grocery and entertainment expenses, it makes more sense to get the Uber card.

Final Comments

Although the cash back reward categories are relatively high, in my firm opinion, there are better credit cards that maximize your spending due to Uber's low signup bonus. However, for people who may not be big spenders and have trouble hitting the required $3,000 - $5,000 in 3 months for premium credit cards, the Uber card might be the best thing. 

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