4 Reasons the Uber Credit Card Is Completely Underrated

Aug 17, 2021

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» The Uber Credit Card is no longer available

As of Aug. 4, 2021, Barclays officially closed the Uber Credit Card. Existing cardholders will be transferred to a different product. Due to this update, this page is out of date.

Uber launched its credit card two years ago, and it's flown mostly under the radar ever since. Just because it lacks fanfare, that doesn’t mean the Uber Credit Card isn’t a great card to keep in your wallet. Between the category bonuses and recurring perks, it’s definitely worth a second look. Here are four reasons the Uber Credit Card is completely underrated.

1. The welcome bonus

The welcome bonus on the Uber Credit Card isn’t going to cover your next jaunt in first class, but it’s not bad for a $0 annual fee card: Earn $100 Uber Cash after spending $500 on purchases in the first 90 days.

2. Generous category bonuses

Category bonuses keep benefiting cardholders long after the welcome bonus has been earned and spent. The Uber Credit Card really shines in this regard, with generous category bonuses on some of the most common spending categories:

  • 5% Uber Cash on Uber, Uber Eats and Jump.

  • 3% Uber Cash on dining, hotel and airfare (including travel agencies and home share exchanges).

  • 1% Uber Cash back on all other purchases.

The card has no foreign transaction fees, which is great if you decide to use it to rack up points abroad.

This card is really useful for people who aren’t big spenders but want to earn generous rewards on travel and dining. Why this demographic, exactly? Because if you’re one of those people who spends maybe $2,000 per year on these bonus categories, you may earn upwards of 3x points with a card like the Chase Sapphire Reserve®, but it may not be enough for a valuable award redemption.

Uber Cash, on the other hand, is something that doesn’t require a big balance to redeem. And besides, Uber has become a common transportation option for domestic and international travel. It's pretty easy to put those rewards to good use.

It’s worth noting that Uber Cash does not expire and there’s no limit to how much of it you can earn with the Uber Credit Card.

3. Easy redemptions

Once you accumulate $50 in Uber Cash through the Uber Credit Card, the balance automatically gets transferred to your Uber account. If you’ve accrued less than this, you can manually initiate a transfer.

Once in your account, Uber Cash can be used to pay for your Uber Eats, Uber and Jump bike purchases. To earn $50 in Uber cash, you’ll have to spend between $1,000 and $5,000 on this card, depending on whether you’re making use of category bonuses or not.

4. $600 mobile phone protection

Some premium rewards cardS don’t even offer this, which is why the Uber Credit Card’s mobile phone protection plan is so great. When you pay your monthly cell phone bill with the card, you’ll receive up to $600 in insurance coverage in case of theft or accidental damage to your phone. This coverage is secondary, meaning it kicks in after any other insurance you may have purchased for your phone.

If you’re accident-prone or keep your phone without a protective case on it, then this coverage could really come in handy.

The bottom line

The Uber Credit Card is a great card if you’re looking for generous bonuses on common spending categories and mobile phone protection without a high annual fee. While the redemption option is limited to Uber Cash, spending with Uber (via rides, Eats or Jump bike/scooter rentals) is becoming increasingly common nowadays.

Those Uber Cash credits might actually be useful for people who want to cover their daily or travel transportation expenses. And it’s very possible to get more out of the rewards earned from this card than by charging your expenses to an airline or bank rewards program that requires a large balance of points for a valuable redemption.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

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