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Cash back on dining dropped from 4% to 3%.
Cash back on Uber (including Uber Eats) increased from 2% to 5%.
“Cash back” now exists as Uber Cash (credits) instead of normal cash back (including for the sign-up bonus).
2% back for online purchases removed, as well as 3% back for travel.
» Learn more: Full review of the Uber Visa card
What it means
These changes are bad news for those who’ve been taking advantage of that amazing dining cash-back rate, though 3% remains highly competitive in the restaurant card market for a card with a $0 annual fee.
But the changes are great news for anyone who spends a lot on Uber or Uber Eats. In other words, the Uber card is now an actual Uber card instead of a dining and travel cash-back card.
Business travelers who can put ground transportation and meal expenses on a personal card should take particular interest, as this card now offers a great return on these transactions. The only downside is that the “cash back” now comes in the form of Uber credits, so you’ll want to take care not to apply those credits earned on past business travel toward more business travel. That will take some manual effort.
The bottom line
The Uber Credit Card was an odd duck — not great for using on its eponymous platform, but terrific as a dining cash-back card. Now it offers what it probably should have to begin with: good value for those who spend a bunch with Uber.
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 2020, including those best for:
Airline miles and a large bonus: Chase Sapphire Preferred® Card
No annual fee: Wells Fargo Propel American Express® card
Flat-rate rewards with no annual fee: Bank of America® Travel Rewards Visa® credit card
Premium travel rewards: Chase Sapphire Reserve®
Luxury perks: The Platinum Card® from American Express
Business travelers: Ink Business Preferred℠ Credit Card
Planning a trip? Check out these articles for more inspiration and advice: Find the best travel credit card for you NerdWallet’s best cards for transit spending Earn more points and miles with these 6 strategies