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Limited Time Offer: Use the Right Credit Card for Uber Rides, Get Extra Rewards

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Aw Nerds! This offer is no longer available. Please see our Capital One® Quicksilver® Cash Rewards Credit Card page for updated information.

Ditched cabs for Uber? Then you’ll want to hear this: From now until April 30, 2016, Capital One® Quicksilver® Cash Rewards Credit Card customers will effectively get a 20% discount on their trips.

But this isn’t the only way to earn bonus rewards with Uber. With the right moves, you could be raking in cash and points with every ride.

Capital One® Quicksilver® Cash Rewards Credit Card and Uber: The basics

Hopping in an Uber is one of the easiest ways to get around your city, and now it will get a little cheaper with the Capital One® Quicksilver® Cash Rewards Credit Card. All you have to do is link the card to your Uber account and use it to pay for your rides. In one to two billing cycles, you’ll get a statement credit for 20% of the price of the trips. This means that a $50 Uber trip to, say, the airport will cost you only $40 when all is said and done, if you use the Capital One® Quicksilver® Cash Rewards Credit Card to pay.

This discount is on top of the usual 1.5% cash back you’ll score just for using the card (which is the earn rate on all purchases, Uber and otherwise). Since the Capital One® Quicksilver® Cash Rewards Credit Card charges an annual fee of $0, it’s definitely one of the most cost-effective options for paying for your trips.

If you’re not currently using Uber, but have a debit or credit card from Capital One, you’re also in luck. If you sign up for the ridesharing service using your qualifying Capital One card as the payment method, the promo code CAPITALONE will get you your first two rides for free (for rides up to $30 each). You must enter the promo code by June 30, 2015, and complete your free rides by April 30, 2016.

Average credit? You can still take advantage of this promotion

The Capital One® Quicksilver® Cash Rewards Credit Card is one of the Nerds’ favorite cash-back cards, but you have to have good or excellent credit to qualify for it. Luckily, it does come in another flavor for people with average credit.

Like its good-credit counterpart, the Capital One® QuicksilverOne® Cash Rewards Credit Card earns unlimited 1.5% cash back on every purchase. You can redeem your rewards at any time and in any amount. However, it doesn’t have a sign-up bonus and it charges an annual fee of $39, making it different from the Capital One® Quicksilver® Cash Rewards Credit Card in some respects.

By most measures, the Capital One® QuicksilverOne® Cash Rewards Credit Card is one of the best options out there for consumers with average credit, especially because cardholders are eligible to get the 20% statement credit on Uber rides until April 30, 2016, too.

Other ways to earn extra rewards with Uber

Capital One customers aren’t the only folks who can earn big rewards on their Uber rides. Members of the Starwood Preferred Guest program who link their SPG and Uber accounts online and complete a qualifying SPG stay each calendar year will earn 1 Starpoint per dollar spent with the ridesharing service. Also, you’ll earn more Starpoints if you use Uber during an SPG stay. For the exact number of points, see this resource.

Plus, you could earn even more Starpoints per ride if you have the Starwood Preferred Guest® Credit Card from American Express. With it, customers earn up to 5 Starpoints per dollar on purchases at participating SPG hotels, 2 Starpoints per dollar at Marriott Rewards properties, and 1 Starpoint per dollar on all other purchases. Happily, you can stack the points you’re earning for linking your SPG and Uber accounts with the points you’re earning for using the card. This means you could be getting 2 Starpoints for each dollar you spend with Uber if you opt to pay for your rides with the Starwood Preferred Guest® Credit Card from American Express.

For folks who love their Starpoints and use Uber frequently, this is an easy way to rack up bonus rewards. But the SPG promotion doesn’t require you to use the Starwood Preferred Guest® Credit Card from American Express to earn Starpoints on each ride, so you could also consider a double-dipping approach:

  • Link your SPG and Uber accounts to earn 1 Starpoint per dollar spent on each ride (as long as you’ve completed the qualifying stay first).
  • Use your Capital One® Quicksilver® Cash Rewards Credit Card or Capital One® QuicksilverOne® Cash Rewards Credit Card as the payment method to get the 20% statement credit.

This way, you’ll be earning Starpoints and getting a 20% statement credit on each ride. Talk about a winning strategy!

Lindsay Konsko is a staff writer covering credit cards and consumer credit for NerdWallet. Follow her on Twitter @lkonsko and on Google+.


Image via iStock.