Are you looking for a credit card that rewards you for things like dining and travel, but without charging an annual fee? Then the new Uber Visa card could be for you — even if you're not a frequent rideshare customer.
Uber Visa Credit Card Review: https://dyernews.com/uber-visa-card-review/
A couple of weeks ago I did something I wasn’t expecting: I applied for a new credit card. Before this, my wife and I already had three cards, which seemed like a good number, but then the recently announced Uber Visa card grabbed my attention.
It’s not that I’m a big Uber user or even utilize ride-sharing service very often, but I was impressed with what this new card had to offer and how it complimented or improved upon my current credit card line up.
So what’s so appealing about this new card? Let take a look at the top 5 things I’m loving about my new Uber Visa card that I think you’ll enjoy too.
Generous Cash Back Spending Categories
What first grabbed my attention when I saw news of the Uber Visa were the spending categories and point structure it offers.
This includes 4% back on dining, 3% on hotels and airfare, 2% on online purchases and Uber rides, and 1% on everything else. Technically, these percentages come in the form of points and not dollar, but each point is equivalent to 1 cent, making them easy to convert.
I can easily see myself making use of all of these categories, whereas the top categories on my current Visa — like 4% back on gas — don’t come in handy as much. Additionally, aside from a rotating slate of 5% categories, my Discover It card only entitles me to 1% back in most situations. That's why I've found the Uber card to be a great addition to my wallet.
No Annual Fee
On that note, I was shocked to learn that these impressive cash back levels came on a card with no annual fee.
In the past, I’ve briefly considered some branded cards that had annual fees, but ultimately opted against them as I wasn’t convinced I’d get my money’s worth. But, with the Uber Visa, there is no fee to worry about, which is part of what led me to apply.
0% Foreign Transaction Fees
Another feature that helped seal the deal for me is that the Uber card doesn’t charge any foreign transaction fees.
To be honest, this was also a selling point for me when I signed up for my Discover card last year. Unfortunately, while Discover has partnerships to boost its acceptance in Mainland China and Japan, I learned while in Paris that its reach is fairly hit or miss elsewhere. That’s why I’m thrilled to add a no foreign transaction fees Visa to my wallet and save the 3% my other cards charge me on each purchase I make overseas.
Cash Back and Gift Cards Beyond Uber Credits
As I mentioned, I’m not a huge Uber rider, but what’s interesting about this card is how that branding is nearly inconsequential.
In fact, I’d say it’s more about lifestyle than loyalty in this case. However, there are some integrations with the Uber that are helpful, such as being able to view your point balance from the app and cash in your points for rides once you accrue at least $5.
Of course, you can also use your points to purchase gift cards or transfer money back to your bank account. But, in order to do this, you’ll need to have at least $25 in points saved up.
Steaming Credit and Cell Phone Insurance
Next, there are couple of creative perks that the Uber Visa offers: a $50 streaming credit and up to $600 in cell phone insurance.
For the streaming credit, you’ll need to pay services like Spotify, Netflix, Hulu, and Apple Music using your Uber card and spend at least $5,000 on the card within a year’s time. Similarly, you’ll be eligible for up to $600 in cell phone insurance after a $25 deductible in the event of damage or theft, but you will need to pay your wireless bill using your Uber Visa.
Initial Spending Offer
Finally, I actually have an extra feature to mention and that is the sign-up bonus
Right now, new Uber Visa cardholders who spend at least $500 on the card in their first three months will receive a 10,000 point bonus, which is equivalent to $100.
So because of all of these perks, I honestly think the new Uber Visa is the ultimate credit card for Millennials. I’ve already started using and earning on the card, and even change the way I do a couple of things in order to maximize rewards.
For example, I’ve taken to ordering my holiday gifts online in order to get 2% on my purchases and realized it’s better to reload my Starbucks card at the cashier so that I get 4% back instead of the 2% I’d get had I used their app.
So, if you're in the market for a new credit card, I'd recommend checking out the Uber Visa from Barclaycard.