This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.
American Express and Uber have been long-time partners, offering cardholders unique earning and redemption options. One of the easiest ways to earn with the partnership was through the 2x bonus point-earning structure when using a Membership Rewards-earning card on your Uber ride. However, that benefit will cease to exist later this year.
As Travel With Grant reports, as of February 1, 2018, you will no longer earn 2x points when using a Membership Rewards-earning Amex card on Uber rides. As of that date, the bonus earning for Uber rides will drop to just 1x.
At this point, there don’t appear to be any changes to the other benefits Amex cardholders get with Uber. For example, it appears you’ll be able to continue redeeming Membership Rewards points for Uber rides, albeit at a not-so-favorable rate. And for cardholders of the Platinum Card from American Express, there don’t appear to be be any changes with regard to the card’s benefit for $200 in annual Uber credits.
It’s not all that surprising that the two could be drawing back their relationship. In 2017, Barclaycard introduced an Uber co-branded credit card to the market, allowing cardholders to earn bonuses on a range of categories. While purchases made at restaurants, takeout and bars earn 4% back, Uber rides themselves only earn 2% back.
With this change, you might want to reconsider which credit card you’re using for your Uber rides. Now that Amex cards will only earn 1x points, a card like the Chase Sapphire Reserve will earn you 3x points on travel, including Uber rides. Additionally, the Chase Sapphire Preferred could even be a good option, as it earns 2x points for travel, and therefore on Uber rides — still better than the 1x for Amex cards.
The American Express Platinum card has some of the best perks out there: cardholders enjoy the best domestic lounge access (Delta SkyClubs, Centurion Lounges, and Priority Pass), up to a $200 annual airline fee credit as well as up to $200 in Uber credits, and mid-tier elite status at SPG, Marriott, and Hilton. Combined with the 60,000 point welcome offer -- worth $1,140 based on TPG's valuations -- this card is a no-brainer for frequent travelers. Here are 5 reasons you should consider this card, as well as how you can figure out if the $550 annual fee makes sense for you.
- Earn 60,000 Membership Rewards® points after you use your new Card to make $5,000 in purchases in your first 3 months.
- Enjoy Uber VIP status and free rides in the U.S. up to $15 each month, plus a bonus $20 in December. That can be up to $200 in annual Uber savings.
- 5X Membership Rewards® points on flights booked directly with airlines or with American Express Travel.
- 5X Membership Rewards points on prepaid hotels booked on amextravel.com.
- Enjoy access to the Global Lounge Collection, the only credit card airport lounge access program that includes proprietary lounge locations around the world.
- Receive complimentary benefits with an average total value of $550 with Fine Hotels & Resorts. Learn More.
- $200 Airline Fee Credit, up to $200 per calendar year in baggage fees and more at one qualifying airline.
- Get up to $100 in statement credits annually for purchases at Saks Fifth Avenue on your Platinum Card®. Enrollment required.
- $550 annual fee.
- Terms Apply.
- See Rates & Fees