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Barclays relaunches the Uber Credit Card with an increased earning rate of 5% on Uber

Oct. 28, 2019
4 min read
Barclays relaunches the Uber Credit Card with an increased earning rate of 5% on Uber
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Effective today, Barclays is relaunching its Uber Credit Card with a higher earning rate on all Uber products, but a reduction in what you'll earn at most dining establishments. The card is also shifting from earning points that can be redeemed for cash back to earning Uber Cash as the card's primary currency.

The card will remain a no-annual-fee product, but has a new 5-3-1 rewards earning structure:

  • Earn 5% back in Uber Cash on all Uber purchases including Uber rides, Uber Eats and JUMP bike and scooter rentals
  • Earn 3% back in Uber Cash on restaurants, bars, hotels and airfare
  • Earn 1% back in Uber Cash on all other purchases

The sign-up bonus on the card will remain the same as the current offer — you'll earn $100 in Uber Cash after spending $500 on the purchases in the first 90 days. The relaunched card appearance has been redesigned as well.

(Photo by John Gribben for The Points Guy)
(Photo by John Gribben for The Points Guy)

The previous version of the card earned 4% back on restaurants, takeout, bars and Uber EATS, 3% back on hotel and airfare, 2% back on online purchases including Uber and 1% on all other purchases. It was always odd that Uber earned so little as a category on its own cobranded credit card, so the new version of the card increasing to 5% back on Uber purchases is much more logical.

For comparison, the old version of the card earned points which could be redeemed as cash back, Uber Cash or towards credit for gift card redemptions. The new card will earn only Uber Cash which will be automatically deposited into your Uber account after you earn $50 in Uber Cash. For rewards balances under $50, you can manually select to move the rewards into your Uber account — there's no minimum. Your Uber Cash also never expires, regardless of whether it's on the card or has been moved to your Uber account.

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The card will still carry $600 in mobile phone insurance when you use your Uber card to pay your monthly phone bill, and there are still no foreign transaction fees. Barclays also told TPG that none of the card's category merchant coding will change, so the hotel and airfare 3% earnings still include vacation home rental purchases from sites like Airbnb.

Existing Uber Credit Card holders can either wait until the completion of their first year with the current product or call and opt into the new product effective immediately by calling customer service on the back of their current card. However, all existing card holders will be switched over to the new version by the middle of 2020.

Bottom Line

Losing 1% on dining with the new card is a minor setback compared to the 3% increase on Uber earnings. If you're after straight cash earnings, the new Uber Credit Card is now the best to use for Uber purchases. If you'd like to earn transferable points which could be valued at more than 5%, the Chase Sapphire Reserve®, Ink Business Preferred Credit Card, and American Express® Green Card all earn triple points on Uber purchases (up to $150,000 in combined purchases each account anniversary for the Ink Business Preferred). For other options when it comes to dining cards, check out our guide to "The Best Credit Cards for Restaurants and Dining Out." The information for the Amex Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

I think the new Uber Credit Card is a better product overall. It's a shift that makes the card more beneficial to regular users of all associated Uber brands, and should be attractive to regular Uber users with 5% rewards in exchange for no annual fee.

Featured image by Photo courtesy of Uber and Tourism & Events Queensland
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
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Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
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  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
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  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023
Best card for premium perks while traveling
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

10XEarn unlimited 10X miles on hotels and rental cars booked through Capital One Travel
5X5X miles on flights booked through Capital One Travel.
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  • Intro Offer
    Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel

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  • Annual Fee

    $395
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    740-850
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Why We Chose It

The Capital One Venture X card is one of the best all-round travel credit cards ever launched. Not only is it offering a tremendous welcome bonus, but cardholders can earn tons of miles on everyday spending and receive a 10,000-mile anniversary bonus to boot. Its annual fee is $395, but cardholders can count on up to $300 in statement credits toward travel booked through Capital One Travel each year and other valuable benefits like access to Priority Pass lounges and Capital One’s own growing family of airport lounges.

Pros

  • Excellent welcome offer worth 75,000 miles after you spend $4,000 on purchases in the first three months.
  • Up to $300 in annual travel statement credits toward bookings make through Capital One Travel.
  • 10,000 bonus miles (worth $100 toward travel) each account anniversary.

Cons

  • The $395 annual fee might be expensive for some, but this card’s benefits provide much more value than that.
  • If you don’t travel frequently, this might not be the best card for you.
  • Earn 75,000 bonus miles when you spend $4,000 on purchases in the first 3 months from account opening, equal to $750 in travel
  • Receive up to $300 back annually as statement credits for bookings through Capital One Travel, where you'll get Capital One's best prices on thousands of options
  • Get 10,000 bonus miles (equal to $100 towards travel) every year, starting on your first anniversary
  • Earn unlimited 10X miles on hotels and rental cars booked through Capital One Travel and 5X miles on flights booked through Capital One Travel
  • Earn unlimited 2X miles on all other purchases
  • Unlimited complimentary access for you and two guests to 1,400+ lounges, including Capital One Lounges and our Partner Lounge Network
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Use your Venture X miles to easily cover travel expenses, including flights, hotels, rental cars and more—you can even transfer your miles to your choice of 15+ travel loyalty programs
  • Named editors' choice for "Best New Credit Card of 2021" by The Points Guy
  • Earn 10 miles per dollar when you book on Turo, the world's largest car sharing marketplace, through May 16, 2023