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

Oct 28, 2019

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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.

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, American Express® Green Card and Citi Premier℠ Card all earn triple points on Uber purchases. 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 Citi Premier 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.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,600

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

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More Things to Know
  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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