Barclays relaunches the Uber Credit Card with an increased earning rate of 5% on Uber
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. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
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.
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.
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 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.
Welcome to The Points Guy!
WELCOME OFFER: 80,000 Points
TPG'S BONUS VALUATION*: $1,650
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.
- Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 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.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.