Your Ride From New York City Airports Just Got More Expensive
It's a good time to be an Uber driver in New York City -- but it's a bad time to hitch a ride. Starting at 12:01am on Saturday, all app-based ride-hailing services and yellow cabs will be raising the prices of trips in Manhattan in response to a new rule passed by the city.
Approved in December by New York City's Taxi and Limousine Commission, the regulation raises all ride-hailing drivers' minimum wages to $17.22 an hour across all app-based car services and yellow cabs. In response, prices for the majority of rides into Manhattan will increase by a flat charge of $2.75 more per trip and 75 cents for group rides.
An Uber spokesperson confirmed to TPG that if a cab or app service ride enters Manhattan below 96th street, it is subjected to the $2.75 surcharge. This means riders traveling from New York's three main airports, John F. Kennedy International Airport (JFK) and LaGuardia Airport (LGA) located in Queens and Newark Liberty International Airport (EWR) in New Jersey must pay the charge if they are taking a ride in or out of Manhattan.
The charge is applied to all rides that enter Manhattan (below 96th) at any point. Riders traveling from the airports based in Queens to destinations on Long Island or Brooklyn would be spared the surcharge.
Additionally, Uber will now compensate drivers for their return trips after taking riders outside the city. According to Bloomberg, Uber told the court that they "do not intend to hold back any portion of drivers' earnings."
Passengers will also have five minutes to arrive at the pickup point rather than two, and drivers will be compensated for the full time they spend waiting after that. Uber will also begin to limit its premium Uber Black service to drivers with a 4.85 customer rating and up in May 2019.
The rule is part of Mayor Bill de Blasio's effort to limit the growth of app-based, ride-hailing platforms and reduce traffic in NYC. Uber has no intentions of challenging the law in court. However, on Wednesday, both Lyft Inc. and Juno filed lawsuits against the rule citing that it gives "an automatic and perpetual advantage" to Uber, who is currently the industry leader.
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The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
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Cons
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- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
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- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
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- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended 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.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month