Uber has introduced a new credit card called Uber Visa Card that customers can start applying on November 2. Uber Visa Card features a signup bonus of $100 when you spend $500 within a period of 90 days. It offers several tiers of cash back on different categories including 4% on dining at the local restaurants, and take away meals. Travel-related and 3% cash back on travel-related purchases such as hotel, airfare, and short term apartment rentals. The card allows you to get 3% cash back on booking at Airbnb. If you shop online with your Uber Visa card, you can earn 2% cash back.
Online purchases include shopping at online stores, subscriptions to movie and music streaming sites. The online purchases do not cover third party payment. Even if you didn’t spend within these categories, you will still get to earn 1% cash back.
On top of that, you can reimburse with $50 credit valid for online subscription services if you spend at least $5,000 per year. It offers coverage for your mobile phone damages for up to $600. You can get exclusive pass into special events in selected US cities. The card can be used for overseas shopping without getting charged with any foreign transaction fee.
The APR for Uber Visa Card ranges from 15.99% – 24.74%. The points that you earn can be used for redeeming gift card, cash back and credits for your next Uber ride. Each point that you earn is equivalent to $0.01 cent. You can easily redeem it through the app. It just takes a second for the points to be converted into credits in the payment section of the app. You can then use the credits for your next Uber ride.
There is a minimum amount of points you need to collect before you can redeem them. To exchange your points as Uber credits, you must have a minimum of 500 points which is worth $5. If you want to redeem a statement credit, you need to have at least 2,500 points which can be exchanged for $25 worth of statement credit. Uber Visa card limits you to redeem up to $500 worth of Uber credits every day.
Uber Visa card is suitable for people who spend money at restaurants and Uber ride. You can apply the card from the Uber app or at the Uber website. After a few minutes of submitting the application, it will let you know whether you get approved. The approval of the card is based on your creditworthiness. If you get approved for the card, you should receive a physical card at your address. The card can be used for Uber rides and UberEats.