Discussion
Would you recommend this product?
29 Reviews
Uber is getting into the credit card industry, offering a competitive 4% back on restaurants/dining, 3% on travel, 2% on ecommerce, and 1% overall cash back. This is an impressive offer (most cards max out at 2-3%, and I only know of a single AMEX card that has offered more than 4% on restaurants - and that was just for a special promo).
Incredibly excited for this. Already set my calendar.
Upvote (23)Share
@nickabouzeid I'm a CC nerd. This is quite exciting and blows away cards at no annual fee rates. 💳
@nickabouzeid With the Chase Sapphire Reserve you get 3x points on Travel AND Dining and those points can be redeemed for 1.5¢/pt. So you get 4.5% cash back on Dining + Travel and 1.5% cash back on everything else. Uber card is only better on e-commerce (which if you're spending that much online, it's probably on Amazon and you should get the 5% cash back Amazon card).
@chris_hutchins sure but for average person who doesn't want to spend $450 on CSR then this is a great card. Personally I won't be applying for this as I have the CSR.
@chris_hutchins Quynh hit the nail on the head: the Uber card doesn't include the annual $450 fee, which probably makes this a better investment overall for most spenders. Seems like a simple enough Google Doc to build though! (maybe a fun weekend project 🤔)
@nickabouzeid @chris_hutchins +1 Amazon Visa was awesome at 3% cash back, but ever since 5% w/ no annual fee, for me and my family, it's THE card to have.
"This offer is available only to applicants who are residents of the United States, with the exception of Puerto Rico and the US territories" 😢
Is there a EU-valid credit card that comes anywhere close to this?
@hellotiago No. EU capped the interchange fee to 0.3%, not much left so that banks can afford to give out rewards. So on the upside merchants will have to pay much less for card processing.
As always, The Points Guy has the best pros/cons breakdown on this: https://thepointsguy.com/2017/10...
The 4% back on dining is appealing but I still don't think it rivals the Amazon card that gets you a whopping 5% back on Amazon purchases 😍
Pro
@yefim @nickabouzeid setting up the rotation is key. For me, having 3-4 cards for specific purposes works. Beyond that, it would get confusing!
@yefim @kunalslab I won't tell you how many cards are in my wallet then... 🤔
Pro
@yefim @nickabouzeid I should have clarified. 3-4 regularly in the rotation! I have a bunch of one off cards that I'll use sparingly, like JetBlue for JetBlue purchases only. I just don't keep them all in my wallet 🙂
The phone insurance on this seems amazing. $25 deductibles, and it covers up to $600 in damage per incident. A lot of people are going to feel comfortable going caseless now.