Barclays Launches New Uber Credit Card: 4% Cash Back on Dining, 3% Cash Back on Travel, and No Annual Fee

Barclays just announced the details of the Uber credit card. The new card is set to launch on November 2, 2017. We'll do a deep dive and compare the Uber card to similar cards in the future; here is our first impression. 

The basics

  • 4% back on dining at restaurants, takeout, and UberEATS
  • 3% back on hotel and airfare, including vacation home rentals like Airbnb
  • 2% back on online purchases, including Uber, online shopping, and music streaming services
  • 1% back on everything else
  • No foreign transaction fees
  • Sign-up bonus: $100 after $500 of spend within the first three months
  • No annual fee

We're not going to focus on the 2% and 1% categories because there are more competitive cards out there like the Citi Double Cash that earns 2% cash back on everything, plus no annual fee.

A lot of people are curious why Uber rides only earn 2% back, and not a competitive 5% back. It's all speculation, but my guess is this is by design. The goal of the new card is to acquire new Uber users. If you're currently an Uber rider, then you're most likely going to continue using their service, regardless of cash back.

By introducing a new card that earns 4% back on dining, without an annual fee, Uber is hoping to acquire new riders by getting into their wallet. The fact that you're going to see the card in your wallet whenever you make a transaction, it's sending a subliminal message to use Uber whenever you need a ride or UberEATS. 

4% back on dining

The Uber card offers 4% back on dining, which is competitive in the millennial market. We recently talked about the Capital One Savor card which earned 3% back on dining as a selling point. 

However, if you are someone that travels often and willing to pay an annual fee, you might get more value from the Chase Sapphire Reserve. 

We'll dive in with a full review comparing similar cards in the future. 

3% back on travel

There are other travel cards on the market that are more competitive than the Uber card when you redeem points for travel.

If you're someone who's trying to avoid paying an annual fee, then the Uber card is a solid option.  

Sign-up bonus

The Uber credit card has a sign-up bonus of $100 after $500 of spend within the first three months, which is a 20% return on spend. The sign-up bonus is decent for the category.

Most of the foundation cards, keeper cards that don't have an annual fee, on the market offer a $150 sign up bonus after $500 in spending, which is a 30% return on spend. 

Mobile phone protection

The Uber card comes with up to $600 in mobile phone protection if your phone is damaged or stolen. The fine print doesn't mention that you have to purchase the phone with the Uber card. 

What do I have to do for my cell phone to be covered?

You must pay your total monthly mobile phone bill with the Uber card. The phone lines listed on your wireless account are automatically covered beginning the calendar month after your wireless phone bill was charged to your Uber card.

Claim amount

The maximum claim amount is $600 per claim after a $25 deductible. There is a maximum of two claims per twelve month period. 

The claim covers up to the suggested retail value of the replacement cell phone, up to the $600 maximum, less the $25 deductible. 

How to file a claim

To file a claim, contact the Benefits Administrator at 866-894-8569.

Other benefits

  • Earn a $50 credit for online subscription services after you spend $5,000 or more on your card per year.
    • This comes out to 1% return on spend.
  • Exclusive invites to events
  • No foreign transaction fees

Redeeming points

Redeem points for Uber credit, gift cards, or cash back. All redemptions are at a 1% value. This means that you're receiving 1 cents per point.