New No-Fee Uber Visa Card Offers Credits for Netflix, Spotify

Here’s my take on the new Uber Visa card.

It’s official, Uber is launching a co-branded credit card aimed at Millenials, and they just might go for it. The card is called the Uber Visa Card, and it launches on November 2.

As a points and miles enthusiast and a Millenial, it’s interesting to see the recent shift of many credit card companies to offering various cash back cards.

For me, I’m quite interested in redeeming transferrable points for travel. But it’s also hard to beat the draw of cash. Here’s my take on the new Uber Visa card as a traveler and a Millenial.

First, the Uber Visa Card has no annual fee and foreign transaction fees are waived. It’s issued by Barclaycard.

Earning Points

The points earning is simply laid out:

  • 4% back at restaurants, takeout, and bars, including UberEATS
  • 3% back on hotels and airfare, including vacation home rentals (think AirBnB)
  • 2% back for online purchases, including Uber, online shopping, and video and music streaming services.
  • 1% back on all other purchases

The card will launch with a sign-up bonus offer of $100 after you spend $500 in the first 90 days.

Points are worth one penny each. You can redeem points for as little as a $5 Uber credit, or a minimum of $25 when going for cash back.

Uber Visa Card Benefits

Here’s where the card gets interesting:

It offers supplemental mobile phone insurance up to $600 for damage or theft when you pay your mobile phone bill with your card.

Earn up to a $50 credit for subscription streaming services when you spend $5,000 or more on your card per year. That means a credit for services like Netflix, Spotify, Hulu, and Amazon Prime.

Some might say this card lacks more premium features, but I’ll argue that Millenials (and I am one) may see this as a win all around. It is, after all, a no annual fee card.

It’s also interesting to note that Uber rides are not the card’s most rewarding spot, with dining doubling those earnings at 4% – which even surpasses the new Capital One Savor card that earns 3% cash back on dining. For Uber earning, the Chase Sapphire Reserve still holds the most value.

Travel brand loyalty is not nearly as important as it used to be for many, but this card could fit the bill in a growing part of the credit card world. Many Millenials consistently choose an AirBnB as their home away from home instead of legacy hotel brands, so a cash back card could make a lot of sense.

What do you think about the new co-branded card from Uber? Do you plan to apply? Share your thoughts in the comments.

Featured image courtesy of Uber.

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