Cab hailing app Uber has upped its business as it introduces credit cards. You can start applying for the Uber Visa Card starting on November 2 from the Uber app or the official website. Uber’s credit card is also developed in partnership with Barclays, and was announced at the Money2020 conference in Las Vegas. Uber Visa Card will be available only in the US as of now, with global launch details awaited.
The Uber Visa Card comes with no annual fee, and is bundled with a few offers. To start with, Uber Visa Card users can avail Uber credits on various purchases made using the credit card. Uber Visa Card users get four percent rewards on restaurants, takeout, bars and UberEATS, three percent on hotel and airfare including vacation home rentals, two percent on online shopping, video, and music streaming services. There’s also a one percent reward for purchases made on everything else.
In addition to gaining Uber credits, users can get up to a $50 (approximately Rs 3,300) credit for online subscription services after spending $5,000 (approximately Rs 3,24,000) or more on their card. If you pay your mobile bill with Uber Visa Card, you will be entitled to up to $600 (approximately Rs 38,900) for damage or theft of your smartphone. Users in select US cities will also be lucky enough to receive invites to exclusive events and offers. Uber also says that its credit card is applicable for usage outside US without any hidden fees. ALSO READ: SoftBank’s investment in Uber ‘very likely’ to be finalized by next week: Reports
Uber Visa Card essentially gives users many ways to earn Uber credits. You can redeem your earned Uber credits by adding the credit card as a payment method from the Uber app. Uber credits are non-transferable but comes with no expiry date. Only the primary card member can redeem Uber credits, and a limit of $500 (approximately Rs 32,400) is allowed every day. Also, you can start redeeming Uber credits after you’ve earned 500 points or more. ALSO READ: Uber CEO apologizes for ‘mistakes’ following London ban on the cab-hailing service