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Best Credit Card for Uber
21 Sep 2019

What Is the Best Credit Card for Uber and Lyft Rewards?

As of early 2019, 60.5% of Americans owned at least one credit card, and on average people had four credit cards.

Credit cards are popular not only because of the credit but because of the rewards. Many of them offer cash back, points, gift cards, or more. Some of the rewards are specific, such as for travel expenses, while others are more general.

Ridesharing isn’t always considered part of travel, though. So if you’re looking for the best credit card for Uber and Lyft rewards, this guide will help you navigate among the many cards available.

Uber Visa Card

One of the first cards you might find for ridesharing is the Uber credit card. This is a Visa Rewards Card, and by using it, you accumulate points that you can use for Uber rides, gift cards, or cash back.

This doesn’t actually give you the best return for Uber rides themselves, but it offers enough other rewards to make it a good choice.

The Uber card benefits include:

  • Earn points: You’ll get 4x points for spending on restaurants, bars, and takeout, which includes UberEats, as well as 3x for hotels, vacation home rentals, and airfare. The 2x points for online spending covers using Uber, as well as online shopping and streaming services for both music and video. All other purchases give you 1x points back.
  • Sign-up bonus: If you spend $500 within 90 days of opening your account, you’ll get a $100 bonus.
  • Online subscription bonus: If you spend up to $5,000 in a year, you earn $50 for eligible online subscription services such as Netflix, Hulu, and Amazon Prime.
  • No annual fee: Unlike many cards, you won’t pay an annual fee to take advantage of these rewards.

You can start to redeem points once you’ve reached 500. This will give you $5.

In addition not having an annual fee, the Uber card doesn’t have a foreign transaction fee, making it a good choice for travel all around.

Platinum Card from American Express

In 2017, American Express updated to focus on ridesharing, which now makes it a great option for Uber.

The card has benefits specific to Uber, as well as general travel:

  • Uber-specific rewards: When you add your Platinum card as a payment option for Uber, you receive $200 worth of free Uber rides in a year – $15 each month, plus another $20 in December. You don’t even have to use the card to pay for Uber, just have it available. You’ll also have Uber VIP status, giving you access to top-rated drivers and vehicles.
  • Earn points: For travel, you can get 5x points when you book directly through the airline or through American Express Travel. You also get 5x points for hotels booked through American Express Travel. All other purchases earn 1x points.
  • Travel benefits: In addition to the points, you’ll receive up to $200 credit for airline fees each year, which can be used to cover baggage fees or online meals. Benefits also include access to over 1,200 lounges worldwide that are part of the American Express Global Lounge Collection. Finally, every 4 years, you’ll receive a credit for Global Entry or TSA PreCheck.
  • Sign-up bonus: If you spend $5,000 in the first three months, you’ll receive a welcome bonus of 60,000 points.

It’s important to note that this card does have an annual fee of $550, but if you travel frequently, you could easily make up that cost and then some.

Chase Sapphire Reserve

If you’re looking for the best credit card for Lyft, not just Uber, consider Chase Sapphire Reserve.

Unlike some cards, this one counts ridesharing as a travel expense. This means you can use the $300 of annual travel credits to cover Lyft and Uber, and you’ll also get points for those rideshares after going through the travel credits.

Although you won’t find specific Lyft card benefits, the card offers plenty of other rewards:

  • Earn points: All travel gets 3x points after you exceed the $300 credit. You’ll also get 3x points for restaurants, and 1x points on all other purchases.
  • Travel benefits: In addition to the points, you’ll get up to a $100 credit for TSA PreCheck or Global Entry, as well as Priority Pass Select membership. You can also do a 1:1 point transfer with leading hotel and airline partners.
  • Sign-up bonus: If you spend $4,000 in the first three months, you’ll receive 50,000 points.
  • Redeem with Chase Ultimate Rewards: You can also redeem your points through Chase Ultimate Rewards, which gives you 50% more travel for free.

The card does have an annual fee of $450, but no foreign transaction fee.

Ink Business Preferred

Chase also offers the Ink Business Preferred card, which is another good choice for Uber and Lyft.

Like the Sapphire Reserve, Uber and Lyft are included in the rewards for travel. Card benefits are:

  • Earn points: You’ll earn 3x points for travel, as well as select business services such as internet and phone services, shipping purchases, and certain advertising. The 3x rewards applies to the first $150,000 spent on qualified purchases in a year. All other purchases earn 1x points, with no limits.
  • Sign-up bonus: The sign-up bonus here is more than with most cards. If you spend $5,000 in the first three months, you’ll earn 80,000 bonus points.
  • Employee cards: If you have a business, you can get employee cards for no extra cost.
  • Redeem with Chase Ultimate Rewards: Your points go further when you redeem them through Chase Ultimate Rewards.

The annual fee is $95, with no foreign transaction fees.

Citi Premier

Another good Lyft credit card is Citi Premier. This also counts both Lyft and Uber as travel expenses, so they’ll earn Citi ThankYou points.

Benefits of this card include:

  • ThankYou points: You’ll earn 3x the points on travel, as well as 2x points on dining and entertainment. Other purchases earn 1x points.
  • Sign-up bonus: If you spend $4,000 in your first three months, you’ll earn 60,000 points.
  • Point usage: You can transfer points to airline partners, or you can redeem them. The best redemption value is for travel, but you can also redeem them for statement credits and more.
  • No first-year annual fee: Your first year of card usage is free.

After the first year, the card does have a $95 annual fee, but no foreign transaction fees.

Wells Fargo Propel American Express

One of the newer credit cards to consider for ride-shares is the Wells Fargo Propel American Express. Travel expenses include Lyft and Uber, as well as other forms of transit.

The card also has several other attractive benefits:

  • Earn points: You earn 3x points for rideshares and other transit, flights, rental cars, gas, hotels and homestays, both eating out and takeout, and many streaming services. Other purchases earn 1x points back. Points can be redeemed at any time for travel, gift cards, statement credits, and more.
  • Sign-up bonus: If you spend $3,000 in the first three months, you’ll get 30,000 bonus points.
  • Insurance: Travel and auto insurance are standard, and you can also get accident insurance if you book with your card.
  • No annual or transaction fees: You won’t have any annual fees or foreign transaction fees with the card.

One thing to keep in mind with this card is the variable APR. The first year is 0%, but after that, the fee varies, so you’ll want to keep an eye on your balance and the APR. 

Blue Cash Preferred American Express

Another good card from American Express is the Blue Cash Preferred. The rewards that come with it are especially good for families, since it covers cash back for streaming services and groceries.

Card benefits include:

  • Cash back: Instead of points, you’ll get cash back bonuses based on your spending. You’ll earn 6% cash back for U.S. streaming services, 6% at supermarkets up to $6,000 a year, 3% cash back for transit and gas, and 1% for all other purchases. The transit covers Uber and Lyft, as well as trains, buses, taxis, tolls, and parking costs.
  • Sign-up bonus: If you spend $1,000 within the first three months, you’ll receive a $250 statement credit as a reward.
  • Introductory transfer with 0% APR: For the first twelve months, you’ll have 0% APR, which applies to purchases as well as balance transfers. After the first year, this becomes a variable APR.

The card has a $95 annual fee.

Find the Best Credit Card for Uber and Lyft

Navigating the world of credit cards isn’t always easy, especially if you’re looking for ridesharing benefits. With this guide, though, you can now choose the best credit card for Uber and Lyft rewards.

Looking for more credit card advice? Check out our blog posts and look for topics on credit cards, card reviews, credit card tips, and more. You can also find more information on installment loans, bad credit loans, and no credit check loans. Here are some other articles you might enjoy from our blog:

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