From next month, US riders can apply for the card from within the Uber app and get a decision on their credit worthiness within minutes. They can then start using the card for Uber rides immediately, with a physical version arriving a few days later.
The no annual fee card will have interest rates of between 16% and 24% and come with a host of benefits, including four per cent back on dining transactions (including on UberEats), three per cent on hotels and airfares, and two per cent on online purchases, including Uber rides. Rewards can come in the form of Uber credit, gift cards or old-fashioned cash back.
In addition, people who spend $500 in the first 90 days will get $100 back and those that pay out $5000 on the card in a year get a $50 subscription credit on services like Netflix and Spotify. Other perks include mobile phone insurance and invites to exclusive events like secret shows.
„With the Uber Visa Card, you can earn rewards for all your purchases—and those rewards stack up even faster for things like grabbing dinner with a friend, booking your next trip, taking an Uber to work, or even shopping online. You can redeem your rewards for Uber credits (that you can use on both rides and UberEATS), cash back, and a wide variety of gift cards.”, according to the press release.
Uber says the deal helps it to embed more deeply into customers’ lives, giving it a wealth of data. Meanwhile, Barclaycard hopes that access to more than 60 million Uber users within the app will prove a more effective customer acquisition strategy than direct mailing.
The Uber Visa Card is available nationwide beginning November 2, 2017.
Source: Uber
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
