Finding the Best Credit Cards for Ride Sharing When Using Uber and Lyft
Gone are the days of fearing getting a ride from strangers. Technology has come a long way in recent years. With these advancements came the popularity of ride sharing using Uber and Lyft. You can call a company to have a stranger show up at your location. You pay them, and they’ll take you wherever you want to go. The best credit cards for ride sharing can help ensure that you don’t have to carry cash. We’re going to cover a few of these cards including an Uber credit card review below.
Best Credit Cards for Ride Sharing One: Uber Visa Signature
First up on our list of the best credit cards for ride sharing is the Uber Visa card. This card comes with a variety of features that make it perfect for services like Uber and Lyft. First up is the cash back opportunities. As one of the best credit cards for ride sharing, it offers one of the highest cash back rewards.
You’ll get four-percent cash back each time you use it for dining. It also offers three-percent cash back for hotels, airfare, Uber, online purchases, and streaming video and music. Finally, you get one-percent cash back on everything else.
Spend $500 in the first 90 days of having the card to get the $100 bonus. This works out to roughly $167 per month. You get rewards for spending up to $5,000 annual as well. You’ll earn a $50 bonus toward streaming services including Netflix, Sirus XM, Amazon Prime, and more.
This card also offers up to $600 in damage protection for your phone just for paying your bill with the card. There is no foreign transaction fee and no annual fee. This means that each reward you earn is profit. You can redeem your rewards for cash, gift cards, or Uber credits.
Cardholders also become eligible for the Uber Visa Signature benefits. You’ll get auto and travel insurance. It also comes with extended warranties on specific products. Cardholders are also eligible for hotel discounts when they travel along with other perks.
You also can earn even more rewards with Uber by using the Sears Shop Your Way program.
Best Credit Cards for Ride Sharing Two: Chase Sapphire Preferred
Do you like to travel and earn bonus rewards for doing so? Maybe you find yourself using rideshare programs like Uber or Lyft. Either way, the Chase Sapphire Preferred can help you save. You’ll get double points for each travel and dining expense that you use your card for. This includes Uber, Lyft, airlines, and hotels.
You get one times the points for every other purchase. You’ll get 25-percent more points if you book your travel using the Chase portal. Also, you get a bonus for spending $4,000 in the first three months. You’ll earn 50,000 points for spending $1,333 per month for the first three months.
You do pay an annual fee of $95 for using the Chase Sapphire Preferred card. However, you won’t pay this fee for the first year that you have the card. This means that anything you earn in the first year is profit. So you don’t need to worry about offsetting the annual fee. Also, traveling a lot with this card makes it relatively easy to earn enough rewards to offset this fee.
You can redeem your points for gift cards, statement credits, merchandise, or travel. Chase allows you to transfer your points to airline and hotel partners at a 1:1 ratio. So this can help you pay less for your hotels or airlines each time that you travel with this card.
Cardholders gain access to several exclusive travel perks from this card. It gives you trip cancellation or interruption insurance, trip delay reimbursement, and baggage delay insurance. Also, you get primary rental car insurance, extended warranty protection, and purchase protection as well.
Best Credit Cards for Ride Sharing Three: American Express Platinum
The final card on our list is from American Express. You’ll get a $15 credit each month for Uber rides in the United States. Each December will automatically get you a $20 bonus credit for Uber. This card also rewards you with five times the points when you book airfare through the Amex Travel site. Cardholders get access to 1,200 airport lounges, TSA or Global Entry precheck credit, and $200 in airline fee credits annually.
Cardholders earn 60,000 bonus points when they spend $5,000 in the first three months. This works out to spending $1,667 per month. If you travel, you know that this is easy to hit that credit card sign up bonus. You can use these points to book travel, buy merchandise, redeem gift cards, and transfer to hotel or airline partners.
So You do receive a large $550 annual fee with this card. However, you can offset it if you travel smart. Each dollar you spend on eligible hotels or flights earns you five points per dollar. You do have to book through American Express’s travel portal to get this rate. Also, new perks include an annual $200 baggage fee credit at certain airlines and free Wi-Fi access.
Bottom Line With Finding the Best Credit Cards for Ride Sharing Using Uber and Lyft
Finally, researching and using the best credit cards for ride sharing can help save money. The cards come with several perks for cardholders that can save time and money. So each card we highlighted is great for Uber and Lyft uses and general travel. We invite you to take a look. You may just find your next travel credit card and save money each time you use it.