Uber and Lyft credit cards provide enhanced earnings on rideshare spending as well as other valuable card perks. When choosing the ideal card for Uber or Lyft use, consider your individual preferences and spending habits, such as how many rewards you wish to earn and whether or not an annual fee applies.
Some cards offer Uber rides and Eats statement credits while others provide ongoing bonus earnings across dining, travel and grocery categories.
1. Capital One Savor Cash Rewards Credit Card
Capital One Savor Card could be worth considering for those with extensive dining and entertainment spending habits. It offers an outstanding 4% cash back on dining, streaming services, entertainment purchases as well as grocery store purchases plus an attractive sign-up bonus of $300 when spending $3,000 within three months of opening your card – however this card comes with an annual fee of $95, making it harder to accumulate enough rewards to offset its expense.
If the Savor card is too costly for your needs, perhaps its no-fee sibling, the Capital One SavorOne Cash Rewards Credit Card from Capital One might offer more value (please refer to rates and fees for more info). The SavorOne is designed for cardholders who don’t wish to navigate categories while earning high-value cash back at restaurants, movie theaters and grocery stores; its broad definition of dining and entertainment categories allows you to still gain rewards even if dining isn’t on the regular. Plus there’s no spending limits or rotating categories unlike some of its competitors.
The card comes equipped with additional perks to help maximize its rewards, such as waived foreign transaction fees and an introductory 0% APR period; however, its lack of an intro period on balance transfers may limit its appeal for some individuals looking to transfer debt from other cards.
Capital One Savor card is an ideal option for people with good to excellent credit who spend heavily on dining and entertainment, thanks to its unmatched 4% cash back in those categories and initial sign-up bonus of $150. But before choosing this card it’s important to evaluate how much money is typically spent in these categories and whether the benefits outweigh its $95 annual fee; many other cards exist for people who aren’t big diners/entertainers; please visit NerdWallet’s best credit cards page for options available for them as well.
2. Chase Sapphire Reserve
Uber and Lyft drivers need credit card benefits that maximize earnings quickly, including both cash back and points. Many cards on the market provide increased earnings on categories like gas and dining; others also come equipped with annual fees, low introductory APR offers, or additional perks that could bring even greater rewards.
To identify the ideal credit cards for Uber and Lyft riders, we evaluated numerous cards using our comprehensive methodology. Each card was evaluated on factors like its rewards structure, bonus earning rates, annual fee cost, APR tiers and key benefits – with these standing out among their peers:
The Chase Sapphire Reserve Credit Card offers significant rewards for riders. Riders can earn 3x points on travel and dining purchases with this card, earning their signup bonus of 60,000 points and receiving $300 in annual travel credits as well as transfer their Chase Ultimate Rewards points directly into airline or hotel loyalty programs at 1:1 ratio. Furthermore, cardholders enjoy an attractive 5% cash back on rotating quarterly categories along with complimentary Lyft Pink All Access membership for two years!
Discover It Miles Card is another outstanding choice, providing two times more miles on all purchases and three percent cash back on Uber rides and meals. All cash back earned within its first year is matched, and quarterly categories are announced before each billing cycle. Furthermore, this card is only open to applicants with good credit scores.
Although the card does charge an annual fee of $95, it comes with several advantages that make it well worth its weight, including 0% APR for 15 months on balance transfers and 1% cash back rate on all other purchases. Furthermore, you’ll gain free Instacart+ membership worth up to $199 of groceries in one year!
Drivers looking to maximize earnings with one card should pair a premium credit card such as Chase Sapphire Reserve with no-annual-fee rewards cards such as Capital One SavorOne Rewards Credit Card in order to obtain maximum reward value on rideshare purchases while still enjoying competitive returns from all other spending. This strategy will help maximize rideshare profits while still offering competitive returns across your spending portfolio.
3. American Express Platinum Card
American Express’ Platinum Card boasts impressive benefits, such as earning 80,000 Membership Rewards points by spending $8,000 within six months of card membership. You’ll also enjoy an annual $200 airline fee credit, along with Uber rides or Uber Eats orders credits and Uber Eats deliveries credits. Cardholders gain access to an expansive portfolio of airport lounges along with Gold status in Hilton and Marriott hotels. Furthermore, this credit card comes with credits for popular daily expenses like Saks Fifth Avenue purchases, Walmart+ membership fees and fitness expenses – perfect for everyday expenses like Saks Fifth Avenue purchases, Walmart+ membership fees or fitness expenses!
At $695 annually, this card’s annual fee may seem high at first glance; however, taking full advantage of all its perks could easily make up the difference in cost. These include earning 5x Membership Rewards points when booking directly with airlines or through Amex Travel; receiving an annual $200 credit towards airline fees and incidentals on one pre-chosen airline; earning Equinox gym credits as well as an Uber savings benefit of up to $500; among others.
One unique aspect of this card is its no-preset-credit-limit policy, giving you purchasing power that fluctuates based on your spending patterns, payment history and other factors. When your spending exceeds a threshold that you set yourself, we’ll notify you and suggest additional payments in order to keep within the credit limit.
As with any credit card, the American Express Platinum Card may not be suitable for everyone. It’s designed for frequent travelers who spend thousands annually on airfare, hotels and ridesharing services; casual users who primarily utilize ridesharing for business trips may find other cards more appropriate. Plus, its rewards program features 0% APR for 18 months on all purchases as well as an impressive sign-up bonus!
4. Uber Visa Card
The Uber Visa Card, now closed to new applicants, was designed specifically for Uber and Lyft riders seeking increased rewards for ridesharing services. While other credit cards might provide greater returns in some areas than its competition, such as points or dollars earned with certain categories or purchases on ridesharing services (Uber rides, Uber Eats delivery service, JUMP scooters/bikes). Furthermore, this card offered an attractive 0% APR introductory period on balance transfers/purchases lasting 15 months!
This card stands out from others featured here by offering no signup bonus or travel rewards, yet provides an attractive cash back rate for dining and online purchase categories like dining and online shopping. This makes it particularly valuable if you regularly use services that don’t qualify for higher reward cards such as streaming services and shopping online.
This card is tailored specifically for millennials who frequently utilize Uber and Lyft services, with its low annual fee making it an attractive option for those preferring cash back over accruing airline miles or hotel points. Furthermore, its generous rewards make this an excellent way to maximize earnings when combined with spending power required by cards such as Chase Sapphire Preferred or American Express Platinum Card which offer more generous offers.
Though this card only offers 2% back on Uber and Lyft rides, it does include other attractive benefits that make it worth considering. These include mobile phone damage/theft protection up to $600 when paying mobile phone bills using it and free subscription credits for Spotify/Netflix after making your initial payment.
As you compare Uber and Lyft credit cards, it’s essential that the right card fits with your spending habits and financial goals. For instance, if Uber is part of your work routine, pairing an Uber-specific card with another that rewards more broadly may be wise – such as Citi Premier Card or American Express Blue Cash Preferred Card are both excellent examples.
