Uber rides into credit card market with no-fee card
By KEN SWEET
Oct. 25, 2017
NEW YORK (AP) — Uber already has a home on your phone. Now it wants a place in your purse or wallet.
The ride-hailing giant is unveiling a no-fee, co-branded credit card with British bank Barclays Wednesday.
While it will use points, the Uber Visa Card is designed as a cash-back loyalty program. For instance, the card will give users 2 percent cash back if they take a ride in an Uber, and 4 percent cash back for every dollar spent on dining, including the UberEATS on-demand food delivery service.
Customers will be able to redeem points for Uber rides using a standard penny-per-point redemption rate, or just have the points converted to cash and deposited back into their bank accounts. Barclays and Uber say point transfers to airlines will be coming in 2018.