[ad_1]
Editor’s Note: This is a regular post and will be updated regularly with current card details.
Whether you’re a fan of it or not, there’s no denying that the sharing economy has created an array of new options for consumers.
Airbnb is a great example of this, where you can enjoy a more local experience at your destination, even in a fast-growing new market. The sharing economy has transformed transportation in many cities around the world, with his Uber and Lyft ride-hailing services offering a convenient alternative to traditional methods.
As rideshare apps continue to grow in popularity, they have become a common bonus category for travel credit cards and cashback credit cards. Use this guide to make sure you’re using the correct credit card for each trip.
The best cards to buy Lyft and Uber
An overview of the best cards for Uber and Lyft
card |
Earning rate and perks |
Annual fee |
Value (cents per dollar of rideshare purchase, per TPG rating) |
|---|---|---|---|
| Chase Sapphire Reserve® | 10 points per dollar spent on Lyft rides through March 31, 2025.
Complimentary Lyft Pink All Access membership. $300 annual travel credit. |
$550. | 20 cents. |
| Chase Sapphire Preferred® Card | 5 points per dollar spent on Lyft rides through March 31, 2025. | $95. | 10 cents. |
| Capital One Subur Cash Rewards Card | Until November 14, 2024, unlimited 10% cash back on Uber and Uber Eats, plus a free Uber One membership. | $95. | 10 cents. |
| Capital One SavorOne Cash Rewards Card | Until November 14, 2024, unlimited 10% cash back on Uber and Uber Eats, plus a free Uber One membership. | $0. | 10 cents. |
| American Express® Green Card | 3 points per dollar spent on transportation, including rideshare services. | $150 (see Fees and Fees). | 6 cents. |
|
chase freedom unlimited |
5% cash back on Lyft rides through March 31, 2025.
1.5% cash back on all other purchases, including Uber. |
$0. | 5 cents at Lyft.
1.5 cents on Uber. |
|
apple card |
3% Apple Cash on Uber and Uber eats. | $0. | 3 cents. |
| Blue Cash Preferred® Card | 3% cashback on transportation including rideshare services.
Cash Back is received in the form of Reward Dollars that can be redeemed for statement credit. |
$0 annual introductory fee for the first year, $95 thereafter (see Fees & Fees). | 3 cents. |
| Citi® Double Cash Card | 2% cash back on all purchases (1% on purchase, 1% on payment). | $0. | 2 cents. |
| American Express Platinum® Card | 1 point per dollar spent on rideshare services (although this card offers quite a few Uber benefits). | $695 (see Fees and Fees). | 2 cents. |
Amex Green Card, Capital One Savor Cash Rewards and Apple Card information is independently collected by The Points Guy. Card details on this page are not verified or provided by the card issuer.
Card details for the best cards for Uber and Lyft
Chase Sapphire Reserve
Annual fee: $550.
Rideshare Benefits: 10 points per dollar spent on Lyft purchases. 3 points per dollar spent on trips that include Uber.
Why it’s great for Lyft and Uber: Chase Sapphire Reserve – one of the best travel credit cards on the market – offers 10 points per dollar spent on Lyft purchases and 3 points per dollar spent on Uber (coded as travel on your statement). increase.
Lyft and Uber’s benefits from Sapphire Reserve go beyond just their revenue structure. There is also a $300 annual travel credit. Chase counts rideshare services as a travel expense, so you can save up to $300 each year. Chase will automatically refund your travel credit with a statement credit.
Sign up for our daily newsletter
Finally, as of November 15, 2022, Chase Sapphire Reserve cardholders will receive a complimentary Lyft Pink All Access membership. This grants members benefits such as priority pickup, free cancellation and her 10% discount on all Lux rides.
For more information, read our full card review.
Apply here: Chase Sapphire Reserve
Chase Sapphire Preferred Card
Annual fee: $95.
Rideshare Benefits: Sapphire Preferred offers 5 points per dollar spent on Lyft rides through March 31, 2025 (3 points on top of the 2 points earned on all trips).
Reasons why it’s great for rideshare: Lower return than Sapphire Reserved (no travel credit), but Preferred may be the card of your choice if you don’t want to pay an exorbitant annual fee or take advantage of the many other perks there is.
For more information, read our full card review.
Apply here: chase sapphire preferred
Capital One Subur Cash Rewards Card
Annual fee: $95.
Rideshare Benefits: The Savor is offering unlimited 10% cash back on Uber and Uber Eats through November 14, 2024, plus a free Uber One membership.
Reasons why it’s great for rideshare: If you’re willing to pay a modest annual fee, Savor gives you 4% back on food, entertainment, and popular streaming services, plus 3% at the grocery store, as well as great ride-sharing perks. increase.
For more information, read our full card review.
Capital One SavorOne Cash Rewards Card
Annual fee: $0.
Rideshare Benefits: Like Savor, SavorOne will offer unlimited 10% cash back on Uber and Uber Eats through November 14, 2024, plus a free Uber One membership.
Reasons why it’s great for rideshare: For Capital One fans who don’t want to pay an annual fee, this card offers solid value and benefits, offering 3% unlimited cash back on dining, entertainment, popular streaming services and grocery stores.
For more information, read our full card review.
Apply here: Capital One
american express green card
Annual fee: $150 (see Fees and Fees).
Rideshare Benefits: 3 points per dollar spent on transit, including rideshare apps like Lyft and Uber.
Reasons why it’s great for rideshare: When Amex relaunched the iconic Amex Green Card, it added an expanded bonus category to its perks list. This includes 3 points per dollar spent in transit. Both Lyft and Uber purchases fall under that transit. Cards earn Membership Rewards points. At TPG, this point is 2 cents for every 1 cent. This means you get a 6% profit on all your rideshare spend.
For more information, read our full card review.
chase freedom unlimited
Annual fee: $0.
Rideshare Benefits: No annual fee, Freedom Unlimited offers 5% cash back on Lyft rides through March 31, 2025 and 1.5% cash back on all other purchases, including Uber and other ridesharing apps will be
Reasons why it’s great for rideshare: Freedom Unlimited is the card for you if you want cash back over points and miles (and enjoy no annual fee).
For more information, read our full card review.
Apply here: chase freedom unlimited
apple card
Annual fee: $0.
Rideshare Benefits: 3% cash back on Uber and Uber Eats.
Reasons why it’s great for rideshare: In 2019, Uber became one of the vendors that can earn 3% Cash Back (Daily Cash) with Apple Card.
The truth is, this card is perfect for true Apple enthusiasts as you can earn the best daily cash only at select merchants like Apple, Uber and Walgreens. Receive daily cash immediately after purchase. It may be fine for those who like simple cashback, but if you’re after points and miles, this card isn’t the best choice.
Please read here for details.
blue cash preferred card
Annual fee: Annual fee is $0 for the first year, $95 thereafter (see Fees & Fees).
Rideshare Benefits: 3 points per dollar spent on transit, including rideshare apps like Lyft and Uber.
Reasons why it’s great for rideshare: Blue Cash Preferred is another Amex card revamped for 2019 with expanded revenue categories.
One of these additional categories is transportation, which includes Lyft and Uber purchases. The 3% earned is cash back, not Amex Membership Rewards points, so this card is not a top earner on this list. However, it remains a powerful card option for rideshare expenses.
For more information, read our full card review.
Apply here: blue cash preferred card
city double cash card
Annual fee: $0.
Rideshare Benefits: Earn 2% back on every purchase (1% on purchase, 1% on payment).
Reasons why it’s great for rideshare: Citi Double Cash offers up to 2% on all purchases, including Lyft and Uber purchases. This is the most profitable flat rate cashback card on the market and a popular choice for those who want to easily earn rewards on every purchase. Also, if you have his Citi-qualified ThankYou credit card, such as the Citi Premier® Card, you can convert your double cash benefits into his ThankYou points.
For more information, read our full card review.
Apply here: city double cash card
American Express Platinum Card®
Annual fee: $695 (see Fees and Fees).
Rideshare Benefits: 1 point for every $1 spent on rideshare purchases plus many other benefits (see below).
Reasons why it’s great for rideshare: While you don’t get bonus rewards on your Uber or Lyft purchases, the Platinum Card is one of the best options for Uber rewards.
The highlight of these perks is up to $200 in Uber Cash per year (for US service). This breaks down as $15 to use each month plus a $20 bonus in December ($35 total for the month).
To get credit, simply add your Platinum card as a payment option in the Uber app. Monthly credits are automatically loaded into your Uber Cash account at the beginning of each month. Amex Platinum cardholders also get Uber VIP status. This allows you to request the highest rated driver in the city of your choice.
For more information, read our full card review.
Apply here: amex platinum card
Another option: a gift card
Gift cards are specifically mentioned in this article.
This is because many users benefit more from buying an Uber gift card with a credit card than paying for an Uber ride directly with a credit card. There are a few caveats. Uber gift cards can only be used for rides or UberEats orders in the country where the gift card was purchased, not for UberRUSH, family profiles or scheduled rides.
If you have a credit card that offers great bonuses to merchants where you can buy gift cards, such as grocery stores, gas stations, and office supply stores, buying Uber gift cards is a great way to earn a solid return. .
Three common options for purchasing gift cards at select merchants are ink business cash credit card, american express business gold card and the Blue Cash Preferred® Card From American Express. In the bonus category of cards, you should find a store that sells Uber gift cards and allows you to buy gift cards with your credit card.
Conclusion
With rideshares being such an integral part of modern travel, there’s no reason to think card issuers won’t continue to offer perks and maintain partnerships with select apps. The trick is finding the card that works for you. As you can see, there is no shortage of solid options available.
Click here for information on Platinum Card fees and charges.
Click here for Amex Green Card rates and fees.
Click here for Blue Cash Preferred card rates and fees.
Additional reporting by Ryan Wilcox.
[ad_2]
Source link
