Best Credit Cards for Uber and Lyft
Introduction:
Ridesharing services like Uber and Lyft have become an integral part of life for many consumers. These services help us get to work, social events, or just run errands when we don’t have access to our personal car. With that in mind, having a credit card that rewards you for using rideshares is a great way to save money or earn valuable points. In this article, we will discuss the best credit cards to use for Uber and Lyft rides.
1. Chase Sapphire Preferred Card
Earning: 5x points on Lyft rides (through March 2022), 2x points on travel
The Chase Sapphire Preferred card is a top choice for frequent Lyft users. It offers impressive earning potential – five points per dollar spent on Lyft rides through March 2022. Additionally, the card earns double points on all other travel expenses and offers various travel benefits such as trip cancellation/interruption insurance and no foreign transaction fees.
2. American Express Gold Card
Earning: 3x points on rideshare services, including Uber and Lyft
The American Express Gold Card is an excellent option for those who use both Uber and Lyft interchangeably. The card offers three membership reward points for every dollar spent on rideshare services, in addition to being a top earner for dining and groceries, making it an all-around great card for everyday spending.
3. Uber Credit Card (issued by Barclays)
Earning: 5% back in Uber Cash on Uber rides, Uber Eats orders, and JUMP bike/scooter rides
Although this card is specifically designed for Uber users, it’s worth considering if you primarily utilize their services. The Uber Credit Card rewards you with 5% back in the form of “Uber Cash,” which can be redeemed for future rides, food orders through Uber Eats, or even JUMP bike/scooter rides. Additionally, the card offers 3% back on travel and restaurants, plus no annual fee.
4. Wells Fargo Propel American Express Card
Earning: 3x points on rideshares, travel, and dining
The Wells Fargo Propel American Express Card is a solid choice for both Uber and Lyft users. Earning triple points on all rideshare services, it also provides excellent value for those who have diverse spending habits including travel and dining. With no annual fee and an attractive sign-up bonus, this card is great for both new and seasoned cardholders alike.
5. Blue Cash Preferred Card from American Express
Earning: 2% cashback on U.S. taxi/rideshare services
While not specifically geared towards Uber and Lyft users, the Blue Cash Preferred Card still offers decent rewards for rideshare users. You’ll earn 2% cashback on U.S. taxi or rideshare services, in addition to generous cashback on groceries and gas stations.
Conclusion:
In conclusion, if you are a frequent Uber or Lyft user, having the right credit card can help you save money or accumulate rewards points. The Chase Sapphire Preferred Card, American Express Gold Card, Uber Credit Card, Wells Fargo Propel American Express Card, and Blue Cash Preferred Card from
American Express all offer different yet valuable rewards for your rideshare expenses. Choose the card that best aligns with your spending habits to maximize your earnings potential while enjoying the convenience of Uber and Lyft rides!