The New Uber Credit Card is a Winner

If you’ve been looking for a cash-back credit card that lets you redeem points for rideshares, it might be worth investigating the new Uber Visa Card.

This new card will soon take the cash-back credit card market by storm, both due to its generous earning structure and its flexible rewards.

Here are some of the basic details we know already about the new Uber Visa card, which is offered by Barclaycard:

MORE Car Rental & Rail

Enterprise Expands Exotic Car Collection

These Travelers Pay the Most for Car Rentals This Summer

Uber Copter Coming to NYC in July 2019

—Earn $100 cash-back after using your card for $500 in purchases within 90 days of account opening.

—Earn 4 percent back on dining, including restaurants, takeout, bars and UberEATS.

—Earn 3 percent back on hotels, airfare and vacation home rentals.

—Earn 2 percent back on online purchases, including online shopping, videos, music streaming services and Uber rides.

—Earn 1 percent back on all other purchases.

While the Uber Visa card is obviously geared to consumers who use the rideshare service, it’s interesting to note that you don’t earn an astronomical amount of points on Uber rides. Instead, you just get 2 percent back, which is the same rate of return you get for online purchases.

On the flip side, the fact this card offers an unlimited 4 percent back on dining and 3 percent back on travel makes this a huge winner among other cash-back credit cards—even for people who don’t necessarily use Uber.

This is especially true because of how the Uber Visa card lets you redeem your points.

Believe it or not, you don’t have to redeem your cash-back directly for Uber rides only. You have the option to redeem points to cover Uber purchases, but you can also redeem for cash-back or gift cards.

READ MORE: Which Travel Credit Card is Best for Beginners?

On the rewards side, the Uber Visa Card has a lot going for it. However, its benefits don’t just stop with how much cash-back you can earn.

For starters, the Uber Visa Card comes with a credit up to $50 for online subscription services like Netflix or Hulu after you spend $5,000 or more on your card per year. You’ll also get mobile phone protection worth up to $600 for damage or theft when you use your Uber Visa Card to pay your mobile bill.

The Uber Visa Card comes with no foreign transaction fees, yet promises you invites to exclusive events and offers in select U.S. cities.

READ MORE: Uber Introduces New Feature, Rewards Credit Card

While the Uber Visa Card might seem ideal for people who use ridesharing all the time, it might actually compete with other popular cash-back cards like the Chase Freedom, Citi Double Cash and Discover it.

That’s because it offers up to 4 percent back in special categories, along with the ability to redeem your points in more than one way. The $50 credit for online subscriptions, mobile phone coverage and other perks are just icing on the cake.